How to become an options trader on the jse

Earnings multiples are dropping and dividend yields are rising. Is it safe in this day and age with our economy being so weak to start investing and is satrix a good choice for a beginner like me? Maybe a car or school loan. If you are new to investing, I advise that you start by opening an account with a registered broker. Some stockbrokers provide their customers with suggestions on when to buy or sell certain stocks. If the company is a strong one, your odds of making a profit from the investment are pretty good. This will allow you to begin investing while keeping your risk and expenses low. The following article can help you with that. They also produce research which can be helpful when deciding which shares to buy. Lukily i have no dept that is outstanding other than fhone and munisipality bils. Your best resource for tracking down the value of your shares and any dividends due you will be a local stockbroker.

Unit trusts are a collection of shares of many different companies. Would either start with a lump sum or a monthly debit. To me this is news but I am looking to start investing and make some profit as everyone does. Here are a couple articles that will help you understand the stock market and some things to consider before you purchase your first shares. Many JSE brokers do not require a minimum deposit amount, but they will charge a monthly administration fee to keep your account open. If your family should no longer be able to support you, or you are unable to find a job, that emergency fund can give you some breathing room while you look for a new source of income. Read about Seth Klarman and study value investing intensely for a few months before investing in shares. Remember in value investing its not just about buying a good well established profitable company. Discretionary accounts give brokers the authority to make trades in your account without the consent of the account holder.

As a result, I would like to know the difference between trading on the JSE and day trading? You raise a good point. You simply buy and sell shares in a similar way that you would through an ETrade or TDAmeritrade account. Are there brokers that you can recommend. Many also conduct research on the stock market and help advise their customers on which shares to buy or sell. During the holidays I shall work as a waiter and make extra money on the side for additional savings. Thanks for your question and congratulations on what I presume is your retirement! Yes, there are a few funds that pay a monthly distribution to their investors.

Just look how the Johannesburg Stock Exchange has performed this year. Pls advise me, is it important to take any course that will help one to understand the fundamentals of JSE trading like one offered by intec, i intended to before i came through your article. Shoprite as an Example. This could be a credit card at Truworths or a furniture loan from Lewis. Could the under performance be due to 1 share? They should be able to advise on how best to track down your funds. Xforex is a program for speculating on currency movements. Hi Thandy, Ho joang? It is very straightforward using Schwab in the US: assuming you have funds in an account, just call their international desk and they can execute on the JSE.

Investments that ask for you to buy something upfront they are scams. Thanks for the great question. Is it possible that this could happen? This money should be available to you within a day or two. Africa me and my husband we want to trade with Jse but we found unreliable brokers. This may be when you believe the price on offer is higher than the shares are intrinsically worth, when you spot a better investment opportunity elsewhere, or simply when you need the cash. Happy investing and let us know if you run into any trouble! JSE, how can you advice I get started?

UK and tried setting my account up with Nedbank but they want me to post my original passport and will not accept a scan or fax. How do I know when to buy a stock, does my stockbroker alerts me or the JSE listed companies? The problem is that you must pay a small commission to your broker each time you execute a trade. If you have any questions after reading them, just let me know in the comments! StockBrocker and the JSE listed Companies? ETF, like the Satrix 40. It could be that I just slipped through the cracks. Malbak was then eventually acquired by Nampak about ten years ago. Hope this helps and all the best! Ryan, thanks so much for posting!

ETFS or Unit Trusts for a small amount of money before dealing with common stocks. You then inform the broker which shares you would like to buy with these additional funds. R10 000, does it remain the same or are there any charges? Standard Bank offered this feature on its website around 2005. Congratulations on the new job, Nelson! Please asisst me with the whereabouts and which broker can genuine help me in to start making money for my family as a starter. Note, however, that there is no guarantee that the value of your shares will increase. This means that you are paying R200 worth of interest charges on that debt every year. Standard Bank by the way.

Apple, Exxon, Google, and Microsoft and has very little exposure to the South African economy. If you bought the shares through an online broker, your dividends will deposited directly into your trading account. It seems like an not difficult way to do things without having to go directly through a broker. On the first the prices is in thousands and second in cents. SA with Alan Grey or Coronation and then buy a living annuity with all the proceeds and capital. London School of Investment, but I do know that they are not registered as a stockbroker with the Johannesburg Stock Exchange. As you plan your next steps, you will first need to be clear on your average monthly living expenses.

The most efficient way to do this is via wire transfer. Zimbabwean what do I need, another question is that are those shares differentiated in terms of ordinary shares or preference shares. Ryan for his patience. In most cases, this is all done via an online platform. The main role of a stockbroker is to buy and sell shares at the instruction of their customer. It is high risk and high stress. So, when you sell your units, you will be selling at the price that investors believe the underlying shares of your unit trust are worth on that particular day. Great question and happy investing!

