Let’s Talk Forex with Alison and Chris

173. Best Prop Trading Firms 2026 Ranked – Which One Is Right for You?

Head over to our new Prop Trading website here: https://prop.fxscouts.com/
In episode 173 of Let’s Talk Forex, Alison and Chris rank the best prop trading firms in 2026 and explain which one may suit your trading style best.
We break down the top firms, including DNA Funded, E8 Markets, FTMO, One Up Trader, Funded Trading Plus, Funding Pips, Bright Funded, and FundedNext, and cover profit splits, challenge types, flexibility, futures options, and low-cost entry points.
The episode also looks at the reality of prop trading, including drawdown rules, consistency requirements, news-trading restrictions, discipline, and why most traders fail in challenges.
If you are comparing prop firms and want a clearer view of which one is actually worth your time, this is a great place to start.
You can also watch it on our YouTube channel 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.

172. Why Your Forex Trading Strategy Fails Over Time (And How to Fix It)

Most Forex traders start with one strategy, but no single Forex trading strategy works in every market condition. In episode 172 of Let’s Talk Forex, we break down why trading strategies fail over time and how changing market conditions can impact your results. We explain how to adapt your Forex trading strategy to improve risk management and use multiple strategies to stay consistent in trending and ranging markets. If you want to stop losing money with the same setup and start trading smarter across different market environments, this episode will help you level up your trading!
Watch it on YouTube 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.

171. Why Most Forex Traders Lose Money – It’s NOT Your Entry… It’s Your Exit

In episode 171 of Let’s Talk Forex, we break down why most traders struggle with exits and how this one mistake can destroy your trading performance.We cover the most common exit mistakes, including taking profits too early, letting winners turn into losers, and trading without a clear exit plan. You will know more about how to manage your trades more effectively using structured market conditions and risk management, so you can improve your consistency and overall results. If you want to stop losing profits and start trading smarter, this episode is a must-watch.
As always, the video version of this podcast can be found 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.

170. Traders Are Ditching MT4 & MT5 for cTrader

In episode 170 of Let's Talk Forex, we break down why CTrader is rapidly growing in popularity and why many traders are moving away from MT4 and MT5.
We explain what CTrader is, how it works, and what sets it apart from traditional trading platforms, including its modern interface, faster execution, advanced charting tools, and built-in copy trading. You will also understand the key advantages and potential downsides of CTrader, how it compares to MT4, MT5 and TradingView, and whether it is the right platform for your trading style.
If you are choosing a trading platform or considering a switch, this episode will help you determine whether CTrader is the better option.
The podcast is also available on YouTube!
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.

169. Stop Searching for the Perfect Forex Strategy: Do This Instead!

In episode 169 of Let’s Talk Forex, Alison and Chris break down the truth about forex trading strategies and what actually works in real market conditions. They explain the most common strategies used by traders, including trend following, breakout trading and range trading, and why no single strategy works in every market environment. You will understand how to match your strategy to market conditions, why most traders fail even with good strategies, and why risk management and discipline matter more than any indicator or system.If you are tired of searching for the perfect strategy and want a realistic approach to trading, this episode will help you build a stronger foundation!
Watch the full video 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.

168. How to NOT Blow Up Your Account When Trading The News

In episode 168 of Let's Talk Forex, Alison and Chris break down how traders can use economic news in forex trading without letting it wreck their strategy. They explain which news events matter most, including interest rates, CPI, NFP and GDP, why expectations matter more than headlines, and how volatility, slippage and wider spreads can catch traders off guard.The episode also looks at how geopolitical events ripple through forex markets, including safe-haven flows, oil price shocks, and the impact on currencies such as the US dollar, Japanese yen, Canadian dollar, and Norwegian krone.
If you want to understand how to incorporate news into your trading with more context, patience and better risk management, this episode is for you.
Watch the full video 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.

167. VWAP Explained: Why Most Traders Use It Wrong

VWAP is one of the most popular indicators in trading, but it is also one of the most misunderstood.
In episode 167 of Let’s Talk Forex, Alison and Chris explain what the volume weighted average price actually represents, how institutions use it as an execution benchmark, and why many retail traders misuse it as a support and resistance tool.  You will understand when VWAP works best, why it fails under certain market conditions, how liquidity sessions and news events affect it, and how traders should use VWAP as a contextual tool rather than a trading signal.If you want to understand VWAP properly and avoid one of the most common trading mistakes, this episode will change how you look at the indicator.
Watch the full video 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.

166. Your Strategy Means Nothing Without Risk Control

Beginners obsess over entry indicators and signals, but the real difference between surviving and blowing up your account is risk management.In episode 166 of Let’s Talk Forex, Alison and Chris explain why risk control matters more than strategy, why protecting your capital is the number one rule, and how strict position sizing, stop losses, and risk-to-reward can make a mediocre strategy profitable and a brilliant one fail.You will understand how drawdowns work, why losing 50 of your account means you need 100 to break even, how professional traders manage risk, how emotional stress destroys discipline, and simple rules you can follow to trade longer.If you want to stop losing money and start trading smarter, this episode will change how you approach the market.
Watch the full video 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.

165. Why Most Traders Quit a Good Strategy Too Early

Most traders don’t quit strategies because they fail. They quit because they feel uncomfortable.
In episode 165 of Let’s Talk Forex, Alison and Chris explain why normal drawdowns feel like failure, how losing streaks are part of probability, and when it actually makes sense to walk away from a system. They talk about evaluating a strategy with data rather than emotion, how market conditions affect performance, and the key questions to ask before switching again.
If you keep strategy-hopping after a few losses, this episode is for you.
Note: Sorry for Chris sound in this episode.
To watch this podcast episode as a video, please click 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.

164. She Trades US30 On The 1 Minute Chart But Starts With the Daily — Here’s Why It Works

Professional day trader and coach Caroline Randall joins Alison and Chris on episode 164 of Let's Talk Forex, to break down how she trades US30 (Dow Jones) using the 1-minute chart — starting her bias from the daily timeframe.They cover how Caroline built consistency by focusing on one market, why timing matters more than most strategies, and what’s on her non-negotiable pre-market checklist (economic calendar, Fed, major headlines, and earnings). You will also hear how she decides when to stop trading, what changed after major volatility events, and why cutting down markets and screen time can improve results.Topics include: US30 trading, day trading process, market timing, fundamentals vs technicals, news-driven volatility, and trader psychology.
Watch the episode here: https://youtu.be/1w6GRK5mBNE 
Check out Caroline's channel here: http://www.youtube.com/@Trading_Angel 
Her website here: http://www.tradingangel.co.uk/  and all her social media through this handle: @trading_angel.
Any direct enquiries to Caroline can be direct to 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.