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Posted

Hi Guys.

 

I know a couple of you play the markets.

 

I have been investing in the JSE steadily for a number of years now, but i have seen it as long term investing.

 

I recently felt the urge to take a small amount of capital and try and buy and sell on a much faster basis through a good broker.

 

I would like to try and ideally find a good broker that preferably is stinking rich or alternatively only gets paid commission on profits.

 

Do any of you know someone?

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Posted

Wayne I've been looking at automated trading using algorithms to take the emotion out of it.

 

Not available on the local market but if you're interested in US markets have a look at Rizm. JSE is also very expensive to trade.

mwah

Posted

Wayne I've been looking at automated trading using algorithms to take the emotion out of it.

 

Not available on the local market but if you're interested in US markets have a look at Rizm. JSE is also very expensive to trade.

Can a local trade on the US stock market? Would you then use a US broker?

Posted

Stock brokers are paid when trades are made not on profits, so you won't find one. For online broking Standard Bank has always been one of the most cost effective. I'm sure a google search will give you some cost comparison.

Posted

Can a local trade on the US stock market? Would you then use a US broker?

Yes you trade the US market using a US broker. Depending on the amount you may need SARB approval. Check out the RIZM website for more details.

Posted

There is a hubber that trades on a daily basis working for himself from home.

 

Alternatively we have an Investment Company that has over 50bar in assets being traded and growing on a daily basis.

 

Interested? 

 

PM me.

Posted

I did it a long time ago when the jse was full of jobbers. I had a broker who did it for me I cannot recall the exact figures but it was in the region of 8/10 positive trades but the 2 that went south depleted our gains and more.....so my advice is dont do it. Better to stay in the market and ride it out. We traded big numbers

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