Let’s Talk Forex with Alison and Chris

172. Why Your Forex Trading Strategy Fails Over Time (And How to Fix It)

Sun, 12 Apr 2026 12:00:00 +0200

Most Forex traders start with one strategy, but no single Forex trading strategy works in every market condition. In episode 172 of Let’s Talk Forex, we break down why trading strategies fail over time and how changing market conditions can impact your results. We explain how to adapt your Forex trading strategy to improve risk management and use multiple strategies to stay consistent in trending and ranging markets. If you want to stop losing money with the same setup and start trading smarter across different market environments, this episode will help you level up your trading!

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.

171. Why Most Forex Traders Lose Money – It’s NOT Your Entry… It’s Your Exit

Sun, 05 Apr 2026 10:00:00 +0200

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:

170. Why Everyone Is Switching To CTrader

Tue, 31 Mar 2026 12:00:00 +0200

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:

169. Stop Searching for the Perfect Forex Strategy: Do This Instead!

Tue, 24 Mar 2026 12:00:00 +0100

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:

168. How to NOT Blow Up Your Account When Trading The News

Tue, 17 Mar 2026 12:00:00 +0100

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:

167. VWAP Explained: Why Most Traders Use It Wrong

Tue, 10 Mar 2026 14:00:00 +0100

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:

166. Your Strategy Means Nothing Without Risk Control

Tue, 03 Mar 2026 14:00:00 +0100

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:

165. Why Most Traders Quit a Good Strategy Too Early

Tue, 24 Feb 2026 14:00:00 +0100

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:

164. She Trades US30 On The 1 Minute Chart But Starts With the Daily — Here’s Why It Works

Tue, 17 Feb 2026 14:00:00 +0100

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:

163. Set and Forget Trading in Forex: Does It Really Work or Is It a Myth?

Tue, 10 Feb 2026 14:00:00 +0100

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:

162. Backtesting Explained: The One Skill Most Forex Traders Skip

Tue, 03 Feb 2026 14:00:00 +0100

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:

161. Why Most YouTube Forex Strategies Fail in Real Trading

Tue, 27 Jan 2026 14:00:00 +0100

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:

160. Forex Trading for Beginners: Where to Start (Real Beginner Explains)

Tue, 20 Jan 2026 14:00:00 +0100

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:

159. How Banks and Institutions Move Price in Forex (No Myths, Just Charts)

Tue, 13 Jan 2026 14:00:00 +0100

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:

Bonus Episode: How Forex Brokers Really Work (Regulation, Liquidity & Risk Explained) | HFM Broker Interview

Sat, 27 Dec 2025 08:00:00 +0100

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:

158. Insider Trading - The Market Moves of 2025 That Were Too Convenient to Ignore

Tue, 16 Dec 2025 14:00:00 +0100

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:

157. Why December FX Moves Are So Strange: The Christmas Effect Explained

Tue, 09 Dec 2025 14:51:58 +0100

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:

156. The Right Way to Use the RSI - Stop Misreading Overbought & Oversold

Tue, 02 Dec 2025 16:00:00 +0100

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:

155. Finfluencer Crackdown 2025: What Traders Must Know About Fake Gurus & Clone Brokers

Tue, 25 Nov 2025 16:24:56 +0100

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:

154. Stop Misusing Bollinger Bands! Here’s How Pros Actually Trade Them

Tue, 18 Nov 2025 16:00:00 +0100

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:

153. 3 Simple Forex Strategies Every Beginner Should Know (Explained Clearly)

Tue, 11 Nov 2025 16:00:00 +0100

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:

152. How AI Can Help You Master Market Analysis (ChatGPT for Traders)

Tue, 04 Nov 2025 18:00:00 +0100

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.

151. The Easiest Forex Trading Strategy for Beginners (20 SMA Pullback Explained)

Tue, 28 Oct 2025 18:00:00 +0100

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!

150. Forex Trading 2025: Real strategies & market insights revealed - with Sam Morton (Actual Forex Trading)

Tue, 21 Oct 2025 18:00:00 +0200

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
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/

149. Beginner Learns Forex: Why Every Trade Starts in the Red

Tue, 14 Oct 2025 18:00:00 +0200

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.

