A trading community dedicated to helping traders succeed. You won't get any hype or fluff. But only the good stuff. September 9, By Rayner 19 Comments. Trading refers to the buying and selling of financial securities, in an attempt to earn a profit over time.

Day trading — traders who seek to capture intra day volatility, typically closing their trades within a day.

Swing trading — traders who seek to capture swings in the market, typically holding their trades for few days to weeks. Position trading — traders who seek to capture trends in the market, typically holding trades for weeks to months. In order to be profitable, you need to an edge in the markets and allows the law of large number to work in your favor. If you have a positive expectancy after trades, then you possibly have an edge in the markets. The law of large numbers is a theorem that describes the result of performing the same experiment a large number of times.

According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed.

This means you will encounter losing streaks. And the last thing you want is to empty your trading account during a losing streak. The transaction cost itself is more than your risk per trade. You can download it here for FREE.

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September 9, at 5: They could also trade stock indexes CFDs and probably some metals too: September 9, at 6: September 9, at 7: Standard Chartered has no commission fee, just small charges. You can only buy stocks and the currency spread is wide if you need to convert currencies to buy foreign stocks. User interface is not as good as a brokerage too. September 10, at 3: Are you talking about standard chartered bank?

If yes then please let me know website and some details. September 10, at 9: September 9, at Because you can one trade micro lot which is 10 cents a pip. Some broker even offer nano lots where you can trade even a smaller pip value than that. You can look at this position sizing calculator here.

September 10, at Nice discussion and it is helpful! I mostly trade Forex and have minimal exposure to Sugar, Oil, and Gold according to past reviews by you. I am gearing up to increase my exposure to other Markets in order to increase the possibility of finding a trend as you have suggested in the the past.

And if not, what would be the minimum amount I should have in my account to be able to trade all the Markets you trade? September 24, at 3: September 24, at 4: November 4, at 7: November 4, at 8: December 31, at 3: First of all i want to compliment and thank you for sharing your experience and knowledge on trading.

I am a newbie on trading, got interested in it this summer and every day i am trying to learn on this matter. There is much info available on the internet but as you say also what is the quality of much what i read.

Trend following looks promising but i was wondering if it is possible to use on a small account when you have to diversify and hold several positions for a longer time.

Also i have a question on SR lines. One of the rules is no expectations.

What is the purpose of these lines then? December 31, at 5: If you want to adopt a trend following approach with a small account, then it would be prudent to trade forex and CFDs.

January 1, at 7: First of all a happy new year to you and everyone and good trading! Sorry i used the wrong words i think. I know that counts for MA lines too, but SR lines i have to draw myself and are more dependent on skill etc. January 4, at 8: Vice versa for downtrend. April 12, at 4: April 14, at Most forex brokers would offer micro lots.

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Start Here Blog Analysis University Ask AskRayner Contact. Get The Ultimate Guide to Price Action Trading FREE. A powerful trading strategy that lets you capture momentum and ride trends How to tell when a BIG MOVE is about to happen by spotting this simple pattern How to identify hidden strength and weakness in the markets, so you can "PREDICT" market turning points.

Fill up the form below and download your FREE guide. Give it to me! The various types of trading are: Expectancy can be defined as: Having an edge alone is not enough. You also need to allow the law of large number to work in your favor. What is that exactly? Even if you have an edge in the markets, you can expect to lose over the next 10 trades. So how do you prevent the risk of ruin? Clearly trading futures is not feasible either. Your transaction cost is now a fraction of your risk per trade.

If you want to know which instruments you can trade safely, just do this: Now you may wonder: This is the truth… The reality of trading is this… You need money to make money. You Should Connect With Me Here 13, Members. Comments Vlad says September 9, at 5: I have back account there but in different country.

Hello Hidayat, Thanks for sharing. I believe that will be useful for stock traders in Singapore. Hi numberator, Time frame does not make much of an impact in forex.

Hey Chaplainrick, This would vary from broker who offers CFDs. So what you can do is to check: Hello Cornelis, If you want to adopt a trend following approach with a small account, then it would be prudent to trade forex and CFDs. Hi Rayner, First of all a happy new year to you and everyone and good trading!

Hello Cornelis, Happy new year!

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Okay I get what you mean. Hello Glen, Most forex brokers would offer micro lots. Leave a Reply Cancel reply Your email address will not be published. Followed by more than 45, traders Saving Retail Traders from Self-Destruction Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. Current Hits This currency is about to trade higher and how to find a low-risk entry into the trade Download The High Probability Trading Strategy Bundle This market is ripe for a breakout… How to be a Profitable Swing Trader and Survive any Market Conditions with Steve Burns How to Use Forex Factory Free Trading Tools — A Complete Guide.

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