LTG GoldRock - Official Blog

The ultimate solution for Forex Traders

 
July 24th, 2015
Andrew Barnett

Why the Kiwi Dollar is on the nose.

The Kiwi Dollar is on the nose and has fallen 37 of the last 53 weeks with the price dropping from 0.8835 on the 6th July last year to trade now under 0.65 cents to the US Dollar. A drop of 23 cents or 26% since May 2014.

The Kiwi economy relies heavily on the price of Dairy and recent dairy auctions show a large drop in dairy prices for the 9th consecutive time. At the latest Global Dairy Trade (GDT) auction dairy prices in New Zealand dropped 10.7% to the lowest Index price since GDT auctions began in 2008. The Kiwi Dollar slumped immediately after the GDT auctions and will mostly likely continue to decline as the RBNZ drops the official cash rate and the US Federal Reserve moves closer to raising its interest rate.

The reason the RBNZ lifted rates so quickly in 2014 was because it thought the US Federal Reserve would lift its official interest rate in the first half of 2015 and thus counter balance any rise in the Kiwi Dollar. But that didn’t happen and the Kiwi Dollar remained too high for too long and has now adversely impacted the economy. In a nutshell the RBNZ’s rate hike gamble backfired, evident by the about face by the RBNZ on interest rates recently. In May RBNZ Governor Wheeler said the Central Bank may need to lower the official cash rate and then the following month in June he did exactly that. I expect the cash rate in New Zealand to fall back to 3% or lower in the coming 6 to 12 months.

I also expect the Kiwi Dollar could be 0.61c in the coming months and provided the US Fed raises its official cash rate in late 2015 or early 2016 there is every chance the Kiwi Dollar could decline to 50c before the end of next year. Look for the Kiwi Dollar to decline the most against the US Dollar and Pound.

Join us this Monday night in the LTG GoldRock Live Online Trading Room for an introduction to Forex Trading and how we can help you learn to trade.

July 10th, 2015
Forex Trading

Wisdom not Information… Trading Lessons

You’ve mostly likely heard of this phrase before but it’s just so true.

Information is everywhere. Wisdom is not. I was very fortunate some years ago to be introduced to a trader who was 30 years my senior and he took me under his wing and effectively taught me everything I now know.

There are only handful of people I trust when it comes to unbiased financial market wisdom and one of those people is Art Cashin.

Art is the Senior Floor Trader for UBS Bank at the New York Stock Exchange and his wisdom and daily commentary on CNBC is outstanding. I encourage my traders to listen to him every day and I am encouraging you today to take a moment and watch the short 3 minute video below.

Let me trade live in front of you this Monday evening at 8pm AEST and show you the strategic unemotional way we go about making higher returns on investment trading the biggest market in the world. Plus, I will give you my next big currency trade.

This Live Trading Room Session will be FULL so I strongly encourage you to register today to secure your place.

Places are Limited. Click Here to Secure Your Place Now.

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Past performance is not a reliable indicator of future performance. This is a leveraged investment that can magnify losses as well as profits. All ROI (Returns on Investment) are for the calendar month stated, based on profits earned for the month on their Trading Capital. ROI quoted is after all fees and brokerage.

July 9th, 2015
Andrew Barnett

Pound hit from all angles.

LTG GoldRock Member Ian BrownThe Pound was seemingly hit from all angles on Wednesday with one of the most severe declines being against the Yen. The GBPJPY on a daily basis dropped some 430 ticks however you need to keep in mind the GBPJPY has one of the largest intra-day trading ranges compared to other developed world currency pairs. So what caused the sell off?

From my research it was a combination of a few factors. Firstly there is genuine fear in financial markets right now with the Greek situation being unresolved and China’s share market seemingly falling over the edge of a cliff and dropping 30% from its highs only a couple of weeks ago. The Yen along with the Swiss Franc has for decades been the safe haven currencies the markets likes to buy in times of uncertainty and if you take a look at the USDJPY and other Yen crosses you will see the Yen has risen sharply in recent days against its major rivals. This however only answers part of the question as to why the Pound dropped so much in one day.

