LTG GoldRock in Maroochydore, Queensland | Financial service

LTG GoldRock

Locality: Maroochydore, Queensland

Phone: +61 1800 436 739

Address: 14-20 Aerodrome Rd Unit A 4558 Maroochydore, QLD, Australia

Website: http://www.ltggoldrock.com

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25.01.2022 UK and EU agree on a Brexit deal. But

25.01.2022 Warning here comes the low I talked about.

24.01.2022 Like in life, in trading you tend to harp over the opportunities that you missed. As you harp over these lost opportunities, you will miss other opportunities too. The market is like a deep sea, even though you have missed a certain trade, there are still other trades to do. So, if the levels that you were looking for are long gone, look for opportunities in other assets.

23.01.2022 Markets likely to cheer US / China trade deal in the short term.

22.01.2022 Trading is indeed, not an easy vocation. Most people have the misconception that all it takes is a few clicks and money will miraculously pile up in your trading account. Even the most obvious of views will sometimes not show up in market prices. This can be extremely energy sapping and demoralising. However, there will always be periods like this in a career of trading. It is important to get through rough patches like this in one piece, because eventually, market trends will become easier to identify again. The trick is to keep your head down, keep your risk light and size your trades appropriately till easier times are back! Save your risk capital till you get into the right trading rhythm again. Be true to your process and keep calm!

22.01.2022 You will often be inundated with random noise in a market that seems directionless. Sentiment changes on a dime based on headlines that can hardly be anticipated at times. However, in the midst of all the noise, there will be occasions when a clear trend seems to be emerging. When the market speaks, take heed, and take action!

21.01.2022 More rate cuts to come at the US Fed.

20.01.2022 Tuesday's big FX moves are about to happen.

20.01.2022 US Dollar falls 24 hours before Fed rate decision.

19.01.2022 Safe havens rally strongly at the European open.

19.01.2022 These two bankers will move markets today.

19.01.2022 What would you do if you had $100 million to trade with this week?

18.01.2022 This daily infographic provides a quick view of the current coronavirus (#COVID19) situation in Australia. Visit: https://bit.ly/3aHIzN2

17.01.2022 Sterling continues to shine as Boris says he won’t be seeking a Brexit extension.

17.01.2022 Novice traders often aim for the moon when starting to trade, wanting to be profitable and double and triple their capital in a few trades. Little do they know that one of the key steps to becoming successful in trading is to have a trading plan. In fact, a trading plan is so important that not having one is often the reason why people blow up. Now, having a trading plan is just a baby step. Having a plan and not keeping to it is useless. It may sound simple, after all, what... the plan has is nothing but a few rules to follow for risk management. For example, a trading plan can contain steps on when to stop trading. More often than not, people fail to follow their trading plan as their emotions take over while trading. So, if you are just starting out to trade, use your ability to follow your trading plan as a benchmark to determine your success. Profitability is just a matter of keeping to a sound plan with a set of robust risk management principles. The first step to profitability is to ensure that you do not blow up under any circumstances!

17.01.2022 Often, good traders get asked what is the next great trade? And no matter how well they argue for their cause, there will be skeptics in the audience. Why is this so? Generally, what people want is an easy trade a clear entry, no losses and an easy ride. Any great trade that is extremely profitable over the longer run will be punctuated with retracements and periods of uncertainty. That is just the nature of long term trends. Such is the case now in hard assets but hold on to your hats as fundamentals still holds. The strongest hands win.

16.01.2022 It's not a case of if, but when.

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15.01.2022 Many traders fail to consistently make money over the long term because they are obsessed with making money in the shorter term. As a result of this obsession with locking in small profits for the psychological boost of scoring a victory, they end up having a string of trades with poor risk vs reward. That means for a dollar that they are risking, they are often only targeting to make barely more than a dollar and often less than a dollar. Often, they may even end up losing a few dollars in the hope of making one. Trading this way means that they will need many winning trades just to compensate for one that goes wrong. To be truly successful, you need to be able to target to make multiples of what you risk for each trade that you do. This asymmetry is what leads you to the promised land of inevitable profits in the longer run.

15.01.2022 EU says intense negotiations are underway.

14.01.2022 RBA expected to drop rates Tuesday.

13.01.2022 One ground truth about trading is that you must have a stop loss for your trades, and this is a habit you must make second nature if you wish to succeed. Many novice and unsuccessful traders believe that if they don’t stop themselves out of the trade, the losses are just paper losses and they still have a chance. That’s the mindset of a losing trader. Heck, it’s actually just the mindset of a loser trader or not. Losses are losses. Before you do a trade, you need to know th...e price level where you are wrong about the trade. If you can't accept that you will be wrong on numerous occasions and that you must take the loss, trading is not something you should be doing. Mastering the skill of losing is essential to winning. It prevents you from losing your shirt on a few bad trades and allows you to focus and allocate your capital to the trades that work. That is the recipe for success.

