[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?

100- Day Moving Average: Definition, Calculation & Strategies

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I tried chart patterns and failed.

I tried trading indicators and failed.

I tried harmonic patterns and failed.

I tried candlestick patterns and failed.

Eventually, I realized it was not the tools—but me.

And everything clicked.

6 Trading Habits Which Keep You Poor (Without You Realizing It)

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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.

Do you want to read candlestick patterns like a professional trader?

Then download a FREE copy of The Monster Guide to Candlestick Patterns.

You'll discover how to "predict" market turning points and better time your entries & exits—even if you have no trading experience.

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

https://www.tradingwithrayner.com/candlestick-pdf-guide/

“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown

20-Day & 30- Day Moving Average: Definition, Calculation & Strategies

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[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.

10-Day Moving Average: Definition, Calculation & Strategies

Learn More 👉 https://www.tradingwithrayner.com/10-day-moving-average/

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Risk Management For Stock Trading (The Complete Guide)

Learn More 👉 https://www.tradingwithrayner.com/how-to-apply-risk-management-in-stocks/

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If you take care of your downside, your profits will take care of itself.

7 Best Practice In Your First Year Of Trading

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[Don’t use a fixed position size, do this instead…]

Most traders are fascinated with technical analysis, candlestick patterns, trading indicators, etc.

When you see “something” nice, you quickly hit the buy button without giving much thought to your position size—which is a big mistake.

Why?

Because without proper position sizing, your wins and losses are erratic.

Here’s an example:

Let’s say you buy 1 standard lot of EUR/USD with a stop loss of 20 pips.

How much could you lose?

Well, it’s a potential loss of $200 (20 x $10/pip).

Now, what if you have 100 pips stop loss?

It’s a potential loss of $1000 (100 x $10/pip).

You might be thinking:

“My stop loss in terms of pips will be the same.”

“This way, I can keep my losses constant on each trade.”

That is possible but…

What if you trade a different timeframe where it doesn’t make sense to use the same number of pips as your stop loss? (E.g. A 20 pips stop loss might work on the 5-minutes timeframe but not on the daily.)

Or what if you trade a different currency pair with a different pip value?

Do you see my point?

So the lesson is this…

The size of your losses should be the same for each trade.

But your position size should be adjusted according to the size of your stop loss.

A tighter stop loss allows you to increase your position size.

A wider stop loss requires a smaller position size.

Swing Trading Techniques That Work

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Get your hands dirty and do the work because that's how you develop conviction in your trading strategy.

Then apply risk management so you don't blow up.

Finally, stop chasing the latest fads because it won't make you a better trader—doing the work will.

11 Trading Lessons I’ve Learned From 11 Years Of Trading

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[If you’re a newbie trader, avoid this habit of averaging into losses]

Imagine:

You bought 1 lot of EUR/USD at 1.3000.

Shortly, the price dropped 50 pips and you’re down $500.

Now you’re thinking to yourself…

“I knew it, the market is out to get me again.”

“But wait… if I buy another 1 lot of EUR/USD, then I can quickly get out at breakeven if the price moves up 25 pips.”

“I’m a genius!”

So…

You buy another lot of EUR/USD at 1.2950.

Next thing you know, EUR/USD tanked 100 pips—which puts you at a loss of $3,500.

In other words…

If you had cut your loss from the start, it would have only been a loss of $500.

But because you gave in to your emotions and averaged into your losses, it grew into a $3,500 loss.

So the lesson is this:

If the market proves you wrong, get out of the trade.

Don’t average into your losers because it could snowball into something near impossible to recover from.

Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets

Learn More 👉 https://priceactiontradingsecrets.com/

If you’re broke, don’t be a trader.

Instead, get a job so you can pay the bills.

Then, you can learn how to trade.

This puts you in a position of strength as you remove “the need to make money” syndrome.

Doing this will 10x your chance of success.