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Everything posted by dash1

  1. Hello guys. said something in the previous post that got me thinking and, I decided to do another post on it. That is confidence. Trading is all about confidence and, it takes a little bit of time and patients’ before you get there however, you do get there. I am still yet to see a trader who can tell us that he has never lost? I am willing to bet that there are very few of those or none at all. You got to accept the fact that you are not going to get it right all the time. That is the game of trading. When you first start, it can be rather damaging to lose a few trades. It’s not so much
  2. Understanding fundamental and technical Analysis. In today's post I wanted to share a little bit about why understanding technical and fundamental analysis is so important. As I previously mentioned, I am not an expert and I'm learning day by day however, in order to become a successful trader, you must understand why the market moves in the way it does. Depending on which country you reside in, does a strong or weak US dollar affect your market? If so, do you know why? Is the market that you trade in heavily weighted in commodities? These are some of the crucial aspects of fundam
  3. IG still offers the old-fashioned telephone call which is really helpful in sticky situations. I will do an update to this thread shortly
  4. Hi. So it’s time to give this thread an update. We covered a few aspects so far but, there is a bit to go! One of the major factors that see new traders blow out there accounts including myself, is revenge trading. You start the morning and start with a losing trade, you then take another one to try and make up for the first one and, that to, does not work out. You try the third time and again, bang account almost blown out. You think you got one more shot at it and you have now smashed your entire account. We all have been there when we first started. Trust me, do not do this. You will ju
  5. Hi there and welcome to the forum. R.100 is far too little to start with. A good size account would be 10 K plus. In my opinion. Mod Edit >> edited out personal contact information
  6. Hi and welcome. I started a thread in the intro section. Go check it out. What help would you like? Start a thread on what you are looking for.
  7. You can find a local trading group by just using Google. Also maybe start a thread and find out who lives in your area? I think prt is fantastic but you can also use the normal charts as well.
  8. The way things are going, we might not to see that gap filled and you might get to the 43,000 before you know it. The only upside from here would be China's positive GDP number on Wednesday.
  9. Hi and thanks for the fantastic feedback. Strangely enough I also got caught up with the binary options trading companies and it did not end well for me. Well I am glad I have made that mistake and now that is over. So let's get started with post 2. So, now that we got our account funded and we have played with the demo, we can make our first trade. One of the rules that I try and stick by is try not to risk more then 5% of my capital on any trade. If you are trading with a small account like many of us new traders do then this is not very easy as we want to see the big money come pori
  10. Hi thanks for the charts. I am not an expert at all when it comes to charts so I have a few questions. On the first chart zoomed in. It seems that the resistance lines has been broken pointing to a downward trend. Is this correct? The second chart the weekly seems to have a triangle also pointing downward is this correct? Could this imply a small bounce before going further down again?
  11. It looks like the SMP 500 is above the 2160 level That is a key level in my opinion.
  12. Hi. I think your argument is extremely valid and strong. Q3 earnings are going to either make it or break it. It kicks off in earnest tomorrow with Alcoa coming out with its number. While I am expecting a positive result out of them, we will then see the financial sector towards the end of this week. I think that is where the challenges are going to start kicking in.
  13. I think it will close out however, if it moves rather quickly you will have to pay in to your account. Be very carefull with such a situation
  14. Hello every one. I thought as a member of this fantastic community, I will share some of my experience as a trader so that new traders don't end up making the same mistakes that I have made over the years. Firstly, I am not a professional trader however, I have been doing this on and off for a few years now. I am sure there are other members in this community that have a lot more experience and can contribute to this thread. Like I have indicated previously this thread hopefully will help new beginners in making profits. Okay, if you are reading this then I will assume that you have a
  15. We are all watching this quite eagerly. Has the big cell off begun?
  16. perhaps this may not be the correct thread for this question however, this NFP number is going to be interesting. The general thoughts around it is that, A higher number means markets will rally and a lower number means not. In this particular situation does a higher number increase the case for an interest rate hike? If so can we see markets crashing further? And, if we see a lower number what does this mean?
  17. Play with the demo until you get the hang of it.
  18. Hi mate and welcome to the South African club. Unfortunately the index has been range bound over the last few days. Do you want to trade the South African cash index? I would start with the R2 mini contract until you get the hang of it. IG also offers a demo account in which you can trade the index to get some practice. Unfortunately, trading the index can be very risky without having typed stop losses. I would wait for the payroll numbers today out of the United States before trading the index. As much as trading the index maybe risky, if you get it correct it can reward y
  19. Hi guys. Does anyone have an opinion of the stock? Looks like a good buying opportunity but, wanted to get your thoughts.
  20. Yes agree. The South African top 40 index has not been behaving too well recently. I took a bit of a beating on it. Would be nice to get some analysis and guidelines on the index as well.
  21. Hi and welcome Nice to see another Durban nite
  22. I think the Dow should close hire tonight as some strong Company results and upgrades to buy have come out. My only concern with this theory is that a lot of profit-taking has taken place on oil which may bring down energy stocks and of course, the whole Deutsche bank saga.
  23. Hey, fantastic. What do you trade? So two of us now I hear I hope more South Africans will comment.
  24. I never expected such a pullback? Looks like the market is really getting jitters around the banking sector
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