Category: ‘Trader of the month’
Trading Confidence from taking One Step at a Time…
Angela has focused on the success of one type of Trade and will soon be introducing a 2nd trade into her successful trading plan.
Angela Dart earned 7.4% Return On Investment in July…. What have you earned so far for August? Entries Open of August Trader of the Month on the 1st of September.
Hi, my name is Angela Dart and I am married and have two gorgeous children.
I have been a member of LTG GoldRock since October 2009. I have had my ups and downs with trading while learning and now since I have settled down and started working to a plan I have been making consistent profits each month.
I am currently only using one trade which works in with my lifestyle. Now I am very confident with that trade I have included in my plan this month to start learning another trade, which I am very excited about.
Best Wishes,
Angela Dart, Hervey Bay QLD, Australia
The GFC helped guide Tim Meece to think outside the box…
Tim has appeared in a couple of Trader of the Month Leaderboard’s. But what’s his secret and how did he achieve 8% Return On Investment last month? Read on to learn more about Tim and what makes him tick…
Tim’s Background
With respect to my background, I am an electrical engineer and patent attorney in the U.S. I had very little trading experience and had no experience trading currencies, but I had always been very interested in trading currency.
My interest started because of the government’s irresponsibility in the way that it handled debt. Fundamentally, I never understood why the U.S. government consistently spent more than it collected in revenue. Families cannot get away with this. Why should governments? Further, to me, I thought that the issue of deficits were simply a symptom and the bigger issue was the national debt, which the government continued to ignore. » Continue Reading »
Marion Gallow our 3rd Place winner for July with 21.8% ROI
Marion won 3rd place last month with a fantastic Return of 21.8% on her Trading Account in July.
I started trading in Nov 2009 and have been taking my own trades in the last couple of months and sticking to my trading plan. I have had two successful months out of three.
I have taken advice from all the moderators and come up with a trade that suits me. I like trades that have a bit of momentum, as I prefer not to be in them for hours on end.
I would like to say that the moderators are all fantastic and I have learnt so much from all of them. My only regret is I don’t get to listen to Lorrie much as she comes on at the wrong time for me, but always thoroughly enjoy it when I do wake up in the middle of the night or early morning and tune in to her. She really is a fountain of knowledge.
I am really enjoying being a member of LTG GoldRock as it has so much to offer.
So a big big thanks to all of you and keep up the good work.
Regards,
Marion Gallow, Northern Territory Australia
Taking Less Trades Can Pay Off
David Papp our 2nd Place winner of Trader of the Month for July increased his Trading Account by 41% Return On Investment by taking a more ‘relaxed’ approach to his trading…
“I’ve been trading forex casually since LTG GoldRock was launched. The best advice I received, and it’s the most difficult for me to follow, is that trading has to be boring.
I do my best when I don’t really care about the money I trade, and when I don’t mind staying out of the market. When I started trading I was very determined to make money and took way too many trades, most of them losers.
These days I check the charts once or twice a day and if I don’t see anything I like, I stay out of the market and give myself a pat on the back for having the self control NOT to click that button.”
– David Papp, Victoria Australia
Juan Trujillo’s Trading Journey
Juan won the 'Best Risked' Trader for July
I joined LTG GoldRock at the end of August 2009 and started trading live as soon as I had setup and funded my account.
I have attended many trading seminars and courses and traded shares, CFDs and Futures on and off over the past 15 years and I felt that I had enough experience to handle trading larger volumes in FX, so I started trading $10 PIPs. I had mixed results, but eventually I started having larger losses and after only 3 months, I managed to blow almost half of my account!
I realised that I had to change something or pretty soon I would have nothing left in my trading account. I went back to basics and started using a rough calculation of between 0.5% and 1% risk of my account for each trade. This had an immediate positive effect on my trading and I started having more successful trades and reducing the size of my losses.
Soon after this, LTG supplied us with a copy of the Risk Calculator, which I started to use for every trade I placed.
By March 2010 I had stemmed the losses and April 2010 was my first profitable month. Every month since then has been profitable and I have recovered almost all my losses.
In the early stages, I was taking almost all trades called by Dom, Marina & the Chief, but soon started to develop an affinity for a couple of the trade setups and became more selective with my trades. » Continue Reading »
Our Top Traders of the Month for July
Well this month’s Trader of the Month has brought forward a number of very competitive entries with lot’s of new faces and stories to share.
Someone who has learned his lessons the hard way and is now seeing some consistent returns is our ‘Best Risked Account’ winner Juan Trujillo. Juan joined LTG GoldRock just under 12 months ago and has committed some of the most popular trading mistakes but is now enjoying consistent trading returns and earned 16.39% ROI in July.
We will be featuring Juan’s story and some of his advice to other traders in the coming days.
- 1st Place Prize of $1000 for the ‘Best Risked Account’ - Juan Trujillo who achieved 16.39% ROI last month
- 2nd Place Prize of $500 for the Highest Return On investment Account – David Papp earned 41% ROI in July
- 3rd Place Prize of $200 – Marion Gallow increased her trading account by 21.80% ROI.
The following traders have won $50 Trading Cash each plus exclusive online access to the 2010 Gold Coast Conference for the next month. RRP. $59 (Total Prize Value $109) » Continue Reading »
Gerard DeJager’s Trading Journey
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.
Ken Buncharoen’s Trading Tips
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 »
Strategy and Statistics – a winning formula.
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 »
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