Let’s Talk Forex with Alison and Chris

Non-trading fees such as deposit and withdrawal fees, inactivity fees, and currency conversion fees are easily overlooked and can significantly affect the profitability of trading. 

Transparency around fees is a main component when we test and rank brokers. You can read more about our review process 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.

One of the most important factors to consider when signing up with a broker is the cost of trading. There are three different types of costs associated with Forex trading. These include the minimum deposit, trading costs and any non-trading fees charged by your broker. In this episode we cover the minimum deposits and trading costs.

For more info on trading costs, check out our section on understanding your trading costs.

If you want to get in touch with us and have suggested topics for future episodes, reach out via DM on Instagram or send us an email at [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.

Beginner traders are faced with the daunting decision of choosing a platform when they first sign up with a broker. Knowledge about the various platforms on offer at brokers is often very limited. What is a trading platform? What does it do? Which one should I choose? and how do I use it? 

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 risky. Around 60-90% of traders will lose money, depending on their Forex broker. Most traders lose money because they haven’t created a good risk-management strategy that keeps losses to a minimum. In this episode Alison and Chris talk about how to develop a risk management strategy.

Best Forex trading demo accounts in the UK: https://fxscouts.com/forex-brokers/demo-accounts/

Best Forex trading demo accounts in Sweden: https://fxscouts.com/sv/bast-valutamaklare-sverige/demo-konto/

Best Forex trading demo accounts in LATAM: https://fxscouts.com/es/los-mejores-brokers-de-forex/las-mejores-cuentas-demo-de-forex-trading/

Best Forex trading demo accounts in Indonesia: https://fxscouts.com/id/daftar-broker-forex-indonesia/akun-demo-trading-forex-terbaik/

Best Forex trading demo accounts in South Africa: https://fxscouts.co.za/forex-brokers-south-africa/demo-accounts/

Best Forex trading demo accounts in Australia: https://fxscouts.com.au/forex-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.

When choosing a forex broker, first and foremost, it is important that the broker is well-regulated. Forex regulation is a system of checks that have been put in place to ensure that the forex market is a safe place to trade. What does it mean for a Forex broker to be well-regulated? How can you avoid Forex scams? Which are the best Forex regulators? and why are regulated brokers safe brokers to trade with? 

Link to overview of regulators by tier and jurisdiction as mentioned in this episode: https://fxscouts.com/our-review-process/#bookmark3 

Top FCA regulated brokers: https://fxscouts.com/forex-brokers/fca

Top ASIC regulated brokers: https://fxscouts.com/forex-brokers/asic-regulated-brokers

Top CYSEC regulated brokers: https://fxscouts.com/forex-brokers/cysec-regulated-brokers

Top DFSA regulated brokers: https://fxscouts.com/dfsa

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.

In recent years, online Forex trading has become very popular. This is because it doesn’t often require huge starting capital, it is available 24 hours a day, and if you have access to the internet and a mobile device or computer, you can trade. In this episode, we cover the fundamentals of trading, including what a broker is and what happens to your money when you trade.

For a complete beginners guide: https://fxscouts.com/forex-education/what-is-forex-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.