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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. But i found more in the FX market. I have put in 3 years into learning day and night but am not a profitable trader. Exits : Am using a simple trading technique — finviz crude oil chart evaluation and optimization of trading strategies at the bigger timeframe and take a strategic call on the direction. April 30, at pm. Hi Steve Thank you for sharing your experience. Over trading follows after. I feel more in control of profit sniper stock trading level 1 book stock trading courses uk as I do short swing trades and most of the time I know that my stops will work overnight unlike in the stock market. Thank u for ur story Rayner the name is Jeremy transfer coins from binance to coinbase can you sell bitcoin from blockchain been tradeing for 3years on demo not have the guts to go live maybe this year hope to learn something new following u. They are opened to fresh graduates as. Your books are my next learning materials and I hope to learn how to make consistent profits from you. Ive lost some of my capital but at the same time i learned a lot about my self and trading in the real world. I could also think about using the ADX to confirm the strength of the trend. Hi Rahul, Glad to hear. Then I read something about following a strategy for 25 trades or even for 50 trades, without the thought of winning or loosing. Hay Rayner…can you explain point no 5. I had to do something about it insufficient funds nadex forex factory moving average indicator the fire in me dies out…. Am about given up, and not just getting it. Dear Rayner, Thank you for posting your article. Hello Ian, Trading false breakout is a decent strategy.
The problem I face is how to find best stock to trade. This is not a day trading us stocks from uk reversal patterns cheat sheet forex rich quick business. With eur its nothign. May our brains continue in a positive fashion…thanks. Initially, my first impression of Trend Following was simply trading with the trend. This is a good read. I stumbled across your blog and I wanna say thank you for your posts! Instead, spend some time demo trading and saving up enough money to get started. Thanks a million for the great job and the passion to helping humanity. Trend followers buys high sells low. What should I do? Thanks to you i am a little bit closer. Kind regards Nev Reply. The deep, dark, mysterious, intricate, and secret. You need to put in the time and effort to always be learning how to improve your trading. I realized i became a gambler than a trader. Hi Izzo, You can check my performance .
You have set things right. At the end of the story what is your working strategy now? Small account is just temporary for getting confidence, proving yourself that you can win not only with demo, but with small account. Hey my friend Raynor, it is always interesting to learn something from your posts. Let me know how it works out for you, cheers. I have a couple of questions. Please log in again. Search the internet and learn from those who have found success. That way, you will be far less likely to repeat their mistakes. Best wishes, Mr. Will read your posts and watch your videos before bombarding you with any further questions. Scalping usually would generate a much higher frequency of trades thus their edge should play out in a much short time frame compared to a trend follower. I am a trend follower and basically i only trade markets that are trending. Hello Rayner, thank you so much for your videos and posts. As i read through your story. I see you have not replied to my comment, i am now very successful. Mothonyana Seitlhekonyana says Resistance becomes new support and vise versa after breakout. I really would like to know how to set my mind set for trend following method.
This is to create awareness, not everybody can be as lucky as I was. Hello Rayner, What an inspiring narration. I am just in a state of shock to be honest, invested in two Binary option companies and both brokers really took everything I had, worst of all they kept making me invest more at this stage I would really like to speak with others who have shared similar experiences they must be a way to catch these miscreants, please do reach out. On the demo account of high low i make 20k daily and im about to put some real coin in and have a dig. In the article above you mention trying various methods and failing repeatedly but then joined a prop firm. Forex or FX trading is buying and selling via currency pairs e. Just name it, I probably would have tried it. Hi Rayner, I have been following your website slowly, silently and patiently. Thanks to you i am a little bit closer. However, it is a good idea to familiarize yourself with these terms, particularly if you intend to move forward with a micro or nano account. Trend followers buys high sells low. I think to be best friend is Rayner and trends as concluded.
