Let’s Talk Forex with Alison and Chris

Leverage is a double-edged sword. It's essential for making a profit in Forex trading, but using it recklessly will only lead to disaster. Tune in to find out how leverage works, why it's important, and how to use it wisely. We'll also discuss the difference between leverage and margin and why regulators sometimes restrict the amount of leverage a broker can offer.

A few things mentioned in the episode you may want to check out:

Some more reading on Leverage: https://fxscouts.com/forex-education/what-is-leverage-in-forex-trading/

And our video on Leverage explained on YouTube.: https://www.youtube.com/watch?v=gLnoFMLEYIg&t=116s

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.

Crypto trading has recently come under the scrutiny of some of the world’s top tier regulators. In this episode we cover the basics of crypto trading, the difference between crypto trading and trading crypto CFDs, and what recent regulatory changes mean for you as a trader. Visit FxScouts to learn more and find a regulated broker.

To know more about GoMarkets which Alison mentions at the beginning of this episode, check out their review here.

This episode is also available on YouTube: https://youtu.be/dFwPLvaBo_U 

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.

Positional traders tend to ignore short-term price movements and prefer to rely on fundamental analysis​​ and long-term trends. They hold positions for months and sometimes even years. Listen to our podcast to find out more about whether positional trading is the right style for you.

For more educational material on Forex trading, checkout our Education section 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.

Many traders think that day trading and scalping are similar. Although both trading styles do take place within one trading day, there are important differences between the two. In this podcast we discuss the golden rules of day trading and how to go about choosing the best day trading broker.

Watch our video on Day Trading on YouTube

Find more educational content here: https://fxscouts.com/forex-education 

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 are kicking off a three week series that will cover some common Forex topics that beginner traders may struggle with. First out is Scalping. What it is, how it works and why it requires a clear trading strategy regardless of your trading experience.

Find more information on Scalping 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.

Skilling is a relatively new broker and one we expect to make some noise in the next few years. We recently tested and reviewed skilling, and in this episode, we share our insights on where they break new ground and offer traders an improved experience, as well as where they fall short and will need to improve as they grow.

You will find our full review of Skilling (ZA) here and Skilling (UK) 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.

The GBP crashes as the new UK government scares investors, is this just another example of the USD’s strength causing chaos in currency markets? How long can the Dollar keep on rising and what does the market volatility mean for Forex traders?

Check out our YouTube video on this topic and follow our live currency update 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.

This weekend, Apple pulled MT4 and MT5 from the App Store. Find out what we know about the resons behind this decision, what it means for iOS users, and what alternatives are available.

Useful links:

Top cTrader brokers in the UK

Top cTrader brokers in South Africa

Forbes article discussed in this episode

To get in touch with us, send us an email: [email protected] 

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 don’t realise or appreciate the importance of correctly sizing their trade, but it can greatly affect performance.  In this episode we explain how you can determine your trade size using lots, and setting your stop-losses to reduce your risk.

Click here for a chart comparing lot sizes

For more advice on how to place your first trade, including detail on how to calculate pip value when your account currency and quote currency are different, click 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.

Forex trading is a high-risk business, and while trades are often profitable, the majority of traders end up losing money because they do not manage their risk properly. There are several tools to help you manage and minimize risk in Forex trading. Using a stop loss order is one of them. Tune in and find out how it’s done.

For more information, head over to FxScouts.com

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.