Trading Discipline
If something is going to change for you—or continue to change for those already taking action—you need to be moved and inspired, writes Andrew Barnett
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 »
Discover The Methods The Following LTG Goldrock Members Used to Generate Returns Ranging From 5.22% to 189.03% In The Month of October
Tess Martin-Wallace won the 'Best Risked' Trader award for October and made an incredible 23.8% ROI
The results are in from the October ‘Trader of the Month’. You can see some of the RESULTS BELOW and then click through to the Website to read about how they achieved them.
Special Session in Tonight’s Webinar
Also make sure you’re attending tonight’s free webinar. On top of sharing ‘How you could potentially be making an extra $200, $300 or even $500 per day trading currency’ I’ll be sharing some of the strategies used by our traders of the month to achieve these returns.
If you haven’t registered yet, you can join us by simply clicking on the following link TONIGHT (10th of November 2010) and following the easy instructions. (please login 10 minutes prior to ensure you get a place).
8:00pm (TAS, NSW, VIC, ACT) 6:30pm (NT) 7:30pm (SA)
7:00pm (QLD) 5:00pm (WA) 10:00pm (NZ)
http://livetraderglobal.omnovia.com/web-seminar
Trader of the Month Results (October)
- Congratulations to Ann McGlinn (NZ) who achieved 15.03% ROI.
- Nathan L’Estrange (QLD) made 7.88% ROI in October.
- Karina Banhuk (QLD) our trader of the month in September achieved 5.22% ROI for the month.
- Stephen Mountford (WA) increased his account by 13.36% ROI in October.
- Graeme Scully (NSW) grew his account by 15.10% ROI in October.
- Marion Gallow (NT) made a fantastic 20.09% ROI.
- Susan Fletcher (QLD) added 25.71% ROI to her account in October.
- Michael Horn (QLD) grew his account by 29.8% ROI in October.
- Yui Chu added a massive 189.03% ROI to their account
- Tess Martin-Wallace gained 23.8% ROI last month.
Then join me on tonight’s free webinar where I’ll be sharing how you could be making a potential extra $200, $300 or even $500 a Day… In your spare time… Swapping the Aussie Dollar for US Dollars (or other currencies).
Plus special session on ‘the strategies used by our traders of the month to achieve these returns’.
To enter the room from your home computer simply click on the following link TONIGHT (10th of November 2010) and follow the easy to follow instructions. (please login 10 minutes prior to ensure you get a place)
8:00pm (TAS, NSW, VIC, ACT) 6:30pm (NT) 7:30pm (SA)
7:00pm (QLD) 5:00pm (WA) 10:00pm (NZ)
http://livetraderglobal.omnovia.com/web-seminar
I look forward to seeing you there.
FREE WEBINAR REVEALS… How You Could Make An Extra $300 per Day, From Home, Trading Currency
If you’ve been looking for a method to create cashflow and build wealth to supplement your income, or even replace it, then currency trading might be exactly what you’re looking for.
When: Tuesday Night (9th of November 2010)
TIME 8pm AEDST (9am GMT)
Where: From the comfort of your own home (Webinar)
Cost: Free
Does the idea of being able to make money on your terms appeal to you? Being able to work from home, or wherever you want? In your spare time?
Potentially generating a few extra hundred dollars a day to supplement your income. Perhaps even quitting your job or selling your business for the freedom and potential financial wealth that trading can give you?
I’ll be revealing, how thousands of people, are using a laptop and an internet connection to tap into this amazing market to generate income from home.
I’ll also be sharing how you could potentially generate
an extra $200, $300, even $500 A DAY… or more
by swapping the Aussie Dollar for U.S. Dollars.
…Better still, I’m going to SHOW YOU how it’s done. Live and in real time.
This is without selling anything… without working hard and without taking huge financial risks. In fact the risk is just 1% when you follow the professional team.
“The reason Currency Trading has become
so popular lately is because it offers in my opinion,
an incredible cashflow generating opportunity,
like nothing you’ve ever seen before.”
To find out all about it, simply click on the link below right now and reserve your place in tomorrow night’s free webinar. It starts at 8pm AEDST (9am GMT) tomorrow night.
Click here to reserve your place Tomorrow Night live at 8pm AEDST (9am GMT)
In this valuable webinar:
- You’ll discover how you could potentially earn an extra $200, $300 or even $500 a day… in your spare time. (Or much more if you dedicate yourself and have enough risk capital to trade with)…
- I will explain how it’s done… and give you a live demonstration… that you can watch right from your computer screen
- You’ll see real trades in real time (I’ll even teach you one of my favourite trades)
- You’ll also discover the tools we use to limit our risk down to .5% to 1%
- Now, here’s the best part… not only will I show you how to do it, I will also give you access to my professional traders (who’ve worked for some of the biggest financial institutions in the world) to show you how they do it. » Continue Reading »
Part 2 of “How to Potentially Earn an Extra $200 to $500 a Day Swapping The Hot Aussie Dollar for US Dollars (or other currencies)”
Tonight we are running the second part of our webinar on the methods used by Forex Traders to predict where the Dollar is likely going and how you could be making a potential extra $200, $300 or even $500 a Day… In your spare time… Swapping the Aussie Dollar for US Dollars (or other currencies)
To enter the room from your home computer simply click on the following link TONIGHT (20th of October 2010) and follow the easy to follow instructions.
