Q. “You mentioned in the article on Monday that there are two types of traders, “Intraday” and “Position Trader”. What about a scalper? Where does a scalper fit into those types?”
You can find the full Article here:... ››› more
When I was in my early 20s, working for different brokerage companies - I pretty much never held a trade overnight.
I would come into work 8am sharp and open my charts with short time frames like 30 minutes to 1 hour.
I would then start buying and selling different financial markets.
Within a few seconds, minutes and sometimes hours - I would be out of my trades.
The adrenaline was... ››› more
Q. “When I join Red Hot Storm Trader, do you have any recommended and user-friendly charting platforms I can use to set up my charts when I trade?”
You can find the full Article here:... ››› more
Last week, I wrote a prediction on how I expect resources to rally in the next few weeks.
This was mainly due to BHP Billiton, the largest diversified miner in the world, announcing a multi-billion deal to sell its liquid fossil business.
This told us, they are steering away from coal and petroleum and moving into cleaner and healthier energy alternatives.
I also mentioned that, this will... ››› more
“Whenever I receive a trade from you, I see the margin (deposit per CFD) is different. Can you guide me using Velocity Trader as to how to find the margin percentage for the last trade for Red Hot Storm Trader and Pickpocket Trader? Thank you…”
You can find the full Article here:... ››› more
Thank you China!
Last week, we saw commodity prices from iron ore to oil, rally as the Chinese economy showed less concern about the impact of Covid-19.
I imagine it's due to three reasons…
First, with the vaccination roll-out and new mandates in play, it is helping to create a new normal for the way business is done.
Second, the FDA fully approved the COVID-19 vaccine by Pfizer as... ››› more
One of the most powerful lessons I learnt as a trader was from Microsoft's founder, philanthropist and entrepreneur… Bill Gates.
Every year, Bill Gates goes to a secluded place to enjoy what he calls a “Think Week”.
During this time, he bans all communication from everyone and everything.
He avoids being distracted by his family, friends and employees.
Basically, he takes with hi... ››› more
No, FSPInvest hasn't been hacked!
In fact, it's more secured, encrypted and private compared to most online businesses nowadays…
Going back to the headline…
I was asked something the other day, which I thought I'd address in this week's Q&A… You can find the full Article here: ... ››› more
Let me guess.
Your trading account is up, money is deposited and your charts are set up.
But…
You are hardly doing any trading. And the trading you are doing is filled with uncertainty, doubt and little energy.
Well, let me tell you, this is what is slowing your trading performance and is stopping you from growing your portfolio.
I hope in this article, with my 5 simple steps, it ... ››› more
Q. “It looks like most brokers are raising their minimum portfolio amount for each investor to around R5,000. Why did they do this and what capital would you recommend we start with?”
You can find the full Article here:... ››› more
Dear reader,
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
I am a Bitcoin bull and generally expect major upside.
But today, the factors and chart I'm about to reveal might shock you.
What we know already is that companies like Tesla stopped Bitcoin transactions due to high energy costs. And countries like China are stopping Bitcoin transactions because of the lack of control.
But the main reason for the slump of bitcoin, right now, is due to ... ››› more
“In the last short AUD/USD Forex trade Pickpocket Trader sent out, how do I calculate how many pips I can bank if the trade goes in my favour?”
A. When it comes to the AUD/USD (Australian dollar versus the US dollar) the magic number for calculating pips is…
10,000
I’ll get back to this in a second.
First let’s start with the trade specifics:
... ››› more
South Africa has gone from Lockdown level 4 to Jumanji in the span of two weeks.
It's been nothing but pandemonium.
Businesses are closed again! Looters are enjoying Christmas in July and residents are fearing for their lives cooped up in their houses.
We may feel like sitting ducks, but at least we can take some kind of advantage of the one south African market that will most likely fal... ››› more
Q. “I've started reading Sam Volkering's Crypto-Revolution book. It mentions a couple of digital coins, which got me thinking. Are all cryptocurrencies the same or are they broken up into different categories?”
A. Each cryptocurrency has its own group of features, benefits and functions. Some are used to pay for goods & services while others are used for investment purposes i.... ››› more
In the last two weeks, I've sent out predictions on the next Nasdaq and S&P 500 rallies.
It seems like America is really showing signs of upside to come, as the stock markets have both continued to rally to new all time high prices.
Today we've saved the best for last.
I call it the US stock market hat-trick rally.
I've yet again been alerted of another American stock market rally. ... ››› more
“I've recently signed up to Pickpocket Trader and wanted to ask a question.
In the Welcome Guide you suggest, you never risk more than 2% per trade.
However, when we are entering into a number of trades we are risking a larger amount with our portfolio. My question is, what is the maximum number of open trades I should have in my portfolio at any one time?”
A. Whether you... ››› more
According to Fundsdata, it's ranked #1 in the Multi-Asset Income Fund category for returns over the past year.
It's up over 13%.
On the face of it, that doesn't sound like much.
But it's around DOUBLE the returns you would get from most income investments (Money Market, Income & Interest-Bearing Funds) today.
I'm talking about the…
________________________________________
... ››› more
Previously, I spoke about a Nasdaq rally coming soon.
Since then the Nasdaq hasn't stopped rising. If you missed out on it, don't worry.
I already have my eyes on the next big rally…
The S&P500.
The S&P 500, is a stock market index that tracks the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
And as of last week, we saw it r... ››› more
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