The Forex Pod

In this episode of The Forex Pod, Charlie Burton and Matthew Spurr dig into one of the biggest traps technical traders fall into: constantly changing a strategy before giving it a fair chance. They explore strategy hopping, curve fitting, and recency bias, explaining how traders often tweak exits, targets, stop losses, or indicators based on a small run of recent trades rather than proper testing....

In this episode of The Forex Pod, Charlie Burton and Matthew Spurr tackle one of the hardest questions traders face: how do you know whether your strategy is simply going through a normal drawdown, or whether it’s genuinely stopped working? They break down the dangers of curve fitting, why robust backtesting matters, and how to think more clearly about historical drawdown, losing streaks, and when...

In this episode of The Forex Pod, Charlie Burton and Matthew Spurr respond to a thoughtful set of questions from a newer trader trying to understand what trading really demands before going all in. They dig into the emotional challenges that take the longest to overcome, from drawdowns and overconfidence to greed, revenge trading, and the trap of becoming too focused on P&L. The conversation a...

In this episode of The Forex Pod , Charlie Burton and Matthew Spurr break down the reality behind funded trading accounts—cutting through the hype, influencer noise, and hidden risks. They share real experiences with prop firms, from small payouts to denied withdrawals, and explain why the business model often works against traders. The conversation tackles the psychology behind chasing “leveraged...

In this episode, Matt and Charlie discuss the concept of inverted risk-reward ratio trading and its profitability, highlighting the challenges and pitfalls associated with such strategies. It also delves into the manipulation of trading performance data and the importance of understanding drawdowns and emotional resilience in trading.

Charlie and Matt cover the topic of whether to trade spot, forwards, futures etc. It's important to know which instrument best suits your timeframe for trading to ensure you're cost efficient and not losing money on your trading activity over time. The problems with the Martingale Strategy are explored, as well as a cautionary tale of a trader who landed in hot water because of it.

Welcome to the first episode of The Forex Pod with me, Charlie Burton, and my co-host Matt Spurr. Today, among other things, we're discussing whether or not you can profitably trade using just a coin flip and some basic parameters. Join us for our first ever podcast chat!