It is very easy to learn. Open a simulated account at http://www.gt247.co.za and start trading currencies, gold, brent oil whatever. For example Oil spiked today at $147 about and then pulled back to $142. This is 500 points if your stake was R100 you would have made R5000 in about 2hours.Hi There
I understand buying a share MTN for R100 and selling it two months later for R150 and making R50. or sell for R50 and loose R50.
How does future trading work.
Actually it would have been R 50000It is very easy to learn. Open a simulated account at http://www.gt247.co.za and start trading currencies, gold, brent oil whatever. For example Oil spiked today at $147 about and then pulled back to $142. This is 500 points if your stake was R100 you would have made R5000 in about 2hours.
500 points x 100 = R50000 profit. The margin for this at gt247 is around +-R120 for every R1 stake. Thus you would need R12000 margin but could hit your stop losses if the timing of the short was out. Look at it this way at $50 we were told about peek oil and that the world as we know it is coming to an end. From $50 to $145 was 9500 points. Lets presume you only took a R1 bet for an outlay of R120, you would now have R9500. If you took a R100 bet you would have nearly a million rands over less than a year period.Actually it would have been R 50000
And to play R100 a point you need a big amount of money in the account already.
Remember the spread guys. Oil spreads can be upto 15 points. That is MINUS R1500 to start off with in the first second of trading!
Any experience in the market? If no rather start with shares.mmmmmmmmmmmm, are there any good books to read, courses to take etc? I'm keen on trading but I need some knowledge to start off i guess.
Page88 is an attack site??!!GT247's graphs are s i t e in my humble opinion, check their EMA's, data feed is also creppy, graphs don't update - they freeze. they tried to correct it via a proxy, still has issues. As kiepe mentioned be aware of the spreads. Nice thing with GT, is that you can trade partial contracts on ALSI, thus margin requiremnts are less. I trade ALSI/DOW and gold.
page88.co.za is brillant, check it out. For decent gold calls, check out www.goldtc.com and also kitco. Having great discipline [follow your system] and sound 'wad' management is critical. Depending on system, employ a stop-loss Cannot emphasize enuff how decent pagg88 is!
Go to an equity trading course and use websites like investopedia. There are numerous formulas that you can use, but it is dependant on your investment strategy. Most investors will use custom formulas which is why understanding the concepts is better than parrot learning the technical formulas. The formulas also dont result in a buy/hold/sell recommendation, they will give a a value that will merely help you to make a decision.ohk, i know having experience counts a lot, but surely there must be a little bit of science behind it all?? where could i find out about these formulae etc. I played the fsx game on facebook last year was nrealy 80% up in 3 months, but I want to know how to work all that stuff out??
Did you read the argument thats been going on for a while? Has put me off posting there...page88 had an SQL injection attack some time back. the site guru [outsider] together with an SQL resource has been cleaning it up. you can't trade via pg88, it is purely a forum for traders. if you into any kind of spread trading/TA/mechanical systems, that would be yr first call, blerrie smart and very very helpful people there - use this info or don't use it, entirely up to you!
one other thing, courses offered by the *shaman* are apparently very good.
put of posting, hopefully still reading what is available?Did you read the argument thats been going on for a while? Has put me off posting there...