Let’s Talk Forex with Alison and Chris: Recent Episodes
FxScouts
The FXScouts podcast helps beginner Forex traders get the best start to their trading careers. With years of experience in the world of Forex trading and writing broker reviews, we have unique insight into how to start trading, tips and tricks, and advanced trading strategies. Traders can learn from our experience and make better financial decisions. We cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
Every year, traders and investors lose millions to financial scams, insider trading schemes, fake AI trading bots, and market manipulation. The question is: could you spot the warning signs before it's too late?
In the season final of Let's Talk Forex, we break down some of the biggest trading scams and financial scandals of 2026 so far. From insider trading on prediction markets and allegations involving confidential information to AI-powered investment scams and cherry-picking in professional asset management, we explain what happened, why it matters, and most importantly, how you can avoid falling into similar traps.
In this episode, we cover:
● How prediction markets can create new insider trading risks
● Why guaranteed returns are one of the biggest red flags in trading
● How AI trading bot scams really work
● What cherry-picking means in professional money management
● How scammers use urgency, hype, and unrealistic promises
● Practical steps every trader can take to protect themselves
Whether you trade Forex, stocks, crypto, CFDs, or simply invest in financial markets, understanding these scams can help you make better decisions and avoid costly mistakes.
Watch the episode on YouTube here!
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
Many traders believe they're managing risk simply by using a stop-loss. But real risk management goes far beyond where you place your stop.
In this episode of Let's Talk Forex, we break down what risk management actually means, why position sizing is often more important than your stop loss, and how traders can protect their capital without letting emotions take over.
We cover:
● Why a stop loss alone isn't enough
● The importance of position sizing
● How much to risk per trade
● Correlation risk and overexposure
● Daily and weekly loss limits
● Risk-to-reward ratios explained
● The psychology behind risk management
● A simple pre-trade risk checklist
Whether you're a beginner or an experienced trader, understanding risk management is one of the most important skills you can develop.
Watch the full episode here!
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
Many traders identify the trend correctly but still lose money because they enter too late, chase momentum, or ignore pullbacks.
In this episode of Let's Talk Forex, we break down a simple Trend Trading Pullback Strategy and explain how to identify trends, wait for better entry opportunities, find confirmation, and manage risk more effectively.
We'll cover:
● How to identify an uptrend or downtrend
● Why traders chase trends and get stopped out
● How pullbacks can improve your entries
● Support and resistance in trend trading
● Using moving averages and price structure
● Confirmation signals before entering a trade
● Stop-loss placement and risk management
● Common trend trading mistakes to avoid
The goal isn't to be the first trader into a move. The goal is to enter when the trend has a reasonable chance of continuing while maintaining a favourable risk-to-reward ratio.
Watch the episode on YouTube here!
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
In this episode of Let's Talk Forex, we break down the brutal truth about algo trading and automated systems, and why simply automating a bad strategy just makes you lose money faster. If you’ve ever hesitated on a trade, revenge traded, or suffered from "analysis paralysis," automation sounds like the ultimate cure, but it actually just moves your psychological biases to a completely different part of your trading business.
We dive deep into the 4 primary automated frameworks, how to avoid the dangerous trap of "overfitting" historical data, and why the discipline to leave your bot alone during a drawdown is the real secret to algorithmic success.
Watch the episode on YouTube here!
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
Is Forex arbitrage smart trading, or is it an unfair advantage?
Some traders see arbitrage as a low-risk way to profit from price differences between brokers, platforms or currency pairs. Brokers often see it very differently. To them, certain types of arbitrage can look like an exploitation of stale prices, slow execution, latency issues or weaknesses in their systems.
In this episode, we explain what Forex arbitrage actually is, why traders are attracted to it, why many brokers hate it, and why some brokers may cancel profits, close accounts, or reject withdrawals if they believe a trader has broken their terms and conditions.
You will understand:
● What Forex arbitrage means
● How latency arbitrage works
● Why arbitrage often requires bots and automation
● The difference between scalping and arbitrage
● Why brokers may see arbitrage as unfair trading
● Whether arbitrage is illegal or simply banned by broker rules
● Why reading your broker’s terms and conditions matters
● The real risk of relying on execution loopholes
Watch it on YouTube here!
If you enjoyed this episode, give it a like and follow FxScouts for more honest Forex trading education, broker insights and market discussions.
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
Most beginner traders struggle when the market starts moving sideways.
In this episode, Alison is back, and we break down 3 simple range trading strategies that can help traders better understand ranging markets, avoid false breakouts, and improve patience and trade selection. You’ll understand how to identify a proper range, where to enter trades, how to place stop losses correctly, and why confirmation matters so much when trading support and resistance.
In this episode:
• What a real ranging market looks like
• Why patience matters in range trading
• How to trade support and resistance
• The false breakout strategy explained
• Using RSI and indicators the right way
• Why stop losses should invalidate your trade idea
• Common beginner mistakes in ranging markets
• How to improve risk-to-reward in sideways markets
Subscribe for weekly Forex trading education, strategy breakdowns, and market insights!
Watch the episode on YouTube here!
Check out Traders Hub here: https://fxscouts.com/traders-hub/
For Forex Broker reviews and lots more: https://fxscouts.com/
For a full list of our top Prop Firm picks, read more here: https://prop.fxscouts.com/
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FxScouts on Facebook: https://t.ly/CAjgH
FxScouts DISCLAIMER:
75–90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal, or investment advice.
Most beginner traders hear the phrase “the trend is your friend”, but what happens when the market stops trending and starts moving sideways?
In this episode, Chris is joined by Erik, and they break down the difference between trend trading and range trading in a simple, beginner-friendly way. You’ll learn how to recognize trending vs ranging markets, what “higher highs and higher lows” actually mean, and why so many new traders struggle with false breakouts and market conditions. We also explain common trading jargon in plain English so you can understand the market without feeling overwhelmed.
In this episode:
• What trend trading really is
• What range trading means
• Bullish vs bearish markets explained
• Support and resistance made simple
• What false breakouts are
• Why market conditions matter more than most strategies
• Common beginner mistakes traders make
• Why patience is one of the most important trading skill
Whether you’re completely new to Forex trading or still trying to understand market behaviour, this episode gives you a strong foundation for reading price movement more confidently.
Subscribe for weekly Forex trading education, beginner-friendly trading podcasts, strategy breakdowns, and market insights.
Watch the episode on YouTube here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Prop trading is growing fast, but what does the future really look like for traders? In this episode of Let’s Talk Forex, Alison and Chris are joined by Justin Hertzberg, CEO of FPFX Tech, to discuss the rise of retail prop trading, why brokers are entering the space, and what traders need to understand before choosing a prop firm. We cover prop firm risk, regulation, payouts, trader behaviour, AI, broker-backed prop firms, and why the industry could look very different over the next few years. If you trade with prop firms or are thinking about taking a challenge, this episode is a must.
Watch it on YouTube here!
Visit PropAccount's channel here: https://www.youtube.com/@Prop-Account Visit PropAccount's website here: https://propaccount.com/
Check out Traders Hub here: https://fxscouts.com/traders-hub/
For Forex Broker reviews and lots more: https://fxscouts.com/
For a full list of our top Prop Firm picks, read more here: https://prop.fxscouts.com/
Best prop trading firms 2026 ranked here: https://www.youtube.com/watch?v=aALZgVC94OM
Join us on our social media channels:
FxScouts on Instagram: https://www.instagram.com/fxscouts/
FxScouts on TikTok: https://www.tiktok.com/@fxscouts
FxScouts on LinkedIn: https://www.linkedin.com/company/fxscouts/
FxScouts on Facebook: https://t.ly/CAjgH
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most traders are looking at candlesticks the wrong way.
Stop memorising shapes and start reading the story. In this episode, we reveal why "perfect" patterns often fail and how to identify the real battle between buyers and sellers. We break down the only 4 candlestick patterns worth your attention and how to use market context to find a real edge.
Episode Breakdown:
The Narrative Shift – Reading the "battle" in the wicks and bodies.
Noise vs Signal – Why location matters more than the pattern itself.
The Essentials – Rejection (Pin Bars), Control (Engulfing), Consolidation (Inside Bars), and Indecision (Dojis).
The Truth – Why patterns are confirmation, not prediction.
Next week, we go deep into the Prop Firm world with a special guest. Subscribe so you don't miss the myth-busting!
Watch the episode on YouTube here.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Why does a Forex trading strategy suddenly stop working? At some point, every trader hits the same wall — a strategy that once delivered consistent results starts to fail. In episode 174 of Let’s Talk Forex, we break down why trading strategies stop working and what you should do when it happens.
If you’ve ever wondered whether it’s the market, your system, or your own execution, this episode will give you clarity. Because when a trading edge disappears, it’s rarely random — and rarely just bad luck.
We explore how changing market conditions, strategy saturation, and macroeconomic shifts can erode even the most reliable Forex trading strategies. You’ll also learn why overfitting your backtests and small changes in trading psychology can quietly destroy performance over time. This is not about finding a “perfect strategy.” It’s about understanding how financial markets evolve — and how successful traders adapt.
In this episode, you will learn:
- Why changing market conditions can make or break a trading strategy
- How overcrowded trades and strategy saturation reduce profitability
- The risks of over-optimised backtesting in Forex trading
- How macroeconomic changes impact market behaviour
- Why trading psychology and discipline matter more than you think
- Practical ways to adapt when your strategy stops working
If your trading strategy isn’t performing like it used to, this episode will help you understand why — and what to do next. Watch the episode on YouTube here! Timestamps:0:00 Intro + Traders Hub Overview1:40 The Frustration When a Strategy Stops Working2:27 Why Market Conditions Change Everything4:09 Strategy Saturation Explained5:25 The Problem With Overfitting Strategies7:22 When the Problem Is You, Not the Strategy Check out Traders Hub here: https://fxscouts.com/traders-hub/ For Forex Broker reviews and lots more: https://fxscouts.com/For extensive reviews of our top Prop Firm picks: https://prop.fxscouts.com/ Join us on our social media channels:FxScouts on Facebook: https://t.ly/CAjgHFxScouts on Instagram: https://www.instagram.com/fxscouts/ FxScouts on TikTok: https://www.tiktok.com/@fxscoutsFxScouts on LinkedIn: https://www.linkedin.com/company/fxscouts/ FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Head over to our new Prop Trading website here: https://prop.fxscouts.com/
In episode 173 of Let’s Talk Forex, Alison and Chris rank the best prop trading firms in 2026 and explain which one may suit your trading style best.
We break down the top firms, including DNA Funded, E8 Markets, FTMO, One Up Trader, Funded Trading Plus, Funding Pips, Bright Funded, and FundedNext, and cover profit splits, challenge types, flexibility, futures options, and low-cost entry points.
The episode also looks at the reality of prop trading, including drawdown rules, consistency requirements, news-trading restrictions, discipline, and why most traders fail in challenges.
If you are comparing prop firms and want a clearer view of which one is actually worth your time, this is a great place to start.
You can also watch it on our YouTube channel here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
You’ll learn how different trading strategies perform in trending vs ranging markets, how strategy diversification can improve risk management, and why it can help reduce emotional pressure during losing streaks. We also discuss when traders should consider adding a second strategy, and how to do it without overcomplicating their trading plan. Whether you’re a beginner trader developing your first system or a more experienced trader looking to improve consistency, this episode will help you understand how to build a more flexible and resilient trading approach.
Watch it on YouTube here!
Topics covered include:
- Forex trading strategies and market conditions
- Trend vs range trading approaches
- Risk management through diversification
- When to expand beyond one trading strategy
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In episode 171 of Let’s Talk Forex, we break down why most traders struggle with exits and how this one mistake can destroy your trading performance.
We cover the most common exit mistakes, including taking profits too early, letting winners turn into losers, and trading without a clear exit plan. You will know more about how to manage your trades more effectively using structured market conditions and risk management, so you can improve your consistency and overall results. If you want to stop losing profits and start trading smarter, this episode is a must-watch.
As always, the video version of this podcast can be found here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In episode 170 of Let's Talk Forex, we break down why CTrader is rapidly growing in popularity and why many traders are moving away from MT4 and MT5.
We explain what CTrader is, how it works, and what sets it apart from traditional trading platforms, including its modern interface, faster execution, advanced charting tools, and built-in copy trading. You will also understand the key advantages and potential downsides of CTrader, how it compares to MT4, MT5 and TradingView, and whether it is the right platform for your trading style.
If you are choosing a trading platform or considering a switch, this episode will help you determine whether CTrader is the better option.
The podcast is also available on YouTube!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In episode 169 of Let’s Talk Forex, Alison and Chris break down the truth about forex trading strategies and what actually works in real market conditions. They explain the most common strategies used by traders, including trend following, breakout trading and range trading, and why no single strategy works in every market environment. You will understand how to match your strategy to market conditions, why most traders fail even with good strategies, and why risk management and discipline matter more than any indicator or system.
If you are tired of searching for the perfect strategy and want a realistic approach to trading, this episode will help you build a stronger foundation!
