Q. “Please help me as I am a beginner and am not sure what steps to take to start trading with Pickpocket Trader. I registered with Pickpocket Trader last week and received my first SMS with the following message:
Here are the trade specifics:
I will be going long (BUY) GOLD
Stop loss: 1790.00
Take profit: 2000.00
Please tell me the steps I ne... ››› more
Q. "Trader X recently sent out a Forex trade to short (sell) the EUR/ZAR. I am currently trading Forex CFDs and would like to ask how I can calculate the minimum rands risked per pip movement if I traded 5 CFDs. Do you have a formula to help with this?”
A. Hi John S, yes I can absolutely help with this.
... ››› more
Last week, I flew to South Africa to catch up with friends and relatives.
I'm thrilled to have also have flown with my lovely girlfriend, so I can show her around this beautiful country.
Compared to chilly Greece, the weather has been perfect and it's been incredible being back to friendly faces, open air, amazing food and a lekker Jozie spirit!
Any way last week Friday, I decided to phon... ››› more
A few weeks ago, I made a rather extreme prediction. I predicted the world would be entering a period of greater instability triggered specifically by food price increases. Normally I would wait a little longer before writing a follow up, but things are changing rapidly on the ground.
Over the last week or so, we've seen upticks in instability across much of the emerging world. Protests have er... ››› more
Q. “Hi Timon, I have a R250,000 portfolio and I am using the special 2% risk rule per trade as you have taught us. Based on your last trade with Shoprite with the entry being R242 and your stop loss being R232.00 does this mean I should buy xxx CFD contracts in this trade?” Hi Pete,
The number of contracts purely depends on the how much money you deposit…
So if you have a portfolio of R2... ››› more
Today, I'm offering you the chance to join my Red Hot Storm Trader SMS and email service.
Apply today and I guarantee you'll soon receive regular mid-month pay days just like Tarj, Badiri, Bongani, Mario and Paul.
The only thing you need is your cell phone, switched on and charged up.
And don't worry if you've never tried your hand at trading before.
You don't have to have any expe... ››› more
In our QA mailbox this past week...
Q. “I am with Pickpocket Trader and before I take a trade, I would like to know how to calculate the number of international CFDs I need to buy to risk 3% of my R55,000 portfolio. Let's use the example from the most recent trade sent out on 11 February 2022”.
A. You'll need four metrics to calculate the number of international CFDs you'll need to buy.
... ››› more
My name's Timon Rossolimos and I have been a professional trader since 2003.
I run a small trading company called MATI Trader in the heart of Gauteng, Johannesburg. I have also been running a consistently profitable trader service and newsletter for the past ten years.
Before that I managed a restaurant, traded for myself and worked at a few broker houses.
It's there I first became int... ››› more
The S&P 500 is arguably the most popular stock Index.
It contains the companies most widely owned by individual investors.
It also accounts for roughly 80% of the overall value of the stock market in the US.
And it's been a boon for investors who have held in their portfolio over the past decade.
But the era of high returns could be ending.
Let me explain…
... ››› more
Last year Jack Ma, the Alibaba Founder, gave a speech where he uttered a couple of very minor criticisms of the Chinese economic system. At the time of the speech, he was one of the richest and most famous people in China.
In addition, Alibaba was one of the largest companies not just in China, but the world. If that wasn't enough, he was set to list another giant, the Ant Group, which was the ... ››› more
In today's article:
• Confessions of a lazy trader
• How to trade rand CFDs at a fraction of the price
• Why buy the Crypto Correction
Confessions of a lazy trader
Q. “I’m generally a lazy trader when it comes to calculations. I just want to take the trade without pulling out a calculator and pressing buttons to work out how many CFDs I’ll need ... ››› more
Q. “When you send out your Pickpocket Trade idea email, I'd like to know the meaning of the row that says “buy” and “sell”.
Thank you in advance.”
A. Whenever you see the messages saying.
I am going to go long (buy) or go short (sell) a market, this is the entry price which Trader X will be getting into his trade.
You see when we trade CFDs, there... ››› more
Q. “I see FSP Invest is offering a Beginner CFD Trading Webinar at the end of this month. I am interested to join but I have one very important question. What is a CFD and how is it different to buying shares?”
A. In short, A CFD (Contract for Difference) is a financial derivative instrument where you’ll enter into a CONTRACT at one price, close it at another price FOR a profit or ... ››› more
Q. “Hi Timon, I have a full time job and three kids. However I want to make money trading. One way I thought of how to do this, is to be a Forex EA. I was wondering if you can direct me to some charting platforms that can do the trick?”
A. Ahhh, so you want to let a Forex robot make you money?
This is probably one of the cleverest ways to make consistent money a... ››› more
I think we can all agree. 2020 is completely nuts!
In the last week, we saw a nuclear-sized explosion in Beirut, after 2750 tons of ammonium nitrate flattened the port city.
Trump is trying to force Chinese-backed TikTok to sell its US interests to Microsoft (with the US treasury getting a slice of the action) in what has to be the strangest M&A deal in history.
And we have both the te... ››› more
Q. "Timon I am ignorant when it comes to trading CFD's. I understand the basic principles as I have traded Forex before, but I do not know where to find a CFD platform and I don't know what CFDs to trade. Can you please help?"
A. We have two main recommended trading platforms you can use to trade CFDs. You can see them by clicking here.
With regards to what CFDs to trade, yo... ››› more
Over the weekend I read one of my favourite books of all time.
I'm sure you've read it or at least heard of the legend and late Steven Covey's 'Seven Habits of Highly Effective People'.
To put it briefly, the book is about finding ways to adapt to common traits that are believed to help with any person's success.
Well, every five years I read it again to see how I can relate to and ... ››› more
Q. “I really want to learn how to trade but I hate reading. Instead I watch YouTube videos, which I find more helpful. I also would like to watch a number of trading movies. What are the best trading movies to watch in your opinion?”
A. I have every one of these trading movies on DVD. Here are seven of my favourite trading movies I watch for inspiration.
• Rogue Trader
... ››› more
Q. “I often hear trading is just like gambling where over 90% of gamblers lose their money just like traders do. Why is trading not like gambling?”
A. I’ve gotten into many heated debates about this topic. I have even lost trading buddies, just because of this question.
There are many ways I can explain how trading is not like gambling, but I just want to highlight this one k... ››› more
“In the last Red Hot Storm Trader webinar, you mentioned the JSE ALSI Top 40 Index is showing promising upside which will drive up stocks.
However, you didn't indicate how far up it will go. What is your prediction on where you expect the JSE Top 40 to go next?”
In the below chart, you’ll see that the JSE Top 40 has broken above the wedge (triangle) pattern.
*******... ››› more
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