[LISTEN] Personal Finance Feature: This is why trading is tricky!

In the personal finance feature, certified financial planner Paul Roelofse chats about the difference between investing and trading.

Roelofse says that Forex trading is an intriguing way to make money because it sounds cool, but it can also be disillusioning.

Trading is betting on an outcome in a very short space of time.

Paul Roelofse, certified financial planner

Currency trading is one of the largest markets in the world because it presents an opportunity to make money quickly says the certified financial planner.

He adds that in currency trading, you can make or lose money depending on the changes within the transactions.

All these uncertainties and variables change the overall outcome, and make it very difficult to head in the direction right says Roelofse.

If you want to go into that space there are a lot of pros and a lot of cons as well.

Paul Roelofse, certified financial planner

Click on the link below to hear about the pros and cons of investing…


Recommended

by NEWSROOM AI
Read More
Does it matter if you get pregnant after 35?

Does it matter if you get pregnant after 35?

'When it comes to the issues of pregnancy, there are risks related to the advance in age' says Dr Fundile Nyathi

Psychologist's tips on dealing with rejection

Psychologist's tips on dealing with rejection

'When rejection happens it changes our sense of how we see the world in which we lived,' says psychologist Khosi Jiyane.

'My father pushed me to be the best'

'My father pushed me to be the best'

'For me, It is not about fame and fortune, you have to have passion for this industry.' says Desiree Ellis

[LISTEN] Why is contemporary art booming in Cape Town?

[LISTEN] Why is contemporary art booming in Cape Town?

'Cape Town art eco-system is vibrant' says Mary Corrigall - Founder of Corrigall & Co

Why the rand is trading at a near 5-month low

Why the rand is trading at a near 5-month low

The Money Show’s Bruce Whitfield interviews Rand Merchant Bank Currency Strategist John Cairns.

How to trade shares on the stock exchange (an absolute beginner’s guide)

How to trade shares on the stock exchange (an absolute beginner’s guide)

The Money Show’s Bruce Whitfield interviews Personal Financial Advisor at Galileo Capital.

Popular articles
[WATCH] Refentse Morake continues breaking cultural barriers through his music

[WATCH] Refentse Morake continues breaking cultural barriers through his music

The singer who says he's 'on the border of being Afrikaans and being African' joined Azania Mosaka for this week's #702Unplugged.

Trouble in the bedroom? Dr Shingai answers men's sex and baby-making questions

Trouble in the bedroom? Dr Shingai answers men's sex and baby-making questions

Urologist and sexual health guru Dr Shingai Mutambirwa fielded several questions from listeners on sexual and reproductive health.

What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Eusebius McKaiser facilitates a debate on whether or not American actor Jussie Smollet faked his own attack.

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

Khabazela shares tweets and Facebook posts that have gone viral.

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

Vele Investments CEO Robert Madzonga's estranged wife Khosi shares her side of the story on the VBS saga.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.