(please login 10 minutes prior to ensure you get a place)
8:00pm (TAS, NSW, VIC, ACT) 6:30pm (NT) 7:30pm (SA)
7:00pm (QLD) 5:00pm or 8:00pm (WA 2 sessions)
10:00pm (NZ)
http://livetraderglobal.omnovia.com/web-seminar
Hello again.
Yesterday was just the start of your incredible Fx journey and as I promised, tonight’s live online presentation I will teach you specifically the following:
- How we are going to train you to run and operate an incredibly profitable trading business online, from home or wherever you wish.
- A closer look inside the LTG GoldRock Live Trading Room. The trading room will be live and we can experience exactly what you will be seeing and hearing and we will place a live trade.
- I will teach you how big money professional traders trade live and I will even show you which pairs are trending live on the night. In fact after just a few minutes you will tell me!
- How to calculate specifically a 1% risk or whatever risk you wish to trade with on a currency pair.
- How to look for a trade and place a trade like a professional, and what to do once you’re riding a wave.
- More details on our live training where you will train with me personally for 2 days. » Continue Reading »
The #1 Trading Tool Every Trader Must Have
When you attend tonight’s free webinar on “How to Potentially Earn an Extra $200 to $500 a Day Swapping The Hot Aussie Dollar for US Dollars (or other currencies)”
…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)
http://livetraderglobal.omnovia.com/web-seminar
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 »
What kinds of returns are achievable with Forex?
Karina Banhuk won our 'Best Risked' Account Award for September
I get asked quite a lot about what sort of returns are achievable trading Forex.
So, I thought I’d share the ‘Trader of the Month’ results with you.
Let me remind you, that while some of the returns from the ‘Trader of the Month’ (and for that matter what many Forex Traders are achieving) are quite spectacular, the winner isn’t necessarily picked for the biggest return on investment.
But rather their overall strategy, those well risked and general improvement in the trading skills that will see them making money and building their wealth over the long term.
One such trader that stood out for their Risk Vs. Reward ratio is Karina Banhuk who achieved a very respectable 5.01% Return On Investment in September.
Some other honourable mentions go to…
- Arunas Blandis (NSW) who achieved 24.06% ROI for his first month of trading live!
- Peter Drew (QLD) was so close to 100% ROI with his 85.46% ROI for September.
- Bruce Annandale (NZ) achieved 14.37% ROI for the month.
- Stephen Mountford (WA) increased his account by 16.21% ROI in September.
- and another special shout out to Grant Barnett (LTG GoldRock) who achieved 9% ROI for September, adding to his 8% ROI from August.
To find out more of the results, click here.
Are You Our Next Trader of the Month?
Well it’s the time of the month that I don’t mind getting so many emails… yes it’s our Trader of the Month search.
Thank-you to everyone who has sent in their Trader of the Month entry, so far we have had some very ‘Well Risked’ accounts which are my favorite entries.
I did want to clear up some mis-conceptions about the Trader of the Month competition though…
Rule #1: You must be trading a live real money Forex Trading account. – Although results in demo are great to see unfortunately it’s just not the same as the emotions involved in trading real money.
Rule #2: There is no limit on the size of your Trading Account. – Whether you are trading $150 or $50,000 you can enter the search for our next Trader of the Month.
Rule #3: We look at your ROI% and how well you have implemented a Risk vs. Reward strategy – eg. If you increased your $500 Trading Account by $100 last month you achieved a ROI% of 20%. If you increased your $20,000 account by $1,000 you achieved 5% ROI.
Rule #4: All LTG GoldRock members are eligible to enter – all we ask is that you share your Trading Story with our Online Community. If you want to send us a video for LTGGoldRock.TV, send through a short summary about what your favourite trades are or perhaps why you love forex trading…. we want to share your success with others to provide motivation and an insight into your trading journey.
So Ask Yourself the following questions….
Did your Trading Account finish positive last month? Have you worked out your overall Return On Investment for the month?
If you missed out on seeing the results from last month’s competition click here to read more about their fantastic stories.
Entries close this Friday the 8th of October.
Only a few more days are left to enter the search for the next Trader of the Month…. So don’t delay!
What is the Bank of Japan’s Plan B?
Join LTG GoldRock’s Lorrie Bennett each week for her Market Watch Blog Updates, as she carefully dissects what is happening in the current financial markets and helps new Forex Traders to start gaining an understanding of how World News affects their Forex Trading.
In today’s Blog Update Lorrie gives us an insight into the Bank of Japan’s ‘Plan B’ after their initial plan to help their currency failed.
Also don’t miss Lorrie’s ‘What to watch for in the markets this week?’ section as it gives a brilliant insight into Lorrie’s personal trading / charting analysis and what could be in store for all Fx traders this week.
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Did you know? the top 3% of forex traders who make the vast majority of the money, follow 7 Iron Rules of successful trading. Don’t envy them. Join them… by learning how to use and apply the 7 Iron Rules yourself.
Click above for your FREE Report: “The 7 Iron Rules Of Forex Trading Success”