Episoder
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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