Let’s Talk Forex with Alison and Chris

117. CFDs Explained: What They Are, How They Work, and Key Trading Tips

Welcome back to Let’s Talk Forex! We’re kicking off Season 6 with an exciting and informative episode. Thank you for joining us as we dive into a new season filled with valuable insights for traders of all levels.Curious about CFDs (Contracts for Difference)? In this episode, Alison and Chris break down everything you need to know about CFD trading.Learn:
What CFDs are and how they work.
The key differences between CFDs and traditional asset ownership.
The pros, like accessibility and flexibility, and the cons, including risks from leverage and volatility.
We’ll also share practical tips on managing risks, such as:
Using stop-loss orders.
Diversifying your portfolio.
Starting with small position sizes.
Whether you’re new to trading or aiming to deepen your knowledge, this episode is packed with insights to help you trade smarter. Tune in now and join us as we explore the world of CFD trading!
 
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.

116. Scandal: The Biggest Trading Frauds in 2024

Get ready for a jaw-dropping season finale of Let’s Talk Forex! Alison and Chris dive deep into the craziest frauds that shook the trading world in 2024. From a $225 million broker scam to a junior trader faking trades worth millions, to the hilarious (and tragic) memecoin meltdown of an infamous influencer, and the final chapter of the Archegos debacle—this episode has it all. Tune in for shocking stories, hard-learned lessons, and a reminder of why due diligence is critical in the trading game. Don’t miss this rollercoaster ride through the year’s biggest Forex scandals!
Head over to YouTube if you want to watch the original video for this recording: https://youtu.be/Z0pASIZKs2E
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.

115. Trader Interview: FP Markets' expert analyst, Aaron Hill provides top trading tips

Ready to transform your trading game? In this episode of Let’s Talk Forex, Alison and Chris interview Aaron Hill, Head of Research at FP Markets. He talks about his journey, including his surprising transition into finance to his expert advice for beginner traders, Aaron shares:
How to build a winning trading strategy
The truth about technical vs. fundamental analysis
Managing risk like a pro (even in crypto!)
Why leverage can make or break your trades
Catch the full podcast now and discover the tools and insights that can take your trading to the next level!Don’t forget to like, comment, and subscribe for more pro tips from top Forex experts!
 
Get in touch with Aaron and FP Markets:
Visit: https://fxscouts.com/go/broker/fpmarkets/visit/ 
Full review: https://fxscouts.com/broker/fpmarkets/ 
Twitter: https://twitter.com/FP_markets/Instagram: https://www.instagram.com/fpmarketsofficial/Telegram: https://t.me/fpmarketsroomFacebook: https://www.facebook.com/FirstPrudentialMarkets/
YouTube: https://www.youtube.com/user/fpmarkets/LinkedIn: https://www.linkedin.com/company/fp-markets/
 
Books recommended by Aaron:
The Art of Currency Trading - Brett Donnely
Alpha Trader - Brett Donelly
Trading in the Zone - Mark Douglas
 
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.

114. Journaling: The Game-Changer Most Traders Overlook

Are you struggling to improve your trading performance? The answer might be simpler than you think. In this episode of Let’s Talk Forex, Alison and Chris dive into one of the most underrated tools for traders: journaling your trades. Discover how a simple trading journal can uncover patterns in your performance, fix costly mistakes and bad habits, help you separate emotion from action and keep you disciplined and accountable.Whether you’re a beginner looking for structure or a seasoned trader aiming for consistency, this episode is packed with actionable tips to take your trading to the next level. Learn what to include in your journal, how to review it effectively, and why it’s the secret weapon of successful traders.
Head over to YouTube to watch the video: https://youtu.be/0rVzg7DfyMw 
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.

113. Mastering the Art of Risk Management: Protect Your Profits and Trade Smarter

In this episode of Let's Talk Forex, Alison and Chris dive into the crucial topic of risk management—a fundamental yet often underestimated aspect of trading that can make or break your success. They explore the discipline needed to implement strategies like the 1% rule, ATR-based stop-loss placement, dynamic position sizing, and time-based exits, all designed to protect your capital and optimize your trades. You'll also learn about setting maximum drawdown limits, keeping a trading journal, and adopting techniques such as scaling in and out of positions to enhance both your profitability and resilience. Whether you're just starting or looking to refine your skills, this episode is packed with actionable tips to help you trade smarter, protect your profits, and set yourself up for long-term success.
Head over to YouTube if you prefer to watch the video: https://youtu.be/FW7ld9WdU0g
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.
 