There should be a trade confirmation in your account that breaks down all the charges. Is there an institution in particular that you recommend? So, what to do? When you buy a share of a company, you are buying a small piece of ownership in that company. Otherwise, you can contact their respective investor relations department if you have questions about the business. Why pay off debt first? Keep us posted on how things go! Every day the stock exchange is open, people buy and sell these shares.

Is the process the same as it is here in the US? They typically are managed in a way that the broker believes is the best way to achieve the investment objectives and acceptable levels of risk that you specify. Sorry I am bit confused. This will help diversify your risk while still giving you the upside potential of investing in the stock market. Good luck on the search and keep us posted on which broker you ultimately find to be the best for your needs! SA, like Absa, Standard Bank and FNB. JSE as I am a South African citizen.

Hope this helps and please let me know how things work out! If your neighbor sees that your cow is becoming very strong, healthy, and producing a lot of milk, he will probably be willing to pay you more for it. If you buy shares through a licensed broker, your investment is very safe. So great to see someone answering questions in a way that even I can understand! Since i am very interested in finance like most people commenting here and i love the african continent i decided to apply to a south african university to get a BCom in Accounting then move into investment banking. Hope this helps and let me know if you have any other questions! Plan to invest for at least five years and preferably much longer. All Share Index, which is a measure of the performance of all stocks that trade on the exchange. Thank you very much for the info. It can be as little as R1. As a novice i suggest starting with mutual funds like etfs which are traded on jse as they are less risky and learn while investing.

So, if the commission charge is R50. When you are starting out as any investor keep your cost to minimal use free information on the net once you have made some profit you can invest in what Ryan offers like Stock scout. Im at the very beginning, where do you suggest I take it from here? Young people have the most to profit from investing because they have the most time to allow their investments to grow. But the good news is that not all brokers charge a monthly fee. Thanks a lot Ryan. Thanks, I would like to hear more from you or anyone who help me. So, I limited my broker research to those that offer them.

Take the guaranteed return by first eliminating your debt. Please send me your email i think communicating with you will be of great help in my journey to investing. Is there any other better way to invest our money? All the best and please keep us posted on what you find out! And because the Johannesburg Stock Exchange is one of the most sophisticated in the world, investors can scoop up these deals with a click of their mouse. Only the lucky succeed in doing this. Thanks for your question, Ndumiso.

The Balanced Index Fund is diversified across South African and foreign stocks, bonds, and property. Each company has a different schedule for when they make their payments. Some brokers will communicate with you via the phone or on email. As time goes on and you learn more about investing in shares, you can begin to invest in individual companies. Satrix40 ETF share account with FNB for almost a year now but for some reason it is under performing. Latest being kipi, upliftingsa. It sounds like a scam.

Open a bank account and save up that cash for a rainy day. Last question, When they say buying or selling a share what exactly is going on there? Wow, Ryan you are great. Standard bank cheque account to my trading account which you can setup when registering. Great to hear of your interest in investing on the JSE! They will also send you an invitation to their annual meeting where you can vote on matters pertaining to the company. If you want to begin investing. One day it goes up with R5 or more.

Your odds of making money in stocks are best when you focus on the fundamentals of the underlying business. Note that you cannot purchase shares of Foschini today and expect to receive a dividend on Friday. Each monthly issue contains two of my favorite JSE stock picks. Also need guidance on investing in mutual funds of single shares. If you pay a fair price for shares of Woolworths, for example, and the underlying business performs well, the odds that the share price will rise over the next months and years are in your favor. But the problem is security because the company is not listed with Jse. Let me know in the comments if you have questions after reading it. If you like investing like me I would like to form some sort of club where we share Ideas. Your website is so informative.

Ryan I wish to register for trading platform so I can buy and sell shares. Otherwise, you will be 15 minutes behind the curve. Satrix offers a number of ETFs and unit trusts which help diversify your risk while keeping costs low. But there is no guarantee that their advice will actually result in a profitable investment. Another one, I have a unit trust that I track every day. Hope this helps and happy investing! Jse with you hopefully it helps.

If the news about a certain company is good, the price of its shares will typically rise because investors believe that the company is more valuable than they previously thought. Then as your knowledge of investing grows, you might want to start investing small amounts in individual companies that you know well. Ryan so many questions and you are very kind to respond to everyone. Start by investing in a diversified fund, like a unit trust, to reduce your risk. The idea would be to own share via my consulting company. Share prices go up and down from day to day. Let me know if you have any questions and happy investing! Be aware that, for South African residents, value added tax is added to many of the above items.

