Talking with Traders

In this episode, we start our discussion on the most common pitfalls that we all encounter when it comes to managing our money. I’ve dedicated the entire episode to one of the biggest pitfalls there is – financial illiteracy.

To help you get to grips with the topic, I chat to certified financial planner Wynand Gouws. He works for the award-winning Gradidge Mahura Investments. It’s great to get his perspective on just how pervasive financial illiteracy really is. He works with clients from a wide range of different backgrounds and education levels – and many of them struggle with understanding the basic concepts of financial literacy.

If you’re interested in reading more about the studies and reports I mention, you can find them here: http://www.brightrock.co.za/content/downloads/fsbfinancialliteracyinsa.pdf

https://businesstech.co.za/news/lifestyle/665081/price-shock-for-south-africa-as-food-inflation-hits-highest-point-in-14-years/

If you’d like to get your hands on Wynand Gouws’ new book To 100 & Beyond, you can find where to buy it here: https://www.penguinrandomhouse.co.za/book/100-beyond-how-make-your-money-last-long-you-do/9781776390267

You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/inflation-and-compound-interest/

Or watch to the video version of this podcast: https://www.youtube.com/@NudgingFinancialBehaviour

Special thanks to everyone who has helped put this series together:

Our sponsors: IG Markets South Africa

Producer: Faeron Wheeler of F Creations

Music by: Neil Leachman

Sound recording and mixing: Giovanni Serci of Soundcast Studios

Video and editing: Kyle Wesson

Hair and makeup: Ida Webster

Set styling: Michelle Murray of Interiors Etc.

Voice over: Sizo Mphti

In this podcast, you’ll learn all about what really impacts the way we make decisions – in particular, decisions about our finances. It’s a deep dive into behavioural finance and how this academic field of study can be applied to everyday money decisions.

In episode one, we’re focusing on getting to know each other and the subject matter. You’ll learn some of my background as an academic and professor at the University of Cape Town. I also run my own company called, you guessed it, Nudging Financial Behaviour.

As part of the getting to know you phase, I speak to Rob van Eyden in this episode. Rob is the CEO of IG Markets South Africa, who is also the sponsor for this podcast. I also hit the streets to find out what people know about behavioural biases.

You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/behavioural-finance-podcast/

Or watch to the video version of this podcast: https://www.youtube.com/@NudgingFinancialBehaviour

Special thanks to everyone who has helped put this series together:

Our sponsors: IG Markets South Africa

Producer: Faeron Wheeler of F Creations

Music by: Neil Leachman

Sound recording and mixing: Giovanni Serci of Soundcast Studios

Video and editing: Kyle Wesson

Hair and makeup: Ida Webster

Set styling: Michelle Murray of Interiors Etc.

Voice over: Sizo Mphti

Stephen Hoad is a seasoned trader and founder of The Stop Hunter. He’s worked as a trader at some large global institutions in various capacities which enabled him to “retire” at 37. He’s a member of the Society of Technical Analysts in London and is a lecturer on the STA Diploma course. In this podcast, Stephen tells of his approach to trading and his philosophy around risk management. He also discussed how he achieves balance between trading and living life. As you’ll hear, he lives and breathes trading and is truly passionate about it.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

Siam Kidd first appeared on Talking with Traders in 2020. He’s a former air force pilot, turned trader. He’s mostly focussed on trading cryptocurrencies due to their liquidity and high levels of volatility. In this podcast, we discuss how the volatility in crypto has helped and hurt him in the past two years. We also discuss the US Dollar and the intermarket relationship with other risk assets.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

David Keller began his career at Bloomberg in 2000, just when the tech bubble was beginning to burst. He spent 8 years there and then went on to Fidelity as a technical market strategist. He now works as the Chief Market Strategist at StockCharts.com. In this podcast, we discuss how he uses technical analysis as part of a 4-part process to analysing markets. David also studied music and psychology – two surprisingly useful fields that can be applied in financial market analysis. He discusses why.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

Alan Edward, better known as The Divergent Trader, appears on the podcast for the second time. In this podcast he delves into the importance of becoming aware of your thinking loops in trading. If you’ve ever found yourself watching every tick on a trade, or examining the chart over and over in the hope that the price might move in your chosen direction, then this podcast will talk to you. He also discusses the importance of having a life outside of trading so that it doesn’t become all-consuming.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

This interview is different from most of the others we’ve done on this podcast. The topic under discussion is trading in carbon credits and carbon allowances. James Heal is the CIO of Transition Net Zero Advisors in London and is an expert on the subject. In this interview, we delve into what carbon credits are, why they exist and where they can be traded. James also gives an understanding of the market dynamics for carbon and why he is bullish on the price of carbon allowances into the rest of the decade.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

I last chatted to Mike Ledwidge in January 2022. Since then a lot has changed in the markets and in his personal life. He has recently become a proud father to a baby boy, and he’s moved to London in the past year, from Cape Town. The market has also changed a lot in that time. When we last spoke in January 2022, the S&P500 was at its all-time high. It’s been in a general bear trend since then. In this interview, I catch up with Mike and discuss how the past year has treated him, and how he has adapted his trading routine to fit in with family life and different macro-economic conditions.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

Steve Ward is highly regarded in trading circles for his focus on mental edge coaching. He deals with top institutional and hedge fund traders. Having begun his career in the mental aspects of sports coaching, he transitioned to coaching traders in 2005. He’s written 4 books, the most recent of which is Bullet Proof Trader. He’s also the brains behind the Traders Mind Journal – a regularly updated journal for traders to track their mental process. This interview provided great insights into the mental aspects of trading and is a must listen for anyone interested in getting on top of the mental aspects of trading.

Steve Ward has kindly agreed to offer a £5.00 discount on the price of the latest edition of the Traders Mind Journal to listeners of this podcast.

If you’d like to take advantage of this, please go to www.thetradersmindjournal.com and enter the discount code TWTPOD5 to get your copy with a £5 discount off the retail price.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG

JC Parets is the chief strategist at AllStar Charts. In this podcast, he talks about his approach to markets and to investing in general. He’s an interesting guy with stakes in a variety of business interests outside of the financial markets. We discuss how he manages to position himself on the right side of the exchange of profits and losses in the market. We also talk about his love of wine and his project to create Chateau Fibonacci Cabernet Sauvignon in the Napa Valley.

CFD losses can exceed your deposits. IG Markets South Africa Limited is an authorised FSP No 41393 and an over-the-counter derivative provider. Facebook · IG