Let’s Talk Forex with Alison and Chris

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, boo...

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...

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 secti...

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 tr...

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 ret...

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 an...

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-lo...

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...

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...

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 ep...

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...

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%...

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-...

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 consi...

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...

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 a...

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: podcast@fxscouts.com   FxScouts DISCLAIMER: 75-90%...

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...

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%...

If you don’t know how much the spread effects your trading, then you don’t know how much the market needs to move in order for you to cover you trading fees. Tune in and start understanding the Spread to trade Forex successfully.   Example of GBP/JPY as mentioned in this episode.  Get in touch! FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whe...

In this week’s episode we cover currency pairs and how to choose which ones you should trade. We delve into what drives the price movement of these instruments and provide 5 steps for choosing the right currency pair. Major currency pairs: EUR/USD (Euro/United States dollar) - the most liquid pair USD/JPY (United States dollar/Japanese yen) GBP/USD (Great British Pound/United States dollar) AUD/US...

NDD, ECN, STP or Hybrid brokers.... don't worry, we know it can be confusing. In this episode we sort out what it all means and how these Forex brokers differ. For a list of our top-rated ECN brokers, click here . Don't forget to like, share and subscribe. FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and levera...

Market Maker brokers, also known as Dealing Desk Forex brokers, get a lot of bad press, but don’t believe everything you read and hear. Find out what their purpose is, how they work, and why they are so important to the functioning of financial markets. Find a top rated Market Maker Forex broker here. FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consi...

We continue our dive into the top 10 beginner mistakes to avoid if you want to become a successful Forex trader, and cover the importance of setting a strategy, keeping your emotions in check, and why you shouldn’t apply Warren Buffett’s strategy to Forex trading. Check out our previous episode for Part 1, and click here to find a great broker for beginner Forex traders. FxScouts DISCLAIMER: 75-90...

Forex trading is risky, and while the majority of trades are profitable, the majority of beginner traders make massive mistakes and end up losing money. So, what are these mistakes? How do you avoid them? And what do you need to know to get your trading career off the ground safely? We have gathered the top 10 mistakes in a two-part series on the topic, and here are the first 5 things not to do if...