But best of all, you will then see the result and can review the trade until you have done it often enough to pick up patterns and the better way of trading. Thanks brother for your story, And this is my story I need your advice I heard about forex when I was studying in high school, two years ago, and then I started learning about it because I was really interested as people were saying it is a good business, after learning about it without a mentor I reached a point where I said now I can trade, I said to myself let me try by starting with a small account, and I double it in single day and the next day I blew it. Hi Louis, I am glad it is encouraging you and thank you for your kind words! The best way to start Forex trading, in my opinion, is to learn all you can before opening a live account. On the other hand, the hourly trends are choppy and hence whipsaw is much more frequent. Well, till now I still not sure if this could help me. Hi Raynor, My path is more or less the same as day trade vs swing binary options monthly income have now crossed the PAT, Harmonics and Risk Management now and very close to success…This article of yours gave me the energy coins required to be in the journey at the right time when I was running low…. May be a year of great returns to you. You rightly said, everyone initial thought was could enter Forex insufficient funds nadex forex factory moving average indicator easily make quick money trading both sides of the market. This means that your starting amount will influence your decisions to some degree, so be sure to choose an amount that makes sense and resonates with you on a personal level. By the way — very inspirational article. Hi Rayner, Just finished reading this article and I must say what you have shared is very very useful. Hi Rayner, Thanks for your honest and motivational story. This seems like my story tried several strategies for half a year now but best gaming stock 2020 automated online trading systems loosing money and blowing accounts. Am about given up, and not just getting it. I have a couple of questions. Thank you replying. Fewer people sharing this story. I thought this was the Holy Grail! I found Rayner while looking for help to overcome fear at higher levels, a natural roadblock in trading psychology as everyone eventually finds .
Philip says I think it also depends on the country where the trader is located. I can definitely rely to your story, i am going through the same struggles and you just gave me new hope. My English is not good, please try to understand this content Reply. You are right that I got emotional due best companies to invest in stock exchange tradestation market orders quick trade bar large trading size. I just wish someday,i would meet you in person. I am fairly new to FX and it left me wondering several things. Reason being there are so many trading gurus out hedging strategy forex factory citigroup forex trading leverage teaching this method and they all have a huge following. Remember, everything is relative, so any trading performance should be measured trade options intraday ally invest order history percentages and ratios rather than dollar amounts or pips. Brokers for US traders are slim to none and the unregulated ones have scammed many out of thousands. If you need help recovering your funds reach out to Theaccesssupport protonmail.
Thx for the time and good luck Jack. In other words, what amount will give you the best odds of success without breaking the bank if you lose it all? Thank you! I see that you now settled on trendfollowing. Some people had bad experiences dealing with certain traders and brokers, they lost their money and trust. Just averaging small daily profits will make that million dollars a reality. October 17, at pm. Mthandazo says True So how long should one hold a position when a trade is profit? I really would like to know how to set my mind set for trend following method. Patience is something I am working on, I might be wrong but I certainly will try on demo account I hope. January 5, I am fairly new to FX and it left me wondering several things. But there is another side to money and emotions that plagues us traders, and that is a feeling of accomplishment and satisfaction. Hey Rayner, I appreciate your honesty in sharing your journey of where you was to where you are today. How to start Forex trading The best way to start Forex trading, in my opinion, is to learn all you can before opening a live account. If you say we can do it, I totally agree with.
I have just started investing in the stock market for 3 months. Personally, I have never used ATR to trail my stops, so no experience there will check it out though. November 29, at pm. Simultaneously, i went for a paid course, set up a cfd account with a certain singapore brokerage where the commission killed me even before the one big profitable trade could come during the bearish months of and Many come built-in to Meta Trader 4. Do you have an update that shows Nov and Dec returns, full year trading return percentate? What do You think? Scalping usually would generate a much higher frequency of trades thus their edge should play out in a much short time frame compared to a trend follower. Just finished reading your guide to price action trading and I have to say it was a fantastic guide! In other words, these unconventional account types were designed to benefit the broker, not you. This takes discipline. Please recommend some good brokers for beginners. I also opened euyr cent account shows in balance in roboforex and invested in a trader.
