My Daily Forex Trades

I personally trade Forex only as I prefer the volatility and flexibility to currencies but I can give some advice on a couple of your questions :

1 : Never put money into a trade (share or currency) unless you have an edge...for shares you usually have to know a fair bit about the company you want to buy into. You have to do a decent amount of study about the company's possible future prospects...

An edge is a good reason to take a specific trade...what makes you think a particular trade is the trade to take? its the info that creates an edge and put the probabilities of success in your favor.

Never just take a chance, you MUST have a valid reason/edge to make you enter a trade.

For shares things to look at are :

Primarily, investors buy shares either to see growth in the value of the shares, or to receive an income in the form of dividends. For income, choose a company that pays a high yield and compare it with others in the sector. You can work out the yield by dividing the dividend paid by the price of the share e.g. price R300, dividend R12 per share gives a yield of 4%

Know the company
Do you actually know what the company does? This may sound simple but many investors do not actually know what business the company is in. Companies quoted on the stock market should be sorted into sectors (e.g. utilities, transport, retailers) to give a broad idea of the company's main activity.
Newspapers can list their share information by sector, so it may be easier for the public to see which sector a company is in.
Before deciding on the company specifically, take a look at the prospects for the sector. Is the oil industry performing well as a whole?
What challenges do financial companies face in general?
Whilst an individual company may be doing well, if it is operating in a highly competitive or fast-moving sector its fortunes can change quickly.

Then, look in more detail at the company to get a good understanding of what their core activities are, and therefore where their earnings come from. Look at what they do, who their competitors are, and how they compare - you're looking for what's going to give the company an edge over their rivals.

there is much more to consider as well....

The point is you have to know a fair bit about the company you want to invest it , its not a thumb suck decision.

But I am not a share trader so I am sure others here will be able to give you more/better insight into the matter. ;)

Hey man thanks for the advice :) i do have one or two companies in mind that i have done quite a bit of research into but my problem comes in researching that company on the actual stock exchange like how do i check its current price of shares or its recent growth according to the exchange any links
 
I imagine that is done through the trading platform that you will be using to buy into the company...so if you are planning on using Standard Bank to buy shares...they will provide you with a platform to place your trades..it should provide you the charts and share data in the platform.

I dont trade SA products at all but I do take a rare trade in an American company and I do this through my trading platform.
I open a chart of the company like AIG, Mcdonalds etc and place my trade right off the chart.

here is standard banks online share trading link : https://securities.standardbank.co.za/ost/

here is Old Mutuals : http://www.oldmutual.co.za/personal/online-share-trading.aspx

and here is FNB's : https://www.fnb.co.za/share-investing/index.html?gclid=CK-M1aXWqp4CFVqX2Aodpz9nvQ

This can also be a good source of info : http://www.sharenet.co.za/

There are many more platforms out there...its up to you which you want to use. :)
 
Awsome thanks for all the help Rory like i said this is more just for a little bit of fun if i make a little bit of cash it would be cool but i find it exciting to check if stocks go up or down kinda like going to a casino :p
 
Awsome thanks for all the help Rory like i said this is more just for a little bit of fun if i make a little bit of cash it would be cool but i find it exciting to check if stocks go up or down kinda like going to a casino :p

Well then I wish you success...please keep me posted of your trades...would like to see your progress as you learn and improve. Feel free to post your trades, analysis etc here in the thread.

cheers
:D
 
Hey Guys and Gals , I was watching 2 setups on the Euro and Pound but found the Euro and Yen to be the 2 trades we took in the Live session today, here is the video summary of the trades we closed in 119pips profit.

[ame]http://www.youtube.com/watch?v=EsTLa2ynIA8[/ame]
 
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Well the market is simply throwing trade possibilities at us today...we have to wait for confirmations but here are 4 of the signals on the majors...

1: The Euro looks like it might bounce off or break the PPA ...we could trade both possibilities when they confirm

2: The pound is making a bullish PB pattern that is confirmed by a ZLB...if this confirms , its like money in the bank

3: The Swissy is making a bearish PB pattern after a bearish ZLB - also money in the bank

4: The Yen is giving a TC pattern...if this confirms and the other patterns confirm a USD move then we are in the money on this one as well.

have a look....


4possibles.jpg
 
We are VERY excited on the TH forum because the Live Market Trading Sessions start tomorrow!!!

I have posted the details of the sessions, how they work ,how you can join etc. have a look at the Live Sessions Thread link in my signature.
You will see my charts, hear my voice and be able to ask questions and interact with me while we trade the live markets...

The sessions are free and will greatly improve your trading.

There are only 15 seats available for the moment...so its 1st come 1st serve , in other words its best to login early or the session might fill up quick.
 
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I am hosting a Live Session this afternoon at 2pm (GMT+2) , I will post the Session I.D here just before the session starts.

I invite everyone who is interested to login and join the Session.

All you have to do is
1 : navigate your browser to : www.gotomeeting.com
2: click the join a meeting button (the software will download onto your machine automatically)
3: Enter your name , email and the Session I.D

Then you will be logged in and be able to join the session.

You will be able to see my charts, hear mt voice and ask me questions in the chat box.

Come watch/trade a Live Session with me in the Forex Markets :)
 
The Live Session I.D that you can use to join the trading group will be posted here in 15min time...

Remember the Live Sessions are free and there is no registration necessary...all you do is follow these steps :

1: Navigate your browser to : www.gotomeeting.com
2: Click the join a meeting button (the software will download onto your machine automatically)
3: Enter your name , email and the Session I.D

Then you will be logged in and be able to join the session.

You will be able to see my charts, hear mt voice and ask me questions in the chat box.

:)
 
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Here is the Session I.D : 784-932-115

the session will be active for the next 2 hours...feel free to join us
 
Forex Video - Live Session Trade summary - 02 Dec 09

[ame]http://www.youtube.com/watch?v=N7CWkMOkTaU[/ame]
 
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here is one of the trades I couldnt put in the video (I can only review a few from the trading day)
its a Long trade on the Euro thats nicely in profit and has BE locked in.

Will be interesting to see if the Euro and Swissy continue their correlated move.


eur.jpg
 
Today's London Session I.D is : 882-267-810

If you are having problems logging in , then I am available on skype until the session starts.
my skype name : rory.kruger
 
If you have hassles entering the meeting after the session has started, it may be because the session is full.

It is best then to send me a PM and I will confirm this...then you can join the NY session in the afternoon.
 
Why do so many of your posts have so much bold text? It makes them a pain to read.

just a preference I guess , similar to the way you prefer plain text.

But I will stick to plain text if you prefer it. :)
 
Session starts in 20min, at 2pm (GMT+2)

Join the Live NY Trade Session by clicking on this link at 2pm (GMT+2).

https://www2.gotomeeting.com/join/819250554

You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 819-250-554

This is a scheduled meeting and so will only be active at 2pm.
As usual , I will be on Skype until 2:10 to help with members who have problems logging in.
skype name : rory.kruger
 
It was a great NY session yesterday with the room bursting its sided...we maxed out at 15 traders!
The afternoon session seems to be the most popular so we will consider extending its hours in the near future...

Todays London Session meeting
join here :
https://www2.gotomeeting.com/join/297603474

2. You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 297-603-474


please remember that if you find you are unable to login, most probably the meeting is full as we can only accommodate 15 traders at this time...this will be increased from early in 2010

As usual I am on skype if you have any hassles and want some help : rory.kruger
 
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