Let’s Talk Forex with Alison and Chris

149. Beginner Learns Forex: Why Every Trade Starts in the Red

New to Forex trading? This beginner-friendly episode of Let’s Talk Forex explains why every trade starts in the red and what the spread really means for your profits. Alison is away, so Chris is joined by Erik, who is a complete beginner in the Forex world. Chris breaks down how spreads work, why they change, and how to find brokers with low trading costs. Perfect for beginners who want to understand the basics and trade smarter from day one.
Broker images in the video version of this podcast this week are from Pepperstone, a broker with seriously low spreads! If you think you're paying too much to trade, check out Pepperstone here: https://bit.ly/4mRyMJf
As always, the video verison of this podcast can be found on YouTube 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

148. Has Bitcoin Peaked at $124K? Crypto 2025 Outlook & Fed Impact

Has Bitcoin peaked at $124,000, or is this just the start of a bigger rally? In this episode, Chris and Alison break down the 2025 crypto outlook — exploring Bitcoin’s recent pullback, the Fed’s policy decisions, and how inflation and global risk appetite are shaping the market. They also look at Ethereum and altcoins, and explain why crypto may be shifting from hype to maturity. Whether you’re a Bitcoin believer, an Ethereum watcher, or just trying to understand where crypto is headed in 2025, this conversation will give you the insights you need to stay ahead.
Watch the video here: https://youtu.be/7kuOtU_3HyI 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

147. Why Traders Break Their Rules (And How To Stop It)

You know your trading rules. You wrote them down. And yet, in the heat of the moment, you move that stop, chase that move, or double your size. Why do disciplined traders keep sabotaging themselves? In this episode of Let’s Talk Forex, Alison and Chris dig into the psychology of broken rules, the hidden triggers that trip us up, and the simple systems you can use to outsmart your instincts. From checklists and automation to friction hacks and accountability, you’ll walk away with a practical toolkit to finally trade the way you meant to.
Watch the full video podcast on YouTube here: https://youtu.be/5MwhJFj-kPM 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

146. Gold Price Hits Record Highs: What’s Really Driving XAU/USD?

Gold has surged past $3,700 to new record highs in 2025—but what’s really driving XAU/USD? Join Alison and Chris as they break down the key forces behind the rally: central bank buying, safe-haven flows from geopolitical risk, Fed rate cuts, ETF inflows, and supply trends. They also explore what could derail the run and how traders can approach XAU/USD at these record levels.
Whether you’re a forex trader or investor, this 15-minute episode gives you the insights you need to understand why gold is soaring and what might come next.
Watch the full episode on YouTube here: Link
And don’t miss our LIVE Q3 Forex Market Wrap on Friday, September 26th! Aaron Hill, Chief Market Analyst at FP Markets, joins us for a fact- and data-packed session covering the biggest moves and outlook for Q4. Set your reminder here
Which Q3 market move impacted you the most? Cast your vote in our FX survey today! Take the survey (Closes Friday, September 26, 3PM CET)
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

145. Prop Firms 2025: How To Pass The Challenge & Actually Get Paid

Prop trading firms are everywhere in 2025—but can you actually pass the challenge and collect a payout? In this Let’s Talk Forex video podcast, Alison and Chris break down prop firms in plain language: funded account rules, the 3–1–1 risk plan to improve your pass rate, KYC and payout pitfalls, one-step vs two-step challenges, trailing vs static drawdown, and whether a futures or forex prop path fits you. If you are searching for “best prop firms 2025,” “how to pass a prop firm challenge,” or “forex prop firms South Africa,” this episode gives you the rulebook and routine you need to trade cleanly and get paid.What you will learn:
What a prop firm is, how profit splits work, and why risk management rules matter.
The core rule set in 2025: daily loss limit, max drawdown, news rules, consistency, and banned strategies.
The 3–1–1 plan: set the stop first, risk 0.25%–0.5% per trade, and stop for the day at −1%.
A simple pre-trade checklist and one-line post-trade journal to keep you consistent.
Payouts and KYC: how to match documents and avoid rejected withdrawals.
One-step vs two-step challenges; trailing vs static drawdown—and how each changes your risk.
Futures vs forex prop firms: schedules, costs, and which suits your lifestyle.
Regulatory risks and recent headlines, plus practical record-keeping and tax reminders.
Enjoy the audio or watch the full video here if you prefer: https://youtu.be/w8Cj3aCA2tc 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