112. Mastering Market Snap-Backs: The Art of Mean Reversion Trading

In this episode of Let’s Talk Forex, Alison and Chris tackle one of the most intriguing yet challenging strategies in trading: mean reversion. If you've ever wondered why markets often snap back after a sharp move, this episode is for you. We break down the concept of mean reversion, explore popular setups like Bollinger Bands and VWAP, and share detailed, step-by-step examples for applying this strategy effectively. Plus, they highlight common pitfalls, like averaging into losing trades, and offer practical tips on risk management to keep you from getting caught in a trending market. Whether you’re a day trader or swing trader, tune in to master the art of profiting from market snap-backs!
 
Watch the full podcast video here: https://youtu.be/_fK0QpzxVwM 
 
Read more about how to trade double tops here: https://fxscouts.com/news/how-to-trade-double-tops/
And check out Alison's video on Bollinger Band & RSI Strategy here:  https://youtu.be/--jF8fTYN5o 
 
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.
 

111. Building Confidence in Your Trading Strategy Through Backtesting

In this episode of Let’s Talk Forex, Alison and Chris break down the fundamentals of backtesting—a vital step for any trader looking to solidify their strategy with confidence. If you’ve ever hesitated to execute a strategy due to uncertainty, this episode is for you. Discover how backtesting allows you to simulate trades against historical data, gain hands-on experience in a risk-free setting, and refine your approach for live market success. From crafting a clear trading plan to tracking your results, Alison and Chris provide a step-by-step guide to help you use backtesting to build trust in your strategy and trade with greater assurance.
Head over to YouTube if you prefer to watch the video podcast https://youtu.be/eX2LFyXQcDE 
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.

110. Mastering Your Trades: How to Build a Trading System for Consistent Success

In this episode of Let’s Talk Forex, Alison and Chris break down the essential steps to creating a structured trading system for analysing your trades. Join the hosts as they guide you through a six-step process, from screening the markets and identifying key levels to setting up entries and exits. Discover how a repeatable, disciplined approach can take the guesswork out of trading and help you stay focused and consistent. Whether you're new to Forex or looking to refine your strategy, this episode is packed with insights and practical tips to help you take control of your trading decisions. Tune in, and let’s get systematic about success!
Head over to YouTube if you prefer to watch the video podcast https://youtu.be/XPdgyY5eM5M 
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.

109. Trader interview: Special Guest Patrick Reid - Institutional Trader

In this episode of Let’s Talk Forex, hosts Alison and Chris sit down with veteran trader Patrick Reid, who brings nearly two decades of experience in the financial markets. Patrick shares his journey from trading derivatives at the world’s largest prop desks to becoming co-founder of Adamis Principle, where he now focuses on mentoring and educating traders. The discussion covers key topics including the differences between retail and institutional trading, Patrick’s trading style, and current market insights such as the strong US dollar, the challenges facing the EUR/USD pair, and the global economic outlook. They also dive into cryptocurrency’s role as an asset class and its potential future in the financial world. Whether you're a beginner or a seasoned trader, this episode is packed with valuable insights into the world of Forex and beyond.
This podcast is the audio of a video recording, Watch the video here: https://youtu.be/LU2NNW-RMPo
Check ut Patrick's full profile here: https://www.linkedin.com/in/patrick-reid-5b51bb21/
Book mentor sessions with Patrick here: https://calendly.com/adamisprinciple/our-mentoring-programmes?month=2024-10
Get insights into the life of a Forex trader here: https://currencytrader.scoreapp.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.

108. Forex Trading: Dealing with Hidden Emotional Triggers

In this episode of Let’s Talk Forex, Alison and Chris dive into a crucial yet often overlooked aspect of trading—emotional triggers. From the highs of winning trades to the frustration of losses, emotions like greed and fear can derail even the most disciplined traders. They discuss how these emotions manifest, why they can be so damaging, and practical strategies for managing them. Whether you're riding a winning streak or struggling with losses, mastering your mindset is just as important as executing your strategy. Tune in for valuable insights on how to stay balanced in the face of market challenges.
This is the audio track of a video podcast, watch the full video here: https://youtu.be/Fn71YEubm0w 
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.