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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Trading doesn't offer a fixed monthly income.
But it can give you the freedom to earn much more if you're willing to put in the work and take calculated risks.
[Do you really need both Stochastic indicator & RSI?]
Well, they are similar but different.
I’ll explain…
The stochastic indicator and RSI are similar because they are both momentum oscillators.
In other words, they measure momentum in the market and their values range between 0 and 100.
But how are they different?
Well, the calculations that go into the stochastic indicator and the RSI indicator are different.
However, they use the same concept which is to measure momentum.
Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).
So, the bottom line is this…
If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.
Most broke people can't be successful traders.
The desperate need to make money often repels the very thing you seek.
Get a job first, build a solid foundation and then figure out trading.
Go slow to go far.
If you're serious about trading, then you MUST have a trading journal. Here's how to create one step by step…
Learn More 👉 https://www.tradingwithrayner.com/trading-journal/
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Everyone wants to become a professional trader without really knowing what it means.
So here's the truth and what it takes to become one…
Learn more 👉 https://www.tradingwithrayner.com/professional-trader/
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In this trading guide, you'll discover:
1. A complete trend following system to profit in bull & bear markets.
2. How to immediately boost your returns without increasing your risk.
3. How to ethically “steal” hedge fund’s winning strategies.
And much more...
Grab a copy (FREE) 👉 https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
Bollinger Bands Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/bollinger-bands-trading-strategy/
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ATR Indicator Explained
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Trading is the transfer of money from people who f*** up more to people who f*** up less.
Читать полностью…
How To Build A Profitable Trading System (Even if You Have No Experience)
Learn More 👉 https://www.tradingwithrayner.com/build-profitable-trading-system/
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[Don’t demo trade for too long]
So, how long should you demo trade?
One month?
Four months?
One year?
The truth is that it depends…
If you’re a day trader, then you may want to consider demo trading for one month
If you’re a swing trader, however, then you may want to consider demo trading for three months
The concept is that the higher the frequency of your trades are, the less time you should do demo trading, and if the frequency of your trades is lower then it’s the opposite.
Remember…
Your goal in demo trading is not just to test whether your strategy works.
But to see whether or not your trading plan or trading routine is for you so that you can make tweaks along the way.
Trading is the hardest easiest money to make.
Читать полностью…
[You don’t need to monitor your trades the whole day]
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
Nope.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
-Weekends = Identify potential trading setups for the week
-Before work = Identify setups that are triggered and place your orders
-Lunch time = Check your portfolio and see if your trades are executed
-After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
-Before market hours = Identify potential trading setups for the day
-Market hours = Set alerts when the price comes to your level and trade it according to your plan
-After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
Winning rate alone is meaningless.
You can have a 90% winning rate with an average gain of $100.
But if your average loss is $1,000, you still lose in the long run.
Solution? Look at both your winning rate and risk-to-reward ratio.
You can't look at one without the other.
[When it comes to trading indicators, less is more]
Here’s the thing:
Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.
You’d probably get better results if you only had a handful of indicators on your chart!
That’s why we want to have an indicator that can single-handedly:
-Determine your entries
-Determine how you’ll take profits
-Determine your stop loss
Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.
How to tell when Support or Resistance will break so you don’t get caught on the wrong side of the move
Learn More 👉 https://www.tradingwithrayner.com/support-and-resistance-trading-strategy
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Are you confused by the sheer amount of trading strategies out there? Well, turns out there are only 5 main trading strategies and here’s how they work…
Learn More 👉 https://www.tradingwithrayner.com/5-types-of-forex-trading-strategies-that-work/
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How to identify the direction of the trend without second-guessing yourself. Here are 5 techniques you can use…
Learn More 👉 https://www.tradingwithrayner.com/best-trend-indicators/
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[A stop loss order will save your trading account, here’s why…]
A stop loss order is a type of order that gets you out of a trade automatically.
It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.
Now…
I’m not going to lie to you…
It hurts taking a loss…
Even if it’s just a losing trade.
But how would you feel when your stop loss order got hit, and the price went against you even more?
Except…
You’re not there to take the hit.
You feel relieved, right?
Not only do you free up space on your portfolio early to look for better trading opportunities.
But you also prevented a huge potential loss.
Can you see why this is important?
That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
[Get out of demo trading and start small]
Now…
It doesn’t matter whether you want to start with $100, $500, or $1,000.
What matters is that you get out of demo trading.
Start trading live.
Start trading small.
And start practicing good trading habits.
I know the feeling of being nervous when live trading for the first time, and that’s okay.
But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…
You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.
Sounds good?
Trading is not for snowflakes.
The market is rigged against you. Your emotions sabotage you. The prize is only for a few.
Only those with a high pain tolerance should play this game.
The Essential Guide To Reversal Chart Patterns
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I’ve read hundreds of trading books and most are a waste of time.
However, there are a few trading books that transformed my trading.
These books contain trading systems with backtested results (not some theory that sounds good on paper).
This means…
• You save time because you don’t have to read books that get you nowhere.
• You save money because you don’t have to buy worthless books.
• You shortcut your learning curve by standing on the shoulders of giants.
Interested?
Then grab my list of top trading books here…
https://tradingwithrayner.kit.com/1bcc67204f
9 Things Professional Traders Do That Losers Don’t
Learn More 👉 https://www.tradingwithrayner.com/what-professional-traders-do/
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The Essential Guide To Trading Multiple Timeframes
Learn More 👉 https://www.tradingwithrayner.com/multiple-timeframes-trading/
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This is a 31-page trading booklet that contains a specific trading system that has generated 1451.74% since 2000—and has 18 winning years out of the last 20.
Learn More 👉 https://pullbackstocktradingsystem.com/
Can You Make Money Every Day From Trading?
Learn More 👉 https://www.tradingwithrayner.com/make-money-trading/
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11 Trading Lessons I’ve Learned From 11 Years Of Trading
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Swing Trading Techniques That Work
Learn More 👉 https://www.tradingwithrayner.com/swing-trading-techniques/
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