Forex Trading: 4 Things I Wish I Knew When I Started Trading
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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Always a pleasure to watch and learn from you Rayner. I have enjoyed your content for years now and implemented a number of your techniques into my trading with some great results. Thanks very much and keep it up
Mistake #1 (2:10)
I was hopping from one trading strategy to the next.
Inconsistent actions leads to inconsistent results.
Mistake #2 (5:00)
Wrong expectations about trading.
You need money to make money in this business.
Mistake #3 (6:15)
Full-time:
40% return on a $50,000 account.
Part-time:
20% return on a $50,000 account and you add in $6000 every year.
Mistake #4 (10:12)
I focused on the strategy, not the concept.
"Learn from the mistakes of others. You can't live long enough to make them all yourself."
-Eleanor Roosevelt
Thanks for sharing your experience! I agree with the points you raised. There was a full time trading session that I attended with one of the local securities firms – I asked the presenter how much money I needed to be able to trade full time, and he said 50K. I did my sums just like you did, and reckoned that the returns on 50K is just not enough to feed me, let alone feed my family. Also wih so much at stake, my emotions will cloud my judgment. That was why I stuck on with my job and traded part time. No regrets and less stress – because I don't have to monitor the screen like a hawk as I have a more stable source of income
And after all what you've learned you decided that teaching and selling Forex courses is more profitable than trading? you are so skilled why you dont make big money from trading? or maybe you have myfxbook account to show you are profitable trader? can you show it please?
Very good video Rayner… thanks for sharing…!
I really like listening to your videos! I've just been trading for a few months. And you've been very instrumental in my knowledge and growth. Plus I feel like you are a trusted voice out there. So keep up the good work and thanks!
Why not risk the industry understood 2%? the fastest percentile to double RoR…
40% a year? that seems really low for a year
in pak if you make 1000$ / month your a fucking legend
Hi rayner, your face like jess no limit, an e-sport player from my country 😀
I enjoy your your explanation. Thank you 🙏
Silent follower, i am rayner's student from east africa. Thanks bro
Re your last point, do we need to trade 20 markets to have a good positive return?
If you do a bit of scalping daily 5 times a week on 50 thousandyou can make a lot more than 20000 a year!
Ur excellent in teaching.free teaching unlike others who use YouTube for publicity of their paid teaching classes after telling partially on YouTube.ur selfless service wins.thanku very much.
Dude, i will hit the like and subscribe button when i will be satisfied with your video. Not at the beginning od it 😱
Really great video thanks rayner, i lost $1000 without proper risk management
In my opinion I think it’s very important to understand the concept. The indicator are not important if you have no idea of why you use them (concept.) however, once you understand the concept very well the strategy becomes more important to get down packed until you fully (85%) understand what’s going on.. also you should be psychologically l disciplined to follow the strategy. What I’m saying is once you understand the concept then you can currently develop a strategy that works for you. Happy pips!
Daily charts or die trying lol
In part time trading is it mean daily trading?
Sir could you plss tell me with how much money i can start forex trading….
The thick accent made me sick after a while
you’re information is more valuable then gold! Thank you
Thanks!
Thank Man..
u dont trade on leverage i dont get it ?
Hey hey hey My friend, i love hearing every day of trader.