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In episode 168 of Let's Talk Forex, Alison and Chris break down how traders can use economic news in forex trading without letting it wreck their strategy. They explain which news events matter most, including interest rates, CPI, NFP and GDP, why expectations matter more than headlines, and how volatility, slippage and wider spreads can catch traders off guard.
The episode also looks at how geopolitical events ripple through forex markets, including safe-haven flows, oil price shocks, and the impact on currencies such as the US dollar, Japanese yen, Canadian dollar, and Norwegian krone.
If you want to understand how to incorporate news into your trading with more context, patience and better risk management, this episode is for you.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
VWAP is one of the most popular indicators in trading, but it is also one of the most misunderstood.
In episode 167 of Let’s Talk Forex, Alison and Chris explain what the volume weighted average price actually represents, how institutions use it as an execution benchmark, and why many retail traders misuse it as a support and resistance tool. You will understand when VWAP works best, why it fails under certain market conditions, how liquidity sessions and news events affect it, and how traders should use VWAP as a contextual tool rather than a trading signal.
If you want to understand VWAP properly and avoid one of the most common trading mistakes, this episode will change how you look at the indicator.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Beginners obsess over entry indicators and signals, but the real difference between surviving and blowing up your account is risk management.
In episode 166 of Let’s Talk Forex, Alison and Chris explain why risk control matters more than strategy, why protecting your capital is the number one rule, and how strict position sizing, stop losses, and risk-to-reward can make a mediocre strategy profitable and a brilliant one fail.
You will understand how drawdowns work, why losing 50 of your account means you need 100 to break even, how professional traders manage risk, how emotional stress destroys discipline, and simple rules you can follow to trade longer.
If you want to stop losing money and start trading smarter, this episode will change how you approach the market.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most traders don’t quit strategies because they fail. They quit because they feel uncomfortable.
In episode 165 of Let’s Talk Forex, Alison and Chris explain why normal drawdowns feel like failure, how losing streaks are part of probability, and when it actually makes sense to walk away from a system. They talk about evaluating a strategy with data rather than emotion, how market conditions affect performance, and the key questions to ask before switching again.
If you keep strategy-hopping after a few losses, this episode is for you.
Note: Sorry for Chris sound in this episode.
To watch this podcast episode as a video, please click here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Professional day trader and coach Caroline Randall joins Alison and Chris on episode 164 of Let's Talk Forex, to break down how she trades US30 (Dow Jones) using the 1-minute chart — starting her bias from the daily timeframe.
They cover how Caroline built consistency by focusing on one market, why timing matters more than most strategies, and what’s on her non-negotiable pre-market checklist (economic calendar, Fed, major headlines, and earnings). You will also hear how she decides when to stop trading, what changed after major volatility events, and why cutting down markets and screen time can improve results.
Topics include: US30 trading, day trading process, market timing, fundamentals vs technicals, news-driven volatility, and trader psychology.
Watch the episode here: https://youtu.be/1w6GRK5mBNE
Check out Caroline's channel here: http://www.youtube.com/@Trading_Angel
Her website here: http://www.tradingangel.co.uk/ and all her social media through this handle: @trading_angel.
Any direct enquiries to Caroline can be direct to Info@tradingangel.co.uk
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Set and forget trading is often promoted as an easy way to trade forex. You place a trade, set your stop loss and take profit, walk away, and let the market do the work. But does set and forget trading actually work in real market conditions, or is it a myth that sells simplicity?
In episode 163 of Let's Talk Forex, Chris and Alison break down what set and forget trading really means, why traders misunderstand it, and whether it can be a sustainable trading style for retail traders. The discussion covers pending orders, swing trading, and automated forex trading, along with the real risks traders often ignore, such as slippage, spread widening, leverage, swap fees, and changing market conditions.
The episode also looks at automated trading systems and forex bots, discusses why backtests often fail in live markets and why promises of guaranteed returns are a major red flag. Ultimately, this conversation explains why successful set and forget trading is not about ignoring your trades, but about predefined rules, realistic execution, controlled risk, and disciplined monitoring. If you are considering set and forget trading in forex, this episode will help you decide whether it truly fits your trading style and long-term goals.
The video version of this podcast can be found here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most Forex traders fail not because their strategy is bad, but because they never test whether it actually works over time. In episode 162 of Let’s Talk Forex, Alison and Chris explain how to backtest properly, why expectancy matters more than win rate, and how backtesting builds discipline through drawdowns and losing streaks. You’ll discover the biggest beginner mistakes, how to avoid overfitting, and why manual repetition improves execution and confidence. This is an essential guide for traders who want to stop guessing and start trading with evidence.
Watch the podcast on YouTube here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Why do so many Forex strategies look amazing on YouTube, only to fall apart when traded with real money? In episode 161 of Let’s Talk Forex, Alison and Chris break down the real reasons popular online strategies fail in live markets. They explore cherry-picked examples, survivorship bias, backtest overfitting, real-world trading costs like spread and slippage, missing risk management, and the psychology challenges traders face when real money is on the line. This video gives traders a practical checklist to evaluate any strategy they see online and explains what actually makes a strategy tradable, sustainable, and realistic in real market conditions.
Watch the podcast video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Where should you start as a complete beginner in Forex trading? In episode 160 of Let’s Talk Forex, Alison is joined by Erik, a real beginner trader, to break down Forex from the ground up. We explain what Forex trading actually is, how currency pairs work, why the market moves, and the most common mistakes beginners make when starting out. You’ll also learn why demo trading, focusing on one currency pair, understanding risk, and keeping things simple are essential for building a solid foundation before trading live. This video is ideal for anyone new to Forex who wants a clear, practical introduction without hype or overcomplication.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
New year and we are still here! In our first episode of season 8 of Let’s Talk Forex, Alison and Chris break down how institutions actually move the markets and why liquidity, not indicators or manipulation myths, drives major price moves. They explain why large players trade differently from retail traders, how stop-loss orders create liquidity, and how institutional activity leaves clear footprints in price action. You’ll learn to recognise false breakouts, liquidity grabs, and real market structure shifts, and how to adapt your thinking to read price more objectively instead of chasing moves. This episode is ideal for traders who want a clear, practical understanding of why price moves the way it does, without hype or jargon.
You can find the video version of this episode on our YouTube channel here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
How does a Forex broker really work behind the scenes? For this in-depth interview, Alison headed to Cape Town for a sit down with Lethu Lushaba, Senior Market Analyst at HFM to break down broker regulation, liquidity providers, execution speed, slippage, and how client funds are actually handled. Lethu also shares his personal trading journey, hard lessons on psychology and risk management, and why discipline and education matter more than any strategy. We explain how STP brokers operate, why traders aren’t “trading against the broker,” how segregated accounts protect client funds, and the red flags every trader should watch for when choosing a broker. This video is essential viewing for Forex, CFD, indices, and Gold traders who want transparency, safer trading conditions, and a clearer understanding of how modern brokers operate.
If you wish you can also watch the interview on YouTube!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Some market moves in 2025 were simply too well-timed to ignore. In this season finale (episode 159), Alison and Chris break down the trades that weren’t illegal, weren’t confirmed, but were almost impossible to explain without someone knowing something early.
We unpack the SPY 0DTE explosion hours before a tariff announcement, the volume spikes before major Bitcoin treasury buys, the crypto “leaks” that hit FX instantly, and the hedge funds whose macro predictions were just a little too accurate. You’ll also learn why retail traders often get caught in the volatility that follows these perfectly timed moves and why 2025 has become the year of “plausible deniability.”This isn’t a conspiracy. It’s understanding how modern markets really react: hyper-connected, hyper-reactive, and sometimes a little too convenient.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
December and early January are some of the strangest weeks on the FX calendar, and there are real economic reasons behind it. In episode 157 of Let's Talk Forex, Alison and Chris pull back the curtain on the Christmas effect in forex trading. Discover how holiday spending, e-commerce flows, international travel, low liquidity, and corporate year-end repatriation all combine to push currencies into unusual seasonal patterns. We also break down how 2025 macro forces, from AI-driven capital flows to the December Fed rate cut expectations, Japanese bond volatility, and Trump’s pro-risk policies, are amplifying the moves this year. Perfect for traders looking to stay ahead of December volatility, USD seasonality, and January reversals.
Watch the full video here!🎥
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most traders use the RSI completely backwards, and it costs them money. In episode 156 of Let’s Talk Forex, Alison and Chris break down what the Relative Strength Index actually measures, why the classic “sell at 70, buy at 30” approach fails in real markets, and how to use RSI like a grown-up trader. You’ll learn how to read RSI in context, use RSI zones to time pullbacks, avoid false divergence, and combine RSI with clean market structure. If RSI keeps getting you into trouble, this episode will show you exactly how to fix it.
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Regulators are finally cracking down on “finfluencers” in 2025, and traders need to understand what’s changing. In episode 155 of Let’s Talk Forex, Chris is joined by Erik and breaks down why regulators like the FCA and ASIC are targeting financial influencers, real enforcement cases (including James Pereira, Tyson Scholz, and the Abe Lim impersonation scam), and how young traders are being misled online. They also explain the rise of clone brokers, where the line is between education and illegal financial advice, and practical steps you can take to protect yourself. Whether you’re new to trading or simply tired of TikTok gurus, this episode gives you the context you need to stay informed and stay safe.
Watch the episode on YouTube here!
Further reading:
https://www.fca.org.uk/news/press-releases/fca-leads-international-crackdown-illegal-finfluencers
https://www.reuters.com/sustainability/boards-policy-regulation/australian-regulator-cracks-down-finfluencers-over-unlawful-financial-advice-2025-06-12/
https://www.investigate-europe.eu/posts/the-rogue-finfluencers-pushing-risky-investments-to-young-followers
https://www.businessinsider.com/finding-dora-influencer-instagram-pig-butchering-scams-victim-images-stolen-2025-7
https://home.barclays/news/press-releases/2025/10/influence-or-illusion--one-in-four-feel-under-pressure-to-act-qu/
https://www.financemagnates.com/forex/pepperstone-ceo-having-to-take-down-scam-websites-on-an-almost-daily-basis/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most traders slap Bollinger Bands on a chart and hope for the best, and that’s exactly why they fail. Alison and Chris help you break down how professional traders actually use Bollinger Bands to read market conditions, spot high-quality opportunities, and size trades using volatility instead of guesswork. Learn when to fade moves, when to follow them, and how to avoid the biggest Bollinger Band traps. If you’ve ever been burned by fake reversals or late breakouts, this episode is for you.
You can watch the full video and get all the visual examples on YouTube!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
New to Forex trading? Start with the three simplest strategies every beginner should learn. In episode 153 of Let's Talk Forex With Alison And Chris, they break down the Bull Flag breakout, the 20-SMA pullback, and the VWAP Magnet setup. Easy, repeatable strategies that help you trade with confidence and structure. No confusing indicators — just clear, step-by-step setups that actually work. Ideal for anyone seeking to establish a solid trading foundation.
Prefer video over audio? Watch this episode here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Forget signals and hype. In this episode of Let's Talk Forex, Alison and Chris walk you through how to use AI to analyse daily ranges, opening volatility, and session tendencies so you can trade with confidence. From exporting your data to building a one-page playbook, you’ll learn how to make ChatGPT your trading assistant and finally see your market in context.
Watch the full video here!
Daily frame:
“Using this CSV of [instrument] data, compute daily high–low ranges for the last 60 sessions. Report min, max, mean, and a rounded mode.”
Opening range:
“For each session, find the first 15-minute high–low range from [session open]. Report min, max, mean, mode, and note which quartile today’s opening range falls into.”
Correlation check:
“Measure the correlation between the first 15-minute range and the full-day range. Explain in plain trading language how I should adapt my targets.”
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Most beginners lose trades not because they can’t spot a trend, but because they don’t know when to enter. In this episode of Let’s Talk Forex, Alison and Chris reveal a simple, rule-based strategy using the 20-period Simple Moving Average (SMA) that helps you trade pullbacks with confidence. Learn how to spot clean trends, time your entries, and manage risk. Perfect for beginner traders who want a structured, repeatable way to trade with the trend.
Watch it on YouTube here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Episode 150 of Let’s Talk Forex is special. Professional trader Sam Morton from Actual Forex Trading joins Alison and Chris to reveal the truth about Forex trading in 2025. Sam shares his proven trading strategies, how he got started, and his thoughts on financial influencers shaping the market. They discuss why 2025 has been one of the toughest years for traders, key Forex trends and market insights, and how to navigate what’s next.
Watch the podcast on YouTube here: https://youtu.be/lpbxQ7saWCk
You can find Sam on YouTube here: https://www.youtube.com/@UCe-KW8-piz5SGonnkGkQOcw and visit his site here to learn more: https://www.actualforextrading.com
Visit us here for anything Forex related: https://fxscouts.com/
Join us on our social media channels:
FxScouts on Facebook: https://t.ly/CAjgH
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FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
New to Forex trading? This beginner-friendly episode of Let’s Talk Forex explains why every trade starts in the red and what the spread really means for your profits. Alison is away, so Chris is joined by Erik, who is a complete beginner in the Forex world. Chris breaks down how spreads work, why they change, and how to find brokers with low trading costs. Perfect for beginners who want to understand the basics and trade smarter from day one.
