Who Is Rayner Teo
Rayner Teo is an independent trader, blogger, influencer, and the founder of TradingwithRayner.
Rayner started trading in 2009 after he got to know what trading was through a trading competition held in his school; he blew his trading account within two days, and this was a challenge for him – this also raised his interest in trading.
The forex pro continued to learn how to trade throughout his university days at the University of London, where he bagged a First Class Honours in Banking and Finance in 2012.
Teo learned every form of strategy he came across and learned to use many indicators like the RSI, MACD, Stochastic, etc.; this still didn’t work, but he didn’t give up.
After graduation, Rayner applied for different proprietary trading jobs and secured one after countless failed interviews and rejections.
It was around that point he got the key.
According to him, he noticed three things that are very important to be profitable in the market:
- A consistent set of actions
- An edge in the market
- Proper risk management
As simple as these seem, Rayner believes that they are the keys to successful trading. After two years of working as a prop trader, he left the firm to be an independent trader. Besides believing that he had what it takes to make consistently profitable trades, he also decided to be self-independent during his national service, drawing inspiration from a book by Adam Khoo titled Secret of Self-Made Millionaire.
The forex mentor didn’t want to retire at 65; he wanted freedom, and he knew he needed a skill that could put food for him and his family.
These strengthened his motivation to put more effort into his skills. That was also when he started TradingwithRayner to help traders find success in the market.
His Net Worth
In contrast to how many successful traders who have made money from the market have luxurious items, Rayner admits to not being a millionaire; he trades for a living – he is happy and fulfilled about that.
He also tells his students the following:
I can’t make you get rich quick
Trading is not a get-rich-quick scheme, and if you want to make money real fast, then trading should not be the option. He accepts that money attracts most traders, but the earlier they understand what trading is about, the better for them. To be consistently profitable takes frustration, perseverance, and lots of work.
He is not interested in investors but traders only
He is interested in trading and only people who are ready to learn the act of trading.
He is not interested in lazy people
Trading is hard work, and it is not a business for lazy people. Many people believe it is about clicking the mouse and making money. There are limitless learning potentials, but they can only be created and maintained by hard work.
Rayner offers his students practical trading strategies and techniques to identify what the market is saying and consistently identify high probability trading setups, access to trading communities where more than 30,000 traders interact, and regular live trading webinars.
Even though he doesn’t have a flamboyant lifestyle, he is admired and followed by many.
Rayner is the most followed forex trader in Singapore with more than 100,000 visits to his blog monthly; he also has many faithful followers across social media platforms like Facebook and Youtube.