Let’s Talk Forex with Alison and Chris

42. Why the NFP is so important and how it can be traded

The Non-farm Payroll (NFP) report is one of America’s most important economic announcements and affects everything from the Fed’s interest rate policy to the price of gold. In this episode we cover the importance of the NFP and how it can be traded.
For more information on trading the EUR/USD: https://fxscouts.com/currency_pair/eurusd/
For more information on the latest interest rate hike: https://fxscouts.com/fed-interest-hike-announcement-march-2023/ 
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.

41. Understanding Timeframes: A Crucial Skill

Timeframes may not seem like the most exciting topic, but understanding how to use them correctly is essential for all Forex traders. This week, Alison and Chris discuss which timeframes are best for your trading style and how to use multiple timeframe analysis to reduce your risk and make better trading decisions.
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.

40. Expert Advisors - What they are and how to use them

An expert advisor is basically a piece of software designed to execute a trading strategy. In this episode we cover how they work, why people use them, and how they differ between platforms. Enjoy!
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.

39. Trading with the experts: Pepperstone

This week Alison and Chris are joined by Chris Weston, Head of Research at Pepperstone. A former trader with 20 years’ experience in the industry, Chris discusses how to create a rules-based trading plan and shares inspirational tips and strategies from his own vast knowledge of the trading world.
Our Pepperstone Review: https://fxscouts.com/broker/pepperstone/Sign up to The Daily Fix with Chris Weston: https://cloud.go.pepperstone.com/join-daily-fixFollow Chris Weston on Twitter: https://twitter.com/ChrisWeston_PS 
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.
 

38. Trading the VIX

The VIX was created by the Chicago Board Options Exchange in 1993 to measure stock market volatility, specifically volatility in the S&P 500 index. The VIX is often called the “fear index” because when the VIX rises, stock markets tend to crash. In this episode we explain how traders can use it to hedge against falling stocks and how it is traded as a CFD instrument.
Learn more about the VIX here: https://fxscouts.com/forex-brokers/vix-volatility-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.

37. Trading Platforms: Which One is Right for You?

Do you know which trading platform works best for you? This week, Alison and Chris take a close look at MT4, MT5 and cTrader and discuss why each one suits a different type of trader. Tune in to find out which one will fit you best and how your choice will impact your trading.
Learn more about why Apple banned MT4 and MT5 from the App Store here: https://fxscouts.com/app-store-takedown-highlights-security-flaws-in-worlds-most-popular-forex-trading-platform/
Watch our MT4 tutorial here: https://youtu.be/zzs3MJZgjPU 
Watch our MT5 tutorial here: https://youtu.be/-fa4WVwiuN8 
Watch our cTrader tutorial here: https://youtu.be/pnPc7GOD9qE
Visit https://fxscouts.com to learn more about which brokers offer the best platforms.
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.
 

36. Market Psychology - Trading Psychology Part 2

In the second part of our series on psychology in trading, Alison and Chris chat about market psychology, also called behavioural economics. While markets may seem rational and driven by fundamentals, they are often upended by herd mentality and other irrational factors which can drive prices in unexpected directions.
 
Useful links:Previous Episode with HFM’s analysts: https://open.spotify.com/episode/0wgMsHzEBQY7yuilCKFkm5?si=7e4b5516feb74ebf Elliott Wave Theory: https://fxscouts.com/forex-education/elliott-wave-principle/The Volatility Index: https://fxscouts.com/forex-brokers/vix-volatility-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.

35. Trading with the Experts: Interview with HFM’s Top Market Analysts

In this special double-length episode, Alison and Chris are joined by HFM’s (formerly Hotforex) top market analysts, Stuart Cowell and Andria Pichidi. In a wide-ranging conversation, Stuart and Andria discuss their market predictions for 2023, the importance of trading psychology, and reveal their top tips for beginner traders to become successful. 
As promised, here are a few links to events, books, and articles mentioned in this episode:
HFM’s USD Analysis: https://tradeforexsa.co.za/dovish-statement-bumps-usdindex/
Autochartist Tool: https://www.hfm.com/sv/en/trading-tools/autochartist
Mark Douglas -  Trading in the Zone: https://books.google.pt/books?id=8SL6VVMa9AcC&lpg=PA9&pg=PA9#v=onepage&q&f=false
Edwin Lefèvre - Reminiscences of a Stock Operator: https://books.google.pt/books?id=Bu-ZEAAAQBAJ&lpg=PP1&pg=PP1#v=onepage&q&f=false
Charlie Munger Profile: https://www.forbes.com/profile/charles-munger/
Contact for HFM’s Joburg offices: https://www.hfm.com/za/en/contact-us
Finance Magnates Event in Joburg: https://events.financemagnates.com/fmas23/lp/
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.

34. Master your emotions and improve your trading - Trading Psychology Part 1

Join Alison and Chris as they discuss how fear and greed drive poor trading decisions, and advise on the best ways to keep emotion out of your 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.
 
 

33. Momentum Trading - Buying high and selling higher

Momentum trading is a strategy that capitalises on momentum to enter a trend as it is picking up steam. "Buying high and selling higher" sounds easy, but successful momentum strategies rely heavily on oscillators and technical analysis. Join us as we discuss which indicators to use, how to create a momentum trading strategy, and how to avoid the common pitfalls.
Check out our Forex education section for some additional reading.
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.