Broker images in the video version of this podcast this week are from Pepperstone, a broker with seriously low spreads! If you think you're paying too much to trade, check out Pepperstone here: https://bit.ly/4mRyMJf
As always, the video verison of this podcast can be found on YouTube
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Has Bitcoin peaked at $124,000, or is this just the start of a bigger rally? In this episode, Chris and Alison break down the 2025 crypto outlook — exploring Bitcoin’s recent pullback, the Fed’s policy decisions, and how inflation and global risk appetite are shaping the market. They also look at Ethereum and altcoins, and explain why crypto may be shifting from hype to maturity. Whether you’re a Bitcoin believer, an Ethereum watcher, or just trying to understand where crypto is headed in 2025, this conversation will give you the insights you need to stay ahead.
Watch the video here: https://youtu.be/7kuOtU_3HyI
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
You know your trading rules. You wrote them down. And yet, in the heat of the moment, you move that stop, chase that move, or double your size. Why do disciplined traders keep sabotaging themselves? In this episode of Let’s Talk Forex, Alison and Chris dig into the psychology of broken rules, the hidden triggers that trip us up, and the simple systems you can use to outsmart your instincts. From checklists and automation to friction hacks and accountability, you’ll walk away with a practical toolkit to finally trade the way you meant to.
Watch the full video podcast on YouTube here: https://youtu.be/5MwhJFj-kPM
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Gold has surged past $3,700 to new record highs in 2025—but what’s really driving XAU/USD? Join Alison and Chris as they break down the key forces behind the rally: central bank buying, safe-haven flows from geopolitical risk, Fed rate cuts, ETF inflows, and supply trends. They also explore what could derail the run and how traders can approach XAU/USD at these record levels.
Whether you’re a forex trader or investor, this 15-minute episode gives you the insights you need to understand why gold is soaring and what might come next.
Watch the full episode on YouTube here: Link
And don’t miss our LIVE Q3 Forex Market Wrap on Friday, September 26th! Aaron Hill, Chief Market Analyst at FP Markets, joins us for a fact- and data-packed session covering the biggest moves and outlook for Q4. Set your reminder here
Which Q3 market move impacted you the most? Cast your vote in our FX survey today! Take the survey (Closes Friday, September 26, 3PM CET)
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Prop trading firms are everywhere in 2025—but can you actually pass the challenge and collect a payout? In this Let’s Talk Forex video podcast, Alison and Chris break down prop firms in plain language: funded account rules, the 3–1–1 risk plan to improve your pass rate, KYC and payout pitfalls, one-step vs two-step challenges, trailing vs static drawdown, and whether a futures or forex prop path fits you. If you are searching for “best prop firms 2025,” “how to pass a prop firm challenge,” or “forex prop firms South Africa,” this episode gives you the rulebook and routine you need to trade cleanly and get paid.
What you will learn:* What a prop firm is, how profit splits work, and why risk management rules matter.
* The core rule set in 2025: daily loss limit, max drawdown, news rules, consistency, and banned strategies.
* The 3–1–1 plan: set the stop first, risk 0.25%–0.5% per trade, and stop for the day at −1%.
* A simple pre-trade checklist and one-line post-trade journal to keep you consistent.
* Payouts and KYC: how to match documents and avoid rejected withdrawals.
* One-step vs two-step challenges; trailing vs static drawdown—and how each changes your risk.
* Futures vs forex prop firms: schedules, costs, and which suits your lifestyle.
* Regulatory risks and recent headlines, plus practical record-keeping and tax reminders.
Enjoy the audio or watch the full video here if you prefer: https://youtu.be/w8Cj3aCA2tc
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Most traders do not fail because their systems are bad—they fail because they cannot execute consistently. In this episode of Let’s Talk Forex, Alison and Chris unpack trading psychology, overconfidence, and discipline, showing why your behaviour—not your indicators—usually decides your P/L.
What you will learn:* The myth of the “perfect” strategy and why consistent execution beats brilliance done badly.
* The emotions that sabotage traders: fear, greed, FOMO, and the revenge-trading loop—and how to break them.
* Overconfidence after hot streaks: size creep, widening stops, and “anticipating” entries.
* Practical discipline: a pre-trade checklist, fixed risk rules, daily loss limits, and process metrics that actually improve results.
* A simple case study (Trader A vs Trader B) that proves the system wasn’t the problem.
* A one-week discipline sprint to tighten your process fast.
Who this is for: Day traders, swing traders, and Forex/CFD traders who want steadier results through better execution, not new indicators.
If this helped, share it with one trader who needs to hear it, and subscribe for more clear, practical trading insights. You can also watch the YouTube video here: https://www.youtube.com/watch?v=QU5hWzZQb1g FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Think Forex is all about finding the perfect strategy, getting rich overnight, or that anyone can do it? Think again.In this episode of Let’s Talk Forex, Alison and Chris bust the biggest myths that keep traders stuck, frustrated, or losing money. From the truth about strategy and psychology, to why risk management matters more than flashy setups, this is the real talk every trader needs to hear. What you’ll learn in this episode:* Why strategy is only 20% of the game (and psychology is the other 80%) * Why not everyone is cut out for trading—and how to know if you are * The reality behind “easy money” promises in Forex * How proper risk management keeps you in the game long enough to win
Whether you’re a beginner or already trading, this episode will help you see Forex for what it really is—and what it takes to succeed. If you prefer to watch rather than listen, you can (as always) find the episode on YouTube as well: https://youtu.be/FIowqtLDFAU FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Success in trading isn’t just about charts and platforms, it’s about having the complete toolkit. In this episode of Let’s Talk Forex, Alison and Chris break down the essential tools every trader needs to thrive. From mastering the right mindset and building a solid education, to using backtesting, risk management strategies, trading journals, and reliable news sources, we cover it all. Whether you’re just starting out or sharpening your edge as a seasoned trader, this episode will help you structure your toolkit for long-term success in the markets.
Watch the YouTube video here: https://youtu.be/YBGfkDgSdaw
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Artificial Intelligence isn’t just hype anymore—it’s already reshaping the way traders approach the markets. In this episode of Let’s Talk Forex, Alison and Chris dive into how AI is being used in Forex trading today, from analysing price ranges and validating strategies to journaling emotional patterns and improving discipline. Discover real-world use cases, the pitfalls to avoid, and why traders who start using AI now—at any level—will have the edge. Whether you’re just getting started or already deep in the markets, this discussion will show you how to make AI your most powerful trading assistant.
If you prefer video format, you can watch this episode on YouTube here: https://youtu.be/jpfhEj_yNaM
And don't forget to check out FxScouts.com to find anything and everything you need to know about Forex trading and Forex brokers.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
We’re between seasons, but we couldn’t stay away…
Join Alison & Chris LIVE on YouTube this Friday at 16:00 CET for a special Market Recap covering:
- Earnings from the Magnificent Seven (Meta, Amazon, Apple, Microsoft & more)
- The FOMC decision and what it really means for traders
- Inflation data, job numbers, and the big one: NFP on Friday
This one won’t be on the podcast — it’s a live video stream.
Set a reminder and watch here: https://www.youtube.com/live/LaXJUxKRJWI
See you Friday!
What do a Wall Street philosopher, a billionaire hedge fund manager, and a tape-reading legend have in common? In this episode of Let’s Talk Forex, Alison and Chris uncover the incredible true stories behind three of the most influential traders in history: Richard Wyckoff, Paul Tudor Jones, and Jesse Livermore. Discover how Wyckoff decoded market psychology, how Tudor Jones turned a hangover into hedge fund greatness, and how Livermore made (and lost) fortunes by following trends. Packed with timeless trading wisdom, and personal lessons, this episode is perfect for anyone interested in forex, trading history, investing strategy, and the minds behind the markets.
You can also watch the episode here: https://youtu.be/8-9grqfNaU8
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Are minor and exotic Forex pairs the overlooked goldmine of trading—or a fast track to blown accounts?
In this episode of Let’s Talk Forex, Alison and Chris dive deep into the world beyond EUR/USD and GBP/USD. From USD/ZAR to EUR/TRY, learn what sets minor and exotic pairs apart, why volatility lovers are drawn to them, and the serious risks you need to manage. What you’ll learn in this episode:* The difference between major, minor, and exotic pairs
* Why some traders seek out exotic volatility
* Real-world examples like the Turkish Lira and Mexican Peso
* Slippage, spreads, swap fees—and how they can crush your edge
* Tips for trading local news events and managing wild price swings
* When to choose majors vs. when to explore exotics
* Proven risk management techniques tailored for high-volatility pairs
Whether you're looking to diversify or just curious about these lesser-known pairs, this episode delivers practical tips and hard-earned wisdom.Subscribe for more Forex insights from Let's Talk Forex at FxScouts You can also watch the full video on YouTube here: https://youtu.be/KQW_ZtYjX1Y FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Alison and Chris share the 7 key lessons they wish they'd known when they first started trading. They dive into critical insights like how managing risk matters more than being right, why demo trading is crucial for discipline, and how focusing on just a few pairs can lead to better results.Whether you're new to Forex or looking to refine your strategy, these practical tips will help you avoid common pitfalls and build a stronger trading foundation. Tune in for advice that can set you up for long-term success in the market.
Watch the full video on YouTube: https://youtu.be/YkyPbC31XrE
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Want to use moving averages like a pro? In this episode of Let’s Talk Forex, Alison and Chris break down 3 simple but powerful trading strategies using moving averages — perfect for both beginner and intermediate Forex traders. You can also watch the podcast on YouTube here: https://youtu.be/wvHf1fKh4ik
What You’ll Learn:* What are moving averages (SMA vs EMA) and how they work
* Why professional traders rely on moving averages to define trend and structure
* How to use the 20 EMA pullback strategy for precise entries
* The moving average crossover strategy to capture trend shifts
* How to trail your stop-loss with a moving average
* Trade filtering techniques using short and long-term MAs like the 200-day SMA
Whether you’re day trading, swing trading, or just trying to find a smarter way to trade trends — this episode gives you practical tools you can apply immediately.
Key strategies covered:* 20 EMA pullback entry
* 20/50 EMA crossover confirmation
* Using moving averages as dynamic support and resistance
* Filtering trades with the 5-day and 200-day MA
Simple, practical, and proven — these strategies help you avoid low-quality trades and stay on the right side of the market. FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
T
oday, Chris and Alison explore the exciting world of index trading—breaking down what indices are, how they differ from Forex, commodities, and individual stocks, and why so many traders prefer them for trend-based strategies.
In this episode, you'll learn:* What indices like the S&P 500, FTSE 100, and DAX really represent
* Key differences between trading indices, Forex pairs, commodities, and individual stocks
* Why indices offer diversification and are ideal for expressing big-picture market views
* Which asset classes trend best—and how indices compare to crypto, stocks, and Forex
* Proven index trading strategies: trend following, breakouts, swing trading, mean reversion & more
* The importance of market timing—including tips on trading during the Power Hour and session overlaps
Whether you’re a beginner curious about broad-market trading or a seasoned trader looking to refine your index strategy, this episode is packed with insights and practical tips. Watch the full episode on YouTube: https://youtu.be/mbrieW58Y3g FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
How do you trade when markets go wild? In this episode of Let’s Talk Forex, Alison and Chris dive deep into extreme market conditions—those nerve-racking periods of intense volatility when technical levels fail, the VIX spikes, and currencies swing wildly.
From the recent U.S.-China trade tensions and inflation shocks to central bank surprises, we break down:* What defines extreme market conditions
* How Forex markets behave under pressure
* Smart strategies for adapting your trading style
* Essential tools like ATR, VIX, and correlation matrices
* The psychology of trading during chaos—and how to stay disciplined
* Tips for protecting your capital and staying in the game
Whether you're a seasoned trader or just learning the ropes, this episode will give you practical tactics to survive—and potentially thrive—when markets go off the rails. Watch the episode on YouTube here: https://youtu.be/soCEPzoa254 FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In a bumper episode this week, Alison and Chris are joined by Michael Brown, Senior Research Strategist at Pepperstone. In a wide-ranging conversation, Michael discusses his start in institutional trading, offers some great advice for both aspiring and experienced traders, shares his thoughts on the current market chaos, and outlines what traders should look out for over the course of 2025.
View the full video interview here: https://youtu.be/HXgkczSakiA
You can find Michael here:
Michael Brown on X: - https://x.com/MrMBrown
Michaell Brown on LinkedIn: https://www.linkedin.com/in/michael-r-brown/
And learn more about Pepperstone here:
Visit Pepperstone: https://fxscouts.com/go/broker/pepperstone/visit/
Pepperstone on X: https://x.com/pepperstonefx
Pepperstone on YouTube: https://www.youtube.com/@Pepperstone
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Alison and Chris go deep on what it really takes to stick with trading for the long haul. From accepting losses without spiraling, to setting realistic goals, and building powerful habits like journaling and stress management — this is a masterclass in trading resilience.They share personal stories, practical strategies, and candid advice on how to develop the mental toughness and discipline required to succeed in the markets. Whether you're a new trader or a seasoned one who’s felt burnt out, this episode will help you reset, refocus, and keep going.
