Forex Tradingwithrayner

[Xunister]

Hi Xunister,

The cold hard truth is you need money to make money in trading.

So how much you can make is relative to the account size you are trading.

Example you make 30% a year trading, with a $10,000 you are looking at about $3000. If it's a $1m account, it's $300,000.

3000 is enough to start trading, but you have to manage your expectation of the kind of profits you will get in return.

I can hold my positions anyway from a day (hit stop loss) or a few months if i do catch a trend.

Hope that clears up, let me know if you're still unclear.

Rayner

Hi Rayner,

Thanks for the reply, I intend to start small with conservative mindset. Wouldn't want to go into an aggressive mode and wipe out my account with a single click.

 

[CookieMonsta88]

Hey Rayner,

as a trader, how long would you usually hold your position to reap an acceptable amount of profit?

Also, would three thousand dollars be just right for a person to start on Forex? I'm still trying out on demo account though.

If u trade with a market maker, like oanda, the trade size can be smaller, and even 100sgd is enough, because they let u take lesser than 0.01 lot, which is 1000 notional, and 0.01 lot on audusd pair requires 22sgd margin for a SGD account, with 50x leverage, however, with an account like 100 dollars, u might need to view it as a learning account or growth account

 

[prudent76]

Feel free to try out this little experiment yourself. As always, comments are welcomed and encouraged. Cheers!

Rayner

This is the most awesome video ever made by you. It demonstrates with clarity confirmation bias when using trend-lines.

This then begs the question if this is applicable to the use of MA's.

 

[prudent76]

I used to use Fibbo lines extensively. It took me a long time to realise success using Fibbo lines along with most other trend-lines were no better than random. However, they do seem to work on 1 minute charts during the New York and London market hours. This is just purely from observation with no hard data to back it up.
All in al, paying attention to what the video has to offer will shave months off your learning curve if you are new to trading forex.

 

[tradingwithrayner]

I used to use Fibbo lines extensively. It took me a long time to realise success using Fibbo lines along with most other trend-lines were no better than random. However, they do seem to work on 1 minute charts during the New York and London market hours. This is just purely from observation with no hard data to back it up.
All in al, paying attention to what the video has to offer will shave months off your learning curve if you are new to trading forex.

Hello prudent,

Thank you for your kind words, i'm glad you liked it.

Yes you are right our human minds tend to find patterns in large random set of data. Even for moving average, i don't use them all the time as well.

I use them only when i see historical patterns when price bounce off them. It could be mere luck perhaps.

But having an edge in the markets don't just stem from entries alone. There's risk management, exits, position sizing as well.

Cheers!

Rayner

 

[tradingwithrayner]

How To Use Relative Strength To Improve Your Trading

In this week's analysis, I talk about how I use relative strength in my trading.

By identifying the right markets to trade, you will notice price moves much more in your favor and pullbacks tend to be shallower against you.

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[Shalomp]

I used to use Fibbo lines extensively. It took me a long time to realise success using Fibbo lines along with most other trend-lines were no better than random. However, they do seem to work on 1 minute charts during the New York and London market hours. This is just purely from observation with no hard data to back it up.
All in al, paying attention to what the video has to offer will shave months off your learning curve if you are new to trading forex.

hi prudent76,

nice to see u sharing your opinions so people like me can learn as much as possible. would u mind elaborating on your strategy/system? your charts look clean and it seems u don't use much indicators and that's intriguing to me

 

[tradingwithrayner]

The 10 Biggest Trading Myths That Just Won’t Die

When I just started out trading, I quickly realized that there were so much information on trading that it is difficult to tell which are facts or myths. So I spent a lot of time doing trial and error in hope of find something that is valid and useful to me.

It is only after years of trading that I realize simple is better and what may seem obvious may not actually be. I hope by sharing with you these trading myths, you can avoid the unnecessary frustrations of what I went through and fast track yourself to profitable trading. So what are the 10 biggest trading myths that just won’t die? [continue reading]

Rayner

 

[tradingwithrayner]

95% Of Traders Fail To Short This Market

NFP has rattle the markets last week, but at the same time it presents great trading opportunities! This week I will be covering Eurusd, Gold, 10 year treasury and much more.

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[tradingwithrayner]

I Got Stopped out 4 Times In A Row Trading Natural Gas!

Trend following is easy to implement but not easy to follow. You can be stopped out many times in a row over a short period of time.

When that happens, many will start abandoning their trading system thinking it is set for failure and look for the next big thing. But if you have traded long enough, you know this is simply the cost of doing business as the markets will always find a way to humble you. [continue reading]

Rayner

 

[sg111111]

EUR.SGD drop 2000 point today~ what going on ?

 

[doomace]

Hey Rayner,

Do you recommend any idiot-proof sites for beginners to start trading? Would love to get into the world of trading. Any reply is much appreciated!

 

[tradingwithrayner]

Hey Rayner,

Do you recommend any idiot-proof sites for beginners to start trading? Would love to get into the world of trading. Any reply is much appreciated!

Hi doomace,

Learn Forex Trading With BabyPips.com would be your best bet.

Let me know if that helps!

Rayner

 

[tradingwithrayner]

When Should You Set Your Trades To Breakeven?

I hope you have enjoyed this week’s video post. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[Shalomp]

Trend following is easy to implement but not easy to follow. You can be stopped out many times in a row over a short period of time.

When that happens, many will start abandoning their trading system thinking it is set for failure and look for the next big thing. But if you have traded long enough, you know this is simply the cost of doing business as the markets will always find a way to humble you. [continue reading]

Rayner

Hihi! guess its pretty common getting stopped out numerous times before hitting that big move like what we saw in oil and usdyen. some traders take a break and stop trading after they get stopped out a certain number of times in a row. do u do that as well?

 

[tradingwithrayner]

Hihi! guess its pretty common getting stopped out numerous times before hitting that big move like what we saw in oil and usdyen. some traders take a break and stop trading after they get stopped out a certain number of times in a row. do u do that as well?

Hey Shalomp!

Yah i would say some discretionary traders would take a break to regain their composure.

But not for me, my trading approach is pretty much 90% systematic so i just keep firing trades after another.

The main thing is to have proper risk management so i don't suffer the risk of ruin. And when better days are ahead, a few trades is more than enough to recover all the little losses along the way.

Cheers!

Rayner

 

[Shalomp]

Hey Shalomp!

Yah i would say some discretionary traders would take a break to regain their composure.

But not for me, my trading approach is pretty much 90% systematic so i just keep firing trades after another.

The main thing is to have proper risk management so i don't suffer the risk of ruin. And when better days are ahead, a few trades is more than enough to recover all the little losses along the way.

Cheers!

Rayner

impressive!

 

[jgyy1990]

Just wondering will euro continue to fall...

 

[tradingwithrayner]

Awesome Trading Opportunities In The Market! (And no it isn't Eurusd)

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[blurinvestor]

Hi Rayner,
What is your take of yesterday drastic movement.
TIA