Wednesday saw UK Chancellor George Osborn deliver his annual budget speech and what added more weight to the Pound’s sell off was the Chancellors comments that he expected the UK economy to grow at a slower pace in the coming 12 months. He said he thought the UK economy would grow at 2.4% for 2015, which is down from previous forecasts of 2.5%. He said he expected the UK economy to grow even slower in 2015 at 2.3% and then grow faster the year after that. Traders would have used these comments as a reason to sell the Pound because if the UK Government expects the economy to grow at a slower pace then the Bank of England may also be slower in moving on the official interest rate, which has been stuck at 0.5% for some 5 years and is generally expected to rise in the next 6 months.

The BOE will announce its latest interest rate decision today and it is highly unlikely they will raise the official cash rate this month. It will not be until later in the month when the minutes are released that we will get to see how many committee members voted for a rate rise.

LTG GoldRock members can access the full analysis in Today’s GoldRock Insider Report.

July 4th, 2015
Learn to Trade

Another Successful Month with LTG GoldRock

Hi Team,

Another successful month. While most are panicking, worrying about the “hit” made to their Superannuation, because of Greece’s default, LTG GoldRock has kept me steady, consistent and Profitable.

Thanks LTG GoldRock team, U rock!!!

Cheers Johaan Kaa
Johaan Kaa LTG GoldRock 2015 JuneRyan Bowles LTG GoldRock

July 3rd, 2015
LTG GoldRock

2 Free Currency Coaching Sessions. Plus my Next Big Currency Trade.

My passion and success comes from showing people how to do it for real by teaching you the facts about how banks and wealthy, experienced  traders do it. If that interests you then keep reading and join me Monday & Tuesday night live online at 8pm AEST for a two part FX Coaching series that has the potential to kick start a very successful investment career for you. But you’ll need to register to attend.

When it comes to Currency Trading “understanding how it really works” is often what stops people from taking part in an investment opportunity  that could change their financial future.

So on Monday night at 8pm AEST I am going to share all the key basics with you in a live 60 minute online event and then on Tuesday night I am going to take you live online into our Live Trading Room and show you how we call trades for you on a daily basis. Plus give you my next big currency trade.

Places are Limited. Confirm Your Attendance Today.

You’ll learn all the important stuff such as…

  • How do you really make money from trading currencies?
  • How do you make money from a currency when it goes down in value?
  • Why do currencies rise and fall and how can it be 100% recession proof?
  • Who trades currencies and who are the winners and who are the losers?
  • How much do the brokers make?
  • How do I open a currency trading account and trade?
  • What is the minimum investment I can start with and what are the risks?
  • How do I know who to follow and be assured you can make money?
  • How do you know when to buy and sell?
  • How much time each day does it take to be profitable?
  • What sort of returns are realistic.

If you can make it I can promise you that Monday & Tuesday night’s Coaching Sessions will give you more valuable content about the FX market and the potential profit opportunity than ever before. I just hope you are free to join me.

Limited Places Available. Confirm Your Attendance Now.

LTG Goldrock Trader June 2015 Chris BaxterLTG GoldRock Learn to Trade Ian Harding

Past performance is not a reliable indicator of future performance. This is a leveraged investment that can magnify losses as well as profits. All ROI (Returns on Investment) are for the calendar month stated, based on profits earned for the month on their Trading Capital. ROI quoted is after all fees and brokerage.

July 1st, 2015
Andrew Barnett

Greek external funding just dried up.

At midnight in Athens the Greek Government will become the first European Nation to default by missing a payment due to the IMF and its external funding to survive financially will have dried up. Much of this bad news is now priced into the markets and the big money is simply sitting and waiting to decide what to price in next. Does it begin to price in a Greek exit from the Euro or does it price in Greece staying in the Euro with a new deal? The answers to these questions are difficult to judge at this point with a number of institutions and “players” in the Greek mess still to finally decide on what they will do with regard to their support for Greece.