Key topics covered:* Why accepting losses is critical to your growth
* The power of process-based goals
* How journaling reveals your real trading patterns
* Managing stress before it manages you
* The role of mentorship and community in longevity
Watch the full video on YouTube here.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Are your trading decisions driven by boredom, frustration, or FOMO? You're not alone—and it's costing you. In this episode of Let’s Talk Forex, hosts Alison and Chris uncover the silent killer of trading accounts: overtrading. They break down the emotional triggers behind impulsive trades, reveal the hidden psychology that traps traders in a damaging loop, and share practical tools to regain control.
You’ll learn:
-How to spot your emotional trading triggers
-The truth behind boredom and revenge trading
-Proven techniques like the Trade Limit Challenge & 2-Minute Pause Rule
-How to build a 'No Overtrading' daily trading plan
-What to do when you're spiraling: the 5-Trade Reset
Watch the full episode on YouTube!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Struggling to balance a full-time job with your trading goals? In this episode of Let’s Talk Forex, Alison and Chris break down a step-by-step system to help you trade successfully—even with limited screen time.
Discover how to:* Choose the best trading strategies for a busy schedule (swing trading, end-of-day, and event-driven setups)
* Front-load your analysis on weekends for less stress during the week
* Use automation tools like TradingView alerts, economic calendars, and AI assistants
* Build a repeatable, low-stress daily and weekly trading routine
Whether you're a corporate professional, parent, or business owner, this episode is packed with practical tips, tools, and mindset shifts to help you grow as a trader—without burning out. Watch the full video here! FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Join Alison and Chris from Let’s Talk Forex as they dive deep into the Opening Range Breakout (ORB), one of the most structured and effective day trading strategies.
In this episode, you'll learn:
- The fundamentals of identifying and trading the opening range breakout.
- How legendary trader Toby Crabel formalized and perfected the ORB method.
- Essential filters like NR7 days and directional market bias to avoid false breakouts.
- Practical examples using real charts from Tesla and the DAX.
- Effective risk management and trade-targeting strategies for consistent success.
Watch the full video here: https://youtu.be/MYZGucSj9zk
Join us on our social media channels:
- FxScouts on Facebook: https://t.ly/CAjgH
- FxScouts on Instagram: https://www.instagram.com/fxscouts/
- FxScouts on LinkedIn: https://www.linkedin.com/company/fxscouts/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode, Alison and Chris break down the biggest forces shaping the crypto market in 2025—from recent price drops to institutional shifts, investor sentiment, and upcoming regulatory moves.
What you’ll learn:
Why crypto is sliding despite tech optimism
How macro trends and U.S. policy are impacting volatility
What to watch for next in the second half of the year
Key takeaways for traders, investors, and crypto-curious listeners, read our colleague Ida’s article here: https://moguldom.com/461904/navigating-the-2025-crypto-landscape-key-trends-and-predictions/
Website: https://fxscouts.com/
Join us on our social media channels:
FxScouts on Facebook: https://t.ly/CAjgH
FxScouts on Instagram: https://www.instagram.com/fxscouts/
FxScouts on LinkedIn: https://www.linkedin.com/company/fxscouts/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Struggling to see consistent results in your trading? You’re not alone—and the problem might not be the market. In this video, we reveal the five most common reasons trading plans fail, and what you can do to turn things around.
Whether you’re brand new or have years of experience, these insights will help you identify the weak points in your strategy, align your plan with your lifestyle and personality, and avoid the emotional traps that derail most traders.
Learn how to:* Build confidence through strategy testing
* Create a plan that fits your real life
* Plug the hidden gaps in your risk and trade management
* Adapt and evolve with the market
* Stay disciplined long enough to see results
If you’re serious about improving as a trader, this one’s for you. Like, share, and subscribe! Watch the full video here! FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Are wild market swings throwing off your trades? In this episode of Let’s Talk Forex, Alison and Chris take a deep dive into how to trade volatile markets with confidence and control. Whether you're a beginner trying to make sense of sudden price swings or a seasoned trader looking to sharpen your edge, this episode is packed with practical strategies and professional insights.You'll learn:* What market volatility really means and why it's both a threat and an opportunity * How major news events—like Trump’s tariffs and recession fears—trigger unpredictable price action * The two most effective strategies for trading volatile markets: exhaustion moves and momentum magnets * Crucial risk management techniques, including how to properly adjust your position size and stop-loss levels during high-volatility periods * How to avoid dangerous trader traps like overtrading, revenge trading, and chasing price * Why recognising when volatility is contracting can save your account from unnecessary losses
Trading during times of volatility doesn’t have to mean blowing up your account. With the right tools, mindset, and game plan, you can thrive in even the most chaotic market conditions.
Don’t miss this essential episode—hit subscribe, leave a review, and follow Let’s Talk Forex for more trading wisdom every week! You can also find the full video here! FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Are you chasing trades out of fear of missing out? Struggling with FOMO in Forex trading and watching your account bleed because of emotional decisions? You're NOT alone — and in this episode of Let's Talk Forex, we reveal practical hacks to control FOMO, trade smarter, and protect your sanity. In this episode, you'll learn: What is FOMO in trading and why it destroys accounts * How to beat FOMO without missing out on opportunities * Simple mindset shifts to stay calm and stick to your trading plan * Chris’s genius micro-lot hack* to satisfy FOMO without blowing up your account * How to deal with losing streaks and stop revenge trading * Why "trading without emotions" is a myth — and what to do instead
Whether you're a beginner Forex trader or a seasoned pro, if you’ve ever jumped into trades too late, this is for you. Stop letting FOMO control your trades — learn to trade with discipline and confidence.
Subscribe for more honest Forex trading tips, mindset hacks, and real trader talk. Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Trump is back—and markets are on edge. From USD volatility and trade wars to crypto surges and stock market shakeups, are we seeing a pattern in Trump’s policies?
In this episode of Let's Talk Forex, Alison Heyerdahl and Chris Cammack break down how Trump’s tariffs, deregulation, and foreign policy are shaking up forex, crypto, commodities, and stocks.
Discover what traders need to watch next: inflation risks, Fed moves, trade tensions, oil prices, and crypto regulations.
Are Trump’s market moves a trading opportunity—or a warning sign?
Tune in now! Or watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Want to turn market volatility into opportunity? In this episode, we break down how to trade three of the biggest news events in Forex: Non-Farm Payrolls (NFP), Consumer Price Index (CPI), and Federal Reserve (FOMC) meetings. Learn why these events move the market, how to anticipate price action, and how to trade them like a pro.
What You’ll Learn:* Why news events cause explosive price moves
* How to trade NFP, CPI, and FOMC with real examples
* A step-by-step guide to trading news effectively
* Pro risk management strategies to protect your capital
Don't trade blind—get the best strategies and insights to trade news successfully. Watch the full video here!
Resources & Links:* FxScouts Economic Calendar – Stay ahead of key market events
What’s your biggest challenge with news trading? Drop us an email at podcast@fxscouts.com and we will answer your questions in upcoming episodes.
Like, share, and subscribe for more expert trading insights. FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Thinking about going live in Forex trading? Before you do, watch this! In this episode of Let’s Talk Forex, Alison and Chris break down the safest way to transition from demo to live trading without blowing your account.Too many traders go live too soon, over-leverage, and… Game over. Don’t be one of them! Learn how to protect your capital, build confidence in live trading, and avoid costly mistakes with our proven, step-by-step approach.
In this episode, you’ll learn:
- Why most traders fail when going liveand how to avoid it
- How to transition safelyfrom demo to live trading
- The 1% risk rulethat keeps your account protected
- How to think like a risk manager, not a gambler
- The biggest mistakes traders make—and how to fix them
Watch the full video here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris dive deep into the psychology of holding onto trades and how to let your winners run. Whether you’re a beginner or an experienced trader, understanding the mental and strategic aspects of holding trades is crucial for long-term success in Forex trading.
Pro Tip: Learn how successful traders and hedge funds use small win rates with big winners to stay profitable—even with a high percentage of losing trades.
Whether you’re trading A-to-B setups or aiming for runners, this episode will help you build the confidence and discipline needed to maximize your trading potential.
Don’t forget to LIKE, SHARE, and SUBSCRIBE for more actionable Forex trading tips and strategies!
Watch the full video podcast here!
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode, Alison and Chris dive into the essentials of building a strong trading foundation. They break down the two fundamental trading approaches—momentum trading and mean reversion trading—and show you how to identify market conditions, spot key patterns, and create a simple yet powerful trading plan. Plus, they share essential risk management tips to protect your capital and maximise your potential. Whether you're a beginner or an experienced trader, this episode is packed with actionable insights to help you understand market behaviour, develop effective strategies, and manage risk like a pro. Watch the full video on YouTube.
A few useful links:
https://www.youtube.com/watch?v=Vi0QKuH5tLU
https://www.youtube.com/watch?v=V5xTl5ImxjE&t=3s
https://www.youtube.com/watch?v=iLlv0lauGyc
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Alison and Chris sit down with XM’s senior market analyst, Achilleas Georgolopoulos, to talk risk management in the world of Trump 2.0. Achilleas also discusses what it was like to work in investment banking as the financial world fell apart in 2007, why XM invests so much in quality trading education, how to get started building your own automated trading system, and so much more. Tune in and learn from one of the best market analysts in the business. You can also find the full video on YouTube.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
With lots of new traders looking for a broker to take advantage of the Trump-related volatility in the markets, it’s an ideal time to talk about how to find a good broker. Alison and Chris discuss regulation, trading costs, platforms, customer service and more. All of these aspects can make the difference between success and failure. So, tune in and learn how to find the right broker for your trading journey. Or watch the full episode on YouTube here: https://youtu.be/wlA_bTKqoZU
Here is some additional material to watch/read:
Why should you trade with a regulated broker: https://www.youtube.com/watch?v=cVVuYRTBLq8
The cost of trading: https://www.youtube.com/watch?v=geNipwjMkwo
The best brokers for beginners: https://fxscouts.com/forex-brokers/brokers-for-beginners/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Welcome to another episode of Let’s Talk Forex! In this episode, Alison and Chris break down two critical metrics every Forex trader must master: win rates and risk-reward ratios. Whether you’re a beginner or an experienced trader, understanding these numbers is essential to developing a smart, profitable trading strategy.
We’ll cover:* What win rates are and why they matter.
* How to calculate and use risk-reward ratios effectively.
* The importance of balancing win rates with risk-reward ratios.
* Why tracking your trades and paper trading are must-do steps for beginners.
* Advanced tips like factoring in probabilities to refine your edge.
By the end of this episode, you’ll have a clear understanding of how to apply these concepts to your own trading strategy. Don’t forget to like, subscribe, and share this episode with fellow traders! FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Welcome back to Let’s Talk Forex! We’re kicking off Season 6 with an exciting and informative episode. Thank you for joining us as we dive into a new season filled with valuable insights for traders of all levels.
Curious about CFDs (Contracts for Difference)? In this episode, Alison and Chris break down everything you need to know about CFD trading.Learn:* What CFDs are and how they work.
* The key differences between CFDs and traditional asset ownership.
* The pros, like accessibility and flexibility, and the cons, including risks from leverage and volatility.
We’ll also share practical tips on managing risks, such as:* Using stop-loss orders. * Diversifying your portfolio. * Starting with small position sizes.
Whether you’re new to trading or aiming to deepen your knowledge, this episode is packed with insights to help you trade smarter. Tune in now and join us as we explore the world of CFD trading! FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Get ready for a jaw-dropping season finale of Let’s Talk Forex! Alison and Chris dive deep into the craziest frauds that shook the trading world in 2024. From a $225 million broker scam to a junior trader faking trades worth millions, to the hilarious (and tragic) memecoin meltdown of an infamous influencer, and the final chapter of the Archegos debacle—this episode has it all. Tune in for shocking stories, hard-learned lessons, and a reminder of why due diligence is critical in the trading game. Don’t miss this rollercoaster ride through the year’s biggest Forex scandals!
Head over to YouTube if you want to watch the original video for this recording: https://youtu.be/Z0pASIZKs2E
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Ready to transform your trading game? In this episode of Let’s Talk Forex, Alison and Chris interview Aaron Hill, Head of Research at FP Markets. He talks about his journey, including his surprising transition into finance to his expert advice for beginner traders, Aaron shares:* How to build a winning trading strategy * The truth about technical vs. fundamental analysis * Managing risk like a pro (even in crypto!) * Why leverage can make or break your trades
Catch the full podcast now and discover the tools and insights that can take your trading to the next level!Don’t forget to like, comment, and subscribe for more pro tips from top Forex experts! Get in touch with Aaron and FP Markets:Visit: https://fxscouts.com/go/broker/fpmarkets/visit/ Full review: https://fxscouts.com/broker/fpmarkets/ Twitter: https://twitter.com/FP_markets/
Instagram: https://www.instagram.com/fpmarketsofficial/
Telegram: https://t.me/fpmarketsroom
Facebook: https://www.facebook.com/FirstPrudentialMarkets/YouTube: https://www.youtube.com/user/fpmarkets/
LinkedIn: https://www.linkedin.com/company/fp-markets/ Books recommended by Aaron:The Art of Currency Trading - Brett DonnelyAlpha Trader - Brett DonellyTrading in the Zone - Mark Douglas FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Are you struggling to improve your trading performance? The answer might be simpler than you think. In this episode of Let’s Talk Forex, Alison and Chris dive into one of the most underrated tools for traders: journaling your trades. Discover how a simple trading journal can uncover patterns in your performance, fix costly mistakes and bad habits, help you separate emotion from action and keep you disciplined and accountable.Whether you’re a beginner looking for structure or a seasoned trader aiming for consistency, this episode is packed with actionable tips to take your trading to the next level. Learn what to include in your journal, how to review it effectively, and why it’s the secret weapon of successful traders.
