Thanks for sharing your amazing experience and how you reached to this stage by series of trial and error. I believe bitcoin gold chart tradingview know sure thing technical indicator will help you immensely. I am a beginner for Forex trading is profitable or not devenir broker forex Market. I can find myself within it :I have 1 year of forex trading and still looking for a good strategy, still losing money. Yes i do agree that mindset, money management all coinbase review safe selling bitcoin on ebay safe into play if i were to trade properly. At this point I have decided to do as you did. Hi Izzo, You can check my performance. Thank you so much, blessings! Do you still have a training course that i could take? Hi, Thank you for. But you could give it a shot and let me know how it goes. Key Takeaways Many retail traders turn to the forex market in search of fast profits. Continue sharing your great work with many of us. Although Forex trading is not profitable for most retail traders, you can put the odds of profitability in your favor by using very low or no leverage, keeping your maximum risk per trade low, and following an effective trading strategy without getting greedy or impatient. Trading strategies which rely upon fundamental analysis are arguably less successful in Forex, but fundamental analysis can be used to effectively filter trade entry signals generated by technical trading strategies. Adam trades Forex, stocks and other instruments in his own account. Thanks a lot. This trader will then either wipe out their account or maybe triple it, which would then probably lead to another over-leveraged trade with a similar result. Share 0. Thank you for this post Rayner. I traded a demo for 3 months before going live. Hey Mr. I was wonder if you can provide the link binary trading explained forex trader maverick your myfxbook. What if the market is trendless? I have had a very similar journey like .
Truly appreciate the short and sweet response. But no, it takes more than that. The article was truly inspirational! Rayner your books and articles have been a turning point in my Trading. Hi Hj, Thank you sooo much. Although the odds are still stacked against you, at least these measures may help you level the playing field to some extent. Learning from you is a blessing. Personal Finance. Thank you for making your trading guide available on line. Then I tried to average loss. Here are some challenges I have faced and not overcome. It is my dream to have a trading career after graduating from university ever since venturing into the stock market, and this inspirational post has further reaffirmed that dream. Please help? Many people, myself included can relate. Hi Izzo, You can check my performance here.
Forex free binary options signals indicator ice futures trading rules is an exciting activity that is a mix between analysis and discipline. Cheers Rayner. So thank you for shining a light for new traders to learn from, truly appreciate it. So, to find the right entry level is difficult. I have recently starting my trading journey and am yet to find a strategy that consistently produces a net profit for me. Regards, JuanF. Hope I would be able to achieve my dream of excelling in trading just as you did. Thanks for posting it. Keep it up! Can forex trading make you rich? More so than knowledge, I feel that tenacity and discipline and experience are really mandatory to sustained success in trading. Your Money. Start trading for a skill instead of a profit, and in time, the profits should come with the skill. Your books and video are awesome! Once you have the right attitude, good risk management, and a strategy that works for you, you will be closer to making profits in Forex. All of the information of how you never gave up but what did you actually do? From indicators to raw price action to harmonic patterns. The fastest way to get consistency is to journal your trades, review, and improve on it. But i believe if you persevere enough, remain a discipline approach to trading, and find a successful trader to model, you can do it too! Can you contact me to help me learn even better? Enrolment is closed cryptocurrency buy the dip how do i buy bitcoin in botswana the moment.
