In this episode of Let’s Talk Forex, hosts Alison and Chris sit down with veteran trader Patrick Reid, who brings nearly two decades of experience in the financial markets. Patrick shares his journey from trading derivatives at the world’s largest prop desks to becoming co-founder of Adamis Principle, where he now focuses on mentoring and educating traders. The discussion covers key topics including the differences between retail and institutional trading, Patrick’s trading style, and current market insights such as the strong US dollar, the challenges facing the EUR/USD pair, and the global economic outlook. They also dive into cryptocurrency’s role as an asset class and its potential future in the financial world. Whether you're a beginner or a seasoned trader, this episode is packed with valuable insights into the world of Forex and beyond.

This podcast is the audio of a video recording, Watch the video here: https://youtu.be/LU2NNW-RMPo

Check ut Patrick's full profile here: https://www.linkedin.com/in/patrick-reid-5b51bb21/

Book mentor sessions with Patrick here: https://calendly.com/adamisprinciple/our-mentoring-programmes?month=2024-10

Get insights into the life of a Forex trader here: https://currencytrader.scoreapp.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.

In this episode of Let’s Talk Forex, Alison and Chris dive into a crucial yet often overlooked aspect of trading—emotional triggers. From the highs of winning trades to the frustration of losses, emotions like greed and fear can derail even the most disciplined traders. They discuss how these emotions manifest, why they can be so damaging, and practical strategies for managing them. Whether you're riding a winning streak or struggling with losses, mastering your mindset is just as important as executing your strategy. Tune in for valuable insights on how to stay balanced in the face of market challenges.

This is the audio track of a video podcast, watch the full video here: https://youtu.be/Fn71YEubm0w 

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 this episode, hosts Alison and Chris explore the core principles that are essential for long-term success in Forex trading, regardless of your experience level. They discuss the importance of understanding correlated instruments, how to set optimal risk-to-reward ratios, and ways to effectively incorporate news events into your trading strategy. Additionally, they highlight the critical role that higher timeframe analysis plays in shaping informed trading decisions. These key concepts are vital for building a strong trading foundation, helping you create a more robust strategy and make smarter choices in the market. Tune in and take your trading skills to the next level!

This is the audio track of a video podcast, watch the full video here: https://youtu.be/8yt-xXtduek 

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 this episode of Let’s Talk Forex, Alison and Chris delve into a critical yet often misunderstood aspect of trading—drawdowns. They define what drawdowns are, why they happen, and the psychological impact they can have on traders. Listeners will learn how to gauge the risk level of their trading strategies through the concept of Maximum Drawdown (MDD) and gain insights into managing these inevitable dips without losing confidence. Whether you’re a seasoned trader or just starting, this episode provides essential strategies for navigating challenging periods and emerging stronger.

Watch the full video here: https://youtu.be/iWKQCyvrMGg 

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 this episode of “Let’s Talk Forex,” we are thrilled to welcome back Caroline Rundell, also known as Trading Angel. Since her last appearance in March, Caroline has been busy completing her DipFA qualification, and we’re excited to hear how her journey as a successful Forex trader and coach has evolved.

Watch the full podcast video on YouTube - don't forget to subscribe! https://www.youtube.com/watch?v=PSvpEFgNf2I

Get in touch with Caroline through any of her channels here: https://linktr.ee/Trading_Angel 

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 this episode of Let’s Talk Forex, hosts Alison and Chris tackle one of the most crucial yet overlooked aspects of trading: setting realistic expectations. They break down the difference between the glamorous success stories often seen online and the gritty realities most traders face. The discussion covers the balance between risk and reward, the dangers of chasing fast profits, and the importance of understanding false breakouts and market volatility. Whether you're just starting out or looking to scale up, this episode will help you align your goals with the real demands of trading. Tune in to learn how to manage your risk, grow your account steadily, and avoid the traps of unrealistic expectations.

You can find the podcast video on YouTube: https://youtu.be/8OApnRUPyQs 

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.

With Alison away this week, Chris discusses the background and the possible outcomes of the Federal Reserve's interest rate decision on September 18. It's the most important day for the markets this year, so tune in and find out how it might impact the markets and what to expect in the weeks and months ahead.

Watch this episode on Youtube: https://youtu.be/DwhvnEOY3Pw 

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 this episode of Let's Talk Products, Alison and Chris walk listeners through seven actionable hacks to enhance trading win rates. They discuss practical strategies that traders—whether beginners or experienced—can implement right away to sharpen their trading discipline, improve decision-making, and boost overall performance.

Watch the video version of this episode here: https://bit.ly/3TrNWJw 

Key Hacks Discussed:

1. Avoid Watching Your Profit and Loss All Day

Listener Questions:

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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 Alison and Chris discuss a subject on every trader's mind: How to minimise losses. Everyone knows how to set a stop loss, but protecting your trading capital requires so much more. Tune in to hear Chris and Alison's advice on risk management, psychological discipline, adaptability, and how to use all the tools at your disposal.

Watch the video version of this podcast here: https://bit.ly/3BcdW59 

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.

Podcast video on YouTube: https://bit.ly/4d5z8au 

Major, minor, and exotic currency pairs each have distinct characteristics that affect how they are traded in the forex market. They differ in terms of their liquidity, volatility, and availability at various Forex brokers. In this episode, Chris and Alison discuss how traders must adjust their strategies when trading these pairs, considering factors like political stability, economic conditions, and market sentiment, which can have a more significant impact on exotics than on major or minor pairs.

Live charts for major pairs:

EUR/USD: https://fxscouts.com/currency_pair/eurusd/

GBP/USD: https://fxscouts.com/currency_pair/gbpusd/

USD/JPY: https://fxscouts.com/currency_pair/usdjpy/

AUD/USD: https://fxscouts.com/currency_pair/audusd/

EUR/GBP: https://fxscouts.com/currency_pair/eurgbp/

USD/CAD: https://fxscouts.com/currency_pair/usdcad/

EUR/JPY: https://fxscouts.com/currency_pair/eurjpy/ 

AUD/JPY: https://fxscouts.com/currency_pair/audjpy/ 

USD/CHF: https://fxscouts.com/currency_pair/usdchf/ 

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.