Head over to YouTube to watch the video: https://youtu.be/0rVzg7DfyMw
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let's Talk Forex, Alison and Chris dive into the crucial topic of risk management—a fundamental yet often underestimated aspect of trading that can make or break your success. They explore the discipline needed to implement strategies like the 1% rule, ATR-based stop-loss placement, dynamic position sizing, and time-based exits, all designed to protect your capital and optimize your trades. You'll also learn about setting maximum drawdown limits, keeping a trading journal, and adopting techniques such as scaling in and out of positions to enhance both your profitability and resilience. Whether you're just starting or looking to refine your skills, this episode is packed with actionable tips to help you trade smarter, protect your profits, and set yourself up for long-term success.
Head over to YouTube if you prefer to watch the video: https://youtu.be/FW7ld9WdU0g
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris tackle one of the most intriguing yet challenging strategies in trading: mean reversion. If you've ever wondered why markets often snap back after a sharp move, this episode is for you. We break down the concept of mean reversion, explore popular setups like Bollinger Bands and VWAP, and share detailed, step-by-step examples for applying this strategy effectively. Plus, they highlight common pitfalls, like averaging into losing trades, and offer practical tips on risk management to keep you from getting caught in a trending market. Whether you’re a day trader or swing trader, tune in to master the art of profiting from market snap-backs! Watch the full podcast video here: https://youtu.be/_fK0QpzxVwM Read more about how to trade double tops here: https://fxscouts.com/news/how-to-trade-double-tops/And check out Alison's video on Bollinger Band & RSI Strategy here: https://youtu.be/--jF8fTYN5o FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris break down the fundamentals of backtesting—a vital step for any trader looking to solidify their strategy with confidence. If you’ve ever hesitated to execute a strategy due to uncertainty, this episode is for you. Discover how backtesting allows you to simulate trades against historical data, gain hands-on experience in a risk-free setting, and refine your approach for live market success. From crafting a clear trading plan to tracking your results, Alison and Chris provide a step-by-step guide to help you use backtesting to build trust in your strategy and trade with greater assurance.
Head over to YouTube if you prefer to watch the video podcast https://youtu.be/eX2LFyXQcDE
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris break down the essential steps to creating a structured trading system for analysing your trades. Join the hosts as they guide you through a six-step process, from screening the markets and identifying key levels to setting up entries and exits. Discover how a repeatable, disciplined approach can take the guesswork out of trading and help you stay focused and consistent. Whether you're new to Forex or looking to refine your strategy, this episode is packed with insights and practical tips to help you take control of your trading decisions. Tune in, and let’s get systematic about success!
Head over to YouTube if you prefer to watch the video podcast https://youtu.be/XPdgyY5eM5M
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, hosts Alison and Chris sit down with veteran trader Patrick Reid, who brings nearly two decades of experience in the financial markets. Patrick shares his journey from trading derivatives at the world’s largest prop desks to becoming co-founder of Adamis Principle, where he now focuses on mentoring and educating traders. The discussion covers key topics including the differences between retail and institutional trading, Patrick’s trading style, and current market insights such as the strong US dollar, the challenges facing the EUR/USD pair, and the global economic outlook. They also dive into cryptocurrency’s role as an asset class and its potential future in the financial world. Whether you're a beginner or a seasoned trader, this episode is packed with valuable insights into the world of Forex and beyond.
This podcast is the audio of a video recording, Watch the video here: https://youtu.be/LU2NNW-RMPo
Check ut Patrick's full profile here: https://www.linkedin.com/in/patrick-reid-5b51bb21/
Book mentor sessions with Patrick here: https://calendly.com/adamisprinciple/our-mentoring-programmes?month=2024-10
Get insights into the life of a Forex trader here: https://currencytrader.scoreapp.com/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris dive into a crucial yet often overlooked aspect of trading—emotional triggers. From the highs of winning trades to the frustration of losses, emotions like greed and fear can derail even the most disciplined traders. They discuss how these emotions manifest, why they can be so damaging, and practical strategies for managing them. Whether you're riding a winning streak or struggling with losses, mastering your mindset is just as important as executing your strategy. Tune in for valuable insights on how to stay balanced in the face of market challenges.
This is the audio track of a video podcast, watch the full video here: https://youtu.be/Fn71YEubm0w
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode, hosts Alison and Chris explore the core principles that are essential for long-term success in Forex trading, regardless of your experience level. They discuss the importance of understanding correlated instruments, how to set optimal risk-to-reward ratios, and ways to effectively incorporate news events into your trading strategy. Additionally, they highlight the critical role that higher timeframe analysis plays in shaping informed trading decisions. These key concepts are vital for building a strong trading foundation, helping you create a more robust strategy and make smarter choices in the market. Tune in and take your trading skills to the next level!
This is the audio track of a video podcast, watch the full video here: https://youtu.be/8yt-xXtduek
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, Alison and Chris delve into a critical yet often misunderstood aspect of trading—drawdowns. They define what drawdowns are, why they happen, and the psychological impact they can have on traders. Listeners will learn how to gauge the risk level of their trading strategies through the concept of Maximum Drawdown (MDD) and gain insights into managing these inevitable dips without losing confidence. Whether you’re a seasoned trader or just starting, this episode provides essential strategies for navigating challenging periods and emerging stronger.
Watch the full video here: https://youtu.be/iWKQCyvrMGg
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of “Let’s Talk Forex,” we are thrilled to welcome back Caroline Rundell, also known as Trading Angel. Since her last appearance in March, Caroline has been busy completing her DipFA qualification, and we’re excited to hear how her journey as a successful Forex trader and coach has evolved.
In this insightful conversation, Caroline dives into her transition into coaching, sharing how her strategies and approach have grown over time. We explore crucial topics such as building effective trading strategies, mastering risk management, and maintaining emotional discipline. Caroline also offers valuable advice on guiding traders at different stages, avoiding common pitfalls, and the delicate balance of strategy testing.
Whether you’re a beginner or an experienced trader looking to sharpen your skills, this episode is packed with practical tips and wisdom to help you succeed in the Forex market. Don’t miss this engaging discussion!
Watch the full podcast video on YouTube - don't forget to subscribe! https://www.youtube.com/watch?v=PSvpEFgNf2I
Get in touch with Caroline through any of her channels here: https://linktr.ee/Trading_Angel
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let’s Talk Forex, hosts Alison and Chris tackle one of the most crucial yet overlooked aspects of trading: setting realistic expectations. They break down the difference between the glamorous success stories often seen online and the gritty realities most traders face. The discussion covers the balance between risk and reward, the dangers of chasing fast profits, and the importance of understanding false breakouts and market volatility. Whether you're just starting out or looking to scale up, this episode will help you align your goals with the real demands of trading. Tune in to learn how to manage your risk, grow your account steadily, and avoid the traps of unrealistic expectations.
You can find the podcast video on YouTube: https://youtu.be/8OApnRUPyQs
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
With Alison away this week, Chris discusses the background and the possible outcomes of the Federal Reserve's interest rate decision on September 18. It's the most important day for the markets this year, so tune in and find out how it might impact the markets and what to expect in the weeks and months ahead.
Watch this episode on Youtube: https://youtu.be/DwhvnEOY3Pw
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode of Let's Talk Products, Alison and Chris walk listeners through seven actionable hacks to enhance trading win rates. They discuss practical strategies that traders—whether beginners or experienced—can implement right away to sharpen their trading discipline, improve decision-making, and boost overall performance.
Watch the video version of this episode here: https://bit.ly/3TrNWJw
Key Hacks Discussed:
- Avoid Watching Your Profit and Loss All Day
- Use Limit Orders Over Market Orders
- Keep a Trading Journal
- Take Breaks After Big Wins or Losses
- Trade Less, But Smarter
- Spend More Time Reviewing Yourself, Not Just the Market
- Help Other Traders
Listener Questions:
Have questions or feedback? Reach out to us at podcast@fxscouts.com or via our social media channels.
Subscribe & Follow:
If you found today’s episode helpful, make sure to subscribe and like our channel to stay updated with future content.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris discuss a subject on every trader's mind: How to minimise losses. Everyone knows how to set a stop loss, but protecting your trading capital requires so much more. Tune in to hear Chris and Alison's advice on risk management, psychological discipline, adaptability, and how to use all the tools at your disposal.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Podcast video on YouTube:
Major, minor, and exotic currency pairs each have distinct characteristics that affect how they are traded in the forex market. They differ in terms of their liquidity, volatility, and availability at various Forex brokers. In this episode, Chris and Alison discuss how traders must adjust their strategies when trading these pairs, considering factors like political stability, economic conditions, and market sentiment, which can have a more significant impact on exotics than on major or minor pairs.
Live charts for major pairs:
EUR/USD: https://fxscouts.com/currency_pair/eurusd/
GBP/USD: https://fxscouts.com/currency_pair/gbpusd/
USD/JPY: https://fxscouts.com/currency_pair/usdjpy/
AUD/USD: https://fxscouts.com/currency_pair/audusd/
EUR/GBP: https://fxscouts.com/currency_pair/eurgbp/
USD/CAD: https://fxscouts.com/currency_pair/usdcad/
EUR/JPY: https://fxscouts.com/currency_pair/eurjpy/
AUD/JPY: https://fxscouts.com/currency_pair/audjpy/
USD/CHF: https://fxscouts.com/currency_pair/usdchf/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Active traders often group themselves into two camps: day traders or swing traders. Both seek to profit from short-term price movements as opposed to holding assets for long-term growth. The primary difference in the trading strategies is that day traders make many trades during a day, while swing traders trade an asset over a longer time frame, typically two days to a few weeks. Because we get so many questions from traders about which style is better, we thought we would talk about the pros and cons of day trading vs. swing trading.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode, Alison and Chris dive into the dynamic market movements of the first half of 2024. This year has been marked by unexpected developments across various markets. Join us as we explore:
- The Forex Market: A detailed analysis of the EUR/USD performance and key factors influencing its trajectory.
- Gold: Insights into what propelled gold to its all-time highs and predictions on its future direction.
- Bitcoin: Discussion on the significant Bitcoin halving event, the emergence of Bitcoin ETFs, and the new all-time high achieved in March.
- South African Rand: Examination of the forces affecting the South African Rand since 2023 and potential impacts post-elections.
- Prop Trading Scandals: An overview of the recent controversies in proprietary trading and the regulatory crackdowns that followed.
Tune in for a comprehensive review of these major market events and trends.
Supporting links for this episode:
Chris on the future of prop trading: https://open.spotify.com/episode/6gWxbNHUumhljDEr5xXDaY?si=f77efdbb328141c7
Why gold prices are so high: https://fxscouts.com/news/will-gold-prices-continue-climbing/
Why Forex trading volumes were low in early 2024: https://fxscouts.com/news/why-are-forex-trading-volumes-falling-in-2024-and-why-is-it-all-the-feds-fault/
Bitcoin's rise from the ashes: https://fxscouts.com/news/bitcoin-tops-50k-as-etf-interest-surges-traders-eye-aprils-halving-event/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Managing your risk in Forex trading is paramount to long-term success. Traders often underestimate the effects of market volatility and high leverage, and how margin calls can lead to the loss of capital. In this episode, Alison and Chris discuss effective risk management strategies, such as setting stop-loss orders, hedging, and correct position-sizing, to help traders navigate the unpredictable nature of the Forex market with greater confidence and sustainability.
Go vote on the topic of our final episode of season 4 (poll closes June 23rd, 2024): https://bit.ly/3KVTJSJ
Link to a previous episode on risk management (Apologies for the sound quality, this was one of our very first episodes!): https://spoti.fi/4b6UxyP
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Limit orders are powerful trading tools, but they require patience and a thorough analysis of the market to use them correctly. This week, Alison and Chris break down what limit orders are and how they can help achieve better profits. But they also have disadvantages, so tune in and find out how to best integrate them into your trading strategy.
YouTube video on placing stop looses (which is also discussed a bit in this episode): https://youtu.be/ZLWvIA-4-O4?si=rv6EAsU4BWEnwB2g
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The popularity of prop trading has exploded in the past few years, but the industry has been engulfed in chaos over the last 6 months. This week, with Alison away, Chris looks at how prop trading works, why it's so popular, what is causing the troubles besetting the industry, and whether calmer waters are in sight.
Link to Neal Bateman's interview: https://spoti.fi/4aN4KQM
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week, Alison and Chris delve into one of the most common yet often misidentified chart patterns: Double Tops. Understanding this pattern can be a powerful tool for predicting future price movements, but misidentifying it can lead to significant losses.