In order to purchase shares, you must submit additional funds. Five of the brokers confirmed that they do take foreign clients and responded to my questions within three business days. How do I find a broker who will take the investment in ZAR and invest in Yuan or RMB for me? Your first step is to open an account with a South African stockbroker. It means that I will only be able to use the money I made after 5 years to buy more shares and wait another 5 years for them to grow. So, investing in them involves a high degree of risk. Because paying off debt is a GUARANTEED way to reduce your expenses. If you should have any questions while reading them, please let me know in the comments! JSE, and she told me that one of their brokers would like to make a presentation on how to invest with the JSE without the help of a middleman, the appointment did not materialize, however.

When you know how much you spend in an average month as a retiree, I would set aside 12 months of living expenses in a savings account at your bank. Nedbank stockbrokers, does one have the option to even buy shares like Calgro M3? Meta Trader4 and planning to trade commodities some time next year. Would love to hear how the process goes for you. In fact, the market is now at its lowest point in nearly two years. Are there people you can mention who have acquired millions through stock trading, in South Africa or anywhere else? How does this software work? Run away from this broker, Alina. To determine the relative value of a share we use a number of different ratios and statistics.

Almost all of them have live help desks in the event you have any questions about your account or how to place an order. He buys shares of good companies at good prices and holds them for a very long time. After opening your trading account, your broker will provide you with its bank details so that you can fund your account and begin buying shares. Forgive my ignorance as I only have shares that were issued to me as part of my employment package. R1000 from your family. Being French and living in South Africa, I was wondering about two things.

If one is willing to sacrifice on line trading for ease in setting up or in liquidating the account, one could trade on the JSE through Schwab or many other retail brokers. The cheapest, most efficient way to do so is to open an account with one of the reputable brokers listed above. While the cost of maintaining a brokerage account is typically quite small, there is no guarantee that your investment will increase in value over any given time period. Then hold on to the shares and let the business work for you. Hope this helps and keep us posted on how things go for you! Me and my father are using the anglo rand trader platform, we covered basic things such as the interface, drawing lines, studying candles and analysing possible strategies. The only thing you must do is open an account with one of the brokers listed in the article above. Please can you assist what is the real price of this share?

Lesotho stating that they mediate between me and the JSE, can I trust them with my money? In most cases, you must be on record as a shareholder roughly one month before the payment date in order to receive a dividend. Perhaps this is a new policy. What financial qualification do you have? Note that some of these brokers offer discretionary accounts. In my experience, collecting dividends paid by your South African stocks is a piece of cake.

To be precise, I bought it for R101. Stocks, on the other hand, are NOT guaranteed to increase in value. Once you have done research on a share and ready to buy you just click away until your trade is matched. Thanks for the fantastic talk site. You can then decide whether to bring the cash back home or to reinvest them in the market. Dozens of stockbrokers facilitate trades on the JSE, but only 12 offer online share trading to individual investors. Their final payment will be issued approximately six months from now. When brokerage fees are charged on a flat rate, they can take a big bite out of returns. You can simply follow the instructions in the article above.

Fortunately, individual investors who wish to manage their own accounts can skip many of the sections. Thank you in anticipation. You have to learn n read alot. Very much like gambling. The brokers listed in the article all responded promptly and helpfully, so I thought they deserved a specific mention. You can do fundamental and technical analysis with free news site like fin24. Some stockbrokers have online platforms which allow you to buy and sell shares of stock without ever interacting with a live human. Brilliant advice, you answered some of the questions I was going to ask before I even did. In exchange for doing this, they collect a small commission on each trade they execute.

Think of yourself as an owner, and buy a business that is profitable, with low debt, and that is not difficult to understand. What I mean is, does it limit you only to unit trusts? Falling prices mean an increasing number of bargains are on offer. Like those asking you to buy R18000 software. Its similar to what big for banks offer in terms of online stock trading. It is such a huge decision and responsibility that I feel quite stressed out about it! The monthly fee keeps your trading account active. Hope this helps and thanks for the question! Is it very likely? Another excellent question, Brenda.

These dividends are paid as cash into your trading account for you to withdraw or reinvest in new shares as you see fit. Say I want to sell my units, do they come with a certain price that I do not know of? My wife and I were born in SA, but we currently work and live in London. So keep an eye on your trading statements and ask your broker to refund any VAT should it appear. If i increase the number of shares, will they likely perform better? And, if the news is bad, the price of the shares will typically fall. As the investor, you ultimately decide when you would like to sell your shares. JSE via pensions and savings plans.