Greek banks will remain closed until Monday post the weekend’s referendum (which may not happen) and capital controls remain with regard to how much money can be withdrawn from ATM’s. The European Central Bank, which effectively has been keeping Greek banks from trading insolvent, is yet to decide if it will continue to fund Greek banks with emergency liquidity after the weekend when banks reopen, which puts another question mark on the viability of Greek banks short term.

The Greek Government has put forward a new proposal Tuesday and if accepted would mean a referendum is not required.

The following questions remained unanswered and therefore big money is still unsure of what to do…

For the full report LTG GoldRock Members Facebook can refer to the GoldRock Insider Report for Wednesday 1st of July, 2015.

June 18th, 2015
Forex Trading

Stop following the crowd.

Arthur White is trading with LTG GoldRock

Arthur has taken control of his own financial future and is now trading with LTG GoldRock at his own pace and loving it.

There is generally a thought that to make consistent profits you should invest in a managed fund or seek the advice of a fund manager or broker.
If pooling your money with everyone else in a fund was the best option why is it that most Australians’ biggest fear is to die poor. And if this was the best option why is it that most Australians retire and their Super and retirement savings are generally all gone by the time they are 70 and they are on the pension with everyone else.

The reality is if you just want to be Joe Average, retire poor, live off the pension and spend your retirement “wishing” you had more money then follow the crowd and do what everyone else is doing. However if you want to live an extraordinary life and make returns on investment that are meaningful in time and allow you to live a rich life then stop following the crowd and learn to be in the money making business for yourself.

The only thing that is stopping you is the story that you keep telling yourself in your own head as to why you can’t achieve it. These people below no longer tell themselves that self defeating story and are working towards meaningful returns every year.

If you missed this week’s LTG GoldRock live trading & coaching session
you can
watch the replay here

June 15th, 2015
Learn to Trade

Lifestyle Trading from Alaska

Jackie Falls trading freedom ltg goldrock

Hi AB, ‘Lifestyle Trading’ Glacier Bay, Alaska, trading to cover my on-board spending!!!

Having a great time, best wishes and successful trading!

Cheers Jackie

June 15th, 2015
Forex Trading

Yes We Will Be LIVE in the Trading Room from 8pm AEST.

Tonight at 8pm (Sydney time) you can gain access to the LTG GoldRock live Trading Room and learn how you can follow our Daily trading signals from our Senior Traders.

This professional coaching session will be FULL so I highly recommend that you log in early to secure your place.

You need zero experience to watch us and you can simply log in from any computer or tablet device anywhere in the world and enjoy watching real professional traders trade.

The likelihood is we’ll make money, but I must warn you that we might lose too and on a rare occasion we may not trade at all. That’s part of being a professional trader, we can’t win every time nor can we ask the market to give us exactly what we want.

Not Registered Yet? Hurry we are close to fully booked.

LTG GoldRock Successful Traders in May 2015 Successful Traders from LTG GoldRock in May 2015

June 11th, 2015
Learn to Trade

UK Trade Balance data narrows to push up the Pound.

The Pound started the European trading session yesterday extremely weak and then all of a sudden it turned on a dime and headed higher. The latest Trade Balance data was responsible which was significantly better than expected.

Simply put the UK still imports far more than it exports however the difference between the two narrowed sharply and surprised the markets when released Tuesday. Exports rose in April by 4.8% and previous months were also revised higher. The UK economy continues to improve and traders bought the Pound on the back of the Trade Balance data. The Bank of England will take note of this and potentially bring an interest rate rise forward. When an economy improves from a low base as the UK economy has interest rates are going to rise and so is the currency when you trade it against currencies that are attached to weaker economies.

Each day Andrew Barnett and the LTG GoldRock Homepage Trading Team deliver the latest Forex News and Training Sessions to over 4000 Australian and New Zealand investors who are learning to trade.