Let’s Talk Forex with Alison and Chris

By FxScoutsBusiness Entrepreneurship Investing

Let’s Talk Forex with Alison and Chris episodes

October 09, 2024 106. Drawdown in Trading: What It Is and How to Control It
In this episode of Let’s Talk Forex, Alison and Chris delve into a critical yet often misunderstood aspect of trading—drawdowns. They define what drawdowns are, why they happen, and the psychological impact they can have on traders. Listeners will learn how to gauge the risk level of their trading strategies through the concept of Maximum Drawdown (MDD) and gain insights into managing these inevitable dips without losing confidence. Whether you’re a seasoned trader or just starting, this episode provides essential strategies for navigating challenging periods and emerging stronger.
Watch the full video here: https://youtu.be/iWKQCyvrMGg
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
15 min
October 02, 2024 105. Forex Success: Insights and Coaching Tips with Trading Angel
In this episode of “Let’s Talk Forex,” we are thrilled to welcome back Caroline Rundell, also known as Trading Angel. Since her last appearance in March, Caroline has been busy completing her DipFA qualification, and we’re excited to hear how her journey as a successful Forex trader and coach has evolved.
In this insightful conversation, Caroline dives into her transition into coaching, sharing how her strategies and approach have grown over time. We explore crucial topics such as building effective trading strategies, mastering risk management, and maintaining emotional discipline. Caroline also offers valuable advice on guiding traders at different stages, avoiding common pitfalls, and the delicate balance of strategy testing.
Whether you’re a beginner or an experienced trader looking to sharpen your skills, this episode is packed with practical tips and wisdom to help you succeed in the Forex market. Don’t miss this engaging discussion!
Watch the full podcast video on YouTube - don't forget to subscribe! https://www.youtube.com/watch?v=PSvpEFgNf2I
Get in touch with Caroline through any of her channels here: https://linktr.ee/Trading_Angel
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
50 min
September 25, 2024 104. Why Most Forex Traders Fail: The Secret to Setting Realistic Expectations
In this episode of Let’s Talk Forex, hosts Alison and Chris tackle one of the most crucial yet overlooked aspects of trading: setting realistic expectations. They break down the difference between the glamorous success stories often seen online and the gritty realities most traders face. The discussion covers the balance between risk and reward, the dangers of chasing fast profits, and the importance of understanding false breakouts and market volatility. Whether you're just starting out or looking to scale up, this episode will help you align your goals with the real demands of trading. Tune in to learn how to manage your risk, grow your account steadily, and avoid the traps of unrealistic expectations.
You can find the podcast video on YouTube: https://youtu.be/8OApnRUPyQs
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
14 min
September 18, 2024 103. What to expect from the September rate cut
With Alison away this week, Chris discusses the background and the possible outcomes of the Federal Reserve's interest rate decision on September 18. It's the most important day for the markets this year, so tune in and find out how it might impact the markets and what to expect in the weeks and months ahead.
Watch this episode on Youtube: https://youtu.be/DwhvnEOY3Pw
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
12 min
September 11, 2024102. 7 Practical Hacks to Boost Your Trading Win Rate
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 [email protected] or via our social media channels.
Subscribe & Follow:
If you found today’s episode helpful, make sure to subscribe and like our channel to stay updated with future content.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
14 min
September 04, 2024 101. Minimising Losses in Forex Trading
This week Alison and Chris discuss a subject on every trader's mind: How to minimise losses. Everyone knows how to set a stop loss, but protecting your trading capital requires so much more. Tune in to hear Chris and Alison's advice on risk management, psychological discipline, adaptability, and how to use all the tools at your disposal.
Watch the video version of this podcast here: https://bit.ly/3BcdW59
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
15 min
August 28, 2024 100. Mastering Currency Pairs: Everything You Need to Know for Successful Trading
Podcast video on YouTube: https://bit.ly/4d5z8au
Major, minor, and exotic currency pairs each have distinct characteristics that affect how they are traded in the forex market. They differ in terms of their liquidity, volatility, and availability at various Forex brokers. In this episode, Chris and Alison discuss how traders must adjust their strategies when trading these pairs, considering factors like political stability, economic conditions, and market sentiment, which can have a more significant impact on exotics than on major or minor pairs.
Live charts for major pairs:
EUR/USD: https://fxscouts.com/currency_pair/eurusd/
GBP/USD: https://fxscouts.com/currency_pair/gbpusd/
USD/JPY: https://fxscouts.com/currency_pair/usdjpy/
AUD/USD: https://fxscouts.com/currency_pair/audusd/
EUR/GBP: https://fxscouts.com/currency_pair/eurgbp/
USD/CAD: https://fxscouts.com/currency_pair/usdcad/
EUR/JPY: https://fxscouts.com/currency_pair/eurjpy/
AUD/JPY: https://fxscouts.com/currency_pair/audjpy/
USD/CHF: https://fxscouts.com/currency_pair/usdchf/
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
14 min
August 21, 2024 99. Season 5 starts now! Swing Trading vs Day Trading - which style suits you best?
Watch the video version of this episode here: https://bit.ly/3ZpGDWr
Active traders often group themselves into two camps: day traders or swing traders. Both seek to profit from short-term price movements as opposed to holding assets for long-term growth. The primary difference in the trading strategies is that day traders make many trades during a day, while swing traders trade an asset over a longer time frame, typically two days to a few weeks. Because we get so many questions from traders about which style is better, we thought we would talk about the pros and cons of day trading vs. swing trading.
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
22 min
June 26, 202498. Season Finale: Market Pulse - 2024 Midyear Update
In this episode, Alison and Chris dive into the dynamic market movements of the first half of 2024. This year has been marked by unexpected developments across various markets. Join us as we explore:
The Forex Market: A detailed analysis of the EUR/USD performance and key factors influencing its trajectory.
Gold: Insights into what propelled gold to its all-time highs and predictions on its future direction.
Bitcoin: Discussion on the significant Bitcoin halving event, the emergence of Bitcoin ETFs, and the new all-time high achieved in March.
South African Rand: Examination of the forces affecting the South African Rand since 2023 and potential impacts post-elections.
Prop Trading Scandals: An overview of the recent controversies in proprietary trading and the regulatory crackdowns that followed.
Tune in for a comprehensive review of these major market events and trends.
Supporting links for this episode:
Chris on the future of prop trading: https://open.spotify.com/episode/6gWxbNHUumhljDEr5xXDaY?si=f77efdbb328141c7
Why gold prices are so high: https://fxscouts.com/news/will-gold-prices-continue-climbing/
Why Forex trading volumes were low in early 2024: https://fxscouts.com/news/why-are-forex-trading-volumes-falling-in-2024-and-why-is-it-all-the-feds-fault/
Bitcoin's rise from the ashes: https://fxscouts.com/news/bitcoin-tops-50k-as-etf-interest-surges-traders-eye-aprils-halving-event/

FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
36 min
June 19, 2024 97. Managing Risk: Essential Strategies for Traders
Managing your risk in Forex trading is paramount to long-term success. Traders often underestimate the effects of market volatility and high leverage, and how margin calls can lead to the loss of capital. In this episode, Alison and Chris discuss effective risk management strategies, such as setting stop-loss orders, hedging, and correct position-sizing, to help traders navigate the unpredictable nature of the Forex market with greater confidence and sustainability.
Go vote on the topic of our final episode of season 4 (poll closes June 23rd, 2024): https://bit.ly/3KVTJSJ
Link to a previous episode on risk management (Apologies for the sound quality, this was one of our very first episodes!): https://spoti.fi/4b6UxyP

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