But if your interested in common stocks, you have to register through a broker. Ghana but everyone was always just interested about parties, spending money and becoming more popular even through their parents owned quite large businesses, probably the wealth made them a bit lazy in studying so i ended up gaining the best business student of the year award. As far as I am aware, Zimbabwean citizens are permitted to open trading accounts on the JSE. Lots of share unbundling happened along the way. In my opinion, pessimists make the best investors. In your case, you may want to consider investing in shares that pay a consistent dividend.

Thanks for your message, Sydney. Please can you advise witch options fits well to my method taking in consideration that I want to avoid huge fees. Excellent question, and I applaud you for taking time to make a plan for how to use the resources you have at your disposal. JSE website, this is the interesting way to understand how stock markets work but i have few questions i need some clarity on. Ryan I would really appreciate your help in the following. They will not limit you to unit trusts. The main difference being there is no monthly fees and you have access to JSE listed companies. Business Administration and hopefully furthering it! Unfortunately, there are no guarantees when it comes to investing in shares. SA although I live in Canada. Only after you have done both of these things should you even consider investing in the stock market.

Is this a good way to get involved? The price of a share of a company varies widely. Or will I cash out the balance that I see every day? Thank you very much, Ryan. Investor account with 15 minutes delayed data. This is probably a flat rate of about R50. The shares of this company should be trading at a discount to their instrinsic value hence providing you what is know as a margin of safety. Let me know if you have questions and all the best to you!

Let me know what questions you might have after reading them. Hi, I would like to know if the JSE encourages South Africans to invest directly with them. Is this the case with them all as I am not conforatble posting my passport to South Africa. What to you make of platforms such as EasyEquities? You raise an important question. Your colleague is steering you in a sound direction, in my view. If you are a South African and registered with SARS, you will just need to supply the broker with your tax number where requested. The same method can be employed in South Africa, Kenya, Nigera, and anywhere else where there is an active stock exchange.

Hope this helps and many thanks for the great question, Charl! Oh wow i have hundreds of questions to ask. Would really like to meet you. You can try one of the brokers listed in the article above or choose one from this list. And I would like to find out if its true that I have to buy the software that cost R18000. Are they not proper brokerage houses also?

Just search co HYIP on Google. Photo by Henti Smith What Documentation Will You Need? As you can see, commissions and fees are pretty comparable across all five brokers, but Anglorand requires a much larger deposit than its peers. Im turning 18 on the 21st of september and ive been studying value investing, private equity and hedge funds since i was 14. Africa investors to get their feet wet. If you think a share price is going to rise in the next month, you could buy a futures contract over that share. You can also shorten futures by buying or selling at the current price and, if the price falls, buying back at a lower price and making a profit. The JSE offers a number of different products you can trade, such as indices, commodities, currencies, bonds and agricultural futures, all regulated by the JSE.

The agreed date is determined by the JSE. The price is agreed by the market. Futures are the obligation to buy or sell an underlying asset at an agreed price at an agreed date. Basically, you would be selling what you do not own in the expectation it will fall in value and be cheaper for you to buy back again. As it is a right, but not an obligation, you cannot lose more than your initial capital outlay. Derivatives: What are they?

Here the agreed date and price is set by the issuer. Lefika Securities with local and global research capability. BSc degree in microbiology but struggled to find a job. CFA Programme while doing articles. CFA charter holder is a huge advantage. He had a great deal to overcome, coming from a poor background and not having the contacts to open doors.

Erica Bruce of the South African Institute for Stockbrokers says when people ask her about getting into stockbroking, they usually mean they want to be traders. His story is an inspiration for those who have a dream, but it is also a story of hard work and commitment. If you wish to become a trader, she advises you also write the Registered Securities Trader exam. Personality is an important determinant in following a career as a trader. Most firms do require a qualification so consider studying part time. Even when I met Mkhondo for the first time 12 years ago, I was struck by his passion, determination and intelligence. University of Johannesburg and government to put the course together.

Mkhondo, who partnered with SA Stockbrokers. Bruce says these are the basic requirements before you can apply for a job. Yet he succeeded by creating his own future. You could also find out about getting a security job at a stockbroker and ask if someone would help train you. Information on these courses can be found at Saifm. Your question reminded me of Vusi Mkhondo, who I met for the first time 12 years ago after he had just started on his quest to become a stockbroker. In this way you learn and when you approach companies you will be able to show that you have knowledge, not only a passion.

