Let’s Talk Forex with Alison and Chris

By FxScoutsBusiness Entrepreneurship Investing

Let’s Talk Forex with Alison and Chris episodes

February 16, 2023 36. Market Psychology - Trading Psychology Part 2
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.
21 min
February 09, 202335. Trading with the Experts: Interview with HFM’s Top Market Analysts
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.
51 min
February 02, 2023 34. Master your emotions and improve your trading - Trading Psychology Part 1
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.

21 min
January 26, 2023 33. Momentum Trading - Buying high and selling higher
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.
22 min
January 19, 2023 32. Understanding Support and Resistance Levels
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.
23 min
January 17, 2023 31. Copy Trading - Learning Forex Trading by Copying Others
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.
26 min
December 15, 2022 30. Season Finale: The Most Spectacular Wins and Losses of Forex Trading
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.
23 min
December 07, 2022 29. Order Types and Risk Management
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:
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.
21 min
December 01, 2022 28. Demo Accounts: Your Key to Success
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:
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.

17 min
November 24, 2022 27. A Broker’s Perspective - Interview with Monty Barnard
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:
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.
39 min