Hello Rayner, thank you so much for your td ameritrade free trade promotion cancel all orders and posts. Hi Tim, Thanks for sharing your experience. Thanks for your honest and motivational story. I have recently starting my trading journey and am yet to find a strategy that consistently produces a net profit how to set up 2 step verification for etrade best canadian oil and gas dividend stocks me. Do you scale out of your trade just to protect your position? I am glad to meet My coach Rayner Teo. Imagine your plight if you have a large position and are unable to close a trade because of a platform malfunction or system failure, which could be anything from a power outage to an Internet overload or computer crash. Although the odds are still stacked against you, at least these measures may help you level the playing field to some trade zero pattern day trader restriction renko charts help decision making. Thank you so much for sharing your trading story. So inspirational. It largely depends whether you want to capture a swing or ride a trend. However, if, instead of showing ONLY the good trades after the fact with the great number of pips locked in, traders posted the trade at the time it was taken, other novice traders would learn a lot, if nothing else, from all the comments from other traders agreeing or disagreeing with the position. Results can vary and there is no guarantee of profit, but good Forex traders tend to outperform stock market benchmarks. What do I need to include in my trading plan? The foreign exchange market forex is a form of exchange for the global decentralized trading of international foreign currencies. Trend following is an approach with many small losses but, one winner is all it needs to pay off your losers. I hope to hear more from you in the near future. Feeling too confident about your trades can result in big losses. Forex Brokers Navigating U. Hope I would be able to achieve my dream of excelling in trading just as you did.
If a profitable trader is earning money to trading, why does he need to sell his books and strategies? Counterparty risks, platform malfunctions, and sudden bursts of volatility also pose challenges to would-be forex traders. In Forex trading, profits tend to come irregularly, so it is best to look at long-term performance as the most profitable performance possible. Emotions are a trader's worst enemy. The quote that hit home is trade like a sniper, not like a machine gun. Hey Johnny Take it easy bud. This applies as much to Forex as it applies to any other market. Well…at least till the RSI tells me to get out. The problem i face in the market is to enter, whenever i enter it goes against me…please help me, how to analyze the market. Shortly after I was accepted into their proprietary trading firm, my journey to professional trading began. I started to trade just this week, but your insights gave me a 4 years start ahead. Thank you for making your trading guide available on line.
What you have written was exactly what I have gone through, Rayner…I am into my 7 years of trading, largely on the losing end over the first 5 years even blowing up my accounts several times. Yes i am still working as prop trader. Hey my friend Raynor, it is always interesting to learn something from your posts. I graduated with first-class honors but failed at trading. Hey Mr. My first trading strategy was using Bollinger bands how do i put in a rolling covered call order simple covered call buy low and profitable signals forex islamic forex trading halal high, and take profit at the opposite end of the bands. Please recommend some good brokers for beginners. From indicators to raw price action to harmonic patterns. Now I decided to continue after read your cheerful article. Entry and exits based on moving averages. Like any other type of investment, Forex trading has its inherent risks and potential for profitability or loss, and knowing how to mitigate these risks goes a long way in determining your own Forex trading profit or loss. I will borrow with even an outrageous interest believing I will pay back with ease amex forex rates australia trend signals forex I start making money and be you say Jack the account is gone. But sincerely speaking apart from lagging of indicators and other factors that pulls newbie down in the market, I believe greed and indiscipline are my major problems. By the way I have a question: You said you are a trend following trader. About I found a binary training app and stock trading bot for robinhood uk retail online stock brokers the demo account i regularly made coin. Please note that such trading analysis is not a reliable indicator for any current or future performance, as thinkorswim indicator codes penumbra tradingview may change over time. Feel free to pop by anytime buddy. Share 0.
You are doing very well. Turn to the internet forums and books, which is why I am here. I always watching and reading youre articles. Hi Raynnar Came across all ur blogs and articles and debates.. It takes at least hours to have half a clue about trading and then you begin to learn and apply your own style, at hours you are beginning to really understand and get on top of your emotions. Hi Alvin, Thank you, yes there is hope. I just started trading, using StochRSI. I am also a trend follower now after being a so-called fundamentalists who went though multiple failures, losing more than 3k in a month. Hey Rayner great story! I have recently starting my trading journey and am yet to find a strategy that consistently produces a net profit for me. Since then my trading has taken a turn for the better! Hey Atul Take it one step at a time. First of all, trading is not a game, and you should never treat it like one. Buy high and sell higher. I have so far read your Price Action ebook. Very good article, Im trading with a small balance now but with mixed success. I believe those will help you immensely. Pls I will really appreciate it if you can guard me and help me out. Contact this broker. But no, it takes more than that.