Hence, by the time they leave for investments, they would already have completed some, if not all, of the exams. If you do not have a degree, you can write the Registered Persons Examinations, which include: introduction to financial markets, regulation and ethics, and equity market. There are many engineers, for example, in stock broking; but you must have the ability to grasp mathematical concepts. The minimum academic requirement is a BCom degree. The best thing to do is to start learning about the market and investing yourself. What can I do to achieve my dream? Lefika Securities, brought the black empowerment credentials to the partnership and SA Stockbrokers brought the infrastructure, including a trading licence. As he said at the time, when he matriculated with good marks, the only option was medicine and stockbroking was not really something career counsellors spoke about.

So Mkhondo decided to create his own job by starting his own broking business with two partners, Yolanda Boikanyo and Tebogo Shakong. CFA Institute, pledge to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct, apply for membership to a local CFA member society and complete the CFA Programme. This as companies look for people with an outgoing personality who can work not difficult with numbers. Computer literacy, with MS Office, is also required. Although it may have been easier to become a qualified stockbroker in those days, it was virtually impossible to find a job. If you are deciding on the financial markets as a career, take time to learn about the various roles and careers, and decide which one you would be best suited for.

You need to demonstrate this passion by getting involved in the markets and learning about them. It will be a workplace qualification, which means it will include work experience. CEO of Lefika Securities, a firm he started with two partners when he could not find employment in an industry for which he had a tremendous passion. Binary trading is still a pretty new form or trading, while compared to a general option, its usually determined by the outcome of an event. EXCLUSIVELY available to traders that have been referred from our website. South Africa and that is Anyoption, they are currently the only FSB licensed and regulated binary options broker trading in South Africa. Due the growing popularity of binary options, the question must be asked, is this form of trading currently legal in South Africa and how has this market developed in South Africa over the past few years. It is a relatively new form of market in which event driven futures are traded where the instruments traded are determined by the outcome of a future event. EXCLUSIVELY available to traders that have been referred from our.

SA with a plan to develop a new platform capable of allowing investors to trade securities and assets on the JSE using the Binary Option principles discussed above. In some cases trading Binary options is often compared to gambling, or specifically Roulette as there are only two possible outcomes. To be eligible for this offer sign up with Anyoption. UP or DOWN, similar to BLACK or RED when playing roulette. South Africa this is now available for the general retail market. Why then do Binary Options exist? It is only recently that the popularity of Binary Options in South Africa have started growing. Securities Services Act, is not currently regulated by the Financial Services Board and is certainly not regulated in any form or function by the JSE. How does this apply to South African traders?

Please note, the investor is not under any obligation to trade or purchase the option, they are purely given the right to do so. This type of trading also attracts risk adverse investors who may want to hedge their positions on their other trades. This platform came into effect in December of 2007 after it was given approval by the registrar of security services. Lets first look at what the definition is of a Binary Option is. According to the JSE, smaller contract sizes will bring new affordability to the options market in South Africa and open it up to the man and woman in the street. Options give the investor the right, but not the obligation, to buy or sell an underlying asset at a predetermined price at a set date in the future. Investors and traders can use options to profit from a movement in the underlying shares without the costs of trading the shares themselves. JSE derivatives trading head Allan Thomson said in a statement this week. According to the JSE, the market maker Nedbank will be quoting option prices in sizes as small as 5 contracts in 50 point strike intervals for index options and 50 cent strike price intervals for single stock options. Options provide numerous benefits to retail investors, and are especially relevant in these turbulent economic times. They offer investors time to decide whether they want to buy or sell a share.

Options give you exposure to movements in the share price for a fraction of the cost of purchasing the shares themselves. As with purchasing a futures contract, investors will need to use their existing futures account or open a SAFEX account with a broker. This new investment avenue complements the existing equity futures market, and will increase both trading volumes and liquidity in market. Index options which are based on a basket of shares as opposed to a single share, provide diversified exposure, without having to invest directly in the many stocks that make up the index. JSE Top 40 Index and index options on the Top 40 Index itself. Of course, like an insurance policy, the investor will pay a premium for this peace of mind.

Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. The major drawback, however, is that you as the investor will select shares on your own. Some people enjoy the challenge of poring through annual reports and following the markets, but for others this can simply be daunting and time consuming. You can purchase an ETF for minimum lump sum of R1 000 or via a monthly debit order for about R300. This means more diversification which helps spread investment risk. With online trading, fees and commissions are usually much lower than those of a stockbroker and an investor can act on prices almost immediately. You can invest in a fund through a fund management company, your financial advisor as well as through your bank.

It is also more cost effective as it carries lower management costs and only requires a small initial investment amount. By choosing the right fund or unit trust to invest your money in, you can have a team of professionals picking stocks, managing your money and executing trades. JSE and receive dividends, in other words a slice of earnings or profits of a company. Your browser is out of date! It looks like you are using an outdated version of Internet Explorer. Learners are required to form teams which are given an imaginary sum of R1 000 000 each to invest in JSE listed shares.

