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How to get Started Trading with Zero Risk and Zero Cost |
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Software
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Thursday, 28 August 2008 |
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Every trader can remember when they first took the plunge and decided to try their hand at trading.
Every trader will tell you that before you get started trading, it is a good idea to open a simulation account and use that to get familiar with the platform and concepts of trading online.
While there is essentially no cost associated with opening a simulation account, and so no risk, it is difficult to trade properly when you don't have any professional stock market software so that you can analyze stocks before entering a position.
Professional Stock Market software that enable traders to perform technical analysis costs 1000's of Rands. Often this is a hefty price for new traders or people wanting to get started in trading. Many would rather put the money they pay for such software packages into their margin account where they can make more money.
Now imagine that you could download a professional, full working copy of a technical analysis software package for FREE.
Wouldn't you be able to better learn the ropes? And would that not help you reduce your risk?
Yes, were asking you to imagine a zero cost, zero risk way for you to get started trading.
Well we're not just asking you to imagine it.
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A Lesson in Psychology for Traders |
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Trader Lessons
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Tuesday, 24 June 2008 |
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Trading is heavily influenced by the psychological individual person. The failures or success of a trader can often be brought back to the psychological state they were in when entering or exiting a trade. To consistently trade successfully, traders need to temper their emotional swings. Doing this is not a today to tomorrow thing for most traders, but a gradual process of learning, self questioning, familiarization and application of discipline.
Knowing one’s own personality, risk tolerance and lifestyle is an important part of any traders business. Here are a few insights into trader psychology that can help traders on the path to a better, more successful trading career.
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Contracts for Difference Trading
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Friday, 20 June 2008 |
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Contract For Difference (CFD) are a new trading product in South Africa that give traders more trading power, flexibility and trading opportunities. Since the introduction of CFDs as a trading product in South Africa, they have become very popular.
This is a quick tutorial on how to trade CFDs to demonstrate just how easy trading is and why it is they are so popular. For those just getting started on CFD trading this tutorial will quickly get you up and running.
By the time you finish this article, you'll know how CFDs work, what makes them highly profitable, and understand the costs involved in CFD trading. To help get you started, you'll also be able to open a CFD trading account with R100 000 of virtual money where you can try trading CFDs in a simulator environment and try it out for yourself.
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Contracts for Difference Trading
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Friday, 20 June 2008 |
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Nedbank Capital Contracts for Difference (CFDs) are an exciting new trading product that allows investors exposure to JSE-listed securities on a leveraged basis.
A contract for difference (CFD) is an over-the-counter derivative contract under which two parties agree to exchange the difference between the opening and the closing value of the contract, with reference to an underlying equity instrument.
CFDs allow investors to position themselves in relation to the rise or fall of JSE-listed securities, without the need for ownership of the securities.
CFDs are a leveraged product that requires from an investor a deposit of cash as margin rather than the payment of the full value of the underlying position.
Depending on the position taken by such an investor, the investor may be either the long or the short counterparty to the CFD. Effectively cash is being borrowed by the long counterparty and lent by the short counterparty in respect of the underlying security.
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