13.01.2022 Based on Prospect Theory, the way individuals perceive losses can be far greater than what they perceive of gains, giving rise to loss aversion. What does that mean? For instance, losing a certain amount of money can only be compensated by receiving an amount of money that is much more than the amount lost. (example: $1000 vs $2000) In fact, most individuals have this aversion to losses and it is somewhat an innate nature for us human beings. However, to succeed in trading, one learns how to accept losses as part of the process and to be less or not emotionally affected by the losses which is a trait that all successful traders have. It may be difficult to cultivate this trade but as I always say, trading is a process and you must stay true to it in order to succeed in the long run and this is a hard truth we must face.

13.01.2022 There are some important data points that will usually cause market gyrations around the time of their release. Market liquidity usually deteriorates just before and after the data release i.e. bid/offer spreads get wider, and there will be bigger slippage in your execution prices. The US jobs number known as the US Non-Farm Payroll is one such important data point. Retail traders have no edge in trying to capitalise on such volatility and it usually is a gamble at the best ...of times. Funds invest huge amounts of money to create trading algorithms that will execute trades in a matter of nanoseconds to capitalise on any anomalies that occur during these volatile periods. Having a plan to react at the market extremes will require a lot of preparation and experience of knowing what the likely paths of markets are given the data surprises. If you do not have a plan borne of experience and preparation, you have no edge. The best course of action for a trader without an edge during these periods is to stay on the sidelines and wait for the dust to settle.

12.01.2022 In a volatile market, it’s always tempting to stare at the screen to monitor the prices of the various products that you trade. Doing so may tempt you into doing trades that you may otherwise not do because the excitement and emotional rush of participating in a quick move can easily cloud your judgement. Therefore, it is essential to have a structured trading process that you will need to go through before executing any trade. This will prevent you from rushing into trades that are triggered by greed and fear. Stay true to your process. It is the only way you can become successful in this difficult game of trading.

12.01.2022 Many traders think that, because prices are volatile on a day to day basis, the world changes a lot from day to day. In truth, politics, although it seems random at times, are pretty much the same. Policies from central bankers, although there often are changes, tend to remain on the same trajectory for a long time. Macro economic fundamentals do not often diverge from the trajectory they are on in the short term. This is why when trends start, they tend to persist. This is why we are always talking about asymmetric risk rewards of being on a super-trend. Forget the noise. Stick to the truth, and stick to what works.

11.01.2022 Pound avoids major slip, but don't be fooled.

10.01.2022 Join me on Youtube live today for Money Exchange.

10.01.2022 To some, Technical Analysis, the study of charts to determine market direction, does not make sense. How can mere patterns and candles help in forming a trade idea? To others, Technical Analysis is a self-fulfilling prophecy. Why so? Imagine the millions of traders looking at a particular pattern and having the same directional bias on the pattern. The bias held by the multitude should eventually lead to an influx of buying or selling pressure in the perceived direction, caus...ing prices to move towards the perceived target. However, to experts, Technical Analysis is more than the statements above. To them, Technical Analysis is a tool to measure and understand the psychology of market participants and this makes perfect sense. After all, the only way through which market participants can express an opinion is through buying or selling, i.e. the price in the markets will truly reflect what these participants think about the markets. By analysing the history of prices, experts are able to determine whether the bulls or bears are winning. The chart is a warzone between the bulls and the bears

09.01.2022 Could Trump really get fired?

09.01.2022 As the campaigning for the US Presidential elections heats up, the days ahead are going to be filled with unpredictable headlines that may move the markets randomly. The temptation to take a punt in anticipation of moves in one direction will be high, but you need to understand that trades taken in this fashion are just that punts! It is quite futile to try to make a career out of taking random punts. Instead, focus on the objective truths and the risk vs reward profile of every trade opportunity that comes your way. If you can’t figure out what is your edge in doing that trade, it’s likely that you have none at all. In unpredictable times, the best thing to do is to stay nimble, size your risk appropriately and wait for better opportunities.

08.01.2022 Today is Inflation day.

08.01.2022 Details emerge about "that" phone call.

07.01.2022 Financial markets are usually buzzing with activity and prices can often be gyrating throughout the day. That fools many traders into thinking that they should always be involved in every move. In their mind, they are always thinking of all the things that they could have bought and sold and profited handsomely in the process. In actual fact, the cost of trading is a big drag on trading returns. It takes time for markets to correct dislocated prices. Do not expect instant gratification if you wish to be profitable over the long run. The key is to find good risk vs reward opportunities and let market forces take the time to correct the anomalies.

