Let’s Talk Forex with Alison and Chris

This week Alison and Chris take a closer look at TradingView. What started out as a charting application with social elements has evolved into a fully-fledged trading platform. It’s modern, easy to use and packed full of useful features - but the free version is very limited, so we also discuss whether the premium versions are worth the cost. The best brokers with TradingView integration: https://fxscouts.com/forex-brokers/tradingview/ DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Technical indicators can seem a bit overwhelming at first, so this week Alison and Chris take a closer look at the most popular technical indicators used in short-term Forex trading and discuss how to use them effectively. Also discussed are how to know when to use the right indicator, and how to avoid the common mistakes traders make when using them. Links: How to use the 200 day Moving Average: https://youtu.be/r-zo-3sRr64 What are Moving Averages: https://youtu.be/DOtRb7CQ8ms What is the Relative Strength Index (RSI): https://youtu.be/6f2nkM_s2i4 Average True Range: Measure volatility and minimise risk: https://open.spotify.com/episode/76ojbdBS96CmjC3AvV9TpB DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

This week Alison and Chris discuss the difference between trading Forex and trading stock CFDs. While there are some superficial similarities, if you dig a little deeper you find differences in trading hours, leverage, analysis, costs and the risks involved. All this and more is discussed with recommendations for which form of trading might suit you best. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The Forex market is the most active financial market, trading over 7.5 trillion USD per day. Given the level of activity and volatility in this market, a well-planned trading strategy is required to make the most of these opportunities. However, building such a strategy can be challenging for beginners. The 5-3-1 forex trading technique simplifies that. It helps traders develop a clear trading plan for the forex market. Unlike other techniques that focus on trading mechanisms, chart patterns, and indicators, the 5-3-1 technique allows traders to narrow down the Forex pairs they would like to trade, the trading strategies they want to use, and choose a time of the day to trade. In this episode, Alison and Chris outline how to define which currency pairs you should choose, how to choose trading strategies that suit your risk appetite and trading style, and how to figure out which time of the day will create the best trading opportunities. Links as promised in this episode: https://youtu.be/ZLWvIA-4-O4 https://youtu.be/040sujxN7IE https://open.spotify.com/episode/4T895k6O7bV3cNVFRjTSDV?si=245bbcab0f774f1f DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Forex trading is a high-risk venture and good risk management is the key to success, but could an over-cautious approach lead to larger losses or prevent you from progressing in your trading? In this episode, Alison and Chris discuss scenarios where traders hold back, only to realise larger losses in the long run, causing untold frustration and damaging their trading psyche. They also discuss ways to manage your trades effectively while risking enough to make them worthwhile. Links to educational YouTube videos as promised in this episode :-) https://youtu.be/ZLWvIA-4-O4 https://youtu.be/qH5HAUlqSwI DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In most other areas, the gender gap between men and women is closing, but in the finance sector, the disparity is the largest. Recent data shows that only 16% of new Forex trading clients are women. In this episode, Chris and Alison delve into the reasons behind these surprising statistics and provide some tips for how women can successfully enter the Forex trading space. Women in Trading: Caroline Rundell: Trading Angel - on Tik Tok Emily: Mindfully Trading - https://www.youtube.com/@MindfullyTrading Annika Masrani: Finpact https://www.youtube.com/c/Finpact And check out our YouTube channel: youtube.com/@fxscouts and our education pages: https://fxscouts.com/forex-education/ DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In the final episode of 2023, Alison and Chris look back at some of the year's biggest Forex trading scandals. From hedge fund bosses trying to manipulate the South African Rand, to prop trading firms fleecing their own traders - there's always someone willing to cheat in order to make more money. We'll be back in the second week of January, so wishing you call a wonderful festive period. To avoid being scammed or to learn what to do if you think you have been scammed, please read mroe here: https://fxscouts.com/report-a-scam-broker/ DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The primary goal of any trader is to risk as little as possible to make as much as possible. And one of the most effective tools to achieve that is proper stop-loss positioning. So, how do you set a stop-loss that aligns with this objective? In this episode, Alison and Chris provide practical advice for setting stops that are neither too tight or too wide and those that avoid the typical crowded levels. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 80/20 rule says that 80% of your results come from 20% of your actions – this is a widely accepted principle in many areas of our daily lives and business. The same applies in trading, 80% of your profits will come from 20% of your trades. Most traders think that to improve their trading performance, they will have to spend months refining and testing out new strategies. However, often small tweaks and changes to their current strategy can make a huge difference to their bottom line. In this episode, Alison and Chris provide three easy ways to drastically improve your trading strategy. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

On Saturday, 7th October, Hamas launched a massive attack into southern Israel from its stronghold in the Gaza strip. Because Israel was caught by surprise, so was the world – and consequentially the global financial markets. The market reaction so far has been almost exactly as any fundamental analyst would expect, though with some interesting variations. In this episode, Alison and Chris launch into an in-depth analysis of how the Middle East conflict is affecting various currencies and commodities, and how it differes from other conflicts' effect on global financial markets. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

This week, Alison and Chris take a closer look at the global AI phenomenon that is ChatGPT and how it can be used to improve your trading. Spoiler: It's not going to make you a millionaire overnight, but there are a few ways you can harness it to make trading more efficient. ChatGPT predicting stock prices: https://www.cnbc.com/2023/04/12/chatgpt-may-be-able-to-predict-stock-movements-finance-professor-says.html DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

