Be in control of your own money!

[Dave A]

I know there was a CD, not sure if it was an app or training etc, doing the rounds a couple years ago at R10 000 a pop

I think it's still doing the rounds. Or possibly something like it. The one I saw was based roughly on identifying buy opportunity signals using crossover points of moving averages. Part of that deal was your buy-in and accordingly your return was massively leveraged through financing too.

The problem to me (apart from the inherent risk of misreading signals) is the whole strategy is one of a speculator rather than an investor.

[Amado]

I was under the impression that banks made money trading forex and not shares?
Unless it was to go short?
But then all very high risk.

[Dave A]

Banks also make money lending money and on stuff like this I'm sure they get a handsome rate. Rest assured it's the trader's neck on the line here, not the bank's.