Let’s Talk Forex with Alison and Chris

69. Can you use ChatGPT to improve you trading?

This week, Alison and Chris take a closer look at the global AI phenomenon that is ChatGPT and how it can be used to improve your trading. Spoiler: It's not going to make you a millionaire overnight, but there are a few ways you can harness it to make trading more efficient.
ChatGPT predicting stock prices: https://www.cnbc.com/2023/04/12/chatgpt-may-be-able-to-predict-stock-movements-finance-professor-says.html
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.

68. Greed, Fear, and...hope? Managing Negative Emotions in Trading

This week, Alison and Chris discuss how negative emotions can impact your trading, and what you can do to overcome them to trade smarter and more profitably. 
 
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.
 

67. Crypto Trading #2: Volatility, Legal Woes, and the Future of Crypto Trading

The cryptocurrency market has been on a rollercoaster recently, much of it driven by fundamental factors such as the effect of the Terra-Luna crash, the FTX collapse and the threat of tighter SEC regulation. In this episode, Alison and Chris discuss crypto's performance over the last year and where the market may be headed.
Read more about cryto trading and crypto brokers here: https://fxscouts.com/cryptocurrency-trading/ 
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.

66. Crypto Trading #1: Risks & Rewards

Ever since its inception, Bitcoin has skyrocketed in popularity, but has taken investors and traders on a wild ride. Its success paved the way for the emergence of numerous other crypto coins. However, due to the decentralised nature of cryptocurrencies, they are highly susceptible to sudden price fluctuations.  While this volatility may provide opportunities for high returns, it also carries a higher risk of losing money. In this episode, Alison and Chris delve into the history of cryptocurrency and explain both the pros and cons of trading cryptos.
For more info on crypto, please visit: https://fxscouts.com/cryptocurrency-trading/
DISCLAIMER75-90% 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.
 
 

65. All You Need to Know About No-Deposit Bonuses

No deposit bonuses are popular promotions offered by brokers to entice new customers. They are designed to allow new clients to experience the platform and start trading without risking any of their own funds. In this episode, Alison and Chris talk about the advantages of using no-deposit bonuses, tips for trading with a no-deposit bonus, and what you need to know before you use them.
Link to the list of top ranked Forex brokers with a no-deposit bonus as discussed in this episode: https://fxscouts.co.za/forex-brokers-south-africa/no-deposit-bonuses/
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.
 

64. Mean Reversion: Turn patterns into profits

In this episode, Chris and Alison cover how traders use mean reversions, mean reversion technical analysis tools, and how day traders and swing traders use these patterns to icrease profits. 
What is mean reversion? Mean reversion is the concept that asset prices and volatility eventually return to their long-term average levels. As a result, traders use mean reversions to time their entries and exits. 
Links as promised in the episode:
Sharpen Your Trading Strategy with the Power of Asset Correlation: https://open.spotify.com/episode/0SvPkIcSEwdTgl4PRJ1hzA
Predicting the Future with Fibonacci Retracements: https://open.spotify.com/episode/2sAegMwRuLhZV6ujw04NYt
Why the MACD is a vital tool in your trading toolbox: https://open.spotify.com/episode/0nb88rCsloH5dSO4i9OzEE 
The Relative Strength Index: https://open.spotify.com/episode/0ATRJtLIQ0sfRXabXCODAT 
Bollinger Bands: https://open.spotify.com/episode/3JXk4IIaLLc2sETGkv7ssJ 
Moving Averages: https://open.spotify.com/episode/6Rhi6ZWS0XQkRbrO1zWyaM - The MACD Explained: https://fxscouts.com/news/macd-explained/
Candlestick Patterns Explained: https://fxscouts.com/news/candlestick-patterns-explained/ 
 
DISCLAIMER75-90% 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.

63. How to Balance Trading With Full-Time Work

Balancing full-time work and trading requires discipline, dedication, and a solid trading plan. In this episode, Alison and Chris provide tips and techniques to help traders achieve success in their trading activities while balancing their full-time work.
Links as promised in the episode :-)
https://fxscouts.com/economic-calendar/
https://fxscouts.com/forex-education/developing-a-trading-plan/
https://open.spotify.com/episode/4sJ7Gfd47PoG7uCJhxjrlh
 
DISCLAIMER75-90% 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.

62. Predicting the future with Fibonacci retracements

Fibonacci retracements are a popular form of technical analysis used by traders to predict future potential prices in the financial markets. Fibonacci retracements and ratios can help traders identify upcoming support and resistance​ levels based on past price action. In this podcast, Alison and Chris talk about what retracements are, the benefits of trading retracements, and how to use the Fibonacci Retracement tool.
Fibonacci Retracement video - https://fxscouts.com/latest-forex-news-and-analysis/what-are-fibonacci-retracements/
The Best Times to Trade Forex - https://fxscouts.com/forex-trading-hours/
DISCLAIMER75-90% 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.

61. Sharpen Your Trading Strategy with the Power of Asset Correlation

Asset correlation is the degree that financial assets, such as Forex pairs or commodities move in relation to one another. Two assets that move in the same direction are positively correlated, while those that move in opposite directions are negatively correlated. Understanding how asset correlation works is a very important step in building a trading portfolio.
Links mentioned in this episode:
Pepperstone: Smart Trader Tools https://fxscouts.com/broker/pepperstone/Vantage: Smart Trader Tools https://fxscouts.com/broker/vantagefx/
 
DISCLAIMER75-90% 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.Axi: MT4 NexGen https://fxscouts.com/broker/axitrader/FP Markets: MT4 Trader Toolbox https://fxscouts.com/broker/fpmarkets/Admirals: MT4 Supreme Edition https://fxscouts.com/broker/admiral/
DISCLAIMER75-90% 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.
 

60. Channels: Never miss a trend with these powerful indicators

One of the easiest technical analysis tools to learn and use, channels are simple but powerful trend indicators. This week, Chris and Alison discuss how to use channels correctly to find the best trade entries and exits, how to increase their accuracy with other technical analysis tools, and the common pitfalls to avoid.
 
Link to the page discussed at the end of this episode: https://fxscouts.co.za/news/outlook-grim-for-the-rand-as-fundamentals-converge/
 
DISCLAIMER75-90% 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.