It seems everybody wants to be a trader. However the lure of 'get rich quick' often ends up in getting poor quicker. The theory is easy enough to learn but the discipline and money management is where most novice traders stumble - aside from the psychology challenges, which most are completely unprepared for. As a novice trader there is a lot to get right, but at least start with a stop loss, as this will help protect your capital while you navigate the tests Mr Market throws at you. We have a number of videos on stop loss theories and you'll find them here. Watch them and remember that theory is only part of the battle; fear and greed are the real biggies.

We're kicking off a series of Index Futures webinars this week, starting on Tuesday at 13h00 with Trading ALSI Index Futures (we'll follow up the week after with the mini version - Trading ALMI index futures). ALSI futures are undoubtedly a high risk trading product, but they're certainly the best product for traders in SA. Cheap trading costs, huge volumes and tight spreads make for a trader’s dream.

On Monday at 20h00 Alwyn Burger will come up with another trick for FX traders - FX Correlation trading. In short, what can the crosses between GBP/USD, USD/CHF and GDP/CHF tell us? Is it all about supply and demand, or are they linked? Alwyn will help us understand and add another arrow into our FX trader bow.

Last week we had a webinar on Trading JIBAR futures. At a first glance it seems complicated, but in reality it’s a very simple product for hedgers, traders and investors. Best of all is the lack of correlation with equity markets, making JIBAR futures a perfect addition to your arsenal.

Coming up

Monday 21st Nov at 8pm - FX Correlation trading

Tuesday 22nd Nov at 1pm - Trading ALSI Index Futures

Tuesday 29th Nov at 1pm - Trading ALMI index futures (mini ALSI)

Week that was

Trading JIBAR futures

JSE Power Hour on the Cannon Super Dogs of the JSE portfolio

Money tip

Every day when you get home put any change you have into a draw - a locked draw! Even if it's only a couple of Rands every day, by year end this could well be over a thousand Rand and will certainly help with the holiday expenses.

All the best

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