Entering the JSE

[gordo]

HI guys

Im really interested in buying stock on the jse and i have made myself an account with standard bank to do just that. . .Problem is that im not sure what stock to buy and whem to buy and sell and stuff like that. do any of you buy and sell stock and can maybe give me a push in the right direction? i would appreciate it

[daveob]

Hi Gordo

Do you have any software that lets you look at the trends, historical data, technical indicators, etc ?

Or are you wanting to base your decisions on fundamental info ?

Are you looking at equities, unit trusts, warrants, CFDs or Spreads ?

[AmithS]

Also are you looking at trading as opposed to investing

i.e. buying and selling on a daily\weekly basis to make quick gains or buying to keep for a few years?

[rfnel]

Gordo, how does this Standard Bank account of yours work? I'm interested in trading shares myself, so I'll be watching this thread with interest.

[daveob]

Gordo is most likely using : https://securities.standardbank.co.za/ost/

[gordo]

Hi Gordo

Do you have any software that lets you look at the trends, historical data, technical indicators, etc ?

Or are you wanting to base your decisions on fundamental info ?

Are you looking at equities, unit trusts, warrants, CFDs or Spreads ?

No dave im hoping that standard bank will provide me with the trend,historical data etc .

It looks like you really know what you are doing in terms of the stock market. Ive been reading up on it but its not the same as actually

doing it yourself. So as soon as my account is set up (it takes 2 days) then im gonna get busy. Im gonna have to read up on equities, unit trusts, warrants,CFDs

and spreads, cos I dont know much about it. Taking it slow but I'll get there sooner or later.

[gordo]

@rfnel I went onto my internet banking account with standard bank and went to the auto share invest tab. registered myself and bam, done. but im not too sure how it works yet and how well it works because I gotta wait 48 hours before my account is made completely.

[gordo]

Also are you looking at trading as opposed to investing

i.e. buying and selling on a daily\weekly basis to make quick gains or buying to keep for a few years?

Im definately gonna do swing trading,that seems more suitable to my current situation.

i.e buying and selling on a weekly basis.

[Dave A]

Im definately gonna do swing trading,that seems more suitable to my current situation.

Aaah. A gambler.

Good luck then

[Pap_sak]

Good luck Gordo!

My wife and myself both use absa stockbrokers - at the time the offered the best deal as long as you made 4 trades a year. you will need fairly deep pockets to trade weekly and make money - because of trade fees (buying and selling) I am guessing your trades will need to be at least R20k per trade or more to make that worth while.

moneyweb.co.za is a great website to do research

my wife has done well (over a year) with Pioneer, SAB, Shoprite and Capitec - around 20 - 25% over the year (plus dividends!!)

I, err, go for more risky shares (besides capitec) and am sitting on even.

[gordo]

Thank you so much papsak. That is the only website I have found that gives you that hard facts, others just beat around the bush. this is gonna make things much easier for me.

[gordo]

i been monitoring mr price shares lately, and i think its a good investment. but the fact is that you cant go into the stock market with only like a grand. the broker fees kill you. you have to enter with like 5 or 10 grand to really have a chance at making money. so for now im just watching from the sidelines.

[jjdewet]

Hi Guys,

I just joined the forum and started fooling around when I found this thread...
I am a trader working at brokerage house in Pretoria. I'll list a few usefull websites below.

One important thing is that when you want to invest (6 moths + investment horizon) trading shares are the best. When you want to trade frequently, the cost of trading in shares will kill you. Using SSF (Single stock futures) or CFD's is the best for trading in the short term. SSF en CFD's are derivative products and are much more riskier than trading in the underlying share.

Usefull websites:

https://www.sharenet.co.za

https://www.moneyweb.co.za

https://www.cnbc.com

https://www.bloomberg.com

https://www.themarket.co.za

https://www.tradingeducators.com

I can also suggest a book by Edwin Lefevre - Reminiscences of a stock operator (based on the life on Jessie Livermore - Regarded as the best trader ever)

[gordo]

thanx jjdewet, out of interest, how do you become a broker? what do you need to study?

[jjdewet]

thanx jjdewet, out of interest, how do you become a broker? what do you need to study?

B.Com would be preferable. The there are a lot of exams that has to be written to become a registered trader on the JSE. You can find details regarding this (RPE Exams) at www.saifm.co.za