The Smart Money Show - Forex Podcast: Recent Episodes
Moayad Sallabi
The Smart Money Show hosted by Moayad Sallabi delves deep and explores the psychological aspect of the forex world from a Smart Money trader perspective, we discuss stories, experiences, advice, and best of all we invite some of the best traders around the world to share their stories with you too!
In this episode, Moayad discusses the typical trading journey and each phase a beginner will usually find themselves come across as they indulge themselves in the vast world of trading. Understanding these different phases is key to preparing yourself for what's to come so you can tackle these obstacles better.
Many traders eventually get good at making profits after finding a good strategy they are comfortable with. But most end up giving half or more of their profits back to the market and have difficulty holding on to their hard-earned money. Moayad discusses the challenges of euphoria and how you can set up certain psychological tricks and guidelines to follow in order to avoid losing your profits.
To really achieve a level of discipline in trading you must be able to identify the mistakes you are making over and over again and find a way to eliminate them,
Unfortunately due to our human nature, we tend to commit these errors even with the realization that what we are doing is wrong, Moayad discusses the key method
in order to stop and train yourself from committing these beginner mistakes and to have a better-disciplined system.
In this episode, Moayad discusses one of the biggest reasons why traders blow their accounts. It all boils down to your financial situation and dependency on streams of income... tune in.
in this episode, we take a look at the hot topic of the past couple of years: prop firms and funded challenges! Moayad discusses the challenges of prop firm trading and its advantages and disadvantages in comparison to trading with your own funds.
In this episode, Moayad goes over the mental battle a trader undergoes after taking a loss and how to deal with it by taking the necessary precautions and re-programming your mind to look at losses in a different light. He also breaks down the emotions associated with losing and how to recognize them and be self aware when they start arising.
In this episode, we have a special guest! We invited Connor, one of our long-time students in FU Academy to chat to us about his journey with forex, how he got into it, obstacles he faced, and how he incredibly became proficient in forex to quit his job that he hated and trade full time from home. We discussed the Freedom that comes with forex trading and online businesses in general and last but not least Connor dropped some advice and tips to get yourself to trading full time and being free!
In this first episode, we introduce our host and mentors and then we go onto discussing our stories on how we started trading smart money and some of the hardships we endured during our learning process, we go onto discuss how, Moayad then lost 10k in a few months of trading and how he recovered from this. We finally end our episode by discussing the forex lifestyle and the reality of our mindset towards money and the forex business.