Online trading offers investors a convenient trading platform. All you really need is a personal computer and access to the internet. You also stand to benefit if the company does well as the value of your investment will grow over time. Investing through a fund or unit trust provides a way in which you can invest a small amount of money but have access to a range of shares through the medium of collective funding pool. There are great prizes for winning teams including the opportunity to visit a stock exchange in another part of the world. This is an educational youth programme aimed at introducing high school learners and university students to the world of investment by teaching them the fundamentals of investment method. ETFs passively track a particular stock market index, such as the FTSE JSE Top 40 which is made up of the biggest companies listed on the JSE. You need to decide whether to have your trading account managed by a full service stockbroker who makes investment decisions on your behalf or one that merely buys or sells shares at your request.

While online trading is growing in popularity, stockbrokers are still the preferred way to trade shares. If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled. By doing so you will be better equipped to make informed investment decisions. Start your investment journey by consulting an accredited financial advisor. ETFs may be a good introduction to the stock market as this allows you to invest in a basket of shares rather than purchasing a single share. We strongly urge you to update to a newer version for optimal browsing experience. To start investing without first examining your finances is like jumping into the deep end of the pool without knowing how to swim. For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Choosing a financial advisor is a big decision and the type of advisor that is right for you depends on the amount of time you are willing to spend on your investments and your risk tolerance. Not all stockbrokers deal with small investment amounts so you will need to find a firm that focuses on the private investor. The price of a company share is consolidated from the value, profitability and performance, amongst other factors, of that particular company that issued that share. Would you pay a specialist R1 000 per minute? Thank you for your patience in this regard. To hedge this risk, the investor could purchase currency futures to lock in a specified exchange rate for the future stock sale and currency conversion back into euros.

PanamaPapers, says Ernest Mazansky. Mabyanine Phiri, portfolio associate at ACM Gold. Although derivatives trading can be rewarding, it is important to carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. Phiri said no one should trade derivatives unless they are experienced traders with the knowledge, risk control and financial capacity to trade such instruments. Speculators attempt to make profits by taking a view on the market and if their views are right they make money and if wrong they lose money. Applications for the Chivas Venture 2018 are now open in South Africa!

If you ask ten different asset managers or investors what a derivative is, you are more than likely going to receive just as many answers. The financial market is a network where buyers and sellers trade financial instruments like shares of companies and derivatives. Derivatives is a buzzword that is often misused or misunderstood. We sincerely apologise for any inconvenience caused and hope to be up and running again this evening. Post it on our Money Clinic section and we will get an expert to answer your query. The risk of loss of money in trading futures contracts or commodity options can also be substantial and investors need to understand the risks involved in taking leveraged positions. It is important to note that trading derivatives comprises of major risks.

The JSE trades derivative products mostly on the equity derivatives market, currency derivative market, commodity derivate market and on the interest rate market. Do you have a pressing financial question? Speculators are willing to bear risk that others such as hedgers aim to avoid. Futures contracts, forward contracts, options and swaps are some of the most common types of derivatives. Derivatives facilitate the management of financial risk exposure as they allow investors to transfer financial risk. Madiba for leaders who fail to live up to the standards he set, says Solly Moeng. To find out more about the online trading service and related costs, and to open a new trading account, please access the Old Mutual Online Trading Website. Price data of major global indices.

Customisation of relevant information. The status of orders placed can be monitored directly, along with the status of investment accounts and portfolios. This platform helps investors establish, and personally manage, a JSE share trading portfolio. Price and volume graphs of JSE shares. Prices of precious metals and major currency exchange rates. All trading activity is conducted via secure and sophisticated networks, and trading instructions received are placed in the JSE central order book immediately. JSE prices and price information. Only investors who had bought because they understood it and believed in management would have held on to those shares. These are successful companies that have good track records and you will be familiar with most of them as they are household names.

As you save up additional funds, you could add to your portfolio every few months by purchasing shares outside of the top 20 largest companies. It takes steady emotions, research and a plan. So they have bought the shares at the peak of the market and sold at the lowest price, which loses them money. Invariably, that is exactly when you do not want to invest, as it means the market is getting expensive. For example, the ability to place orders at price, date and quantity of your choice. Virtual Trade Simulator is available where you can learn to trade with a fictitious R1? These can include the next 20 largest companies like Shoprite, Vodacom, Pick n Pay, Bowler Metcalf and Tiger? Once you are ready to expand and buy into the broader range of shares you can move on to the FNB Share Investor platform. This creates the perception that there is not difficult money to be made. But you would have gone through a bumpy ride, which would have seen your investment halve a month after you had bought it. In 2002, if you had invested R5? Firstly, you need to decide if you are a trader or an investor.

