Let’s Talk Forex with Alison and Chris

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.