The world of trading has changed dramatically over the past few decades, and with the ability to trade online, many Forex trading tools have been developed to help traders analyse the markets.  Many brokers offer these tools free of charge or they are integrated into the brokers’ trading platforms. In this episode, Alison and Chris discuss four different types of trading tools: Tools for finding trading opportunities Tools for taking the market’s pulse, or for keeping track of market...

It’s another special episode as Alison and Chris sit down with Tom Salmon, MD of Spreadex Trading, one of the UK’s largest trading firms. In this wide-ranging conversation, Tom talks about the advantages of spread betting over CFD trading, why Spreadex linked up with TradingView, the state of the markets in 2024, and how traders can better manage their risk. Episode links: Learn more about Spreadex: https://fxscouts.com/broker/spreadex/ Listen to our episode on TradingView:...

So many traders get caught out trying to predict where the market will go next. This approach is risky and often leads to losses. Trend following is a time-tested strategy that helps traders capitalise on directional market moves and increases your chances of profiting. In this episode, Alison and Chris discuss how to identify a trend and different trend trading strategies. Link to YouTube video mentioned in this episode: https://www.youtube.com/watch?v=QiS9P6ya_Pg&t=6s FxScouts...

Forex trading is a 24-hour business, but it’s divided into the four main sessions. This week Alison and Chris discuss why it’s a bad idea to try and trade them all and how to know where you should focus your energies. Lifestyle, sessions crossovers, assets and data releases all play a major part in this decision so tune in and find out which trading session will suit you best. FxScouts DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you...

This week Alison and Chris preview a week full of interest rate decisions from some of the most important central banks in the world. But the focus is on the US Federal Reserve’s meeting on 20th March 2024 - there’s almost zero chance of a rate cut, but what will the Fed’s forward guidance mean for the EUR/USD and other major pairs? And will it restore some much-needed volatility to the market?  Links as promised: Why are Forex trading volumes so low?:...

A truly inspiring episode this week as Alison and Chris talk to Caroline Rundell, aka Trading Angel (links to her YouTube channel below). Caroline started her trading journey in 2015, with zero knowledge but plenty of hope and determination. Now she’s a professional trader, trading coach - and soon-to-be qualified financial adviser. In a world where the reality of trading is often obscured by social media “experts” with flashy cars and get-rich-quick schemes, Caroline’s story shows how anyone...

This week Alison and Chris talk about market sentiment and why it can be a confusing indicator for many beginners. So, if you find yourself trading against market sentiment, don’t panic! You’re probably right... But listen in to find out why and how you can use sentiment analysis as part of a successful trading strategy. Links: IG Client Sentiment Report: https://www.dailyfx.com/sentiment-report COT Report: https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm Long term trading...

This week, Alison and Chris take a close look at XTB and Pepperstone, two of our highest-rated brokers, and ask which one would work best for you. Both are well-regulated with low trading costs - but once you start digging, it’s obvious that they are suited to different types of traders. Listen in and learn why we rate them so highly and which one you might want to consider if you’re thinking of switching broker. Links as promised in this episode: Pepperstone...

This week Alison and Chris discuss mobile trading apps and whether mobile trading should be part of your trading plan. Mobile trading is everywhere these days, and there are some real benefits to trading apps. But does that mean it should be your primary trading tool? Listen in to learn about the pitfalls of trading on your phone and how to use your trading app effectively. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand...

This week Alison and Chris take a closer look at TradingView. What started out as a charting application with social elements has evolved into a fully-fledged trading platform. It’s modern, easy to use and packed full of useful features - but the free version is very limited, so we also discuss whether the premium versions are worth the cost. The best brokers with TradingView integration: https://fxscouts.com/forex-brokers/tradingview/ DISCLAIMER: 75-90% of retail traders lose money trading...

Technical indicators can seem a bit overwhelming at first, so this week Alison and Chris take a closer look at the most popular technical indicators used in short-term Forex trading and discuss how to use them effectively. Also discussed are how to know when to use the right indicator, and how to avoid the common mistakes traders make when using them. Links: How to use the 200 day Moving Average: https://youtu.be/r-zo-3sRr64What are Moving Averages: https://youtu.be/DOtRb7CQ8msWhat is the...

This week Alison and Chris discuss the difference between trading Forex and trading stock CFDs. While there are some superficial similarities, if you dig a little deeper you find differences in trading hours, leverage, analysis, costs and the risks involved. All this and more is discussed with recommendations for which form of trading might suit you best. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and...

The Forex market is the most active financial market, trading over 7.5 trillion USD per day. Given the level of activity and volatility in this market, a well-planned trading strategy is required to make the most of these opportunities. However, building such a strategy can be challenging for beginners. The 5-3-1 forex trading technique simplifies that. It helps traders develop a clear trading plan for the forex market. Unlike other techniques that focus on trading mechanisms, chart...

Forex trading is a high-risk venture and good risk management is the key to success, but could an over-cautious approach lead to larger losses or prevent you from progressing in your trading? In this episode, Alison and Chris discuss scenarios where traders hold back, only to realise larger losses in the long run, causing untold frustration and damaging their trading psyche. They also discuss ways to manage your trades effectively while risking enough to make them worthwhile. Links to...

In most other areas, the gender gap between men and women is closing, but in the finance sector, the disparity is the largest. Recent data shows that only 16% of new Forex trading clients are women. In this episode, Chris and Alison delve into the reasons behind these surprising statistics and provide some tips for how women can successfully enter the Forex trading space. Women in Trading: Caroline Rundell: Trading Angel - on Tik Tok Emily: Mindfully Trading...

In the final episode of 2023, Alison and Chris look back at some of the year’s biggest Forex trading scandals. From hedge fund bosses trying to manipulate the South African Rand, to prop trading firms fleecing their own traders - there’s always someone willing to cheat in order to make more money. We’ll be back in the second week of January, so wishing you call a wonderful festive period. To avoid being scammed or to learn what to do if you think you have been scammed, please read mroe here:...

The primary goal of any trader is to risk as little as possible to make as much as possible. And one of the most effective tools to achieve that is proper stop-loss positioning. So, how do you set a stop-loss that aligns with this objective? In this episode, Alison and Chris provide practical advice for setting stops that are neither too tight or too wide and those that avoid the typical crowded levels. DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should...

The 80/20 rule says that 80% of your results come from 20% of your actions – this is a widely accepted principle in many areas of our daily lives and business. The same applies in trading, 80% of your profits will come from 20% of your trades. Most traders think that to improve their trading performance, they will have to spend months refining and testing out new strategies. However, often small tweaks and changes to their current strategy can make a huge difference to their bottom line. In...

On Saturday, 7th October, Hamas launched a massive attack into southern Israel from its stronghold in the Gaza strip. Because Israel was caught by surprise, so was the world – and consequentially the global financial markets. The market reaction so far has been almost exactly as any fundamental analyst would expect, though with some interesting variations. In this episode, Alison and Chris launch into an in-depth analysis of how the Middle East conflict is affecting various currencies and...

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...

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...

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...

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...

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:...

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...