Even though the forex industry is a very high-risk business, it always provides success opportunities for all traders, one of which is Rainer Teo.
Maybe for beginner traders the name Rainer Teo is not as famous as George Soros or Warren Buffet, which in fact is a big trader and investor.
However, the name Rainer Teo is very popular for intermediate-level traders, because he is one of the independent traders who provide forex education to beginners. His experience in the world of forex trading greatly motivates other traders and learns from him.
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Who is Rainer Teo
Rainer Teo is just an independent trader, he has a blog about trading under the blog’s name TradingWithrainer.
In his story, he told that he had known forex trading since 2009, it could be said that he was a forex trader with more than 10 years of experience.
It has followers mainly from Singapore more than 100 thousand traders. Through his blog, he shared that a career in forex trading was not an easy path, it was through hard work with all kinds of difficulties he experienced. And now we have been able to get consistent profit from trading.
Even on his YouTube channel, he has subscribers of more than 700 thousand people, that’s because he likes to share his strategy via YouTube.
Where is Rayner Teo from?
Rainer Teo is an ex prop trader from Singapore, graduated from the University of London (UOL) with First Class Honors in Banking & Finance. He was also the valedictorian of his graduating cohort in 2012.
He is a day trader with an open attitude and is frequently interviewed by journalists as well as by radio.
When he started getting acquainted with forex trading, a broker visited him on campus who held a trading competition.
He participated in the contest, but it was not easy for him, because he had to lose and get out of the competition. Since then he started studying trading more intensively.
Learning from experienced trader
Even though he is currently considered a mentor, he says he is the same as other traders, he has also learned a lot from other traders who are better.
He has also experienced losses in trading, even recently through his YouTube channel he informed him that he had lost $ 10,000 in the last year. However, he hopes that his experience will provide lessons for other traders to avoid such huge losses.
Working from home
In an interview with DollarsAndSense Rainer Teo recounts his day-to-day trading, he wakes up early and then scans the market to make trade setups.
Since he is an independent trader who works from home, after setting up his trades, he will look back at him an hour or two later. It is done to monitor the market developments on its trading setup, whether it runs according to the scenario or is close to risk.
In spare time his trades he also wrote on his personal blog Tradingwithrainer everything he had in mind about forex trading. His blog has 100 thousand visitors.
Therefore he has more time with his wife and children at home. He also sometimes creates video content that he will upload on his YouTube channel.
Is Rayner Teo good?
Rainer Teo started his career not easy, as a proprietary trader, he faces a high risk, because a prop trader uses his own funds. And get profit from price fluctuations that occur in the market. Unlike trading brokers who get a commission from transactions made with clients’ money.
At the beginning of the journey, he was not a trader who instantly became a profitable trader. It is the same as most traders who have experienced a lot of losses and losses.
To develop his skills, he reads a lot of forex articles, news, and all kinds of forex literature. He also drew inspiration from the book by Adam Khoo.
She also participates in demo account contests and tries different strategies to find the one that suits her best.
Many people say that being an independent trader has more free time, and is free trading time. According to Rainer, in terms of freedom at that time it was true, but independent traders struggled very real. He bet with risk.
Even though he is an independent trader, he does not recommend someone to leave the main job just to trade.
He likes to share advice with other traders and gets motivated when traders comment positively on him. For him, being an independent trader is not only about trading, but also philanthropic, sharing, marketing, which feels different from others.
What broker does Rayner Teo use?
From several interviews, or blogs that he wrote, I have not found any information related to where Rainer Teo trades. However, some of the tools he uses are Tradingview and Amibroker.
Tradingview is charting software that allows him to share trading tips. And Amibroker, this is software to backtest the trading system, it is not a broker, it’s just that the name has the word broker. He also uses Norgate data to get market data.
Advice Rainer Teo to choose a broker
- The very first thing Teo advised to choose a broker was that it had to be regulated in the correct country. This is the first and important requirement for the trader’s attention to reduce the risk of a broker scam.
- Second, provide good support and service, when clients face problems, responsive customer service provides solutions.