Tune in to learn: 🔍 How to accurately identify double tops 📈 How to effectively incorporate them into your trading strategy 💡 Tips and tricks to avoid common pitfalls
Enhance your trading skills with expert insights and practical advice. Don’t miss out!
Link to Alison's YouTube video as promised: https://youtu.be/Dx3tiwYcZeg
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris take a closer look at two giants of the trading industry. IG and Forex.com have both been around for decades and are trusted by hundreds of thousands of traders around the world. As you might expect, they excel in most areas but there are key differences that make them suitable for different types of trader. Listen in to find out which one best suits you and your trading style.
Our review of Forex.com: https://fxscouts.com/broker/forexcom/
Visit Forex.com: https://fxscouts.com/go/broker/forexcom/signup/
Our review of IG: https://fxscouts.com/broker/ig/
Visit IG: https://fxscouts.com/go/broker/ig/signup/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Flexibility is crucial in forex trading due to the dynamic and unpredictable nature of the currency markets. Prices are influenced by several factors, including economic indicators, geopolitical events, and market sentiment, which can change rapidly. In this episode, Alison and Chris discuss why flexibility is so important in Forex trading and how you can achieve it without taking unnecessary risks.
Link to the Pivot Point video as discussed in this episode: https://youtu.be/jB7dhCn8TBI
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Losing his job was the trigger that propelled Neal from beginner to trading coach. Like others in the travel industry, Neal Bateman’s job was put on hold during the pandemic. Seeking ways to make up for the loss of income, he came across Forex trading. Through big wins and hard losses, he stayed the course, educated himself, found a trading coach, and became a full time trader. He now coaches others through their own trading journeys. Neal’s story shows how with determination and hard work anyone can become a successful trader.
You can get in touch with Neal via email: neal@tradingangel.com
A few useful links and a promo code from Trading Angel!
Instagram: https://www.instagram.com/trading_angel?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==
YouTube: https://www.youtube.com/@Trading_Angel
FX Replay: https://fxreplay.com/?via=tradingangel with monthly 15% discount code: "TradingAngel"
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Known as the “commodity currency,” the Aussie dollar has long been recognised for its strong positive correlation with gold. In this episode, we take a deep dive into the correlations of gold and a basket of currencies, and show why through understanding these relationships, you can increase your profit potential, and also hedge your trades effectively. We also cover why the price of gold has sky rocketed in recent months and what its future may hold.
Read this article for more information: https://fxscouts.com/news/whats-driving-golds-meteoric-rise-and-how-long-can-it-continue/
Find a well-regulated gold broker here: https://fxscouts.com/gold-trading-brokers/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
A breakout occurs when a currency pair's price moves outside a defined support or resistance level with increased volume. It is a popular trading approach used by traders to take a position within a trend's early stages. This strategy is often the starting point for large price moves and increased volatility. In this episode, Alison and Chris discuss how you can identify a breakout, how to confirm that they have occurred, and how to manage your risk.
Link to YouTube short on Trading Breakouts: https://youtube.com/shorts/G46GV4PYn0c?feature=share
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The world of trading has changed dramatically over the past few decades, and with the ability to trade online, many Forex trading tools have been developed to help traders analyse the markets. Many brokers offer these tools free of charge or they are integrated into the brokers’ trading platforms. In this episode, Alison and Chris discuss four different types of trading tools:
- Tools for finding trading opportunities
- Tools for taking the market's pulse, or for keeping track of market sentiment
- Tools to calculate your profit and loss
- Trading strategy tools
For more information, check out the following pages:https://fxscouts.com/forex-tools/
https://fxscouts.com/economic-calendar/
https://fxscouts.com/forex-education/technical-analysis-vs-fundamental-analysis/FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
It's another special episode as Alison and Chris sit down with Tom Salmon, MD of Spreadex Trading, one of the UK's largest trading firms. In this wide-ranging conversation, Tom talks about the advantages of spread betting over CFD trading, why Spreadex linked up with TradingView, the state of the markets in 2024, and how traders can better manage their risk.
Episode links:
Learn more about Spreadex: https://fxscouts.com/broker/spreadex/
Listen to our episode on TradingView: https://open.spotify.com/episode/4KaeMjhGQiJwQbaOPZIVbm?si=792c9717f24f4b48
Alison's TradingView Tutorial: https://www.youtube.com/watch?v=rcUK70BoZ3g&t=35s
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
So many traders get caught out trying to predict where the market will go next. This approach is risky and often leads to losses. Trend following is a time-tested strategy that helps traders capitalise on directional market moves and increases your chances of profiting. In this episode, Alison and Chris discuss how to identify a trend and different trend trading strategies.
Link to YouTube video mentioned in this episode: https://www.youtube.com/watch?v=QiS9P6ya_Pg&t=6s
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Forex trading is a 24-hour business, but it's divided into the four main sessions. This week Alison and Chris discuss why it's a bad idea to try and trade them all and how to know where you should focus your energies. Lifestyle, sessions crossovers, assets and data releases all play a major part in this decision so tune in and find out which trading session will suit you best.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris preview a week full of interest rate decisions from some of the most important central banks in the world. But the focus is on the US Federal Reserve’s meeting on 20th March 2024 - there’s almost zero chance of a rate cut, but what will the Fed’s forward guidance mean for the EUR/USD and other major pairs? And will it restore some much-needed volatility to the market?
Links as promised:
Why are Forex trading volumes so low?: https://fxscouts.com/news/why-are-forex-trading-volumes-falling-in-2024-and-why-is-it-all-the-feds-fault/
Stay on top of central bank decisions with our economic calendar: https://fxscouts.com/economic-calendar/
Our episode on fundamental analysis: https://open.spotify.com/episode/7uEAJytIZAsJsrtat3zyxr?si=98e5b6cf893640b6FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
A truly inspiring episode this week as Alison and Chris talk to Caroline Rundell, aka Trading Angel (links to her YouTube channel below). Caroline started her trading journey in 2015, with zero knowledge but plenty of hope and determination. Now she’s a professional trader, trading coach - and soon-to-be qualified financial adviser. In a world where the reality of trading is often obscured by social media “experts” with flashy cars and get-rich-quick schemes, Caroline’s story shows how anyone can become a successful trader with hard work and education.
Trading Angel Trading Coaching: https://tradingangel.co.uk/
Trading Angel on YouTube: https://www.youtube.com/@Trading_Angel
Trading Angel on Instagram: https://www.instagram.com/trading_angel_caroline
Trading Angel on Tiktok: https://www.tiktok.com/@trading_angel
And send me Caroline an email if you’d like to sign up for coaching Info@tradingangel.co.uk
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris talk about market sentiment and why it can be a confusing indicator for many beginners. So, if you find yourself trading against market sentiment, don't panic! You're probably right... But listen in to find out why and how you can use sentiment analysis as part of a successful trading strategy.
Links:
IG Client Sentiment Report: https://www.dailyfx.com/sentiment-report
COT Report:https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
Long term trading strategy with the COT Report: https://fxscouts.com/forex-education/long-term-trading-strategy-with-the-cot-report/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week, Alison and Chris take a close look at XTB and Pepperstone, two of our highest-rated brokers, and ask which one would work best for you. Both are well-regulated with low trading costs - but once you start digging, it’s obvious that they are suited to different types of traders. Listen in and learn why we rate them so highly and which one you might want to consider if you’re thinking of switching broker.
Links as promised in this episode:
Pepperstone Review: https://fxscouts.com/broker/pepperstone/
XTB Review: https://fxscouts.com/broker/xtb/
Trading Angel on YouTube: https://www.youtube.com/@Trading_Angel
Previous episode with Chris Weston from Pepperstone: https://open.spotify.com/episode/0K6eQp8wmidtDHhf3CQ3sh?si=6765abee5d654445
FxScouts Annual Broker Awards: https://fxscouts.com/forex-awards/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris discuss mobile trading apps and whether mobile trading should be part of your trading plan. Mobile trading is everywhere these days, and there are some real benefits to trading apps. But does that mean it should be your primary trading tool? Listen in to learn about the pitfalls of trading on your phone and how to use your trading app effectively.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris take a closer look at TradingView. What started out as a charting application with social elements has evolved into a fully-fledged trading platform. It’s modern, easy to use and packed full of useful features - but the free version is very limited, so we also discuss whether the premium versions are worth the cost.
The best brokers with TradingView integration: https://fxscouts.com/forex-brokers/tradingview/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Technical indicators can seem a bit overwhelming at first, so this week Alison and Chris take a closer look at the most popular technical indicators used in short-term Forex trading and discuss how to use them effectively. Also discussed are how to know when to use the right indicator, and how to avoid the common mistakes traders make when using them.
Links:
How to use the 200 day Moving Average: https://youtu.be/r-zo-3sRr64
What are Moving Averages: https://youtu.be/DOtRb7CQ8ms
What is the Relative Strength Index (RSI): https://youtu.be/6f2nkM_s2i4
Average True Range: Measure volatility and minimise risk: https://open.spotify.com/episode/76ojbdBS96CmjC3AvV9TpB
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week Alison and Chris discuss the difference between trading Forex and trading stock CFDs. While there are some superficial similarities, if you dig a little deeper you find differences in trading hours, leverage, analysis, costs and the risks involved. All this and more is discussed with recommendations for which form of trading might suit you best.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The Forex market is the most active financial market, trading over 7.5 trillion USD per day. Given the level of activity and volatility in this market, a well-planned trading strategy is required to make the most of these opportunities. However, building such a strategy can be challenging for beginners.
The 5-3-1 forex trading technique simplifies that. It helps traders develop a clear trading plan for the forex market. Unlike other techniques that focus on trading mechanisms, chart patterns, and indicators, the 5-3-1 technique allows traders to narrow down the Forex pairs they would like to trade, the trading strategies they want to use, and choose a time of the day to trade.
In this episode, Alison and Chris outline how to define which currency pairs you should choose, how to choose trading strategies that suit your risk appetite and trading style, and how to figure out which time of the day will create the best trading opportunities.
Links as promised in this episode:
https://youtu.be/ZLWvIA-4-O4
https://youtu.be/040sujxN7IE
https://open.spotify.com/episode/4T895k6O7bV3cNVFRjTSDV?si=245bbcab0f774f1f
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Forex trading is a high-risk venture and good risk management is the key to success, but could an over-cautious approach lead to larger losses or prevent you from progressing in your trading? In this episode, Alison and Chris discuss scenarios where traders hold back, only to realise larger losses in the long run, causing untold frustration and damaging their trading psyche. They also discuss ways to manage your trades effectively while risking enough to make them worthwhile.
Links to educational YouTube videos as promised in this episode :-)
https://youtu.be/ZLWvIA-4-O4
https://youtu.be/qH5HAUlqSwI
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In most other areas, the gender gap between men and women is closing, but in the finance sector, the disparity is the largest. Recent data shows that only 16% of new Forex trading clients are women. In this episode, Chris and Alison delve into the reasons behind these surprising statistics and provide some tips for how women can successfully enter the Forex trading space.
Women in Trading:* Caroline Rundell: Trading Angel - on Tik Tok * Emily: Mindfully Trading - https://www.youtube.com/@MindfullyTrading * Annika Masrani: Finpact https://www.youtube.com/c/Finpact
And check out our YouTube channel: youtube.com/@fxscouts and our education pages: https://fxscouts.com/forex-education/ DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In the final episode of 2023, Alison and Chris look back at some of the year's biggest Forex trading scandals. From hedge fund bosses trying to manipulate the South African Rand, to prop trading firms fleecing their own traders - there's always someone willing to cheat in order to make more money. We'll be back in the second week of January, so wishing you call a wonderful festive period.
To avoid being scammed or to learn what to do if you think you have been scammed, please read mroe here: https://fxscouts.com/report-a-scam-broker/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The primary goal of any trader is to risk as little as possible to make as much as possible. And one of the most effective tools to achieve that is proper stop-loss positioning. So, how do you set a stop-loss that aligns with this objective? In this episode, Alison and Chris provide practical advice for setting stops that are neither too tight or too wide and those that avoid the typical crowded levels.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The 80/20 rule says that 80% of your results come from 20% of your actions – this is a widely accepted principle in many areas of our daily lives and business. The same applies in trading, 80% of your profits will come from 20% of your trades. Most traders think that to improve their trading performance, they will have to spend months refining and testing out new strategies. However, often small tweaks and changes to their current strategy can make a huge difference to their bottom line. In this episode, Alison and Chris provide three easy ways to drastically improve your trading strategy.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
On Saturday, 7th October, Hamas launched a massive attack into southern Israel from its stronghold in the Gaza strip. Because Israel was caught by surprise, so was the world – and consequentially the global financial markets. The market reaction so far has been almost exactly as any fundamental analyst would expect, though with some interesting variations. In this episode, Alison and Chris launch into an in-depth analysis of how the Middle East conflict is affecting various currencies and commodities, and how it differes from other conflicts' effect on global financial markets.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week, Alison and Chris take a closer look at the global AI phenomenon that is ChatGPT and how it can be used to improve your trading. Spoiler: It's not going to make you a millionaire overnight, but there are a few ways you can harness it to make trading more efficient.
