Forex Market Vs Stock Market: Which One Should You Trade?

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No edge.

No discipline.

No accountability.

No risk management.

No surprise why most traders fail.

Everything you need to know about trading pullbacks and breakouts successfully

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[The hidden cost of copy trading that nobody tells you]

Copy trading is a business.

So, if you’re not being charged any upfront fee, then you’re paying more for the spread and overnight fees.

I’ll explain…

For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.

But don’t take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and you’ll see the difference.

So, what’s the implication?

Two things.

#1: If you’re a trader being copied, then bear in mind your trading strategy won’t work as well because you’re paying more in spread (compared to a typical Forex broker).

#2: If you’re copying another trader, then it’s best to follow traders who trade infrequently so the spread doesn’t eat up a huge chunk of your profits.

Now, the spread isn’t your only cost because you still have to consider overnight fees (if you’re holding positions for longer than a day).

This fee is calculated by taking Libor + X%.

(Libor stands for inter-bank offered rate. It’s an interest rate that banks charge to other banks for borrowing the money.)

So, what is X?

Well, this is the mark up that’s determined by the copy trading platform and you’ll need to check with them for the exact amount.

The good news is, you don’t have to worry about calculating all these because the platform will likely do it for you—so do check it out before placing a trade.

Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.

The Essential Guide To Breakout Trading (What Nobody Tells You)

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The markets will reward you for no rhyme or reason.

Once you think you have it figured out, it takes everything back, and more.

So never take things for granted.

The Complete Guide to Bracket Orders

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[The truth about support and resistance nobody tells you]

If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.

But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.

Here’s why…

Support exists because there’s potential buying pressure around a certain price level.

(This buying pressure could be institutional orders, retail orders, smart money, etc.)

So what happens when the price re-tests support multiple times?

Well, these orders start to fill up.

Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.

This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.

Why a short period?

Because it’s unlikely new orders will be “replenished” so quickly.

And that’s why the more times support and resistance are tested within a short period, the weaker they become.

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/

Don't memorize patterns, candlesticks, etc.

If you want to get better at this game, ask yourself:

What are traders on the sideline thinking?

Where will other traders get trapped?

Where’s the path of least resistance?

Where will new players enter?

Where will losers cut loss?

[STARTING IN 1 HOUR]

In this 2-hour webinar, you'll discover...

1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis

2. How to grow your account to 7-figures and beyond even if you have a small starting capital

3. How to generate consistent profits during a bull market, bear market, or even a recession

4. A simple trading system to profit from the stock market—even if you have tried everything else and failed

So if you trade the US stock market or have plans to do so, then this event is for you.

Claim your free ticket here... https://www.tradingwithrayner.com/sts/

Three White Soldiers Candlestick Pattern (The Essential Guide)

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The Definitive Guide To Spinning Top Candlestick Pattern

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The Complete Guide To Renko Charts

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[This is the most important technical level one the chart]

Here are a few reasons why…

Reason #1: Losing traders hoping to get out at breakeven

Multi-year highs represent extreme optimism in the markets because most traders (and investors) are in profits.

But as you know, the price cannot go up forever. Eventually, it has to retrace or reverse altogether.

When that happens, many traders will exit their long trades.

However, not everyone will do the same. Some will continue holding, hoping the price could breakout higher to give them even more profits.

But when the market collapses even lower, they’ll regret not selling earlier as their open profits have been eroded and they are now sitting on their losses. They hope the market could re-test the highs so they can get out of their trades at breakeven.

Reason #2: Bearish traders looking to short the markets

For bearish traders, multi-year highs present an opportunity to short the market at a “high price” because they can reference the highs to set their stop loss.

So as the price approaches multi-year highs, the short interest from bearish traders will increase.

Reason #3: Momentum traders looking to buy breakouts

Momentum traders buy breakouts as the price moves above a certain level. It could be breakouts of a range, swing high, resistance, etc.

But what’s interesting is if the price breaks out of multi-year highs, it’ll attract attention from traders across different timeframes.

That’s because whether you’re a day trader, swing trader, long-term trader, etc. the multi-year highs will be something visible on your timeframe (and charts).

Now, whether you’re bullish or bearish, multi-year high is a significant level for traders.

If you’re bearish, then you can reference it to set your stop loss above the highs.

If you’re bullish, then you can look to buy the breakout and have your stops below the previous multi-year highs (anticipating that it could become previous resistance turned support).

(And vice versa for multi-year low.)

Triple Bottom Chart Pattern (The Essential Guide)

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There are no perfect entries:

Breakouts may fail

Pullbacks may never come

Confirmation may be too late

Pullbacks may become a reversal

But the good news is this, you don't need perfect entries to make it as a trader

Limit Order vs Stop Order: Which one Should You Use And Why?

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[Why support and resistance are not lines on your chart]

Let me share with you a story…

In my early days of trading, I used to think my support and resistance lines are the best and the market will respect it to the pip.

But it didn’t take me long to realize my support and resistance levels keep getting breached, and I thought it was a breakout.

So I traded the breakout.

The next thing I know, the price quickly made a swift reversal in the opposite direction and I got stopped out.

So, I looked back at my charts and asked myself:

“What the hell went wrong?”

Well, it seems the levels I drew did hold up, albeit not to the exact pip.

And that’s when I had an “Aha!” moment…

I realized support and resistance are not lines, instead, they are areas on my chart. Here’s why…

There are usually two groups of traders in the market:

- FOMO traders
- Cheapo traders


I’ll explain…

Traders with the fear of missing out (FOMO) would enter their trades the moment price comes close to support.

And if there’s enough buying pressure, the market would reverse at that location.

On the other hand, some traders want to get the best possible price (cheapo traders), so they place orders at the lows of support. And if enough traders do it, the market will reverse near the lows of support.

But here’s the thing:

You’ve no idea which group of traders will be in control. Whether it’s FOMO or cheapo traders.

Thus, support and resistance are areas on your chart, not lines.

Do you want to read the price action of the markets like a professional trader?

Then download a FREE copy of The Ultimate Guide to Price Action Trading.

You’ll learn how to better time your entries, “predict” marketing turning points, identify explosive breakout trades about to happen, and much more…

Click the link below and grab your copy, it’s free!

https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/