Again, make sure you understand the business and that you are not just buying it because of a hot tip. Every month you invest R500 or more and on the 25th of each month, Standard Bank will buy the shares you have chosen from their range of selected shares, which includes the 100 largest companies listed on the JSE. There is also a lot of research on these companies available so you can read up on them and see which you believe is offering the best value at the moment. Capitec on the day it listed at R1. OST is also more cost effective for trades greater than R10? By the same token, there are many small companies that listed on the JSE in the late 1990s which no longer exist and which lost investors a lot of money. Sanlam iTrade provides modules on how to analyse the macroeconomy and shares, in addition to technical analyses and information gathering on warrants, share analysis and futures. If you feel comfortable about starting to purchase individual shares, you need to have a method in place.

Clients receive daily market commentary and analysis as well as intraday tables with graphs of indicators like JSE indices, global indices, and currencies and commodities. For some people, share investing has a bling value, and people feel if they talk about their shares it gives them status. It is a preferable method to start as an investor and build up a share portfolio. This enables you to learn risk free. This is a great way to start building up a share portfolio. Thereafter, the client registers and continues until they have enough confidence to start trading with their own capital. Online education and interactive training courses are available to empower investors to manage their own investments successfully. This helps narrow down the decision on which shares to buy first.

PSG Online focuses on educating their clients and provides free online tutorials. The higher the debit order amount, the lower the cost as a percentage of the investment. For an investor who is not quite ready to make their own share selection, FNB introduced the Share Saver, which allows investors to invest in exchanged traded funds with a monthly debit order starting at R300 per month. FNB Share Builder allows you to invest in 23 top South African companies. Private client investors get caught up in the emotions of the market. Some of the large companies that unit trust fund managers are currently holding include Anglo American, Sasol, MTN, SABMiller, Naspers and FirstRand.

They provide bimonthly webinars that cover a range of topics, including fundamental and technical analysis, as well as investment and trading strategies. Most people would choose to do this once the size of the portfolio warrants the use of more advanced tools, and more flexibility in the management of orders. For individuals who are just starting out and are still building their portfolios, Standard Bank offers Auto Share Invest, which allows you to invest with a R500 monthly debit order. Joburg, Pretoria and Cape Town. They bet on tips they hear at dinner parties without thoroughly researching the company they are investing in. PSG Online also offers investment clients the opportunity to receive a FREE bimonthly newsletter called The Investor, in which they highlight one share with its pros and cons. JSE usually talk about the shares they have made money on, not the shares that have cost them. Smaller companies in your portfolio tend to be the most risky because they can still suffer growing pains, however, this is where real money can be made.

Candidates are also required to sign the SAIFM attendance register, which will be kept at each exam venue. Candidates should NOT instruct the bank to automatically fax the payment if paying via EFT. Activities at the end of each chapter are meant to enrich the learning process and to make it more meaningful. Final submission of answers: Once you have reached the end of your examination and there is still some time left, you will be requested to submit your final answers. SAIFM cannot be held responsible if the incorrect learning material is used. If no information is linked to the identity or passport number, the required information must be completed.

This will be proof of the result of a particular module with the score indicated on the printout. Once a candidate has studied the learning material and is ready to take the exam, the exam venue of choice can be contacted directly to book an appointment. Candidates are thus advised to check the SAIFM website for notices that may affect learning material before booking to write an exam. Exams must be taken within 6 months of date of payment. Back: Regress to the previous question without submitting an answer to the current question. In the case of a decision to wait for the cause of the delay to be resolved and start or carry on with the exam, there can be no recourse taken with SAIFM should the outcome of the exam not be a pass. It contains all the information necessary to pass the examination. It is advisable to forward to proof of payment to SAIFM with the required details, thus ensuring it has been correctly done. Lost certificates can be reprinted at a cost.

Such hard copies may be purchased once the exam has been paid for. In the event of a candidate not being able to continue the exam within a reasonable period of time due to a power failure or internet interruption, the exam must be abandoned. If payment is made before 1 August but proof thereof not sent and confirmed received by SAIFM by 1 August, when prices increase, the new price will be applicable. Note that our prices increase on 1 August each year. First time candidates are advised to take the demo exam prior to doing the exam to become familiar with the format and feel of the exam. In the event of any delay in starting or any interruption of the exam, the candidate is entitled to reschedule the exam appointment.

