If you want to get rich trading Forex, you may want to read this…

It’s almost akin to gambling.

Mark Wilkes, Head of Risk Trading at Purple Group

If there was a program available I wouldn’t sell it to you!

Mark Wilkes, Head of Risk Trading at Purple Group

Getting it right the first time could be one of the worst things that can happen!

Mark Wilkes, Head of Risk Trading at Purple Group

The Money Show’s Bruce Whitfield interviewed Mark Wilkes, Head of Risk Trading at Purple Group.

Wilkes discussed the following five reasons to be cautious of forex trading:

  • Inherent volatility.

  • There are always two currencies involved – complex relativity.

  • Susceptible to news headlines and fast reaction.

  • There is no such thing as a successful algorithmic program.

  • I don’t trade in currencies, I trade in everything.

Listen to the audio below for more detail on each of these five points.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

How Zambeef became Zambia's largest integrated agribusiness

How Zambeef became Zambia's largest integrated agribusiness

Nikiwe Bikitsha shares the success of a business model which includes activities as widespread as processing food and making shoes

How to successfully pass a business from one generation to the next

How to successfully pass a business from one generation to the next

Succession in a family business often fails. Aurik Business Accelerator’s Pavlo Phitidis on how to make it work…

The value of scrounging (or going into debt) to afford private school

The value of scrounging (or going into debt) to afford private school

The Money Show’s Bruce Whitfield interviews Veritas Wealth Certified Financial Planner Barry O'Mahony.

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.

5 global threats to your bank balance

5 global threats to your bank balance

The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.

Popular articles
Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Dr Chris Smith gives insights on what peaks your interest.

10-year-old girl provides shoes and socks for those who don't have any

10-year-old girl provides shoes and socks for those who don't have any

Rubi Nates wants to help the less fortunate with shoes and socks in her drive and is encouraging others to do the same.

The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

[CARTOON] Poephol With a Taste For Strife

[CARTOON] Poephol With a Taste For Strife

EWN's Dr Jack & Curtis take a look at the Spur confrontation that has taken the country by a storm.

No escaping the tax man even if you work outside SA

No escaping the tax man even if you work outside SA

Government is intending to change the way foreign income is taxed by introducing taxes to a large South African diaspora.

Sale of Tafelberg gets green-light from Cape Town City

Sale of Tafelberg gets green-light from Cape Town City

Despite months of protests and lobbying, affordable housing and redevelopment finally lose the battle for Tafelberg site.

Is Uber dying? Stuff’s editor explains…

Is Uber dying? Stuff’s editor explains…

High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.