LTG GoldRock - The Ultimate Solution for Forex Traders

The ultimate solution for Forex Traders

 

Posts by Date: April, 2010

April 28th, 2010
Forex Classroom

The #1 Reason why traders succeed in Forex

Today I want to share some vital information that is going to make a huge difference to your tradingSuccess and Failure Sign (if you do it), and it is the truth about what it takes to succeed in Forex. And we want you to succeed. So please take 5 minutes to read this important note.

So what is the difference between those who succeed in Forex trading long term and those who don’t?

Here is the cold hard truth…

  • They haven’t developed the skills that actually pay you in Forex.
  • They may have the good intent, the passion , the commitment and money to put into an account
  • But… unless they have the skill they won’t make long term profits.

» Continue Reading »

April 18th, 2010
GoldRock Insider

Are you addicted to trading?

computer_addictionRecently I have been having breakfast as I travel around the country with some traders and it seems that all too often trading ends up engulfing people’s lives. If you are a trader has it engulfed yours?

What I mean is that we are attracted to trading for all the benefits that it offers. Cash flow, working from anywhere in the world, lifestyle, etc etc but it seems that people allow it to control them rather than them controlling it. Don’t get me wrong I was a trading junkie for close to 12 months and often had to use multiple cups of coffee just to stay awake at night as I couldn’t take my eyes off the market.

But finally I figured out what worked best for me, and it wasn’t taking every trade that came around. It is not about quantity it is about quality. That comes with experience and I will pretty much guarantee you that you will look less at charts and the market the more successful you become. You will become more familiar with the right times to look, the markets to watch and how to manage your trading business and you will eventually enjoy all the benefits of being a trader.

Trading should not be life changing, it should simply be part of your daily routine and you need to build a trading plan that not only suits your lifestyle but also what types of trades work best for you. It can be life changing from a financial perspective but unless you manage yourself well, it could very well drive you nuts.

» Continue Reading »

April 18th, 2010
GoldRock Insider

Managing Forex Risk with a Risk Calculator

Risk picThere are a number of factors that will make or break you as a trader and investor, but nothing is more important than being able to deal with money management successfully.

So in this update you can find the Forex Risk Calculator, that I use to manage all of my forex trades.

I’ve also included a link to a video tutorial that will step you through specifically how to use it effectively.

It is only for forex and must be used with in conjunction with meta trader 4 platform. It does not work with any other platform.

CLICK HERE TO DOWNLOAD THE FOREX RISK CALCULATOR

CLICK HERE TO WATCH THE VIDEO TUTORIAL

If you don’t have a meta trader 4 simulation platform here is a link and you can load a demo one to start with that will show you just how powerful the calculator is. CLICK HERE TO DOWNLOAD MT4

You should never be risking more than 1 percent of your trading capital on any forex trade and the calculator will allow you to do this each time, working out what volume you should be trading for your account size and currency pair. Use it properly and it will radically change the way you invest in forex.

I have also included for you a pre-release of the latest Insiders Report for your viewing. Simply click right here.

April 1st, 2010
LTG GoldRock

Is LTG GoldRock a scam? Is Forex a Scam? Read this….

scam alert picSomeone might consider LTG GoldRock a scam because Forex trading can often get a bad rap from those folks who unfortunately can’t make money as a Forex investor. But consider this…. Forex is the largest financial market in the world (over 3 Trillion dollars a day) and is used by reputable banks, institutions, hedge funds, private investors and central banks to make hundreds of millions of dollars of profits. They have no secrets we can assure you of that. What they have is a professional team around them and a very businesslike approach.

The LTG GoldRock trading team have decades and decades of experience and it’s Trading Room Director has worked and traded at some of the largest trading rooms in the world, such as Societe Generale.  As an LTG GoldRock customer you are using the same tools and techniques the most successful Forex investors use. The Forex market itself is all about the simultaneous buying and selling of money which is openly traded on the world markets every day. Scams can occur when small investment companies, brokers or educational companies try and pitch Forex as a get rich quick product and over promise high returns that are completely unrealistic. Successful Forex trading is all about capital preservation and taking a long term approach to investing with great money management and a sound and disciplined trading plan.  It is not rocket science.

Foreign Currency trading is the biggest money making machine in the world and if you are considering investing in Forex you need to ensure you know exactly what the market is all about, the risks, the returns and ensure you are trained by licensed professionals who can guide you on everything you need to know.

Forex is risky if you don’t know what you are doing. Most amateur Forex traders don’t understand how to calculate and manage risk successfully and trade too much money and rather than risk a maximum of 1% per trade, end up risking sometimes 100% of their capital and wonder why they can’t make money. Losing money does not mean something is a scam.  Here is how LTG recommends traders deal with losses which are inevitable as a currency trader.

It is simply the cost of doing business, but the cost must be minimised, so therefore we always use a risk calculator to measure our risk before we enter any trade. For example, our clients calculate a 1% risk on capital on a single trade (that is $10 on a $1000 account balance ) and if we place multiple trades they will risk just 0.05% under our recommendations. So therefore if you had 3 trades entered and all 3 fail, the risk would be only 2% of you entire capital. 2% of $1000 is $20. This assists traders deal with the emotional side of losing money, so they can continue to follow the trading system and plan.  As we cannot get our decision correct every time, the only way to be able to continue to invest and trade diligently and professionally like the bank does, for years ahead, is to risk little, chip away with small investment sizes and persist. You can become extremely wealthy trading Forex taking a “get rich slowly” attitude.

Some of the testimonials regarding Forex winnings are almost unbelievable.  Are they realistic?  Should I expect the same results in the same amount of time?

Yes they are real and they are realistic, but only for those that spend time to learn how to trade Forex with capital preservation and risk management as their #1 key objectives. You should not expect the same returns after just a few months, however provided you dedicate yourself to learning the professional skills, money management and systems of successful forex trading, these sorts of results are a real probability for you in time. Everyone learns at a different pace, therefore the rate of return even when you do the right thing will be different from trader to trader.

All Forex signal systems have wins and losses.  How can you ensure a signal 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. http://www.ltggoldrock-scam.com/