148. Has Bitcoin Peaked at $124K? Crypto 2025 Outlook & Fed Impact

Tue, 07 Oct 2025 18:00:00 +0200

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

147. Why Traders Break Their Rules (And How To Stop It)

Tue, 30 Sep 2025 18:00:00 +0200

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

146. Gold Price Hits Record Highs: What’s Really Driving XAU/USD?

Tue, 23 Sep 2025 18:00:00 +0200

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)

145. Prop Firms 2025: How To Pass The Challenge & Actually Get Paid

Tue, 16 Sep 2025 18:00:00 +0200

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

144. Why Most Forex Traders Lose (It’s Psychology, Not Strategy)

Tue, 09 Sep 2025 16:00:00 +0200

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.

143. Forex Trading Myths EXPOSED: The Truth Every Trader Must Know

Tue, 02 Sep 2025 16:00:00 +0200

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.

142. Essential Tools For a Forex Trader

Tue, 26 Aug 2025 16:00:00 +0200

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

141. Is AI the Future of Forex Trading? How Traders Can Use AI Right Now

Tue, 19 Aug 2025 16:00:00 +0200

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.

Bonus: We’re Going Live on YouTube This Friday (Don't Miss It!)

Wed, 30 Jul 2025 17:16:40 +0200

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!

140. Learn From the Greats: Timeless Strategies from History’s Top Traders

Tue, 24 Jun 2025 16:00:00 +0200

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

139. Minor & Exotic Forex Pairs: Worth It or Too Risky?

Tue, 17 Jun 2025 16:00:00 +0200

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.

138. Forex Beginners: 7 Things To Know First

Tue, 10 Jun 2025 16:00:00 +0200

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

137. Mastering Moving Averages For Forex: 3 Simple Strategies That Actually Work

Tue, 03 Jun 2025 16:00:00 +0200

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.

136. Why Traders Prefer Indices Over Forex, Stocks & Crypto

Tue, 27 May 2025 16:00:00 +0200

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.

135. Forex Trading Strategies for Turbulent Times

Tue, 20 May 2025 16:00:00 +0200

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

134. Pro Trader Insights with Pepperstone’s Michael Brown

Tue, 13 May 2025 16:00:00 +0200

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

133. Staying in the Game: The Mindset Every Trader Needs to Last

Tue, 06 May 2025 14:00:00 +0200

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.

132. Stop Overtrading: Master Impulse Control and Save Your Trades

Tue, 29 Apr 2025 14:00:00 +0200

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!

131. How to Trade Forex Part-Time With a Full-Time Job: Smart Strategies for Busy Traders

Tue, 22 Apr 2025 14:00:00 +0200

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.

130. Mastering the Opening Range Breakout (ORB Strategy)

Tue, 15 Apr 2025 14:00:00 +0200

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/

129. Crypto Market Outlook 2025: What Traders Need to Know

Tue, 08 Apr 2025 16:00:00 +0200

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.

128. Why Your Trading Plan is Failing – 5 Brutally Honest Reasons (And How to Fix Them)

Tue, 01 Apr 2025 12:00:00 +0200

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:

127. How to Trade Market Volatility Like a Pro: Risk Management, Strategies & Trader Pitfalls

Tue, 25 Mar 2025 12:00:00 +0100

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:

126. FOMO in Trading: How to Control It and Stop Losing Money

Tue, 18 Mar 2025 12:00:00 +0100

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:

125. Trump's Return: Market Chaos or Opportunity?

Tue, 11 Mar 2025 12:00:00 +0100

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:

124. How to Trade News Like a Pro – Master NFP, CPI & FOMC

Tue, 04 Mar 2025 12:00:00 +0100

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:

123. The Safest Way to Start Live Trading: Avoid Blowing Your Forex Account!

Tue, 25 Feb 2025 12:00:00 +0100

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:

122. Mastering Trade Psychology: How to Hold Winning Trades Like a Pro

Tue, 18 Feb 2025 12:16:48 +0100

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:

121. Building a Strong Trading Foundation

Tue, 11 Feb 2025 12:00:00 +0100

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:

120. Trader Interview: XM’s senior market analyst, Achilleas Georgolopoulos

Tue, 04 Feb 2025 12:34:20 +0100

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:

119. Why choosing the right broker matters

Tue, 28 Jan 2025 12:00:00 +0100

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:

118. Win Rates & Risk-Reward: Your Guide to Smarter Forex Trading

Tue, 21 Jan 2025 12:00:00 +0100

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:

117. CFDs Explained: What They Are, How They Work, and Key Trading Tips

Tue, 14 Jan 2025 12:00:00 +0100

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:

116. Scandal: The Biggest Trading Frauds in 2024

Tue, 17 Dec 2024 12:00:00 +0100

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:

115. Trader Interview: FP Markets' expert analyst, Aaron Hill provides top trading tips

Tue, 10 Dec 2024 12:00:00 +0100

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 Donnely Alpha Trader - Brett Donelly Trading in the Zone - Mark Douglas

FxScouts DISCLAIMER:

114. Journaling: The Game-Changer Most Traders Overlook

Tue, 03 Dec 2024 12:00:00 +0100

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:

113. Mastering the Art of Risk Management: Protect Your Profits and Trade Smarter

Tue, 26 Nov 2024 12:00:00 +0100

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:

112. Mastering Market Snap-Backs: The Art of Mean Reversion Trading

Tue, 19 Nov 2024 13:39:06 +0100

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:

111. Building Confidence in Your Trading Strategy Through Backtesting

Tue, 12 Nov 2024 12:00:00 +0100

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:

110. Mastering Your Trades: How to Build a Trading System for Consistent Success

Tue, 05 Nov 2024 12:00:00 +0100

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:

109. Trader interview: Special Guest Patrick Reid - Institutional Trader

Tue, 29 Oct 2024 12:00:00 +0100

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:

108. Forex Trading: Dealing with Hidden Emotional Triggers

Tue, 22 Oct 2024 12:00:00 +0200

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:

107. Mastering Forex Fundamentals: Risk, Correlation & Strategy Insights

Tue, 15 Oct 2024 12:00:00 +0200

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:

106. Drawdown in Trading: What It Is and How to Control It

Wed, 09 Oct 2024 12:00:00 +0200

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:

105. Forex Success: Insights and Coaching Tips with Trading Angel

Wed, 02 Oct 2024 13:15:00 +0200

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:

104. Why Most Forex Traders Fail: The Secret to Setting Realistic Expectations

Wed, 25 Sep 2024 12:00:00 +0200

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:

103. What to expect from the September rate cut

Wed, 18 Sep 2024 12:00:00 +0200

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:

102. 7 Practical Hacks to Boost Your Trading Win Rate

Wed, 11 Sep 2024 12:00:00 +0200

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:

101. Minimising Losses in Forex Trading

Wed, 04 Sep 2024 12:00:00 +0200

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:

100. Mastering Currency Pairs: Everything You Need to Know for Successful Trading

Wed, 28 Aug 2024 12:00:00 +0200

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:

99. Season 5 starts now! Swing Trading vs Day Trading - which style suits you best?

Wed, 21 Aug 2024 12:00:00 +0200

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:

98. Season Finale: Market Pulse - 2024 Midyear Update

Wed, 26 Jun 2024 12:00:00 +0200

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:

97. Managing Risk: Essential Strategies for Traders

Wed, 19 Jun 2024 12:00:00 +0200

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:

96. Limit Orders: Maximise your profit potential

Wed, 12 Jun 2024 12:00:00 +0200

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:

95. Prop Trading: The future of trading or doomed to fail?

Wed, 05 Jun 2024 12:00:00 +0200

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:

94. Mastering Double Tops: Avoiding Costly Mistakes

Wed, 29 May 2024 12:00:00 +0200

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:

93. Forex.com or IG: Which broker is right for you?

Wed, 22 May 2024 12:00:00 +0200

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:

92. The Importance of Flexibility in Forex Trading

Wed, 15 May 2024 12:00:00 +0200

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:

91. A trader’s journey: Neal Bateman

Wed, 08 May 2024 12:00:00 +0200

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:

90. Gold’s meteoric rise and how you can profit as a Forex trader

Wed, 01 May 2024 12:00:00 +0200

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:

89. How to Take Advantage of the Breakout Trading Strategy

Wed, 24 Apr 2024 12:00:00 +0200

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:

88. A Breakdown of the Best Tools for Trading Analysis

Wed, 17 Apr 2024 12:00:00 +0200

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:

87. Trading with the experts: Spreadex

Wed, 10 Apr 2024 12:00:00 +0200

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:

86. Trend trading: The trend is your friend

Wed, 03 Apr 2024 12:00:00 +0200

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:

85. Forex Sessions: London, NY, Tokyo, Sydney - but which is best for your trading?

Wed, 27 Mar 2024 12:00:00 +0100

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:

84. Interest Rates and Forex Prices: Will the Fed’s Decision Boost the USD?

Wed, 20 Mar 2024 12:00:00 +0100

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=98e5b6cf893640b6

FxScouts DISCLAIMER:

83. A trader’s journey: Trading Angel

Wed, 13 Mar 2024 14:55:00 +0100

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:

82. Market Sentiment: When following the crowd can backfire

Wed, 06 Mar 2024 15:00:00 +0100

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:

81. XTB or Pepperstone: Which broker is right for you?

Wed, 28 Feb 2024 15:00:00 +0100

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:

80. Trading Forex on your phone? The dangers of mobile trading

Wed, 21 Feb 2024 15:00:00 +0100

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:

79. TradingView: The best trading platform around, but is it worth the cost?

Wed, 14 Feb 2024 15:00:00 +0100

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:

78. The best technical indicators for short term Forex trading

Wed, 07 Feb 2024 15:00:00 +0100

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:

77. Trading Forex or Stock CFDs - What's the difference?

Wed, 31 Jan 2024 15:00:00 +0100

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:

76. 5-3-1: A Trading Strategy for Beginners

Wed, 24 Jan 2024 15:00:00 +0100

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. Is it possible to trade too cautiously?

Wed, 17 Jan 2024 15:00:00 +0100

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:

74. Women in Forex: Exploring the gender gap in trading

Wed, 10 Jan 2024 15:00:00 +0100

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:

73. Scandal! 2023 in Forex Fraud - Season Finale

Wed, 20 Dec 2023 15:00:00 +0100

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:

72. Placing Smarter Stops

Wed, 13 Dec 2023 15:00:00 +0100

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:

71. Three Easy Ways to Improve Your Trading

Wed, 06 Dec 2023 15:44:01 +0100

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:

70. Israel, Hamas, and the Financial Markets

Wed, 29 Nov 2023 15:00:00 +0100

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:

69. Can you use ChatGPT to improve you trading?

Wed, 22 Nov 2023 15:00:00 +0100

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:

68. Greed, Fear, and...hope? Managing Negative Emotions in Trading

Wed, 15 Nov 2023 15:00:00 +0100

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:

67. Crypto Trading #2: Volatility, Legal Woes, and the Future of Crypto Trading

Wed, 08 Nov 2023 15:00:00 +0100

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/

66. Crypto Trading #1: Risks & Rewards

Wed, 01 Nov 2023 15:00:00 +0100

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/

65. All You Need to Know About No-Deposit Bonuses

Wed, 25 Oct 2023 15:00:00 +0200

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/

64. Mean Reversion: Turn patterns into profits

Wed, 18 Oct 2023 15:00:00 +0200

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/

63. How to Balance Trading With Full-Time Work

Wed, 11 Oct 2023 15:00:00 +0200

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

62. Predicting the future with Fibonacci retracements

Wed, 04 Oct 2023 15:00:00 +0200

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/

61. Sharpen Your Trading Strategy with the Power of Asset Correlation

Wed, 27 Sep 2023 15:00:00 +0200

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/

60. Channels: Never miss a trend with these powerful indicators

Wed, 20 Sep 2023 15:00:00 +0200

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.

59. Predict the Market: How do Inflation and Interest Rates Affect Forex prices?

Wed, 13 Sep 2023 15:00:00 +0200

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.

58. Beginner’s Guide to Choosing a Forex Broker

Wed, 06 Sep 2023 21:50:56 +0200

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 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.

57. From Broke to Brilliant - An inside look at FxScouts

Thu, 31 Aug 2023 00:01:00 +0200

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/

56. Back for Season 3: Summer Market Moves and Looking Ahead

Thu, 24 Aug 2023 00:01:00 +0200

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.

FxScouts DISCLAIMER:

55. Season Finale: How Much do Forex Traders Make?

Thu, 29 Jun 2023 00:01:00 +0200

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

FxScouts DISCLAIMER:

54. Why the MACD is a vital tool in your trading toolbox

Thu, 22 Jun 2023 00:01:00 +0200

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

FxScouts DISCLAIMER:

53. The Basics of Fundamental Analysis

Thu, 15 Jun 2023 00:01:00 +0200

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 changes in fundamentals can quickly transform the market.