This week, Alison and Chris discuss how negative emotions can impact your trading, and what you can do to overcome them to trade smarter and more profitably. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The cryptocurrency market has been on a rollercoaster recently, much of it driven by fundamental factors such as the effect of the Terra-Luna crash, the FTX collapse and the threat of tighter SEC regulation. In this episode, Alison and Chris discuss crypto's performance over the last year and where the market may be headed. Read more about cryto trading and crypto brokers here: https://fxscouts.com/cryptocurrency-trading/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Ever since its inception, Bitcoin has skyrocketed in popularity, but has taken investors and traders on a wild ride. Its success paved the way for the emergence of numerous other crypto coins. However, due to the decentralised nature of cryptocurrencies, they are highly susceptible to sudden price fluctuations. While this volatility may provide opportunities for high returns, it also carries a higher risk of losing money. In this episode, Alison and Chris delve into the history of cryptocurrency and explain both the pros and cons of trading cryptos. For more info on crypto, please visit: https://fxscouts.com/cryptocurrency-trading/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

No deposit bonuses are popular promotions offered by brokers to entice new customers. They are designed to allow new clients to experience the platform and start trading without risking any of their own funds. In this episode, Alison and Chris talk about the advantages of using no-deposit bonuses, tips for trading with a no-deposit bonus, and what you need to know before you use them. Link to the list of top ranked Forex brokers with a no-deposit bonus as discussed in this episode: https://fxscouts.co.za/forex-brokers-south-africa/no-deposit-bonuses/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In this episode, Chris and Alison cover how traders use mean reversions, mean reversion technical analysis tools, and how day traders and swing traders use these patterns to icrease profits. What is mean reversion? Mean reversion is the concept that asset prices and volatility eventually return to their long-term average levels. As a result, traders use mean reversions to time their entries and exits. Links as promised in the episode: Sharpen Your Trading Strategy with the Power of Asset Correlation: https://open.spotify.com/episode/0SvPkIcSEwdTgl4PRJ1hzA Predicting the Future with Fibonacci Retracements: https://open.spotify.com/episode/2sAegMwRuLhZV6ujw04NYt Why the MACD is a vital tool in your trading toolbox: https://open.spotify.com/episode/0nb88rCsloH5dSO4i9OzEE The Relative Strength Index: https://open.spotify.com/episode/0ATRJtLIQ0sfRXabXCODAT Bollinger Bands: https://open.spotify.com/episode/3JXk4IIaLLc2sETGkv7ssJ Moving Averages: https://open.spotify.com/episode/6Rhi6ZWS0XQkRbrO1zWyaM - The MACD Explained: https://fxscouts.com/news/macd-explained/ Candlestick Patterns Explained: https://fxscouts.com/news/candlestick-patterns-explained/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Balancing full-time work and trading requires discipline, dedication, and a solid trading plan. In this episode, Alison and Chris provide tips and techniques to help traders achieve success in their trading activities while balancing their full-time work. Links as promised in the episode :-) https://fxscouts.com/economic-calendar/ https://fxscouts.com/forex-education/developing-a-trading-plan/ https://open.spotify.com/episode/4sJ7Gfd47PoG7uCJhxjrlh DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Fibonacci retracements are a popular form of technical analysis used by traders to predict future potential prices in the financial markets. Fibonacci retracements and ratios can help traders identify upcoming support and resistance​ levels based on past price action. In this podcast, Alison and Chris talk about what retracements are, the benefits of trading retracements, and how to use the Fibonacci Retracement tool. Fibonacci Retracement video - https://fxscouts.com/latest-forex-news-and-analysis/what-are-fibonacci-retracements/ The Best Times to Trade Forex - https://fxscouts.com/forex-trading-hours/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Asset correlation is the degree that financial assets, such as Forex pairs or commodities move in relation to one another. Two assets that move in the same direction are positively correlated, while those that move in opposite directions are negatively correlated. Understanding how asset correlation works is a very important step in building a trading portfolio. Links mentioned in this episode: Pepperstone: Smart Trader Tools https://fxscouts.com/broker/pepperstone/ Vantage: Smart Trader Tools https://fxscouts.com/broker/vantagefx/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice. Axi: MT4 NexGen https://fxscouts.com/broker/axitrader/ FP Markets: MT4 Trader Toolbox https://fxscouts.com/broker/fpmarkets/ Admirals: MT4 Supreme Edition https://fxscouts.com/broker/admiral/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

One of the easiest technical analysis tools to learn and use, channels are simple but powerful trend indicators. This week, Chris and Alison discuss how to use channels correctly to find the best trade entries and exits, how to increase their accuracy with other technical analysis tools, and the common pitfalls to avoid. Link to the page discussed at the end of this episode: https://fxscouts.co.za/news/outlook-grim-for-the-rand-as-fundamentals-converge/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

They've been driving the Forex market all year, but how exactly do inflation and interest rates impact Forex prices? In this episode Alison and Chris take a close look at the relationship between higher prices in the shops, central banks, and the Forex market volatility we have seen in 2023. 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.

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.

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/ DISCLAIMER 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In this 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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 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: 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.

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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Most 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: 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.

Timing the Forex market is the key to success as a Forex trader because it impacts potential profits and risk exposure. By understanding and capitalising on the market's volatility, traders can aim to enter and exit positions at optimal price levels. In this podcast, we talk about the best times to trade on the Forex market. Read more here: https://fxscouts.com/forex-trading-hours FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

This week, 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 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: 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.

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: 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.

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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

With 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 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: 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.

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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

This week Alison and Chris 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

The 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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In the 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In this 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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

Join Alison and Chris 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: 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.

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: 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.

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: 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.

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: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

In 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: 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.