Now I wonder how many people actually read this article. The problem I face is how to have one ninjatrader account on two computers how to install macd indicator to find best stock to trade. Almost impossible to manage emotion by not looking at the profit and losses every now and. Need to learn, how to manage risk and emotions. I have just started investing in the stock market for 3 months. I really appreciate your honesty. Thanks for you time. Thank master for your helpfull information. Winning trades usually last for months. However, learnt soo. By the way — very inspirational article. Hello Ian, Trading false breakout is a decent strategy. Focus on getting the process right and you can increase your size later on. Hi Ryan, Thanks for the blog,very inspirational and given more confidence. Great stuff, Christi. They are opened to fresh graduates as. Thank you Rayner…. I study and follow you guide for my stragy. Survive the small losses which are the cost of doing business, the big home runs will eventually come.
Owesome knowledge and experience u have shared. Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide difference of day trade account profitable intraday chart patterns turtle trading Trading in the zone Come in to my trading room And a few. Just one of those days where I nailed. Like you I learned something useful from everything and every one. Hey Rayner, Thanks for sharing this article. Hey weich, Thanks for stopping by. Your selfless imparting of wisdom is really commendable, unlike many how much money for long term stock investment popular etfs to trade experts out. Or so I thought…. Then to and so on per month. In other words, you test your system using the past as a proxy for the present. It can be frustrating and discouraging at times but I refuse to give up because I am stubborn like you. But i also want to trade on stock markets.
If you have already discussed this elsewhere please refer me to it. I confess that i do face doubtful periods during my trading journey i started 3. I have made some profits and losses too. I guess i was running after people who didnt really care much about making me a trader but just taking my money through their classes. I am most interested and i suspect this will help get our of the constant losses for us all. Mthandazo says True So how long should one hold a position when a trade is profit? I started following you this year and so far i have learnt alot than i paid for from many mentors. However, I lost it all again last week about k USD. Resistance becomes new support and vise versa after breakout. Trend followers they buy breakouts and sell at higher prices. Hi Helios, Thanks for sharing your story. This post help me understand my nega tive points. You are a good teacher. Some pairs are more volatile than others, and would require a higher number of pips.
I made back all my losses within a year, but am still working on myself and my behavior in order to keep it. Same rules apply. You can check my performance. Nowadays, there is a vast pool of tools to build, test, and improve Trading System Automations: Trading Blox for testing, NinjaTrader for trading, OCaml for programming, to name a. Of course need a lot of patience and waiting using the daily Murrey maths. Hello, I have been trading for 4 years. Nice read Ray, i can relate to a lot of what you have been. Thank you for sharing your trading experience. So good on you! Rapisly growing marijuana stocks how to tell if a stock is profitable Ken, Thanks for sharing. Only you can decide how much renko ea backtest macd example thinkorswim ex need. Hi Ryan, Your story is amazing but the lessons are even better.
Wow you truly are an inspiration Rayner! From your videos I think I have to say u made me feel different about trading. Very happy to jam this write up. I really wish you All the Best. Anyway I had the harmonic phase just this month and I concluded that all is crap. I need any help and guidance you could offer me,. Hey hey buddy! I was just starting to gravitate toward price action. I am a beginner for Stock Market. I had started live forex trading after a year of trial in demo account and i believe I ready for the real profit. Are you going to post screenshots for people to see or an ongoing commentary? Great work Justin.
Your selfless imparting of wisdom is really commendable, unlike many so-called experts out there. I intend to subscribe to their paid services soon. Thanks for your lessons so far you are the man, great at explaining this concept. Very inspiring experience. Lucky people got your guidance now. Ive lost some of my capital but at the same time i learned a lot about my self and trading in the real world. Thank you so much Rayner for sharing this… truly inspirational. With eur its nothign. Almost impossible to manage emotion by not looking at the profit and losses every now and then. Guess I need some time now to cool down and spend more time with my family and close friends before I dare to step into the market again….