July 29th, 2010
GoldRock Insider
As Seen on Yahoo Finance!
New individual traders often feel lost and clueless after they spend a few days trading in the foreign exchange market. Specifically, if you are new to the world of Forex, you often feel under-privileged compared with senior traders and financial institutions, especially the banks who seem to have access to market knowledge that individual traders do not. However, what makes the senior traders and banks so successful is no secret; it’s just a matter of experience and resources. The main factors that distinguish them from the rest of the speculating crowd are their superior trading strategies, expertise in fundamental and technical analysis, swift access to financial data releases and command over Forex signals.
Big Players in the Forex Market
Large international banks and foreign exchange banks are the most active traders on the foreign exchange market, accounting for almost 80 percent of currency trading volume. These big players completely dominate the Forex market in terms of trading. The banks participate in currency trading using their huge pool of clients and their own accounts. 2010 Euromoney FX survey revealed that top ten most active traders including Deutsche Bank, UBS AG, Barclays Capital, Citi Bank etc alone account for 77 percent of Forex trading volume. Needless to say, they dictate the bid and ask prices in the Forex market. » Continue Reading »
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July 27th, 2010
Life of a Trader
Gerard increased his account in June by 47.56% ROI.
Hi, my name is Gerard DeJager and I’ve been a member of LTG Goldrock since June 2009.
I have my own business and work as a Sourcing / Procurement consultant on projects in Australia and Asia. I have been living with my wife and 2 young kids in Melbourne since 2006 after having lived in The Netherlands, Malaysia, China and South-Korea and definitely don’t want to move anywhere else……. Australia is the place to be !!!!
I have gone through the learning curve of trading, lost and won loads of money by taking too much risk and finally after a year I think I am getting the hang of it and trade beyond the calls made in the room.
Thanks to LTG GoldRock I have learned to settle for a disciplined and responsible way of trading that will pay off in the end but not as quick as I thought a year ago. There is no wonder recipe that makes you wealthy overnight. I am spending maybe 20 hours a week trading, mainly mobile trading and my target is 1% ROI per day. My favorite trades are the range and trend trades, but I love to scalp at least 3-4 times a day on the EUR/USD. If I can achieve that consistently I will stop working in 2011.
July 26th, 2010
LTG GoldRock
Ken Buncharoen
From my perspective, country’s economy and news have influence on price of currency. I will always try to follow news of currency pairs that I trade, determine impact of each indicator and predict short term trend from minute to week trend. I like to trade major currency pairs with low spread like AUDUSD, EURUSD, USDJPY and USDCAD.
Therefore apart from taking trades from LTG’s indicators, I also trade high important news. I like to trade high important news because it can move price by 20 to over 100 pips within few minutes. If you can predict the trend, enter and exit the right time you can get good return in short time. There are many good Forex’s high important news analysts available on internet that you can Google.
One of recent high important news is on CAD Employment Change and Unemployment Rate. » Continue Reading »
July 21st, 2010
GoldRock Testimonials
Daniel Fitzgerald made 7.74% ROI last month and will no doubt keep growing his Nett Profit.
Dr Daniel Fitzgerald is a 28 year old Aerospace Engineer, graduating from the Queensland University of Technology in 2002.
He followed for the next 3.5 year completing a PhD in the autonomous aerial vehicle area, with particular focus on artificial intelligence and automated algorithms. He has worked with the CSIRO and some other private companies in this area. He is currently in a project manager role in Brisbane with a research centre.
He has a huge passion for the stockmarket, being introduced to it several years ago. Since then he has focussed on learning as much as possible about the markets. Initially focussing on eminis, he has in the past 9 months moved focus onto the forex market. Having programmed computers since an early age, and being highly motivated and excited in working out patterns in the market, Daniel spends a lot of time backtesting his strategies on historical data.
“My basic approach is to develop a strategy on different timeframes, allow sufficient enough data to ensure that the results are statistically significant, so as to hopefully produce a strategy that has a positive expectancy when traded live in the market.” » Continue Reading »
July 20th, 2010
GoldRock Insider
Kerwin Rae shared some of his marketing secrets
I recently had the opportunity to speak in Portugal to a group of successful investors and business owners who were at a conference called the Billionaire Boot Camp. During the course of 7 days the attendees effectively studied how Billionaire’s run businesses, how they think, how they act and how they make what seems like consistent successful decisions. I was simply there to share with the attendees the power of learning about the Foreign Currency markets and share with them my views on the current market conditions and how they can best take advantage of learning how to trade Forex.
Now I am not professing to know how all Billionaire’s operate but I did share with the attendees how some of them go about considering financial decisions. What sets successful people apart from the rest is simply the decisions they make in life and business and the ability to make the right decisions at the right time.
This often comes down to a simple set of questions.
- What is the cost?
- What is the return?
- Can the return keep paying me for the same cost?
These are 3 simple questions are what many successful people ask themselves when making a financial decision. » Continue Reading »
July 19th, 2010
GoldRock Testimonials
Karina with her two daughters
Karina Banhuk came 5th last month in our Trader of the Month competition with a total net Return On Investment of 30.08%.
I’m a single mum of three working only a few hours a week (paid work that is) and alot of my free time (when I get it) is spent backtesting trading plans.
The best advice I can give is to only trade plans you’ve backtested and proved to yourself that they work and to make sure you take every trade on that plan in order for the probabilities to play out. If you’ve tested them yourself and had a few stops it will give you the confidence to take that next trade.
July 16th, 2010
LTG GoldRock News
Richard Duncan is definitely a fan of the Risk Calculator
Congratulations to Richard Duncan who was our ‘Best Risked’ Account winner for June, he has won $1000 to add to his growing Trading Account.
Richard joined LTG GoldRock in Oct 2009…
I have found LTG GoldRock’s education and training to be really great and it has been a huge learning curve for me. I made some big mistakes in the beginning, but when I made a plan for my trading things started to change for me.
You take small steps to start off with and do not leap into it. I am really looking forward to the journey. I use my mobile phone to trade with as I work outside which is a great tool.
Risk Management and not trading beyond his means is an essential part of Richard’s Trading Plan. If you are yet to download and learn how to use the Risk Calculator then I strongly urge you to do so. » Continue Reading »
July 14th, 2010
GoldRock Testimonials
Shawn achieved an incredible 143% ROI last month trading Fx and added a 1st prize of $1000 to his trading account.
Hi there, my name is Shawn. I am 43 years old and have been a machinist for the best part of my working life. Before hearing about LTG GoldRock, I didn’t even know what Forex Trading was. I did a few of the lessons and tried to get up to speed with the FX Market.
I traded a demo account for 2 months and June was my first live month of trading. I try and take all the LTG GoldRock trades and mainly do all my trading via mobile phone which usually makes it hard to monitor the market completely.
I am trying a few of my own strategies and am having fun doing so. The best advice I can give is to always use a stop loss. I definitely want to replace my income and believe this is the road for me.
Enjoy the ride… Shawn Kolman, Western Australia