To execute equities trades on the JSE Securities Exchange South Africa, it is necessary to pass the JSE Registered Securities Trader Examination. Should an invoice be required before a payment can be made, an email request can be sent to Hayley Pfeifer or Susan Jansen van Rensburg. The invigilator at the testing centre will unlock the exam session for you. Select the examination you wish to do. An eye should be kept on the timer displayed at the right hand corner of the Examination Title Screen to keep track of time. Arrangements to collect certificates as opposed to receiving them via post can be made with Hayley Pfeifer. Next a screen will appear with all the examinations that you are registered for. Refunds can ONLY be made into a South African or Namibian bank account. Submits your answer for the current question and continues to the next question.

Access to the learning material will be automatic after the payment has been made. The learning material can be downloaded from the Virtual Exam Centre once the exam has been paid for. Any cash payment should therefore be deposited into the SAIFM bank account by the candidate. SAIFM will endeavour, where possible, to accommodate candidates who are unable to secure an exam booking within a reasonable period of time, or if there is no exam venue within a reasonable distance of the candidate. This is the only time that will be available for you to review your incorrect answers and you will not be able to review them at a later stage. This is a valuable skill to have once qualified as a securities market practitioner.

This must correspond with the number used to enrol. If the time runs out, the examination will automatically terminate and the score will be calculated. It is advisable to purchase exams one at a time to prevent forfeiting any fees paid due to time contraints that may arise as a result of unforseen circumstances. Strict email filters and incorrectly supplied addresses could hinder delivery of notifications and SAIFM cannot guarantee that email notifications are always delivered. SAIFM is able to download and print the learning material on behalf of candidates who do not have access to a printer. Progress indicator: Shows you the list of questions that you have already answered. If you have selected an answer, but change your mind and wish to rather leave the question unanswered, select this option. Results of a manual multiple choice exam can take up to 5 business days to be released.

It is advisable to confirm registration in all cases where a credit card payment was not used. The following information is required for the refund to be processed. SAIFM either via fax to 011 802 3476 or via email to either Hayley Pfeifer or Susan Jansen van Rensburg. Cheques that are referred to drawer by the bank will be subject to such fee that the bank may charge. Virtual Exam Centre and proceeding to checkout to pay by credit card through the secure credit card facility. To download the appeal request form, click here. The Exam Title Page will now appear. Exams loaded can be checked by logging onto Virtual Exam Centre using the identity or passport number that was used when enrolling.

Enrolment takes places online via the SAIFM Virtual Exam Centre. It is automatically assumed that these conditions have been read and understood when we receive a refund request. SAIFM staff cannot accept cash payments. This should be taken into consideration when planning to make an exam booking. It is simply a fun tutorial of the exam system. To create or update a profile, select Enrol and enter an identity or passport number. If the database contains information linked to the identity or passport number, the information will display and any changes can be updated. Activities are recommended however as they familiarise one with certain websites that serve as sources of information, enabling one to learn how to research information independently.

SAIFM makes use of an extensive network of exam venues countrywide in order to accommodate candidates not only within the borders of South Africa but in countries bordering South Africa as well as abroad. In other words no time will be lost if the download is slower than normal. Revision of incorrect answers: Upon completion of your exam once the results have been obtained, you will be allowed 10 minutes to review the questions and answers that you had wrong. Candidates are required to present an identity document or passport when taking the exam and will not be allowed to take the exam if no official identification is presented. Loading an exam is not automatic as is the case with credit card transactions and can take up to 2 business days for SAIFM staff to process. Learning material is amended from time to time. They are entirely voluntary and can be skipped if desired. Exam venues are entitled to charge a cancellation fee, which may have to be paid before they will accept another booking, should a candidate fail to arrive for a booked exam appointment, or give insufficient notice to cancel the appointment.

Candidates must ensure that the correct learning material is being studied. In the case of an online exam, the results will be available immediately upon completion of the exam and a printout made thereof. If the learning material is replaced with an updated version that affects the exams or new learning material, notice will be given to registered candidates of the changeover to the new exam. The questions already answered will be deleted and a new appointment must be made to retake the exam from the start. Log in with your identity number or passport number. Should a candidate study from the incorrect learning material and notices regarding updates have been published, there can be no recourse taken against SAIFM. Further information regarding accessing the learning material and updates can be found below. Candidates may therefore, before the changeover date, write an exam based on the old material while the new material will be examined from the changeover date. The system is specifically designed to save any questions submitted so that in the case of a power failure or internet interruption, no data will be lost.

The demo exam has no bearing whatsoever on the learning material. This fact will also be advertised on both www. Should a candidate dispute the correctness of a question or questions, an appeal against the final result can be made by completing and submitting the appeal request form along with the proof of payment of the appeal fee, which must be done within 14 days of the exam. That way, the desired date and time is more likely to be available. The system will keep time in accordance with the downloading speed of a particular Internet connection.