LTG Goldrock’s Andrew Barnett discusses what Forex Traders need to know going into 2013 in order to create maximum profit opportunities from their trading.
Will the US avoid the Fiscal Cliff? What impact will the Currency Wars have on global stock markets and how will it directly impact Australia and New Zealand through out 2013.
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|If we aren’t close to the turn on risk currencies then its only just around the corner. And I still hold the view once the hot air has dissipated the market will sell post the Fiscal Cliff deal. The US markets and risk currencies pull back overnight with some volume, the first time in a while. This was because Republican leader Boehner said he was going to ask the House to pass a bill regarding the Fiscal Cliff. Great news you might say! But the bill is likely to be rejected by Obama who has threatened to veto any bill of the nature Boehner is suggesting. What the Republicans are trying to do is put the pressure squarely back on the President.|
|The JPY GoldRockers is going to be a big mover in my view in 2013 and I agree with Gary’s prediction of a higher USDJPY by mid next year. Japan once again has a new Prime Minister. He isn’t exactly new because Shinzo Abe was first elected Prime Minister in September 2006 and he lasted less than a year in the job resigning in September 2007. He was blamed for the bank of Japan adjusting rates and forcing more hardship on the Japanese economy. Japan has been essentially in deflation mode for close to 20 years but Abe is back and his mantra is essentially this….print enough money to lower the JPY and get Japan competitive again. His monetary policy plans will essentially debase the japanese currency and therefore the USD as a cross will likely rally.|
|Right now many Central Banks around the world are desperately trying to keep their currencies low, creating headlines such as “Currency Wars”. Think about it for a second, everyone wants to be competitive with exports and grow their economies. Central Banks such as the RBA and US Federal Reserve are trying to act to bring down their own currencies to help their economies. The USA is doing it by printing 85 billion dollars a month, the Japanese are now going to print billions, possibly trillions of Yen and debase their currency, the Reserve Bank of Australia is trying to lower the AUD by lowering interest rates and countries such as France and Germany aren’t going to like a continuing rising Euro in the face of weakening demand for exports. Germany and France are not allowed to print Euro’s to try and lower their currency value, but both of them would love a weaker Euro to export their goods and services to the USA, which is Europe’s biggest export market. » Continue Reading »|
Andrew Barnett from LTG GoldRock, reviews some forex trading basics in this quick video.
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Five years ago I decided to invest $5,000 in myself and quit the things that were really getting me nowhere. Many of these things would make people shudder, however since I made the decision I have been amazed by the things that have come my way. So, if good things can come from quitting the bad, is it time for you to quit some things you are doing?
I am not telling you to do exactly what I did, nor am I telling you some of the things below because I have an ego, but here is a quick outline of what I quit, why and I quit it and what resulted. The moral of the story is if a high school dropout who just passed Grade 10 and quit school can be successful, you can too.
What I quit and why
- I quit my job—I hated my job and was making $55,000 per annum.
- I sold our house—We were living six weeks in front of the bank if I lost my job. We were incredibly stressed about paying our bills. We did have some equity, but we had no cash and it was making my marriage incredibly stressful.
- I quit hanging out with some friends—I stopped hanging with people that were negative, always complaining about their life.
What I actioned
- I made a commitment to continue to love my friends and family but be more careful about what I listened to and who I hung out with. Most people who told me not to do something had never done it themselves. I wanted to be around successful, positive people. I started trying to hang out with people that were living the life I wanted to live.
- I decided for once in my life I’d believe in myself and stop believing I wasn’t good enough. In my early 20s I was among the top 10 waterskiers in the world, but I never reached number one. I had more natural talent than most, but I lacked belief. I realise that now and wish I could have that time again.
- I attended seminar after seminar and finally found one that resonated with me. I didn’t procrastinate; I knew if something was to change I needed to give ‘something’ a go. Was I scared? Yes, petrified!
It all comes down to discipline: never deviate from what you want and stay true to your plan. » Continue Reading »
…I’m going to gift you a free copy of the #1 Trading Tool Every Trader Must Have.
This is an absolutely invaluable tool when it comes to making money consistently, managing risk and knowing when to get in or out of a trade. And it’s yours free. When you attend tonight’s webinar.
To get your copy, make sure you’re on tonight’s free webinar
(remember to login at 7:50pm AEDST, 8.50am GMT)
One of the biggest questions I get from people over and over again is what tools I use. Specifically, what’s my number 1 tool when it comes to trading?
So, I’ve decided to do something very special in tonight’s webinar. » Continue Reading »