Economic calendar: https://fxscouts.com/economic-calendar/

FxScouts DISCLAIMER:

52. Price Action Trading

Thu, 08 Jun 2023 00:01:00 +0200

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 use it.

Read more about Price action trading here: https://fxscouts.co.za/forex-education/what-is-price-action-trading/

FxScouts DISCLAIMER:

51. Top 10 Risk Management Tips

Thu, 01 Jun 2023 00:01:00 +0200

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.

FxScouts DISCLAIMER:

50. Timing is Everything: The best times to (and not to) trade Forex

Thu, 25 May 2023 00:01:00 +0200

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.

FxScouts DISCLAIMER:

49. The Fundamentals of Trading - Revisited

Thu, 18 May 2023 00:02:00 +0200

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/

FxScouts DISCLAIMER:

48. Average True Range: Measure volatility and minimise risk

Thu, 11 May 2023 00:01:00 +0200

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.

FxScouts DISCLAIMER:

47. The Relative Strength Index

Thu, 04 May 2023 00:05:00 +0200

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

FxScouts DISCLAIMER:

46. Bollinger Bands: Precision engineer your Forex trading with these powerful indicators

Thu, 27 Apr 2023 00:01:00 +0200

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.

FxScouts DISCLAIMER:

45. Moving Averages: Read the market like a pro with these simple but powerful indicators

Thu, 20 Apr 2023 00:05:00 +0200

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.

FxScouts DISCLAIMER:

44. Gold as a Safe Haven

Thu, 13 Apr 2023 00:15:00 +0200

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

FxScouts DISCLAIMER:

43. EUR/USD: Why is it a good Forex pair for Beginners?

Wed, 05 Apr 2023 22:50:00 +0200

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

FxScouts DISCLAIMER:

42. Why the NFP is so important and how it can be traded

Thu, 30 Mar 2023 00:05:00 +0200

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/

FxScouts DISCLAIMER:

41. Understanding Timeframes: A Crucial Skill

Thu, 23 Mar 2023 00:05:00 +0100

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.

FxScouts DISCLAIMER:

40. Expert Advisors - What they are and how to use them

Wed, 15 Mar 2023 23:01:00 +0100

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!

FxScouts DISCLAIMER:

39. Trading with the experts: Pepperstone

Thu, 09 Mar 2023 00:05:00 +0100

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-fix
Follow Chris Weston on Twitter: https://twitter.com/ChrisWeston_PS

FxScouts DISCLAIMER:

38. Trading the VIX

Thu, 02 Mar 2023 00:05:00 +0100

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/

FxScouts DISCLAIMER:

37. Trading Platforms: Which One is Right for You?

Thu, 23 Feb 2023 00:01:00 +0100

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/

Watch our MT4 tutorial here: https://youtu.be/zzs3MJZgjPU

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.

FxScouts DISCLAIMER:

36. Market Psychology - Trading Psychology Part 2

Thu, 16 Feb 2023 02:03:00 +0100

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/

FxScouts DISCLAIMER:

35. Trading with the Experts: Interview with HFM’s Top Market Analysts

Thu, 09 Feb 2023 03:15:00 +0100

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/

FxScouts DISCLAIMER:

34. Master your emotions and improve your trading - Trading Psychology Part 1

Thu, 02 Feb 2023 03:00:00 +0100

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.

FxScouts DISCLAIMER:

33. Momentum Trading - Buying high and selling higher

Thu, 26 Jan 2023 04:05:00 +0100

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.

FxScouts DISCLAIMER:

32. Understanding Support and Resistance Levels

Thu, 19 Jan 2023 04:00:00 +0100

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.

FxScouts DISCLAIMER:

31. Copy Trading - Learning Forex Trading by Copying Others

Tue, 17 Jan 2023 11:15:36 +0100

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.

FxScouts DISCLAIMER:

30. Season Finale: The Most Spectacular Wins and Losses of Forex Trading

Thu, 15 Dec 2022 06:01:00 +0100

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.

FxScouts DISCLAIMER:

29. Order Types and Risk Management

Wed, 07 Dec 2022 23:59:00 +0100

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

FxScouts DISCLAIMER:

28. Demo Accounts: Your Key to Success

Thu, 01 Dec 2022 06:00:00 +0100

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

FxScouts DISCLAIMER:

27. A Broker’s Perspective - Interview with Monty Barnard

Thu, 24 Nov 2022 01:00:00 +0100

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.

