Let’s Talk Forex with Alison and Chris

120. Trader Interview: XM’s senior market analyst, Achilleas Georgolopoulos

Alison and Chris sit down with XM’s senior market analyst, Achilleas Georgolopoulos, to talk risk management in the world of Trump 2.0. Achilleas also discusses what it was like to work in investment banking as the financial world fell apart in 2007, why XM invests so much in quality trading education, how to get started building your own automated trading system, and so much more. Tune in and learn from one of the best market analysts in the business. You can also find the full video 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.

119. Why choosing the right broker matters

With lots of new traders looking for a broker to take advantage of the Trump-related volatility in the markets, it’s an ideal time to talk about how to find a good broker. Alison and Chris discuss regulation, trading costs, platforms, customer service and more. All of these aspects can make the difference between success and failure. So, tune in and learn how to find the right broker for your trading journey. Or watch the full episode on YouTube here: https://youtu.be/wlA_bTKqoZU 
Here is some additional material to watch/read:
Why should you trade with a regulated broker: https://www.youtube.com/watch?v=cVVuYRTBLq8The cost of trading: https://www.youtube.com/watch?v=geNipwjMkwoThe best brokers for beginners: https://fxscouts.com/forex-brokers/brokers-for-beginners/
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.

118. Win Rates & Risk-Reward: Your Guide to Smarter Forex Trading

Welcome to another episode of Let’s Talk Forex! In this episode, Alison and Chris break down two critical metrics every Forex trader must master: win rates and risk-reward ratios. Whether you’re a beginner or an experienced trader, understanding these numbers is essential to developing a smart, profitable trading strategy.We’ll cover:
What win rates are and why they matter.
How to calculate and use risk-reward ratios effectively.
The importance of balancing win rates with risk-reward ratios.
Why tracking your trades and paper trading are must-do steps for beginners.
Advanced tips like factoring in probabilities to refine your edge.
By the end of this episode, you’ll have a clear understanding of how to apply these concepts to your own trading strategy. Don’t forget to like, subscribe, and share this episode with fellow traders!
 
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.

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.