March 29th, 2010
LTG GoldRock
LTG GoldRock’s members are taught from day 1 that the most important aspect of long term investing in the Forex market is risk mitigation and capital preservation.
Traders who lose money consistently in Forex trading are generally those traders who do not have a long term view of investing, look short term, trade too much money and risk too much. It is LTG GoldRock’s goal to teach every member that when you start to trade Forex, if you understand and take action to manage risk, long term success as a Forex trader becomes a realistic and very real probability for all traders.
Unless you are a savvy and successful trader with consistent sustainable profits, there is no need for any trader to open and fund an account in Forex with more than $1000. The aim is to generate sustainable profits first, then add to your account to trade larger sums once you have grown your account and sustained profits. You can add whatever funds you like to your trading account at any stage however it makes no sense to trade with larger sums, more than $1000to begin with. Prove sustainable success and then add more to increase the profit objective. » Continue Reading »
March 23rd, 2010
LTG GoldRock
What guarantees are there?
Just like all forms of investment, there are no guarantees and in Forex trading, long term success is attributed to good money management and a committed and disciplined approach to the system you are trading. Successful Forex trading is about learning probability which is doing the best we can to stack the odds on our side with well informed experienced investment decisions. When you learn to appreciate the power of probability there is a lot of money to be made as a Forex trader, but there are no guarantees.
Who is responsible for my losses?
You must always take full responsibility for your actions as a trader and be honest with yourself at all times, and this is vitally important as you build your knowledge and skill over the coming months and years ahead.
Any trade you take, you must understand the risk and accept the risk that you are taking on each trade. You need to be completely comfortable with the risk and accept complete responsibility for any trade result, whether positive or negative.
Money management is the key to success long term.
All Forex signal systems have wins and losses. How can you ensure a signal system system or LTG GoldRock is not a scam and won’t blow my wallet? LTG GoldRock has many winning months some as high as hundreds of points of profits all delivered in an online live trading room where you can learn and trade with us in real time. But we highly value the “art” of trading and try and instill a solid training system in our traders with great risk management.
March 12th, 2010
GoldRock Insider
This has to be one of the best trading books ever written.
I have read it numerous times so I decided recently to summarise it for you so here it is. Enjoy!
In a nutshell:
*The mental aspects of trading are far more important than any trading system.
* When you control your mind, you can control your trading results.
*Consistency should be the number one aim of traders.
*Our beliefs affect our results.
There is a widely held belief about trading that technical systems- particular set ups, entries and exits, and ’secret formulas’ are the key to trading success.
In this classic book by respected trading coach Mark Douglas, this belief is crushed by the reality that it’s our mental processes that really ensure victory in the markets. Douglas points out that trading sytems that can produce a positive result are a dime a dozen, yet over 90% of traders lose money. The reason? The mental side: lack of discipline, poor trading rituals, unstable mind and ultimately lack of self belief. Douglas then presents a mental regimen that enables traders to make money consistently, almost regardless of the particular trading methodology they are following. » Continue Reading »
March 2nd, 2010
Forex Classroom
I have some exciting updates for you that come from some serious players in the Forex market.
Currently I am in London speaking with some UK traders and I will give you a report towards the end of the week on anything I believe to be of tangible value for you.
Until then one of our LTG GoldRock Directors is in Arizona USA attending an advanced 2 day workshop with some of the world’s top investors. He sent me an email overnight with the following comments hot off the speaker floor. The major players are saying this… » Continue Reading »