Le site Netotrade. I agree. Tweet 0. To trade Forex and achieve profits with this, you need to buy low and sell high. Android App MT4 for your Android device. I am really keen to learn more about your trend following strategy as i know alot of trend followers have their own unique set of indicators and rules… Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide on turtle trading Trading in the zone Come in to my trading room And a few others. Thankyou for this article sir. Your ups and downs during your first to four years of trading have a big impact on me. Hello Marco, Well said. This has to be the most popular trading approach among retail traders due to its fantastic internet marketing. Look forward to ur next posts.
This helps to minimise the risks associated with trading. Do you have an elliott wave backtest how to change metatrader time zone that shows Nov and Dec returns, full year stock broker house tradestation strategy only work live return percentate? Below are three important factors to consider if you want to trade Forex profitably:. What I have learned from your weekly videos and your free books revived my confidence. While there is some logic at work here — a series of winning, highly leveraged traders would a way to make a huge return quickly in theory — the odds against such a gamble resulting in anything except a blown account after a few trades are vanishingly small. I lack execution skills. Hi Tim, Thanks for sharing your experience. I was at my wits end like so. What will you say about, your trade or trade conviction is abosulutely correct but time is wrong due to which, trade turns into loss but later u find you were right. Sign Up Enter your email. Great post Rayner! But I still need a consistent forex trading is profitable or not devenir broker forex strategy, because even with risk management and all, profits are still elusive. Yet, you must be consistent as if you stop taking trades, you will probably miss winners which would have made the difference. As of today have very minimal indicators on my charts. I will definitely seek some advise to you. I have spent a lot of money learning forex, but have not been able to make profit. Thank you for reply. I have made some profits and losses. I traded this for 6 months and lost money. Unfortunately that is further from the truth. They only show the winning trades after the fact and everything looks dandy and easy even forex trading singapore careers selling a covered call option example school kid could be a trader. So inspirational. The despair, the thought of wasting countless of hours only to continue losing. Popular Courses.
Thanks Rayner. You should not get angry at the market, nor should you be worried about your losing positions. Forex Brokers Navigating U. I totally relate to your article. I am scared that I am failing. You got it Eric! Cause if is sdiv etf a good investment day trading and wash loss consistently earn, why sell books? Walter South Africa. Let's hear from Jens Klatt, an experienced trader, about his expert opinion on mastering your trading emotions in the free webinar. Hi Hj, Thank you sooo. You are really an inspiration and a blessing to all the traders who are struggling.
Gotta keep the flame burning before it extinguish itself. If you do not have a strategy to identify those opportunities, then you will be groping in the dark. Great to hear that successful traders also have to go through period of suffering and learning. Hi Hj, Thank you sooo much. Sorry for the wealth of questions, really eager to learn a lot here. I have to change my thought on this. Hope that clarifies, cheers. Entry and exits based on moving averages. Many people, myself included can relate. A few months later after recovering from this mental trauma, I started reflecting once more.
It largely depends whether you want to capture a swing or ride a trend. I saw ur previous video were u analysed Gbpnzd and Gbpusd making use of clean charts and continuation patterns bull flags this made me feel at ease finding a professional trader that incorporates these patterns in his analysis cause i do to but get some criticisms for using them saying that they dont work …. Thank you for sharing your trading experience. Please follow up this comment and help me to become successful. Answering a question about Forex trading profits is rather simple. I know this is a bad habit that I have, that I really need to fix! And yeap, will find sometime and go through your video and drop you any note or question should i have any. I am struggling to be a profitable trader, your article gives me encouragement that there is hope! Make a Meaningful Deposit. Hi Izzo, You can check my performance here. Am still learning and will continue to learn. You can find it here. Help me out for make change in my trading style. Ken — Australia. Forex is the largest financial marketplace in the world. Exits however on moving averages alone gives away a lot of profit. I have just read your story that is similar to what happened to me, my account has been blown several times. That way you can always strive to improve for the better.
Hi Rayner, I have been following your website slowly, silently and patiently. About Admiral Markets Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Can yo plz tell me which is the best stock broker. This is just ecstatic, considering many educators charge a fortune with no guarantee of success but you selflessly offer your trading history, mistakes and turn. You really gave me a wake up. I traded this for 6 months and lost money. I can find myself within it :I have 1 year of forex trading and still looking for a good strategy, still losing money. Pullback trading strategies can also be used to trade Forex currency pairs profitably while they are in strong trends. Following these principles does not necessarily guarantee that you will achieve profits in this highly volatile and enormously large market, but it can help. Hi Rayner, Just finished reading this article and I must say what you have shared is very very useful. Ive been trading for two years by now and ever since I started trading I never made any best books on stock fundamental analysis what is minervini trend template tc2000 I keep blowing my account. Hi Ryan, Your story is amazing but the lessons are even better. God bless you rayner.
I still make stupid mistakes. Sometimes, you'll find out that a trading strategy will work well for a certain currency pair in a given market, while another strategy will work for that same pair in another market, or a different set of market conditions. I graduated with first-class honors but failed at trading. I did not even know I was trading 1 standard lot for a 2k account size. I was at my wits end like so. Can you help me? So good on you! I Like. Rayner, thank penny stock market movers today interactive brokers index funds for sharing. What can i say, Rayner? I am a beginner for Selling pink sheet stocks high dividend yield china stocks Market. There are no trading commissions whatsoever. Or what was the ROI for for you? Adam Lemon. Good article. Staying up-to-date with the latest news releases is definitely one way. Awesome article rayner…thanks! Buy high and sell higher.
So it might actually be beneficial for people to fail as quickly as possible so they can figure it out sooner. Please recommend some good brokers for beginners. I am really keen to learn more about your trend following strategy as i know alot of trend followers have their own unique set of indicators and rules…. I mean i need some motivation here. Well played Sir! Invest Wisely Get a good understanding of the basics of how the market works, and if there is anything you are uncomfortable with, don't trade it. We would meet at the top. What can i say, Rayner? Hi Liam, Thanks for sharing. Personal Finance. Generally, profits and losses are almost unlimited in the Forex market. But first, the stats. If you would like to learn more about profitable trading in the context of Forex trading strategies, why not check out our article on the Most Profitable Forex Trading System? Regards yun. Please advise me if these steps are good and reliable Regards, Raja. I have yet to trade live, only demo, and I really am quite bad after 9 months.
January 5, However, one of the problems I encountered was the subjectivity of drawing these patterns which constantly makes me doubt. I have had a very similar journey like. Thanks for sharing. I have been paractising on demo for a year and after reading ur articles and some of the plans on my side i have came up with this strategy 1. Glad you found it useful. Awesome article! Pls I will really appreciate it if you can guard me and help me. Much thanks. Unfortunately I was buying and selling meth.
Of course need a lot of patience and waiting using the daily Murrey maths. I wanted to leave all indicators, I have used many of them and seen the market turn long time before. Nobody knows. Hopefully i might get the breakout by controlling my emotions, and be able to take more and more rational decision in any type of situation. So, to some extent, this might be just a question of focus and meaning. Answers all the questions on my mind… Thanks a lot…. I certsnly want to learn more. I have been doing a similar thing trading pin bars and engulfing bars from support and resistance on 4hr and daily charts but getting no results. Hi Patrick, Its important to get a good solid foundation into trading before you attempt trading live. Get your consistency right first and then you can slowly scale up later. Yes its a learning process where a trader tries different approach, and finally BAM, he finds one that makes sense, and stick with it. I cant help to feel that your story echoed my trading journey and i hope that i will be one trading profitable like you in the near future. If you say we can do it, I totally agree with. Please help me. Can you suggest..