FxScouts DISCLAIMER:

26. Leverage: Success or Disaster

Thu, 17 Nov 2022 04:55:00 +0100

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

FxScouts DISCLAIMER:

25. Crypto Trading: The Must Know Basics and Recent Regulatory Changes

Thu, 10 Nov 2022 00:15:00 +0100

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.

This episode is also available on YouTube: https://youtu.be/dFwPLvaBo_U

FxScouts DISCLAIMER:

24. Positional Trading: Time, Strategy and a Lot of Patience

Thu, 03 Nov 2022 05:15:00 +0100

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.

FxScouts DISCLAIMER:

23. Day Trading: What You Need to Know to Seize The Day

Thu, 27 Oct 2022 03:55:00 +0200

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

FxScouts DISCLAIMER:

22. Scalping: How it works and why it is not a ”get rich quick” form of trading

Thu, 20 Oct 2022 04:45:00 +0200

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.

FxScouts DISCLAIMER:

21. Forex Broker Review: Skilling

Thu, 13 Oct 2022 00:15:00 +0200

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.

FxScouts DISCLAIMER:

20. The Sterling Crash and the Dollar Dilemma

Wed, 05 Oct 2022 00:00:00 +0200

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.

FxScouts DISCLAIMER:

19. News Alert: Apple pulls MT4 and MT5 from the App Store

Wed, 28 Sep 2022 10:24:12 +0200

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

FxScouts DISCLAIMER:

18. Lots, pips and risk management: The importance of choosing the right trade size

Thu, 22 Sep 2022 07:00:00 +0200

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.

FxScouts DISCLAIMER:

17. How to minimize risk using a stop loss

Thu, 15 Sep 2022 07:30:00 +0200

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

FxScouts DISCLAIMER:

16. Understanding the Spread

Thu, 08 Sep 2022 07:45:00 +0200

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!

FxScouts DISCLAIMER:

15. Currency Pair Trading for Beginners

Thu, 01 Sep 2022 08:01:00 +0200

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)

FxScouts DISCLAIMER:

14. Execution - Non Dealing Desk Brokers

Thu, 25 Aug 2022 08:00:00 +0200

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.

FxScouts DISCLAIMER:

13. Execution – Market Makers

Thu, 18 Aug 2022 07:30:00 +0200

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.

FxScouts DISCLAIMER:

12. Avoiding Beginner Mistakes - Part 2

Thu, 11 Aug 2022 08:00:00 +0200

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.

FxScouts DISCLAIMER:

11. Avoiding Beginner Mistakes - Part 1

Thu, 04 Aug 2022 08:00:00 +0200

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.

FxScouts DISCLAIMER:

10. Why are some brokers better than others?

Thu, 28 Jul 2022 07:30:00 +0200

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).

FxScouts DISCLAIMER:

9. How to tell a scam from a serious Forex broker - Part 2

Thu, 21 Jul 2022 08:57:36 +0200

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.

FxScouts DISCLAIMER:

8. How to tell a scam from a serious Forex broker – Part 1

Thu, 14 Jul 2022 05:00:00 +0200

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:

FxScouts DISCLAIMER:

7. Head to head: Exness vs XM

Thu, 07 Jul 2022 05:00:00 +0200

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

FxScouts DISCLAIMER:

6. Read the fine print - Non-trading fees

Thu, 30 Jun 2022 08:56:37 +0200

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.

FxScouts DISCLAIMER:

5. The cost of trading

Thu, 23 Jun 2022 13:15:43 +0200

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.

FxScouts DISCLAIMER:

4. How to pick your trading platform

Thu, 16 Jun 2022 15:52:50 +0200

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?

FxScouts DISCLAIMER:

3. How to minimize risk when trading forex

Wed, 08 Jun 2022 09:45:20 +0200

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://fxscouts.co.za/forex-brokers-south-africa/demo-accounts/

Best Forex trading demo accounts in Australia: https://fxscouts.com.au/forex-demo-accounts/

FxScouts DISCLAIMER:

2. Why should you trade with a regulated broker?

Thu, 02 Jun 2022 15:44:43 +0200

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

FxScouts DISCLAIMER:

1. The fundamentals of trading

Thu, 02 Jun 2022 15:35:38 +0200

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

FxScouts DISCLAIMER: