The Real Rayner Teo

2023-12-18 15:23:43 The Complete Guide to demo Trading

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2023-12-18 04:00:49 Trading is not a job.

It’s a business.

An identity of the 5%.

An individual who is in control.

A belief that you can achieve when others fail.

An expression of your thoughts, feelings, and attitude—without discrimination.

Trading is freedom. Open / Comment

2023-12-17 15:44:59 How To Use Fibonacci Retracement (The Definitive Guide)

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2023-12-16 04:00:51 [Make it painful to not follow your trading plan]

Here’s the thing:

Just because you have a trading plan doesn’t mean you won’t have itchy fingers.

Because you might lack the discipline to follow your trading plan even though it’s good for you.

(Kind of like how you don’t eat enough vegetables even though you know it’s good for you.)

The solution?

Be accountable to someone. It could be your spouse, a friend, or someone you trust.

Let them know whenever you deviate from your trading plan, you’ll be penalized.

The penalty could be something like:

• $50 donation to your favourite charity
• Wash the toilets for a week
• Do 100 push-ups

You want to make sure the pain of not following your trading plan is greater than following it.

This way, the mind gravitates toward the least amount of pain which is to follow your trading plan.

This means your actions become consistent and you get consistent results. Open / Comment

2023-12-15 04:00:00 Trading can never replace the consistent income of a job.

Because it’s not a job—it’s a business. Open / Comment

2023-12-14 15:23:25 Are you looking for a reliable Forex broker you can trust?

Then you might want to check out ICMarkets.

It has 20,000+ positive reviews on Trustpilot, regulated by ASIC, and has one of the lowest spreads in the industry.

Learn More https://tradingwithrayner.com/broker

And when you sign up with ICMarkets, you’ll get free 6 months of access to Pro Traders Edge (worth $294).

Here’s what you need to do…

1. Sign up for a live account

2. Fund a minimum of $500.

3. Place 1 live trade.

And that’s it!

Open an account now https://tradingwithrayner.com/broker

Disclaimer: I’ll earn a referral fee if you sign up with them. But they are reliable in my opinion (as of this writing). Open / Comment

2023-12-14 04:01:08 [It sucks, but just let the price hit your stop loss]

Imagine:

You buy 1 standard lot of GBP/USD at 1.4300 and have a stop loss at 1.4250.

This means if the price drops to 1.4250, you will exit the trade for a loss of $500 (or 50 pips).

Now, this is fine if you allow your stop loss to do its job.

However, you might be thinking…

“I know the market is about to rebound.”

“I’ll look like an idiot if I were to sell right now and only to watch the market reverse higher.”

“Let me hold on to the trade for a while longer and sell at the next rally.”

And what happens next?

The market collapsed another 500 pips.

Eventually, the pain is too much to bear and you forced yourself to exit your position.

And because of your hesitation, a $500 loss amplified into $5,500.

So, the bottom line is this…|

Honour your stop loss.

It’s there to protect your trading account even though it’ll make you look like a fool once in a while. Open / Comment

2023-12-13 15:29:31 How To Set Take Profit Orders (The Essential Guide)

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2023-12-13 04:00:37 How to reduce your fear of trading:

Don’t go all in

Manage your risk

Reduce your position size

Trade with a strategy that offers an edge

Not more than 50% of your wealth in the markets Open / Comment

2023-12-12 15:37:05 How to Draw Fibonacci Retracement: A Step-by-Step Guide for Traders

Learn More https://www.tradingwithrayner.com/how-to-draw-fibonacci-retracement/

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