06.01.2022 There is often the debate on whether one should focus on fundamental analysis or technical analysis. The simple answer is, why not use both? The need to have fundamental analysis is obvious. Having an understanding of what drives markets will give you a better idea what is the likely fair value of things. However, if things all traded at fair value then there’s really very little point in trying to trade them. Often, especially in the short run, asset prices diverge from... fair value. It’s not only fundamentals that drive asset prices but also the expectations of participants. This can be reflected in the way prices move. The squiggly lines you see on the charts give you an indication of levels that may be important to the participants in the market. This is where technical analysis comes in. In recent weeks, the prices of stocks seem to be defying all measures of fundamental analysis. Focusing just on fundamentals alone would have led to crippling losses. However, using charts and risk management principles to help keep such losses at a minimum, we can survive this environment and wait for when things start to make sense again!

06.01.2022 Retracements in a bull market is a sign of a healthy trend and are to be expected. Without regular retracements, speculators will get overly invested and the market will eventually fall hard as there will be no new buyers when everyone is already involved. When retracements occur, the weak hands (speculators who got in late at bad prices, who are over-leveraged etc) will bail and sell as prices fall to the stronger hands. This fall in prices may even get the non-believers an...d those who like to fight against trends excited and get them to short the market. Eventually, when the price stabilises and the trend re-exerts itself, these are the shorts who may even fuel the next leg higher. In a career of trading, do not expect everyday to be a good day. Expecting your trade to do well every day if you are trading a long trend is unrealistic. Have realistic expectations so that you won’t be overly emotionally affected by the gyrations of the market.

05.01.2022 Have you seen our members trading success stories for July? find out more by reading what they have to say and see who won the "best-risked account" and received $500 form us into their trading account. https://www.ltggoldrock.com/ltg-goldrock-member-trading-su/

05.01.2022 Trading based on instincts sounds and looks cool. Being able to make the right calls at the right time solely by your gut feel is commonly depicted in the media as what traders always do. As always, what is shown on screen is not quite the truth. Yes, there may be traders who seem to be able to trade based on instincts. However, what these traders have is a thorough understanding of price action and fundamentals in the market. That coupled with years of experience allow them to subconsciously find parallels between now and what they have seen happen in the past to make an educated guess on what would likely happen next. If an inexperienced retail trader were to emulate this, it will simply be taking a stab in the dark and buying a one-way ticket to the poorhouse

04.01.2022 Each month we like to encourage our traders to share their trading journey with our LTG GoldRock Community. We absolutely love hearing from traders who are hitting some major goals with their Trading Profits and Risk Management. Congratulations to all the LTG GoldRock members who are sticking to their defined trading strategies and reaping the rewards. Check out our member's results for July >>>>

03.01.2022 As traders, we will face harrowing days filled with wild swings. These days can even feel like weeks or months due to the massive price swings in both directions. In these situations, traders will be hit with a flurry of emotions and may even become unsure of what to do. It is imperative that you keep your emotions in check when faced with such days. Having a trading plan with target levels and stop loss levels ahead of time helps. Sizing your trades in anticipation of the possibility of such wild days will keep you in the game. And keep your hair on your head!

02.01.2022 There was a good lesson in Monday’s price action.

01.01.2022 One pitfall for traders is that once they have a position, they tend to want to see the world based on the direction of the trade they have. By doing so, they are simply just being ignorant and will remain oblivious should the situation turn against them. This leads to unnecessary losses that could have been reduced. To circumvent this, it is critical that traders stay abreast of the overall picture of the markets and always consider views that disagree with theirs. Try to see the world from other perspectives whenever possible!

01.01.2022 Having a stop loss is vital to risk management. It serves as a way for traders to realise that they are wrong on a trade. Stop losses will help traders get rid of emotional bias they may have should they still be on the trade. Hence, it allows traders to view the market without being bogged down by their past views. This helps them to be more mentally flexible and to be more able to change their minds. This is a good reminder for the perennial bears who are now faced with a ...market that is relentlessly making new highs. All the predictions of economic Armageddon have come to pass, and yet, stocks are higher than ever before. Something clearly is wrong with the bearish view. The purpose of trading is never to be right, but to be rich. For the bears who are still clinging on, there will always be opportunity to get short and there are always many opportunities to get rich. The trick is not to get broke till you find those!

01.01.2022 It is good to have dreams because they are what drive people to achieve more. Many dream of becoming traders, to fare much better financially and to have a life beyond the confines of a 9 to 5 job. However, many who have such dreams go about the wrong way in trying to achieve these dreams. They underestimate the work and discipline required to be successful in trading. As with every dream worth achieving, work is required. More importantly, sound trading and risk management frameworks are what makes the difference in working foolishly or working productively. To get the right start, find the right mentor or the right community of like-minded traders.