Let’s Talk Forex with Alison and Chris

How to Take Advantage of the Breakout Trading Strategy

A breakout occurs when a currency pair's price moves outside a defined support or resistance level with increased volume. It is a popular trading approach used by traders to take a position within a trend's early stages. This strategy is often the starting point for large price moves and increased volatility. In this episode, Alison and Chris discuss how you can identify a breakout, how to confirm that they have occurred, and how to manage your risk.
Link to YouTube short on Trading Breakouts: https://youtube.com/shorts/G46GV4PYn0c?feature=share 
 
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.

A Breakdown of the Best Tools for Trading Analysis

The world of trading has changed dramatically over the past few decades, and with the ability to trade online, many Forex trading tools have been developed to help traders analyse the markets.  Many brokers offer these tools free of charge or they are integrated into the brokers’ trading platforms. In this episode, Alison and Chris discuss four different types of trading tools:
Tools for finding trading opportunities
Tools for taking the market's pulse, or for keeping track of market sentiment
Tools to calculate your profit and loss
Trading strategy tools
For more information, check out the following pages:
https://fxscouts.com/forex-tools/https://fxscouts.com/economic-calendar/https://fxscouts.com/forex-education/technical-analysis-vs-fundamental-analysis/
 
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.

Trading with the experts: Spreadex

It's another special episode as Alison and Chris sit down with Tom Salmon, MD of Spreadex Trading, one of the UK's largest trading firms. In this wide-ranging conversation, Tom talks about the advantages of spread betting over CFD trading, why Spreadex linked up with TradingView, the state of the markets in 2024, and how traders can better manage their risk.
Episode links:
Learn more about Spreadex: https://fxscouts.com/broker/spreadex/Listen to our episode on TradingView: https://open.spotify.com/episode/4KaeMjhGQiJwQbaOPZIVbm?si=792c9717f24f4b48Alison's TradingView Tutorial: https://www.youtube.com/watch?v=rcUK70BoZ3g&t=35s
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.

Trend trading: The trend is your friend

So many traders get caught out trying to predict where the market will go next. This approach is risky and often leads to losses. Trend following is a time-tested strategy that helps traders capitalise on directional market moves and increases your chances of profiting. In this episode, Alison and Chris discuss how to identify a trend and different trend trading strategies.
Link to YouTube video mentioned in this episode: https://www.youtube.com/watch?v=QiS9P6ya_Pg&t=6s
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 Sessions: London, NY, Tokyo, Sydney - but which is best for your trading?

Forex trading is a 24-hour business, but it's divided into the four main sessions. This week Alison and Chris discuss why it's a bad idea to try and trade them all and how to know where you should focus your energies. Lifestyle, sessions crossovers, assets and data releases all play a major part in this decision so tune in and find out which trading session will suit you best.
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.

Interest Rates and Forex Prices: Will the Fed’s Decision Boost the USD?

This week Alison and Chris preview a week full of interest rate decisions from some of the most important central banks in the world. But the focus is on the US Federal Reserve’s meeting on 20th March 2024 - there’s almost zero chance of a rate cut, but what will the Fed’s forward guidance mean for the EUR/USD and other major pairs? And will it restore some much-needed volatility to the market? 
 
Links as promised:Why are Forex trading volumes so low?: https://fxscouts.com/news/why-are-forex-trading-volumes-falling-in-2024-and-why-is-it-all-the-feds-fault/Stay on top of central bank decisions with our economic calendar: https://fxscouts.com/economic-calendar/Our episode on fundamental analysis: https://open.spotify.com/episode/7uEAJytIZAsJsrtat3zyxr?si=98e5b6cf893640b6
 
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.

A trader’s journey: Trading Angel

A truly inspiring episode this week as Alison and Chris talk to Caroline Rundell, aka Trading Angel (links to her YouTube channel below). Caroline started her trading journey in 2015, with zero knowledge but plenty of hope and determination. Now she’s a professional trader, trading coach - and soon-to-be qualified financial adviser. In a world where the reality of trading is often obscured by social media “experts” with flashy cars and get-rich-quick schemes, Caroline’s story shows how anyone can become a successful trader with hard work and education.
Trading Angel Trading Coaching: https://tradingangel.co.uk/Trading Angel on YouTube: https://www.youtube.com/@Trading_AngelTrading Angel on Instagram: https://www.instagram.com/trading_angel_carolineTrading Angel on Tiktok: https://www.tiktok.com/@trading_angel
And send me Caroline an email if you’d like to sign up for coaching Info@tradingangel.co.uk
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.

Market Sentiment: When following the crowd can backfire

This week Alison and Chris talk about market sentiment and why it can be a confusing indicator for many beginners. So, if you find yourself trading against market sentiment, don't panic! You're probably right... But listen in to find out why and how you can use sentiment analysis as part of a successful trading strategy.
Links:
IG Client Sentiment Report: https://www.dailyfx.com/sentiment-reportCOT Report:https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htmLong term trading strategy with the COT Report: https://fxscouts.com/forex-education/long-term-trading-strategy-with-the-cot-report/
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.

XTB or Pepperstone: Which broker is right for you?

This week, Alison and Chris take a close look at XTB and Pepperstone, two of our highest-rated brokers, and ask which one would work best for you. Both are well-regulated with low trading costs - but once you start digging, it’s obvious that they are suited to different types of traders. Listen in and learn why we rate them so highly and which one you might want to consider if you’re thinking of switching broker.
Links as promised in this episode:
Pepperstone Review: https://fxscouts.com/broker/pepperstone/XTB Review: https://fxscouts.com/broker/xtb/Trading Angel on YouTube: https://www.youtube.com/@Trading_Angel
Previous episode with Chris Weston from Pepperstone: https://open.spotify.com/episode/0K6eQp8wmidtDHhf3CQ3sh?si=6765abee5d654445
FxScouts Annual Broker Awards: https://fxscouts.com/forex-awards/
 
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.

Trading Forex on your phone? The dangers of mobile trading

This week Alison and Chris discuss mobile trading apps and whether mobile trading should be part of your trading plan. Mobile trading is everywhere these days, and there are some real benefits to trading apps. But does that mean it should be your primary trading tool? Listen in to learn about the pitfalls of trading on your phone and how to use your trading app effectively.
 
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.