This is the analysis that Omar Eltoukhy provided this week for members of my forex mentor group and gave me a decent profit on the Aud! I was too busy to study the markets at the weekend, but having read through Omars analysis I agreed with him and longed the Aud for a nice 50 […]Author information


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

I have coached 1000's of home based forex traders & I am currently developing a high end 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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A Centre for Entrepreneurship (CEF), which will help to develop local entrepreneurs, has been launched at the King Hintsa FET College for Agriculture in Butterworth, Eastern Cape. Launched by Trade and Industry Deputy Minister Elizabeth Thabethe, the centre forms part of the Department of Trade and Industry’s programme to establish platforms with FET colleges to [...]Entrepreneurship centre for students is a post from: South Africa Business



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I made a weeks profit from a few hours research and a couple of hours managing trades this week. In my previous business it took me over 50 hours and 25 employees, ie lots of stress to make the same amount! Forex can be very frustrating but you have to love it when a plan […]

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Hi, this is a copy of the analysis that members of my forexmentorpro.com group receive before the market open on Sundays. I show in Part 2 (the next post) how this analysis gave many 100′s of pips profit and meant I achieved my target before Wednesday. Pay particular attention to the Chf & Cad which […]

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South African companies in the space industry were given a platform to gain international exposure at the recent International Astronautical Congress (IAC) 2013 in Beijing. The Chief Director of Advanced Manufacturing, Aerospace and Defence at the Department of Trade and Industry, Nomfuneko Majaja, said SA’s companies and institutions, which attended this year’s congress, reflected SA’s [...]Exposure for SA space companies is a post from: South Africa Business



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Moscow – Russian Foreign Affairs Minister Sergei Lavrov and his Indian counterpart, Salman Khurshid, who is currently in Moscow on an official visit,...

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President Jacob Zuma will today leave for his two-day state visit to Senegal, which is aimed at boosting the low levels of trade between the two countries.

Zuma will hold this discussion with his counterpart President Macky Sall, where they will exchange views on critical regional and global issues.

The state visit is preceded by the second session of the Senior Officials’ Meeting (SOM) and the Ministerial Joint Commission for Bilateral Cooperation (JCBC), which is scheduled for this morning. It will be co-chaired by International Relations and Cooperation Minister Maite Nkoana-Mashabane.

Trade between Pretoria and West Africa's political and economic powerhouse stands at just over R830 million, with Senegalese exports to SA totalling R12 million.

“The visit will afford President Zuma and his delegation an opportunity to engage with the Senegalese government on specific areas of interest between the two countries. These areas include security, arts and culture, trade and economic development, energy, environment, mining and mineral beneficiation, agriculture, water purification and employment,” said the Department of International Relations and Cooperation spokesperson, Clayson Monyela, on Monday.

Monyela said South Africa and Senegal shared the same view that trade proposals should be specific in order to inform business delegations and facilitate their business deals.

Currently, South Africa is assisting Senegal in the field of electricity production through the Eskom Energie Manantali hydro-electric project, which supplies power to Senegal, Mali and Mauritania.

Zuma is accompanied on the visit by the Ministers of Agriculture, Forestry and Fisheries, Tina Joemat-Pettersson; Public Enterprises, Malusi Gigaba; Arts and Culture, Paul Mashatile; Defence, Nosiviwe Mapisa-Nqakula, and the Deputy Minister of Economic Development, Hlengiwe Mkhize.

The presidential delegation will also include South African business persons, who will attend the South Africa-Senegal Business Forum in Dakar, with a view to promote and expand trade and investment between South Africa and Senegal.

The visit will see the signing of an agreement on arts and culture as well as agriculture. - SAnews.gov.za

Responding to George Osborne's announcement on new Bank of England powers to rein in Help to Buy, Jeremy Blackburn, Head of Policy at RICS, said:


"The range of measures announced under the 'Help to Buy' scheme to kick start the housing market were much needed. However, RICS have cautioned that Phase 2 in particular, extending the scheme in January 2014 to include lending on second hand homes, could increase risk of a 'bubble' particularly in London and parts of the South East.


"This is why we recently called for a discussion on the possible use of 'speed bumps' for the housing market including curbing excessive house price inflation. RICS also called for a concise and clear exit strategy for Help to Buy. We are pleased by George Osborne's announcement today if it helps to moderate the highs and lows of the property market and ensure fair access for all. Additionally, the Bank of England is reported as promising to 'closely monitor' the housing market and intervene if it feels there is danger of a house price bubble.

"Ultimately though, housing supply is crucial to a healthy market. As we recommended in the RICS led Housing Commission, we need a plan as to how government and industry are going to close the housing deficit - through boosting housing supply in all tenures - whether owner occupied, market rent, affordable rent, shared ownership schemes and of course a genuine institutional private rented sector."

The Government is poised to announce next week that "the long-term unemployed will be forced to do unpaid full-time work or lose their benefits", according to numerous media reports this morning.

The policy - expected to be confirmed by Work and Pensions Secretary Iain Duncan Smith at his party's conference - comes just three weeks after the TaxPayers' Alliance published Work for the Dole: A proposal to fix welfare dependency, which called for mandatory participation in community work and training in return for the continued payment of benefits payments.

The TaxPayers' Alliance report, written by award-winning entrepreneur Chris Philp and published on 4 September, provides the most comprehensive analysis of how a Work for the Dole scheme along the lines of those adopted in Australia and the US could be successfully introduced here in the UK.

Reacting to the news, Matthew Sinclair, Chief Executive of the TaxPayers' Alliance, said:

"Our welfare system should support those facing hard times but it shouldn't be an alternative to work. Recent reforms mean the incentive to work has been improved, but further changes are needed to get more people off benefits and onto the job ladder.

"The TaxPayers' Alliance proposed a 'Work for the Dole' scheme as the next stage of welfare reform precisely because it's not fair on taxpayers that some claimants subsist on benefits for years on end without giving something back.

"Ministers must insist that claimants work for the dole, with tougher sanctions for those who refuse, to ensure a better deal for taxpayers and change the lives for the better of people who have been abandoned to welfare dependency for far too long."

So there you are……you’ve done your homework……and taken the trade. *You found a great spot for entry, all signals were go, and you entered the market. *Within a few minutes of getting in the market though, you find yourself in drawdown. You have a 50 pip stop and before you know it, you are half-way […]

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