The only way to create long term financial success is to grab a shovel and start to dig for yourself rather than watching someone else try and dig the gold for you. Brokers, institutions, banks and financial advisors interests are likely always going to come before yours. Nobody will look after your money better and see it grow larger than you if you know how to invest professionally. Money makes the world go round and there is a lot of it to grab if you educate yourself, ask the right questions and are diligent and direct about your approach to financial investing. Be in control, know the risks, if you don’t know everything about the stock, option, future, currency or bond trade that you are about to make and have absolute control of when you are going to exit for profit or loss, don’t enter the trade.

You must be in total control and you must never over leverage.

If you wake up in the middle of the night and are ever nervous, anxious or worried sick about a trade or investment, then you are most likely over your head. Sell it and get out, peace of mind and happiness is far more important than growing old living in hope with a life of financial stress.

Learning to invest yourself is not only financially beneficial long term, it is also a heck of a lot of fun when you are with the right people and then has never been a better time in history to educate yourself about financial returns and the markets, particularly foreign currency.

So how do you avoid the scams and greedy brokers and advisers so you don’t become another statistic? There are a number of things you can do but here are the basic rules I believe you should follow.

1) Do you understand the investment you are about to make? A large section of those who lost collectively billions of dollars were unfortunately naive about what they were doing. They trusted someone else and they were living in hope their investment would increase in value. Have you heard the saying, “live in hope, die in desperation”? Now I am not suggesting you shouldn’t seek professional advice, you should. However you have to ask the right questions about your investment, know specifically what it is you are getting into and question the complete control you have of that investment. If you don’t have control, if you don’t know the risk, if you can’t exit the position quickly and you can’t track the progress daily yourself then I would question whether or not you should be considering that investment.

Losing money does not mean something is a scam.

Here is how LTG GoldRock recommends traders deal with losses which are inevitable as a currency trader…

It is simply the cost of doing business, but the cost must be minimised, so therefore LTG GoldRock always uses a risk calculator to measure the risk before entering any trade.  For example, LTG GoldRock clients calculate a 1% risk on capital on a single trade (that is $10 on a $1000 account balance ) and if multiple trades are placed then the risk is lowered to just 0.05% under LTG GoldRock’s recommendations.

So therefore if you had 3 trades entered and all 3 lose, the risk would be only 2% of you entire capital.

2% of $1000 is $20. This assists traders deal with the emotional side of losing money, so they can continue to follow the trading system and plan. As we cannot get our decision correct every time, the only way to be able to continue to invest and trade diligently and professionally like the bank does, for years ahead, is to risk little, chip away with small investment sizes and persist.

You can become extremely wealthy trading Forex taking a “get rich slowly” attitude.

They have no secrets we can assure you of that.

What they have is a professional team around them and a very businesslike approach.  The LTG GoldRock trading team have decades and decades of experience and it’s Trading Room Director has worked and traded at some of the largest trading rooms in the world, such as Societe Generale.   As an LTG GoldRock customer you are using the same tools and techniques the most successful Forex investors use.

The Forex market itself is all about the simultaneous buying and selling of money which is openly traded on the world markets every day.

Scams can occur when small investment companies, brokers or educational companies try and pitch Forex as a get rich quick product and over promise high returns that are completely unrealistic.

LTG GoldRock promotes a get rich slow investment philosophy.  Successful Forex trading is all about capital preservation and taking a long term approach to investing with great money management and a sound and disciplined trading plan.   It is not rocket science.  Foreign Currency trading is the biggest money making machine in the world and if you are considering investing in Forex you need to ensure you know exactly what the market is all about, the risks, the returns and ensure you are trained by licensed professionals who can guide you on everything you need to know.

Just like all forms of investment, there are no guarantees and in Forex trading.  Long term success is attributed to good money management and a committed and disciplined approach to the system you are trading.Successful Forex trading is about learning probability, which is doing the best we can to stack the odds on our side with well informed, experienced investment decisions. When you learn to appreciate the power of probability there is a lot of money to be made as a Forex trader, but there are no guarantees.

Who is responsible for my losses?

You must always take full responsibility for your actions as a trader and be honest with yourself at all times, and this is vitally important as you build your knowledge and skill over the coming months and years ahead.  Any trade you take, you must understand the risk and accept the risk that you are taking on each trade. You need to be completely comfortable with the risk and accept complete responsibility for any trade result, whether positive or negative.
Money management is the key to success long term.

Source: LTG GoldRock, US Blog

LTG GoldRock’s philosophy?

Get rich slowly.

Capital preservation and risk management are the cornerstones of any successful traders plan. Forex trading is not for people who are looking to fix a short term financial situation where they need cash flow fast. Forex is not a get rich quick scheme, thus LTG GoldRock’s philosophy: Get Rich Slowly.

You can begin to make small profits and add monies to your trading account only after you have seen sustained capital growth in your trading account that you started with. The increase in investment amount should be in line with experience and success.

When you first begin trading Forex, LTG GoldRock recommends you open an account with $500 to $1000 if you can afford to. If you cannot afford $500 you can start with $250. There is no need to open an initial account with more than $1000. You first need to prove to yourself that you can be a profitable Forex trader and learn the correct systems and risk management to be successful long term.

Once you have achieved sustained profits using smaller amounts of money you can then add to your account size and steadily build your investment amount over time. There are no short cuts to making money in Forex Trading, it is a learned skill.  LTG GoldRock wants to help you increase your cash flow… over time with a sound Forex trading approach.  The message here is simple:

Ditch the get rich quick scams and stick to a strong investment philosophy.

All LTG GoldRock students are giving a solid and complete education and ongoing training on the importance of risk management, preserving capital and maximising profit. Check out a video after the jump….

The LTG GoldRock system is not overly complicated but is also not just some simple, fly-by-night trading mechanism.  LTG GoldRock has worked diligently to provide traders with a useful and potentially very successful system.  This video gives a short introduction to how LTG GoldRock is unique and a glimpse the system.  Too good to be true? We don’t think so.

You must fully understand how Forex operates before you make a financial decision to trade it. Do not trade Forex unless you have done your homework on the broker you are about to invest with and the Forex educational company or advisers who you will be learning with. Beware of scams and frauds who offer guarantees of high returns and promises of unrealistic high profits.

There are no guarantees in Forex trading and there are no systems that will see you get rich quick.

You must monitor your investment at all times with capital preservation your #1 priority before growth. Remember, Forex trading is an opportunity for substantial profit however you should only be trading with money you can afford to lose. That is worth repeating:

You should only be trading with money you can afford to lose.

Read all the fine print on all documents you sign and if you are not sure of what you are signing, do not sign it.  We hope you find this information useful.

LTG GoldRock’s view on using a risk calculator is simple: If you do not have or are not provided with a Forex risk calculator do not trade Forex as you will not know how to manage risk appropriately.

Forex  is the largest traded market in the world with over 3 trillion dollars a day traded. You can be as large a trader or as small a trader as you like however the only money you should be risking in Forex is money you can afford to lose. You must know the investment strategy you are using and understand risk management, which is taught to you by professionals with experience. You should be opening an account balance that matches your ability level and experience and not risking any more than 1% to 2% of your capital on any one trade. If you trading account reduces by 20% of its original investment size you should cease trading immediately and seek professional assistance.

The opportunity for profit is substantial in Forex and so is the loss if you do not practice good money management and understand how to use sensible risk on your trades.

There are no guarantees in Forex trading and you must consistently aim to minimize risk and preserve capital. Forex trading may not be appropriate for everyone and you if you do not understand Forex consult an experienced financial adviser before participating in Forex and opening an account.