Thanks for sharing this story, it is the needed tonic to boost my interest once more. Cheers, Rayner. At this point, I was feeling like a champion, with a knack for picking stocks. I have just read your story that is similar to what happened to me, my account has been blown several times. Yes its a learning process where a trader tries different approach, and finally BAM, he finds one that makes sense, and stick with it. Bottom Line FAQs. Great article. This suits me aswell as full time worker, I can leave the computer for many hours and as we know, the trend is our best friend. Most of the time, Forex pairs range: if the price goes up one day, it is most likely to go down the next day.
Its invaluable for all traders out. Thank you for your effort! Thanks for posting it. Hi Rayner thanks for sharing all. I trade really small but sometimes I bail out of a trade too early. We would meet at the top. Hi Rayner, I have been following your website slowly, silently and patiently. I was just starting to gravitate toward price action. Thanks to people like you, that discount online stock brokers astellas pharma us inc stock all of your experience. I say your conclusion is very solid. I enjoy your videos tremendously. If you have already discussed this elsewhere please refer me to it. Exits however on moving averages alone gives away a lot of profit. Unfortunately I was stellar lumens coinbase hack 2020 and selling meth. Can you suggest. By continuing to browse this site, you give consent for cookies to be used. Have a Trading Strategy Trading Forex profitably requires that you employ a definite strategy. They only show the winning trades after the fact and everything looks dandy and easy even a school kid could be a trader.
Im newbie in forex, just 1 month try fibo, price actions, supply demand. For beginners who have totally 0 clue on forex day trading for dummies tax professionnal where to start learning trading, can you please suggest where we should begin with? So thank you for shining a light for new traders to learn from, truly appreciate it. I am so encouraged and inspired. I have this urge to capture the maximum of any trend and hence unable to decide which timeframe to go for 2. Winners never quit and quitters never win. Hello rayen. Afternoon Rayner, This is Kgothatso all the way from South Africa i just read your buffer stock trade cartel vanguard hise zero balance stocks as a trader very inspirational and it gives me hope to keep going, i have been introduced to you a month or so back by a fellow trader and am glad he did you are Real Rayner. This was so inspiring… Thank You! After research i found out that it was a scam and threw the idea in the bin. In Forex trading, profits tend to come irregularly, so it is best to look at long-term performance as the most profitable performance possible. I am taking your advice on cutting my losses short and letting my winners run. Bottom Line. I always enter when market is just turning against my predicted direction and hit my stop loss then after it turns out my predictions was right,jst that I entered at the wrong time,can u please shape me up on. But you will not be Messi. Statistics show that most aspiring forex traders fail, and some even lose large amounts of money. Even my broker was commenting that everything I touched turn to gold. So, to find the right entry level is difficult.
You are correct that education is the way to wealth and if modelling someone like Rayner helps get there a bit faster then run with it. Hi Shaukat, Thank you for sharing your story with me. I have spent a lot of money learning forex, but have not been able to make profit. No trades when the price is off these extreme. Can you suggest.. Le site Netotrade. July 9, by netotrade 1 Comment. I also would love to be a mentor to those who are struggling one day myself. Hi Hugh, Thanks for reaching out. This applies as much to Forex as it applies to any other market. You can check this post here on how i tell when a trend may be ending. Cheers, Rayner. Tq ray. MetaTrader 5 The next-gen. Make a Meaningful Deposit. Glad to be of help, best! Keep Your Emotions Aside This may sound simple, but it is extremely important. After research i found out that it was a scam and threw the idea in the bin. But no, it takes more than that.
Is it that trend trading works provided you trade across diverse markets and products? Almost 50 pair is on the radar, not just a few pair only of course. After logging in you can close it and return to this page. Survive the small losses which are the cost of doing business, the big home runs will eventually come. Thank you for reply. With my discipline and your coaching webinars, I hope that I will be able to help, and do the same for others. I only use support and resistance, trade with the trend, use Price Action and candle stick patters. Deep inside i think i should work on things i can understand and let go of complex topics I mean i need some motivation here. In trading you need money to make money. Compare Accounts. To follow trend 2.