Let’s Talk Forex with Alison and Chris

32. Understanding Support and Resistance Levels

Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to trading. This episode covers the basics of support and resistance, how to identify these levels, and how to employ them in various trading strategies.
More info on how to place your first trade here.
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.

31. Copy Trading - Learning Forex Trading by Copying Others

Copy trading is a great way for beginners who lack trading experience and knowledge to start their trading careers. It helps traders familiarise themselves with different platforms, when to enter and exit trades, and gain some understanding of the various financial instruments.
We have put together a list of brokers who offer copy trading to help you get started.
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.

30. Season Finale: The Most Spectacular Wins and Losses of Forex Trading

In our final episode of Season 1, Alison and Chris look at some of the most successful Forex trades in history... and some of the most disastrous. Tune in to pick up tips from the best traders of all time, and some valuable lessons from the biggest trading losses.
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.

29. Order Types and Risk Management

Understanding different order types is a crucial part of trading. They help traders manage their risk and prevent huge losses when prices move unexpectedly in the wrong direction. In this episode, Chris and Alison cover the basic order types, how they function, and how traders can incorporate them into a trading strategy.
Additional useful info:
https://fxscouts.com/forex-education/what-is-stop-loss-and-take-profit 
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.

28. Demo Accounts: Your Key to Success

Why are demo accounts so important for beginner traders? How bad is it to skip practicing on a demo account? And how is a demo account different from a “real” trading account. In this episode, Alison and Chris dive into the world of demo accounts and share personal stories of past mistakes to help beginner traders get a successful start to their trading careers.
We have also put together a toplist of brokers with the best demo accounts for you.
https://fxscouts.com/forex-brokers/demo-accounts
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.
 

27. A Broker’s Perspective - Interview with Monty Barnard

A special episode this week as Alison and Chris interview Monty Barnard, the COO of Khwezi Trade, one of South Africa's leading Forex brokers since 2013. We chat with Monty about the global changes in the Forex industry and how they have affected South Africa.  We also find out what it's like to run a Forex broker, and how traders have changed, especially over the last tumultuous 6 years.
This is NOT a sponsored episode. Khwezi Trade is a South African broker and partner of ours, and while they are featured on our sites, we have received no financial compensation for this interview. Khwezi Trade has been tested and evaluated objectively according to our guidelines. You can read our review guidelines here, and our review of Khwezi Trade here.
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.

26. Leverage: Success or Disaster

Leverage is a double-edged sword. It's essential for making a profit in Forex trading, but using it recklessly will only lead to disaster. Tune in to find out how leverage works, why it's important, and how to use it wisely. We'll also discuss the difference between leverage and margin and why regulators sometimes restrict the amount of leverage a broker can offer.
A few things mentioned in the episode you may want to check out:
Some more reading on Leverage: https://fxscouts.com/forex-education/what-is-leverage-in-forex-trading/
And our video on Leverage explained on YouTube.: https://www.youtube.com/watch?v=gLnoFMLEYIg&t=116s
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.
 

25. Crypto Trading: The Must Know Basics and Recent Regulatory Changes

Crypto trading has recently come under the scrutiny of some of the world’s top tier regulators. In this episode we cover the basics of crypto trading, the difference between crypto trading and trading crypto CFDs, and what recent regulatory changes mean for you as a trader. Visit FxScouts to learn more and find a regulated broker.
To know more about GoMarkets which Alison mentions at the beginning of this episode, check out their review here.
This episode is also available on YouTube: https://youtu.be/dFwPLvaBo_U 
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.

24. Positional Trading: Time, Strategy and a Lot of Patience

Positional traders tend to ignore short-term price movements and prefer to rely on fundamental analysis​​ and long-term trends. They hold positions for months and sometimes even years. Listen to our podcast to find out more about whether positional trading is the right style for you.
 
For more educational material on Forex trading, checkout our Education section here.
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.

23. Day Trading: What You Need to Know to Seize The Day

Many traders think that day trading and scalping are similar. Although both trading styles do take place within one trading day, there are important differences between the two. In this podcast we discuss the golden rules of day trading and how to go about choosing the best day trading broker.
Watch our video on Day Trading on YouTube
Find more educational content here: https://fxscouts.com/forex-education 
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.