Rayner Teo is an expert at technical analysis and trading. Not only is he a full-time independent trader, but he also teaches many other people to trade via his youtube videos, blog (http://tradingwithrayner.com) and podcast.
In this episode, Rayner gives an introduction to trading strategies and offers a load of resources to follow up on.
3 Things I Learned:
- Developing a trading strategy involves seeing what works, what the research says and going from there. There are no hard and fast rules to how to trade - it depends on what knowledge is out there, and how it relates to you.
- Learning to trade teaches you the principle of delayed gratification. Compound interest is considered the eighth wonder of the world, and learning to trade instils the habit of cutting back on instant pleasure to work towards a more comfortable life later on - a skill which can be applied to all aspects of life, and pay dividends.
- When starting a business, start first with providing value to your audience, and trust that the universe will balance and your compensation will work out. Too many people go into their business hoping to make six figures, and Rayner believes this priority is backwards.