ChatGPT predicting stock prices: https://www.cnbc.com/2023/04/12/chatgpt-may-be-able-to-predict-stock-movements-finance-professor-says.html
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
This week, Alison and Chris discuss how negative emotions can impact your trading, and what you can do to overcome them to trade smarter and more profitably.
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
The cryptocurrency market has been on a rollercoaster recently, much of it driven by fundamental factors such as the effect of the Terra-Luna crash, the FTX collapse and the threat of tighter SEC regulation. In this episode, Alison and Chris discuss crypto's performance over the last year and where the market may be headed.
Read more about cryto trading and crypto brokers here: https://fxscouts.com/cryptocurrency-trading/
DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Ever since its inception, Bitcoin has skyrocketed in popularity, but has taken investors and traders on a wild ride. Its success paved the way for the emergence of numerous other crypto coins. However, due to the decentralised nature of cryptocurrencies, they are highly susceptible to sudden price fluctuations. While this volatility may provide opportunities for high returns, it also carries a higher risk of losing money. In this episode, Alison and Chris delve into the history of cryptocurrency and explain both the pros and cons of trading cryptos.
For more info on crypto, please visit: https://fxscouts.com/cryptocurrency-trading/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
No deposit bonuses are popular promotions offered by brokers to entice new customers. They are designed to allow new clients to experience the platform and start trading without risking any of their own funds. In this episode, Alison and Chris talk about the advantages of using no-deposit bonuses, tips for trading with a no-deposit bonus, and what you need to know before you use them.
Link to the list of top ranked Forex brokers with a no-deposit bonus as discussed in this episode: https://fxscouts.co.za/forex-brokers-south-africa/no-deposit-bonuses/
DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
In this episode, Chris and Alison cover how traders use mean reversions, mean reversion technical analysis tools, and how day traders and swing traders use these patterns to icrease profits.
What is mean reversion? Mean reversion is the concept that asset prices and volatility eventually return to their long-term average levels. As a result, traders use mean reversions to time their entries and exits.
Links as promised in the episode:
Sharpen Your Trading Strategy with the Power of Asset Correlation: https://open.spotify.com/episode/0SvPkIcSEwdTgl4PRJ1hzA
Predicting the Future with Fibonacci Retracements: https://open.spotify.com/episode/2sAegMwRuLhZV6ujw04NYt
Why the MACD is a vital tool in your trading toolbox: https://open.spotify.com/episode/0nb88rCsloH5dSO4i9OzEE
The Relative Strength Index: https://open.spotify.com/episode/0ATRJtLIQ0sfRXabXCODAT
Bollinger Bands: https://open.spotify.com/episode/3JXk4IIaLLc2sETGkv7ssJ
Moving Averages: https://open.spotify.com/episode/6Rhi6ZWS0XQkRbrO1zWyaM -
The MACD Explained: https://fxscouts.com/news/macd-explained/
Candlestick Patterns Explained: https://fxscouts.com/news/candlestick-patterns-explained/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Balancing full-time work and trading requires discipline, dedication, and a solid trading plan. In this episode, Alison and Chris provide tips and techniques to help traders achieve success in their trading activities while balancing their full-time work.
Links as promised in the episode :-)
https://fxscouts.com/economic-calendar/
https://fxscouts.com/forex-education/developing-a-trading-plan/
https://open.spotify.com/episode/4sJ7Gfd47PoG7uCJhxjrlh
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Fibonacci retracements are a popular form of technical analysis used by traders to predict future potential prices in the financial markets. Fibonacci retracements and ratios can help traders identify upcoming support and resistance levels based on past price action. In this podcast, Alison and Chris talk about what retracements are, the benefits of trading retracements, and how to use the Fibonacci Retracement tool.
Fibonacci Retracement video - https://fxscouts.com/latest-forex-news-and-analysis/what-are-fibonacci-retracements/
The Best Times to Trade Forex - https://fxscouts.com/forex-trading-hours/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Asset correlation is the degree that financial assets, such as Forex pairs or commodities move in relation to one another. Two assets that move in the same direction are positively correlated, while those that move in opposite directions are negatively correlated. Understanding how asset correlation works is a very important step in building a trading portfolio.
Links mentioned in this episode:
Pepperstone: Smart Trader Tools https://fxscouts.com/broker/pepperstone/
Vantage: Smart Trader Tools https://fxscouts.com/broker/vantagefx/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Axi: MT4 NexGen https://fxscouts.com/broker/axitrader/
FP Markets: MT4 Trader Toolbox https://fxscouts.com/broker/fpmarkets/
Admirals: MT4 Supreme Edition https://fxscouts.com/broker/admiral/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
One of the easiest technical analysis tools to learn and use, channels are simple but powerful trend indicators. This week, Chris and Alison discuss how to use channels correctly to find the best trade entries and exits, how to increase their accuracy with other technical analysis tools, and the common pitfalls to avoid. Link to the page discussed at the end of this episode: https://fxscouts.co.za/news/outlook-grim-for-the-rand-as-fundamentals-converge/ DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
They've been driving the Forex market all year, but how exactly do inflation and interest rates impact Forex prices? In this episode Alison and Chris take a close look at the relationship between higher prices in the shops, central banks, and the Forex market volatility we have seen in 2023.
Trading is not easy, especially when you are starting out. There is so much to learn, from trading terminology to charting to trading platforms, and performing fundamental and technical analysis. Many beginners also don’t know how to tell the difference between a good broker and a bad broker. In this episode, Alison and Chris cover everything you should look for in a broker when you start trading.
A few links as mentioned in this episode:
https://fxscouts.com/forex-brokers/brokers-for-beginners/https://fxscouts.com/broker/avatrade/https://fxscouts.com/broker/xtb/https://fxscouts.com/broker/pepperstone/https://youtu.be/cyhsuFPpzd4
A special episode this week as Alison and Chris chat with the Directors of FxScouts, Malin Cammack and Björn Michels. Learn how the company started, how we maintain our independence, and why an ethical approach to Forex trading is at the heart of everything we do. Malin and Björn also share how the loss of a beloved colleague and partner has provided a legacy of moral responsibility that continues to guide the company.
Read more about FxScouts here: https://fxscouts.com/about-us/
In this all-new episode, Alison and Chris recap the market highlights over the summer: from interest rates hikes and cooling inflation to the crypto crash. New episodes will be out every week from now on, so there’s also a discussion of what’s in store for Season 3 of Let’s Talk Forex.
To close out the season, Alison and Chris take a deep dive into how much money Forex traders actually make. They discuss the difference in earnings between institutional traders and retail traders and then take a closer look at some of the very best traders in the world. Thank you for tuning in this season, we will be back again mid-August. In the meantime, have a listen to one of our other 55 episodes from Season 1 and 2.
Here is a link to a tutorial about spreads as mentioned in this episode: https://youtu.be/Mi-r3koRjE0
The Moving Average Convergence Divergence (MACD) is a vital tool in a trader's toolbox due to its ability to combine elements of both trend and momentum indicators, providing valuable insight into potential buy and sell points. Its versatility across various timeframes and markets, coupled with its ease of interpretation, makes it popular among beginners and experienced traders alike. In this week's podcast we will discuss how the MACD is used, and provide some tips on how to take full advantage of the indicator.
Watch the video here: https://youtu.be/8pv9v3newaA
Link to how to videos about candlesticks as mentioned in this episode:
https://youtu.be/8TNNPXTAiaU
https://youtu.be/4bL9JzY5zN0
Fundamental analysis is a critical component of trading decisions. It provides an understanding of the driving forces behind market fluctuations, including economic, financial, and geopolitical factors. In this episode, we provide an overview of fundamental analysis and real examples of how it influences the market.
Economic calendar: https://fxscouts.com/economic-calendar/
Price action trading is a trading methodology that relies on the interpretation of raw price movement rather than using technical indicators. Traders who employ this strategy focus on price charts and patterns to interpret and predict future price movements. In this podcast we cover the fundamentals of price action trading and how to trade it.
Read more about Price action trading here: https://fxscouts.co.za/forex-education/what-is-price-action-trading/
Most bad trades aren't due to a lack of experience, it's because most traders don't follow correct risk management. This week Alison and Chris run through their 10 essential tips for managing risk. Listen in and learn how to limit losses and increase your profits.
Timing the Forex market is the key to success as a Forex trader because it impacts potential profits and risk exposure. By understanding and capitalising on the market's volatility, traders can aim to enter and exit positions at optimal price levels. In this podcast, we talk about the best times to trade on the Forex market.
Read more here: https://fxscouts.com/forex-trading-hours
This week, we revisit our most listened to episode on the fundamentals of trading.
Over the past decade, Forex trading has exploded - anyone with a mobile phone and internet connection can trade on the Forex market. In this episode, we cover the basics of Forex trading, including what it is, what moves the markets, fundamental and technical analysis, and the risks of forex trading.
If you haven't yet listened to the previous episode, just scroll to our first ever episode where ever you are listening now :-)
Here is a link to more info on the economic calendar that Alison and Chris we talk about in this episode: https://fxscouts.com/economic-calendar/
The Average True Range (ATR) is an indicator that measures market volatility. It's used in technical analysis and shows how much an asset's price moves, on average, during a given time frame. In this episode, we discuss how ATR works and how it can be applied to a trading strategy.
The Relative Strength Index (RSI) measures the speed and magnitude of an asset's recent price changes to evaluate overbought or oversold conditions in the price of that asset. In this episode, we cover the basics of the RSI and how to use it.
Here is a link to the book mentioned in this episode: https://books.mec.biz/tmp/books/218XOTBWY3FEW2CT3EVR.PDF
These simple but valuable indicators provide Forex traders with dynamic support and resistance levels AND show price momentum. This week Alison and Chris discuss how Bollinger Bands work and the pitfalls traders should avoid when using them.
Many traders have their favourite technical indicators, and these indicators become part of their standard strategy. Moving averages (MAs) are used by the majority of traders for identifying trends and possible entry and exit points. In this episode we discuss what MAs are and how you can effectively incorporate them in a trading strategy.
Because Forex traders often seek out stable investments that can hedge against inflation, market instability, and other geopolitical factors, gold has become more popular than ever. In this episode we discuss what influences the price of gold and tips for trading the precious metal.
https://fxscouts.com/gold-trading-brokers
With a daily trading volume of $1.3 trillion, the EUR/USD is the most traded currency pair in the world. This week, Alison and Chris discuss why it’s a good currency pair for beginners to trade, how global events impact its price movement, and why it’s so heavily traded.
https://fxscouts.com/currency_pair/eurusd/
https://fxscouts.com/forex-education/eurusd/
https://fxscouts.com/forex-education/non-farm-payroll-report/
The Non-farm Payroll (NFP) report is one of America’s most important economic announcements and affects everything from the Fed’s interest rate policy to the price of gold. In this episode we cover the importance of the NFP and how it can be traded.
For more information on trading the EUR/USD: https://fxscouts.com/currency_pair/eurusd/
For more information on the latest interest rate hike: https://fxscouts.com/fed-interest-hike-announcement-march-2023/
Timeframes may not seem like the most exciting topic, but understanding how to use them correctly is essential for all Forex traders. This week, Alison and Chris discuss which timeframes are best for your trading style and how to use multiple timeframe analysis to reduce your risk and make better trading decisions.
An expert advisor is basically a piece of software designed to execute a trading strategy. In this episode we cover how they work, why people use them, and how they differ between platforms. Enjoy!
This week Alison and Chris are joined by Chris Weston, Head of Research at Pepperstone. A former trader with 20 years’ experience in the industry, Chris discusses how to create a rules-based trading plan and shares inspirational tips and strategies from his own vast knowledge of the trading world.
Our Pepperstone Review: https://fxscouts.com/broker/pepperstone/Sign up to The Daily Fix with Chris Weston: https://cloud.go.pepperstone.com/join-daily-fixFollow Chris Weston on Twitter: https://twitter.com/ChrisWeston_PS
The VIX was created by the Chicago Board Options Exchange in 1993 to measure stock market volatility, specifically volatility in the S&P 500 index. The VIX is often called the “fear index” because when the VIX rises, stock markets tend to crash. In this episode we explain how traders can use it to hedge against falling stocks and how it is traded as a CFD instrument.
Learn more about the VIX here: https://fxscouts.com/forex-brokers/vix-volatility-brokers/
Do you know which trading platform works best for you? This week, Alison and Chris take a close look at MT4, MT5 and cTrader and discuss why each one suits a different type of trader. Tune in to find out which one will fit you best and how your choice will impact your trading.
Learn more about why Apple banned MT4 and MT5 from the App Store here: https://fxscouts.com/app-store-takedown-highlights-security-flaws-in-worlds-most-popular-forex-trading-platform/
Our MT4 tutorial - coming very very soon :-)
Watch our MT5 tutorial here: https://youtu.be/-fa4WVwiuN8
Watch our cTrader tutorial here: https://youtu.be/pnPc7GOD9qE
Visit https://fxscouts.com to learn more about which brokers offer the best platforms.