- Third, the quick withdrawal process, don’t let when you make a withdrawal you get various reasons, whether the bank is closed so it can’t send your money. Or you have to save for higher interest and other reasons that prevent you from getting your money.
- Fourth, does the broker offer a platform that is suitable for you, maybe you are familiar with Metatrader 4. It will be difficult to choose a broker that offers a platform that you are not used to.
- Fifth does the broker offer the trading instruments that you usually trade. Some brokers may not provide exotic pairs such as USDRUB, USDTRY, and so on.
Rayner Teo trading for beginners
Rainer Teo is one of his mentors to beginner traders, he shares his knowledge through both the YouTube channel and the Tradingwithrainer blog. In basic knowledge for beginners, he divides the lesson chapters into 12 chapters.
- Chapter 1: What is Forex trading and How Does it Work?
- #Chapter 2: What are the Major Currency Pairs?
- Chapter 3: When is the Best Time to Trade Forex?
- #Chapter 4: Common Forex Trading Terminologies.
- Chapter 5: What is a Forex Lot Size?
- #Chapter 6: The Different Types of Forex Orders.
- Chapter 7: How to Read a Forex Chart.
- #Chapter 8: The Different Types of Forex Charts.
- Chapter 9: The Different Types of Forex Analysis.
- #Chapter 10: The Different Types of Forex Trading Strategies.
- Chapter 11: The Different Types of Forex Brokers.
- #Chapter 12: How to Choose a Forex Broker.
You can access all the forex trading course materials on the blog he wrote entitled “Forex trading course for beginners (free)”.
What Rainer Teo do in the financial market?
A source states that Rayner Teo trades in almost all markets, be it forex, indices, bonds, soft and hard commodities like metals, and so on.
The way he trades sometimes uses a breakout strategy called the 200-day breakout.
If he sees a breakout occurring, by placing a stop loss he enters the market. If the price moves in the right direction, it uses a trailing stop to increase it little by little.
However, if it stands in the wrong direction due to the false breakout, it will go away and leave the market for a while.
The important thing, according to him, is that he cannot predict the price. After opening the order, he does not know whether the price will meet his expectations or vice versa.
Therefore he emphasizes risk management when trading because it is a way of surviving in the wilds of the forex market.
Rayner Teo course free download
You can learn some free content just by reading the Tradingwithrainer blog, especially for beginner content.
However, not all of his knowledge is given for free, in one of his ebooks entitled “Price action trading secrets” he makes a special landing page and sells copies of his books for a range of $ 12.90 – $ 18.90.
If you are interested in Rainer Teo’s price action strategy then just head over to this page.
Rayner Teo on youtube
Rainer Teo’s YouTube channel subscriber growth is quite fast. Today it has more than one million subscribers, who may not only come from Singapore. But it could be from other countries, such as Malaysia, Korea, and others.
He is also very active in uploading videos to his YouTube channel. He has uploaded hundreds of videos with an average of two videos a week.
Apart from sharing his video about trading, this is one way to get dollars through video monetization with google ads. Not only, Rainer Teo, but many other traders have also created a YouTube channel and shared their trading experiences.
In the cover image, he describes his YouTube channel with technical analysis, trend following, and price action. visit the Rainer Teo youtube channel
Rayner Teo net worth
Rainer Teo often mentions that he is not a person who drives a Lamborghini, or lives in a penthouse apartment, but that he is just a trader trying to become a millionaire.
Maybe at this time, he is still struggling to accumulate wealth through trading and others, but who knows the next few years will become one of the richest people in the Forbes version.
Rainer Teo key success
Rainer Teo is very focused on price action, where the market does not move statically, but there is a difference between volatility and trend. There is a steady trend but low volatility.
Besides breakout, Rainer Teo is also a trend following, that’s why trends are friends. Basically, he likes strong market trends, but he specifically makes several categories. It uses moving averages 20, 50, 100, and 200 to help find the best market trend.
Stories about Rainer Teo, at least provide motivation to beginner traders. That he departed from many difficulties and obstacles.
But what is clear is that he loves what is his profession, because love can encourage someone to do something for the sake of what he loves
If you are a beginner, knowing the success story of an independent trader will be more motivated to learn and practice.
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