Episoder
-
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 DayUse Limit Orders Over Market OrdersKeep a Trading JournalTake Breaks After Big Wins or LossesTrade Less, But SmarterSpend More Time Reviewing Yourself, Not Just the MarketHelp Other TradersListener Questions:Have questions or feedback? Reach out to us at [email protected] 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.
-
Manglende episoder?
-
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.
Watch the video version of this podcast here: https://bit.ly/3BcdW59
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: https://bit.ly/4d5z8au
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.
-
Watch the video version of this episode here: https://bit.ly/3ZpGDWr
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: [email protected]
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_AngelFX 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 opportunitiesTools for taking the market's pulse, or for keeping track of market sentimentTools to calculate your profit and lossTrading strategy toolsFor 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=792c9717f24f4b48Alison'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.
- Vis mere
