June 27th, 1981.
You’ve just graduated. You’re young. You’re fired up. And you want to be a trader.
At this time, the only way to learn is to work from the trading pit.
But, you don’t start off as a trader.
Instead, you begin as a “runner” and after a few years, if you’re lucky, you may have a chance to become a trader.
Now…
Fast forward 35 years later, things have changed.
The trading pit ceases to exist, trading goes electronic, and information is freely available.
If you google “how to trade the markets”, you’ll get 22,600,000 results. Who needs a teacher when you’ve got google?
But, do you know what the problem is?
You’re overwhelmed by the sheer amount of information out there. You don’t know if you could trust the source. You’ve no idea if someone is the real deal or just a wannabe.
I’ve been this road myself and I know what you’re going through.
So… to make your life easier, I’ve compiled a list of top articles and free trading courses.
You’ll learn:
1. Where to find free forex trading course
2. The real meaning of price action trading
3. How to use indicators the correct way
4. Different trading methods you can adopt
5. Proper risk management techniques
6. Trade management
7. How to improve your trading psychology
Are you PUMPED?
Then click below to get started:
http://www.tradingwithrayner.com/free-forex-trading-course/
同時也有2部Youtube影片,追蹤數超過115萬的網紅Rayner Teo,也在其Youtube影片中提到,Is Technical Analysis enough to profit from the financial markets? Here's the truth and it's not what you think... SUBSCRIBE: https://bit.ly/2MsGjRR ...
4 risk management techniques 在 Rayner Teo Youtube 的最讚貼文
Is Technical Analysis enough to profit from the financial markets? Here's the truth and it's not what you think...
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If you want more actionable Forex trading tips and strategies, go to https://www.tradingwithrayner.com
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1:00 To find out whether it works we have to compare it to a benchmark. Okay, so the benchmark that we will compare against is the S&P 500. So we can see that historically S&P does about an average of 9-10% a year with a maximum drawdown of 55%. So there are two ways, right, we can so-called beat the benchmark.
1:30 To find out whether we can beat the market is we are going to go with a simple strategy. In this strategy, that I choose right, it's a momentum strategy. Okay, so basically, it looks to buy high and sell higher. Momentum. So these are the rules of the momentum trading strategy.
4:00 Clearly, technical analysis work. So yes, technical analysis work, but I want you to think about something alright. Is that all you need? For all to answer is no and here's why. Number one. Risk management.
5:30 The second thing, psychology. Why do I say that? Because imagine this. Imagine at this point in time, right, over here, 2002, alright, in May you are down 3.9%. You might think, "Oh, it's nothing right. I can survive. No use, it's only 4%. Come on. Gorilla two is here. Then you're down another 0.5% in June and by a scratch, right? I can do this.
6:00 Let's do a quick recap, right. Number one, yes technical analysis it can work. Right, I just shared with you a very simple momentum strategy that actually beats the market over the last 28 years. Very simple strategy. Even, you know, a 13- or 14- year old kid can understand. But I shared with you that if you don't apply proper risk management, if you're over-leveraged, if you are risking too much per trade, right you will not survive the drawdown. That's a fact.
7:00 Another thing is the psychology, right. You can have the best trading strategy in the world, but if you can not handle the emotional drawdown that comes with it, you can not handle the losses, right, the negative punches that the market is giving you, even a trading strategy with an edge right will not save you as well. So I hope by now you can understand that yes, right, technical analysis can work by in itself without fundamentals, without analysis, without anything. But you must have the proper risk management and the right training psychology. Okay?
8:00 So with that said, right, I've come towards the end of this video. Even a little more about what I do, training strategies, and techniques right. Go down to my website over here: tradingwithrayner.com. Okay and if you just scroll down to the bottom right somewhere here. I've got a couple of trading books that you can download, right, The Ultimate Trend Following Guide to Right Massive Trends in the Market and The Ultimate Guide To Price Action Trading. So what we have covered a little is more of a trend following at momentum trading.
10:00 So if you are more of a discretionary trader, right, you know more about market structures and support resistance than The Ultimate Guide To Price Action Trading is for you. Click on this blue button and I'll send it to your inbox.
So with that said, right, I've come towards the end of this video any feedback comment. Let me know it in the comment section below and if you've enjoyed this video hit the like button! Bam Bam! And subscribe to my Youtube channels so you can get more of such videos every single week. So with that said I wish you good luck and good trading. I'll talk to you soon!
4 risk management techniques 在 Rayner Teo Youtube 的最讚貼文
Five techniques you can use to trail your stop-loss rides.
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0:19 Trailing Stop Loss Technique #1
The first technique that I want to share with you is moving average. By now, I think that you should be familiar that moving average is something that you can use to trail you stop-loss, so, for example, let's say that you went long on the break of this highs over here. The market break of this high over here, and you can trail your stop-loss using this moving average. This is the trending period moving average. So you only exit the trade when the price breaks and closes below it.
2:00 Trailing Stop Loss Technique #2
The second technique is the market structure. So for those of you who are price action traders, you can use the structure of the markets to trail your stop-loss. Here is an example, we can see over here, let's say for example, again you long the break out over here, the market hits higher, retraces right. This is the swing-low, which we can reference to set your stop-loss, so your stop-loss won't go below your swing-low. The market makes a new high, makes a new swing-low, this swing-low you can reference your stop-loss, the market makes a new high, retraces - makes a new swing-low, you can reference it as your stop-loss. The market makes a new swing high, and then it retraces, and finally over here, breaks and closes below the swing low over here, where you exit the trade.
3:54 Trailing Stop Loss Technique #3
The third technique I want to share with you is percentage change. This is very straightforward. Very useful for stock traders. This stock: Alibaba, you can see that it made a high of $110 so what it can do is that it can just use a percentage change to trail a stop-loss.
5:00 Trailing Stop Loss Technique #4
The fourth technique I want to share with you is Average True Range. A very powerful way to trail your stop-losses. Well, how it works, is that, ignore this indicator for a while. So by right now, you know what the A-T-R indicator is, its a measurement of volatility in a market. So if you pull out your A-T-R indicator, it will give you a value. So let's say for example the A-T-R indicator currently shows you, let's say 100 pips for euro dollar.
7:20 Trailing Stop Loss Technique #5
And, lastly right, you can use the previous candle high/low to trail your stop-loss. Let me share with you an example, so if you recall bitcoin, it has been moving pretty strongly over the last of, I'll say 2017. You can see that the market went parabolic over here, the range of the candles got larger and larger. So where you could have trailed your stop-losses is that if the price breaks and close below the previous day low, you'll exit the trade.
A quick recap, the first technique I shared with you is to use the moving average to trail a stop-loss. Or you can use market structure referencing from the swing-high and swing-low to trail your stop-loss. You can use percentage change as well right, if the price drops x percent, you exit the trade. You can use the average true range, slash chandelier stop, to trail your stop-loss, which is based on the volatility of the market. And, last but not least, you can trail based on the previous candle high or low, which is very useful when the market has gone parabolic. Okay, so I have come to the end of this video.
If you want to learn more, go down to my website https://www.tradingwithrayner.com over here at the top, if you want to learn more, for example this video, we focused a lot on exits and trailing stop-loss, if you want to learn about entries, go to my website tradingwithrayner.com, download this guide over here, The Ultimate Guide to Price Action Trading, where you will learn how to better time your entries, and read the price action from the markets. Just click this blue button, and I'll send it to your email address for free! With that said, I have come to the end of this video, any feedback, comment and let me know in the comment section below. If you enjoyed this video hit the like button, subscribe to my YouTube channel, I would really appreciate it, and I will talk to you soon.