Let’s Talk Forex with Alison and Chris

22. Scalping: How it works and why it is not a ”get rich quick” form of trading

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 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.

21. Forex Broker Review: Skilling

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.
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.

20. The Sterling Crash and the Dollar Dilemma

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 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.
 
 

19. News Alert: Apple pulls MT4 and MT5 from the App Store

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% 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.
 
 

18. Lots, pips and risk management: The importance of choosing the right trade size

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 your account currency and quote currency are different, 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.

17. How to minimize risk using a stop loss

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% 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.

16. Understanding the Spread

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 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.

15. Currency Pair Trading for Beginners

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/USD (Australian dollar/United States dollar)
USD/CAD (United States dollar/Canadian dollar)
USD/CHF (United States dollar/Swiss franc)
EUR/GBP (Euro/Great British Pound)
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.

14. Execution - Non Dealing Desk Brokers

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 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.

13. Execution – Market Makers

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 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.