This is Friday mornings round up of the week’s markets from Pierre Du Plessis, one of my fellow mentors at Forex Mentor Pro.com*Pierre posted earlier in the week what he was looking to trade and why and kept members updated in the forum. Today he shows you what trades he took (only 2) that enabled […]Author information


Marc Walton
Author, Home Based Forex trader & Mentor for Over 10 Years

I have coached 1000's of home based forex traders. Currently developing a professionals trading course here at the Forex Training Academy with ex hedge fund trader:Fotis Papatheofanous, 20 year veteran trader & psychologist: Rich Friesen & former student of mine, turned full time trader & now a mentor::Omar Eltoukhy
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Pretoria - At 11am this morning, the Johannesburg Stock Exchange (JSE) paused trade to mark the passing of former President Nelson Mandela.

In a statement, the JSE said it was saddened by Mandela’s passing and that the pausing of all JSE markets trading was a sign of “deep respect” for Mandela.

President Jacob Zuma announced Madiba’s passing in a televised address on Thursday night.

Mandela spent almost three months in hospital this year after being admitted to the Medi-Clinic Heart Hospital in June with a recurring lung infection.

He was discharged in September and was receiving home-based medical care.

Zuma has ordered that all flags of the country fly at half-mast and remain that way until after the burial ceremony. – SAnews.gov.za

South Africa and China have signed a Memorandum of Understanding (MoU) to strengthen political and economic relations between the two countries.The...

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Chambers Ireland has today called on Government to ensure that the cost of doing business does not rise as a result of the Local Government Bill 2013. The call comes in advance of a meeting of the select Sub-committee on the Environment, Community and Local Government. Speaking this morning, Chambers Ireland Deputy Chief Executive, Seán [...]Bill Must Not Increase Cost of Business is a post from: Ireland Business



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Global Macro-Economic Outlook and Trading Opportunities by Fotis Papatheofanous. This is an example of the detailed global macro economic study that Fotis makes for his high net worth clients, brokers and his own trade plan. He very kindly gave copies to members of my forex mentor group a few weeks ago and has agreed to […]Author information


Marc Walton
Author, Home Based Forex trader & Mentor for Over 10 Years

I have coached 1000's of home based forex traders. Currently developing a professionals trading course here at the Forex Training Academy with ex hedge fund trader:Fotis Papatheofanous, 20 year veteran trader & psychologist: Rich Friesen & former student of mine, turned full time trader & now a mentor::Omar Eltoukhy
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The DWP consultation on pension charging ended on Thursday 28 November 2013, the Government has proposed a pensions cap at 0.75%. Legal & General believes the proposed cap will be ineffective in driving down costs, and not tackle the big problem of legacy pension schemes where savers could be getting a poor deal. John Pollock, [...]Pension Cap Will Cost Savers is a post from: Business UK



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This is an example of the analysis I provide to members of my forex mentor pro group before the markets open. I show how, why & which forex pairs I am planning to trade & those to ignore. The goal is that you can learn to do this for yourself. My most successful students do […]Author information


Marc Walton
Author, Home Based Forex trader & Mentor for Over 10 Years

I have coached 1000's of home based forex traders. Currently developing a professionals trading course here at the Forex Training Academy with ex hedge fund trader:Fotis Papatheofanous, 20 year veteran trader & psychologist: Rich Friesen & former student of mine, turned full time trader & now a mentor::Omar Eltoukhy
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South Africa’s real Gross Domestic Product (GDP) increased by 0.7% in the third quarter of 2013 compared to a revised 3.2% growth in the second quarter, said Statistics South Africa (Stats SA).

“Real gross domestic product at market prices increased by 0.7% quarter-on-quarter, seasonally adjusted and annualised,” said Stats SA on Tuesday.

Mining and quarrying, finance, real estate and business services, the wholesale, retail and motor trade, catering as well as the transport, storage and communication industry contributed to the quarter-on-quarter growth of 0.7%.

Economic activity in the manufacturing industry reflected negative growth due to lower production in the motor vehicle, parts and accessories and other transport equipment division.

“The unadjusted real GDP at market prices increased by 1.8% year-on-year,” said Stats SA.

The unadjusted real GDP at market prices for the first nine months of 2013 increased by 1.9% compared to the first nine months of 2012.

Market expectation was for GDP to expand by 1.2%. - SAnews.gov.za

The South African Revenue Service (SARS) has again recorded a remarkable growth in the levels of tax compliance, with 6.09 million income tax returns...

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South Africa and Turkey should form an alliance to exploit opportunities in their respective markets, says Trade and Industry (dti) Deputy Minister Elizabeth Thabethe.

“Similarities between our countries are striking. As emerging economies we both play a dominant role in our respective regions. The growth of our countries is following the same trajectory and if I compare our Gross Domestic Product (GDP) and GDP per capita, both our countries are affected by the same challenges.

“It is therefore of key importance that we combine our strengths in order to increase the less than impressive trade volumes that currently exist between our countries,” she said.

Thabethe was addressing a business seminar in Instanbul, Turkey, on Monday.

Thabethe is in Turkey with a business delegation on an outward selling and investment mission that kicked off on Sunday.

The mission will assist South African companies to promote investment opportunities, explore joint ventures and also provide a platform to promote South African manufactured products to potential new Turkish partners.

The economies of both countries were complimentary in nature.

South Africa’s ambassador to Turkey, Mazwi Khumalo expressed excitement at the prospect of key joint ventures that were in line to emerge from the business engagements.

“It is clear that the cordial economic relation between ourselves is well worth developing further and your presence here today is indicative of your eagerness to grow this relation further,” he told delegates at the seminar.

“Turkish and South African markets are dynamic and that there is more than one partner to trade with in both of our economies,” he said.

As part of the investment mission, Thabethe held bilateral meetings with the DEIK Turkey-Africa Business Council and the Textiles Exporters Union.

Turkey has invested more than $5 billion in South Africa, said DEIK Turkey-Africa Business Council Chairperson Tamer Taskin.

“Our economy is the 17th largest in the world. We have one of the most favourable conditions to setting-up business operations in. Our prices are highly competitive. All these conditions are for your benefit and I urge all of you to utilise our services,” he added.

On South Africa’s side, there is a strong political will to further deepen socio-political ties between the two countries, said Thabethe.

“I hope that this will serve as a platform for business-to-business engagements to flourish,” she said

The investment mission will conclude on Friday. - SAnews.gov.za