Let’s Talk Forex with Alison and Chris FxScouts

The popularity of prop trading has exploded in the past few years, but the industry has been engulfed in chaos over the last 6 months. This week, with Alison away, Chris looks at how prop trading works, why it’s so popular, what is causing the troubles besetting the industry, and whether calmer waters are in sight.

Link to Neal Bateman’s interview: https://spoti.fi/4aN4KQM 


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.

This week, Alison and Chris delve into one of the most common yet often misidentified chart patterns: Double Tops. Understanding this pattern can be a powerful tool for predicting future price movements, but misidentifying it can lead to significant losses.

Tune in to learn: 🔍 How to accurately identify double tops 📈 How to effectively incorporate them into your trading strategy 💡 Tips and tricks to avoid common pitfalls

Enhance your trading skills with expert insights and practical advice. Don’t miss out!

Link to Alison’s YouTube video as promised: https://youtu.be/Dx3tiwYcZeg 

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.

This week Alison and Chris take a closer look at two giants of the trading industry. IG and Forex.com have both been around for decades and are trusted by hundreds of thousands of traders around the world. As you might expect, they excel in most areas but there are key differences that make them suitable for different types of trader. Listen in to find out which one best suits you and your trading style.
Our review of Forex.com: https://fxscouts.com/broker/forexcom/
Visit Forex.com: https://fxscouts.com/go/broker/forexcom/signup/ 
Our review of IG: https://fxscouts.com/broker/ig/
Visit IG: https://fxscouts.com/go/broker/ig/signup/ 
 
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.

Flexibility is crucial in forex trading due to the dynamic and unpredictable nature of the currency markets. Prices are influenced by several factors, including economic indicators, geopolitical events, and market sentiment, which can change rapidly. In this episode, Alison and Chris discuss why flexibility is so important in Forex trading and how you can achieve it without taking unnecessary risks.
Link to the Pivot Point video as discussed in this episode: https://youtu.be/jB7dhCn8TBI
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.

Losing his job was the trigger that propelled Neal from beginner to trading coach. Like others in the travel industry, Neal Bateman’s job was put on hold during the pandemic. Seeking ways to make up for the loss of income, he came across Forex trading. Through big wins and hard losses, he stayed the course, educated himself, found a trading coach, and became a full time trader. He now coaches others through their own trading journeys. Neal’s story shows how with determination and hard work anyone can become a successful trader.

You can get in touch with Neal via email: neal@tradingangel.com

A few useful links and a promo code from Trading Angel!

Instagram: https://www.instagram.com/trading_angel?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==
YouTube: https://www.youtube.com/@Trading_Angel
FX Replay: https://fxreplay.com/?via=tradingangel with monthly 15% discount code: ”TradingAngel”




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.

Known as the “commodity currency,” the Aussie dollar has long been recognised for its strong positive correlation with gold. In this episode, we take a deep dive into the correlations of gold and a basket of currencies, and show why through understanding these relationships, you can increase your profit potential, and also hedge your trades effectively. We also cover why the price of gold has sky rocketed in recent months and what its future may hold.


Read this article for more information: https://fxscouts.com/news/whats-driving-golds-meteoric-rise-and-how-long-can-it-continue/
Find a well-regulated gold broker here: https://fxscouts.com/gold-trading-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.