Let’s Talk Forex with Alison and Chris

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/

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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 - 

Candlestick Patterns Explained: https://fxscouts.com/news/candlestick-patterns-explained/ 

DISCLAIMER

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

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

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/

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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

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:

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/ 

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