In the second part of our series on psychology in trading, Alison and Chris chat about market psychology, also called behavioural economics. While markets may seem rational and driven by fundamentals, they are often upended by herd mentality and other irrational factors which can drive prices in unexpected directions. Useful links:Previous Episode with HFM’s analysts: https://open.spotify.com/episode/0wgMsHzEBQY7yuilCKFkm5?si=7e4b5516feb74ebf Elliott Wave Theory: https://fxscouts.com/forex-education/elliott-wave-principle/The Volatility Index: https://fxscouts.com/forex-brokers/vix-volatility-brokers/
In this special double-length episode, Alison and Chris are joined by HFM’s (formerly Hotforex) top market analysts, Stuart Cowell and Andria Pichidi. In a wide-ranging conversation, Stuart and Andria discuss their market predictions for 2023, the importance of trading psychology, and reveal their top tips for beginner traders to become successful.
As promised, here are a few links to events, books, and articles mentioned in this episode:
- HFM’s USD Analysis: https://tradeforexsa.co.za/dovish-statement-bumps-usdindex/
- Autochartist Tool: https://www.hfm.com/sv/en/trading-tools/autochartist
- Mark Douglas - Trading in the Zone: https://books.google.pt/books?id=8SL6VVMa9AcC&lpg=PA9&pg=PA9#v=onepage&q&f=false
- Edwin Lefèvre - Reminiscences of a Stock Operator: https://books.google.pt/books?id=Bu-ZEAAAQBAJ&lpg=PP1&pg=PP1#v=onepage&q&f=false
- Charlie Munger Profile: https://www.forbes.com/profile/charles-munger/
- Contact for HFM’s Joburg offices: https://www.hfm.com/za/en/contact-us
- Finance Magnates Event in Joburg: https://events.financemagnates.com/fmas23/lp/
Join Alison and Chris as they discuss how fear and greed drive poor trading decisions, and advise on the best ways to keep emotion out of your trading.
Momentum trading is a strategy that capitalises on momentum to enter a trend as it is picking up steam. "Buying high and selling higher" sounds easy, but successful momentum strategies rely heavily on oscillators and technical analysis. Join us as we discuss which indicators to use, how to create a momentum trading strategy, and how to avoid the common pitfalls.
Check out our Forex education section for some additional reading.
Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to trading. This episode covers the basics of support and resistance, how to identify these levels, and how to employ them in various trading strategies.
More info on how to place your first trade here.
Copy trading is a great way for beginners who lack trading experience and knowledge to start their trading careers. It helps traders familiarise themselves with different platforms, when to enter and exit trades, and gain some understanding of the various financial instruments.
We have put together a list of brokers who offer copy trading to help you get started.
In our final episode of Season 1, Alison and Chris look at some of the most successful Forex trades in history... and some of the most disastrous. Tune in to pick up tips from the best traders of all time, and some valuable lessons from the biggest trading losses.
Understanding different order types is a crucial part of trading. They help traders manage their risk and prevent huge losses when prices move unexpectedly in the wrong direction. In this episode, Chris and Alison cover the basic order types, how they function, and how traders can incorporate them into a trading strategy.
Additional useful info:
https://fxscouts.com/forex-education/what-is-stop-loss-and-take-profit
Why are demo accounts so important for beginner traders? How bad is it to skip practicing on a demo account? And how is a demo account different from a “real” trading account. In this episode, Alison and Chris dive into the world of demo accounts and share personal stories of past mistakes to help beginner traders get a successful start to their trading careers.
We have also put together a toplist of brokers with the best demo accounts for you.
https://fxscouts.com/forex-brokers/demo-accounts
A special episode this week as Alison and Chris interview Monty Barnard, the COO of Khwezi Trade, one of South Africa's leading Forex brokers since 2013. We chat with Monty about the global changes in the Forex industry and how they have affected South Africa. We also find out what it's like to run a Forex broker, and how traders have changed, especially over the last tumultuous 6 years.
This is NOT a sponsored episode. Khwezi Trade is a South African broker and partner of ours, and while they are featured on our sites, we have received no financial compensation for this interview. Khwezi Trade has been tested and evaluated objectively according to our guidelines. You can read our review guidelines here, and our review of Khwezi Trade here.
Leverage is a double-edged sword. It's essential for making a profit in Forex trading, but using it recklessly will only lead to disaster. Tune in to find out how leverage works, why it's important, and how to use it wisely. We'll also discuss the difference between leverage and margin and why regulators sometimes restrict the amount of leverage a broker can offer.
A few things mentioned in the episode you may want to check out:
Some more reading on Leverage: https://fxscouts.com/forex-education/what-is-leverage-in-forex-trading/
And our video on Leverage explained on YouTube.: https://www.youtube.com/watch?v=gLnoFMLEYIg&t=116s
Crypto trading has recently come under the scrutiny of some of the world’s top tier regulators. In this episode we cover the basics of crypto trading, the difference between crypto trading and trading crypto CFDs, and what recent regulatory changes mean for you as a trader. Visit FxScouts to learn more and find a regulated broker.
To know more about GoMarkets which Alison mentions at the beginning of this episode, check out their review here.
Positional traders tend to ignore short-term price movements and prefer to rely on fundamental analysis and long-term trends. They hold positions for months and sometimes even years. Listen to our podcast to find out more about whether positional trading is the right style for you.
For more educational material on Forex trading, checkout our Education section here.
Many traders think that day trading and scalping are similar. Although both trading styles do take place within one trading day, there are important differences between the two. In this podcast we discuss the golden rules of day trading and how to go about choosing the best day trading broker.
Watch our video on Day Trading on YouTube
Find more educational content here: https://fxscouts.com/forex-education
This week we are kicking off a three week series that will cover some common Forex topics that beginner traders may struggle with. First out is Scalping. What it is, how it works and why it requires a clear trading strategy regardless of your trading experience.
Find more information on Scalping here.
Skilling is a relatively new broker and one we expect to make some noise in the next few years. We recently tested and reviewed skilling, and in this episode, we share our insights on where they break new ground and offer traders an improved experience, as well as where they fall short and will need to improve as they grow.
You will find our full review of Skilling (ZA) here and Skilling (UK) here.
The GBP crashes as the new UK government scares investors, is this just another example of the USD’s strength causing chaos in currency markets? How long can the Dollar keep on rising and what does the market volatility mean for Forex traders?
Check out our YouTube video on this topic and follow our live currency update here.
This weekend, Apple pulled MT4 and MT5 from the App Store. Find out what we know about the resons behind this decision, what it means for iOS users, and what alternatives are available.
Useful links:
Top cTrader brokers in the UK
Top cTrader brokers in South Africa
Forbes article discussed in this episode
To get in touch with us, send us an email: podcast@fxscouts.com
Many traders don’t realise or appreciate the importance of correctly sizing their trade, but it can greatly affect performance. In this episode we explain how you can determine your trade size using lots, and setting your stop-losses to reduce your risk.
Click here for a chart comparing lot sizes
For more advice on how to place your first trade, including detail on how to calculate pip value when your account currency and quote currency are different, click here.
Forex trading is a high-risk business, and while trades are often profitable, the majority of traders end up losing money because they do not manage their risk properly. There are several tools to help you manage and minimize risk in Forex trading. Using a stop loss order is one of them. Tune in and find out how it’s done.
For more information, head over to FxScouts.com
If you don’t know how much the spread effects your trading, then you don’t know how much the market needs to move in order for you to cover you trading fees. Tune in and start understanding the Spread to trade Forex successfully.
Example of GBP/JPY as mentioned in this episode.
Get in touch!
In this week’s episode we cover currency pairs and how to choose which ones you should trade. We delve into what drives the price movement of these instruments and provide 5 steps for choosing the right currency pair.
Major currency pairs:
EUR/USD (Euro/United States dollar) - the most liquid pair
USD/JPY (United States dollar/Japanese yen)
GBP/USD (Great British Pound/United States dollar)
AUD/USD (Australian dollar/United States dollar)
USD/CAD (United States dollar/Canadian dollar)
USD/CHF (United States dollar/Swiss franc)
EUR/GBP (Euro/Great British Pound)
NDD, ECN, STP or Hybrid brokers.... don't worry, we know it can be confusing. In this episode we sort out what it all means and how these Forex brokers differ.
For a list of our top-rated ECN brokers, click here.
Don't forget to like, share and subscribe.
Market Maker brokers, also known as Dealing Desk Forex brokers, get a lot of bad press, but don’t believe everything you read and hear. Find out what their purpose is, how they work, and why they are so important to the functioning of financial markets.
Find a top rated Market Maker Forex broker here.
We continue our dive into the top 10 beginner mistakes to avoid if you want to become a successful Forex trader, and cover the importance of setting a strategy, keeping your emotions in check, and why you shouldn’t apply Warren Buffett’s strategy to Forex trading.
Check out our previous episode for Part 1, and click here to find a great broker for beginner Forex traders.
Forex trading is risky, and while the majority of trades are profitable, the majority of beginner traders make massive mistakes and end up losing money. So, what are these mistakes? How do you avoid them? And what do you need to know to get your trading career off the ground safely? We have gathered the top 10 mistakes in a two-part series on the topic, and here are the first 5 things not to do if you want to succeed at Forex trading.
More Information for beginner Forex traders is available in our Forex education section.
Why are some brokers better than others? We analyze HFM (formerly known as Hotforex) and Tickmill, two of our top brokers, to see what makes a good broker.
Our reviews of HFM (top 3 broker in South Africa) and Tickmill (Top 3 broker in the UK).
We share real life stories of people who have been scammed, how it happened, how to avoid it, and what you can do about it.
Have you been scammed? Please fill out our scam report HERE.
Watch our analysis of a scam broker site HERE.
Over 50% of scammers find their victims on social media. Most victims are educated and financially well off. Scammers are extremely skilled and convincing; in this episode we examine how they do it and what you can do to avoid falling victim to scammers.
Additional information on Forex scams:
- South Africa - Forex scams report 2020
- Financial scams double in 2021 - ASIC
- FCA 2021 Forex scams report
We get into the meat of it and compare Exness and XM. Which is the better broker, who has the most favorable trading conditions, best educational material, and customer service? We have chosen to compare these brokers because they are among some of the most popular brokers in the world and their reviews are two of the most read on fxscouts.com. Enjoy!
Read our full reviews below:
Exness
XM
Non-trading fees such as deposit and withdrawal fees, inactivity fees, and currency conversion fees are easily overlooked and can significantly affect the profitability of trading.
Transparency around fees is a main component when we test and rank brokers. You can read more about our review process here.
One of the most important factors to consider when signing up with a broker is the cost of trading. There are three different types of costs associated with Forex trading. These include the minimum deposit, trading costs and any non-trading fees charged by your broker. In this episode we cover the minimum deposits and trading costs.
For more info on trading costs, check out our section on understanding your trading costs.
If you want to get in touch with us and have suggested topics for future episodes, reach out via DM on Instagram or send us an email at podcast@fxscouts.com.
Beginner traders are faced with the daunting decision of choosing a platform when they first sign up with a broker. Knowledge about the various platforms on offer at brokers is often very limited. What is a trading platform? What does it do? Which one should I choose? and how do I use it?
Forex trading is risky. Around 60-90% of traders will lose money, depending on their Forex broker. Most traders lose money because they haven’t created a good risk-management strategy that keeps losses to a minimum. In this episode Alison and Chris talk about how to develop a risk management strategy.
Best Forex trading demo accounts in the UK: https://fxscouts.com/forex-brokers/demo-accounts
Best Forex trading demo accounts in Sweden: https://fxscouts.com/sv/bast-valutamaklare-sverige/demo-konto
Best Forex trading demo accounts in LATAM: https://fxscouts.com/es/los-mejores-brokers-de-forex/las-mejores-cuentas-demo-de-forex-trading
Best Forex trading demo accounts in Indonesia: https://fxscouts.com/id/daftar-broker-forex-indonesia/akun-demo-trading-forex-terbaik
Best Forex trading demo accounts in South Africa: https://tradeforexsa.co.za/forex-brokers-south-africa/demo-accounts
Best Forex trading demo accounts in Australia: https://fx-australia.com/forex-demo-accounts
When choosing a forex broker, first and foremost, it is important that the broker is well-regulated. Forex regulation is a system of checks that have been put in place to ensure that the forex market is a safe place to trade. What does it mean for a Forex broker to be well-regulated? How can you avoid Forex scams? Which are the best Forex regulators? and why are regulated brokers safe brokers to trade with?
Link to overview of regulators by tier and jurisdiction as mentioned in this episode: https://fxscouts.com/our-review-process/#bookmark3
Top FCA regulated brokers: https://fxscouts.com/forex-brokers/fca
Top ASIC regulated brokers: https://fxscouts.com/forex-brokers/asic-regulated-brokers
Top CYSEC regulated brokers: https://fxscouts.com/forex-brokers/cysec-regulated-brokers
Top DFSA regulated brokers: https://fxscouts.com/dfsa
In recent years, online Forex trading has become very popular. This is because it doesn’t often require huge starting capital, it is available 24 hours a day, and if you have access to the internet and a mobile device or computer, you can trade. In this episode, we cover the fundamentals of trading, including what a broker is and what happens to your money when you trade.
For a complete beginners guide: https://fxscouts.com/forex-education/what-is-forex-trading