144. Why Most Forex Traders Lose (It’s Psychology, Not Strategy)

Most traders do not fail because their systems are bad—they fail because they cannot execute consistently. In this episode of Let’s Talk Forex, Alison and Chris unpack trading psychology, overconfidence, and discipline, showing why your behaviour—not your indicators—usually decides your P/L.What you will learn:
The myth of the “perfect” strategy and why consistent execution beats brilliance done badly.
The emotions that sabotage traders: fear, greed, FOMO, and the revenge-trading loop—and how to break them.
Overconfidence after hot streaks: size creep, widening stops, and “anticipating” entries.
Practical discipline: a pre-trade checklist, fixed risk rules, daily loss limits, and process metrics that actually improve results.
A simple case study (Trader A vs Trader B) that proves the system wasn’t the problem.
A one-week discipline sprint to tighten your process fast.
Who this is for: Day traders, swing traders, and Forex/CFD traders who want steadier results through better execution, not new indicators.If this helped, share it with one trader who needs to hear it, and subscribe for more clear, practical trading insights.
 
You can also watch the YouTube video here: https://www.youtube.com/watch?v=QU5hWzZQb1g 
 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

143. Forex Trading Myths EXPOSED: The Truth Every Trader Must Know

Think Forex is all about finding the perfect strategy, getting rich overnight, or that anyone can do it? Think again.
In this episode of Let’s Talk Forex, Alison and Chris bust the biggest myths that keep traders stuck, frustrated, or losing money. From the truth about strategy and psychology, to why risk management matters more than flashy setups, this is the real talk every trader needs to hear. What you’ll learn in this episode:
Why strategy is only 20% of the game (and psychology is the other 80%)
Why not everyone is cut out for trading—and how to know if you are
The reality behind “easy money” promises in Forex
How proper risk management keeps you in the game long enough to win
Whether you’re a beginner or already trading, this episode will help you see Forex for what it really is—and what it takes to succeed.
 
If you prefer to watch rather than listen, you can (as always) find the episode on YouTube as well: https://youtu.be/FIowqtLDFAU 
 
FxScouts Disclaimer:Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.

142. Essential Tools For a Forex Trader

Success in trading isn’t just about charts and platforms, it’s about having the complete toolkit. In this episode of Let’s Talk Forex, Alison and Chris break down the essential tools every trader needs to thrive. From mastering the right mindset and building a solid education, to using backtesting, risk management strategies, trading journals, and reliable news sources, we cover it all. Whether you’re just starting out or sharpening your edge as a seasoned trader, this episode will help you structure your toolkit for long-term success in the markets.
Watch the YouTube video here: https://youtu.be/YBGfkDgSdaw 
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.

141. Is AI the Future of Forex Trading? How Traders Can Use AI Right Now

Artificial Intelligence isn’t just hype anymore—it’s already reshaping the way traders approach the markets. In this episode of Let’s Talk Forex, Alison and Chris dive into how AI is being used in Forex trading today, from analysing price ranges and validating strategies to journaling emotional patterns and improving discipline. Discover real-world use cases, the pitfalls to avoid, and why traders who start using AI now—at any level—will have the edge. Whether you’re just getting started or already deep in the markets, this discussion will show you how to make AI your most powerful trading assistant.
If you prefer video format, you can watch this episode on YouTube here: https://youtu.be/jpfhEj_yNaM 
And don't forget to check out FxScouts.com to find anything and everything you need to know about Forex trading and Forex brokers.
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.

Bonus: We’re Going Live on YouTube This Friday (Don't Miss It!)

We’re between seasons, but we couldn’t stay away…
Join Alison & Chris LIVE on YouTube this Friday at 16:00 CET for a special Market Recap covering:
Earnings from the Magnificent Seven (Meta, Amazon, Apple, Microsoft & more)
The FOMC decision and what it really means for traders
Inflation data, job numbers, and the big one: NFP on Friday
This one won’t be on the podcast — it’s a live video stream.
Set a reminder and watch here: https://www.youtube.com/live/LaXJUxKRJWI
See you Friday!