LTGGOLDROCK – Forex trading

[DeanMember]

Have just been listening to a live webinar on Currency trading with LTG Goldrock.
question is has anyone had anything to do with this company? Has it been a positive move ? would you recommend it to your family and friends?

I am looking at wanting to increase my income streams and this is one I have been considering for some time.

any advice welcomed

http://www.ltggoldrock.com

ollie

[Steve WyethMember]

Are you on any of the Forex Trading forums? If not, i would join a suitable one and ask there. Also, it would be good place to pick up the basics after a bit of trawling.

I’m skeptical of such training companies unless there is someone I know who has had a positive experience with them. I guess from this post you’re the same. Better to be ‘eyes wide open’

Have you got a trading account, trade now and looking to improve or just looking into starting it out?

Like most forms of trading, Forex trading is an easy way to lose money if you make one or two bad calls. You have to speculate to accumulate though as the saying goes.

[DeanMember]

Good advice Moto I will look at joining a forum (another one – seems all the rage nowadays :laugh: )
I have traded shares before- but never currency, and it is fairly volatile to say the least. Looking into the future ATM as my days in the current job are limited (im a bit over travelling away all the time) Its all about defining risk , what is the risk ( normally .5 % loss / 2 – 5% gain )

Thanks for your advice and opinions

Ollie

[Steve WyethMember]

No drama’s mate. Good luck with it.

When I had a mad 5 minutes and considered currency trading I was put off by the large amount of cash you need to ‘play’ with to get any worthwhile results.

0.5% of $50,000-$100,000+ isn’t much to lose but with a 0.5% loss margin you might find the system auto sells your stock a bit too quick, realising your loss. It’s a tricky game to play.

Have you thought about investing in property? Less potential gains but arguably more stable and therefore less risk. Not to mention the tax benefits a good accountant will be able to work out for someone earning as much as you.

[glennMember]

Dammmmmm :angry: :angry: :angry:

saw forex-trading and thought,finally we have a beer sponsor on board. :pinch: :pinch: :pinch: :pinch:

[Adrian SnowdenMember]

Imagine how stuffed up you would have been if you saw Naked Blonde trading.

Sorry Ollie

Played with forex and futures trading while friggin around in agriculture and decided that it was more effective to wipe my arse with hundred dollar notes . The whole market gets skewed by individual big money that changes the returns with no reality to actual financial markets.

Don’t use Japanese yen to wipe your arse the ink runs

[DeanMember]

snowy09 wrote:

Imagine how stuffed up you would have been if you saw Naked Blonde trading.

Sorry Ollie

Played with forex and futures trading while friggin around in agriculture and decided that it was more effective to wipe my arse with hundred dollar notes . The whole market gets skewed by individual big money that changes the returns with no reality to actual financial markets.

Don’t use Japanese yen to wipe your arse the ink runs

Hey thanks for that Info Snowy After a bit more research and advice from other knowledgeable people (Boony excused :laugh: ) I have decided that Forex trading is probably not for me. Looks like I had better get used to the daily Grind
Ollie

[Mike WyethMember]

Good time to invest in property if your able to, with the market being at its lowest for a long time and gradual signs of a slow increase in prices over the next few years .

As Moto says it’s a longer term investment but nowhere near as volatile as trading on the markets :S

Just my thoughts :huh:

[Mick DMember]

I had a good bit of luck a few years back with currencies. I put $10,000 in a friend’s account in Japan after converting it to Yen. (with the plan to buy a couple of second hand MX bikes). Just after converting it to yen, the Aussie dollar dropped against the JPY (read 40%) and all of a sudden my $10,000 was $14,000! After just 3 weeks! Needless to say I cashed it asap!And I never did buy anymore bikes out of Japan as our dollar sucked against the JPY and it still does to a degree.

You can be lucky sometimes, it could have gone the other way and I did my arse too.

[Author]

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