Let’s Talk Forex with Alison and Chris

Forex trading psychology can have a major impact on how well you follow your trading plan. In this episode of Let’s Talk Forex, we look at four emotions that commonly influence traders: fear, greed, FOMO and revenge trading.

We explain how fear can lead to closing trades too early, why greed can change your risk and profit targets, how FOMO creates pressure to chase price, and why revenge trading can turn a loss into an emotional decision.

We also introduce the PAUSE framework, a practical five-step process for recognising emotional decisions before they become actions. We cover position sizing, loss limits, journaling, and how to distinguish a genuine change in your setup from a change in your emotional state.

Finally, we explain why good trading psychology isn't about becoming emotionless. It's about building a process that helps you make more disciplined decisions when those emotions inevitably appear.
 
Watch the full episode here: https://youtu.be/D2tlY9hTXbs 
And try our FREE Trading Journal Here: https://bit.ly/3TRNNSN 
 

FxScouts Disclaimer

Forex and CFD trading involves significant risk, and you may lose money rapidly due to leverage. Make sure you understand how these products work and whether you can afford the risk of loss.

The information in Let's Talk Forex is for educational and informational purposes only and does not constitute investment, financial, legal, or tax advice. Past performance is not a reliable indicator of future results.

Is risking 1% per trade enough to manage your Forex trading risk? In this episode, we explain why effective risk management goes far beyond choosing a percentage and placing a stop loss. We break down position sizing, stop-loss placement, risk-to-reward ratios, correlated exposure, daily loss limits and drawdowns, including how to calculate position size based on your stop distance rather than forcing your stop to fit a predetermined lot size. You’ll also see why a 2:1 risk-reward ratio doesn’t automatically make a trade worthwhile, how larger drawdowns become increasingly difficult to recover from, and why total account exposure matters when you have multiple positions open. Finally, we run through a practical pre-trade risk checklist designed to bring more structure and consistency to your trading decisions.

Watch the episode on YouTube here!

And please try out out Free Trading Journal here!

FxScouts Disclaimer

Forex and CFD trading involves significant risk, and you may lose money rapidly due to leverage. Make sure you understand how these products work and whether you can afford the risk of loss.

The information in Let's Talk Forex is for educational and informational purposes only and does not constitute investment, financial, legal, or tax advice. Past performance is not a reliable indicator of future results.

How do you read Forex market structure across different timeframes? In this episode of Let’s Talk Forex, we break down swing highs and lows, uptrends, downtrends, ranges and breakouts to show how price structure can help you understand what the market is actually doing.

We explain how to identify higher highs, higher lows, lower highs and lower lows, how to distinguish a trend from a range-bound market, and why breakout confirmation matters. We also cover multi-timeframe analysis and how higher and lower timeframes can show very different parts of the same price move.

Using a practical EUR/USD example, we walk through range breakouts, retests and invalidation, before covering some of the most common market structure mistakes traders make. You’ll also get a simple five-step process for analysing a chart more consistently.

Watch the episode on YouTube here!

And please try out out Free Trading Journal here!

FxScouts Disclaimer

Forex and CFD trading involves significant risk, and you may lose money rapidly due to leverage. Make sure you understand how these products work and whether you can afford the risk of loss.

The information in Let's Talk Forex is for educational and informational purposes only and does not constitute investment, financial, legal, or tax advice. Past performance is not a reliable indicator of future results.

Why do so many Forex traders fail to become consistently profitable? The problem is often not a lack of Forex trading strategies or technical analysis, but unrealistic expectations, poor risk management, weak trading discipline and the absence of a repeatable trading process.

In the first Let's Talk Forex episode of the new season, we break down four common problems that can hold Forex traders back and explain what process-led traders do differently.

We discuss why setting unrealistic profit expectations can lead to overtrading, how excessive risk and leverage can change your decision-making, why trading discipline becomes most important when you're under pressure, and how to build a repeatable process that can actually be measured and improved.

We also look at the importance of trading psychology, capital preservation, position sizing, drawdowns and trading journals — including why judging your performance from one winning or losing trade can give you a completely false picture of your trading.

Watch the episode on YouTube here: https://bit.ly/4hzOlGB 

And sign up for our FREE Trading Journal here: https://bit.ly/3TRNNSN 

FxScouts Disclaimer

Forex and CFD trading involves significant risk, and you may lose money rapidly due to leverage. Make sure you understand how these products work and whether you can afford the risk of loss.

The information in Let's Talk Forex is for educational and informational purposes only and does not constitute investment, financial, legal, or tax advice. Past performance is not a reliable indicator of future results.

Every year, traders and investors lose millions to financial scams, insider trading schemes, fake AI trading bots, and market manipulation. The question is: could you spot the warning signs before it's too late?

In the season final of Let's Talk Forex, we break down some of the biggest trading scams and financial scandals of 2026 so far. From insider trading on prediction markets and allegations involving confidential information to AI-powered investment scams and cherry-picking in professional asset management, we explain what happened, why it matters, and most importantly, how you can avoid falling into similar traps.

In this episode, we cover:
● How prediction markets can create new insider trading risks
● Why guaranteed returns are one of the biggest red flags in trading
● How AI trading bot scams really work
● What cherry-picking means in professional money management
● How scammers use urgency, hype, and unrealistic promises
● Practical steps every trader can take to protect themselves

Whether you trade Forex, stocks, crypto, CFDs, or simply invest in financial markets, understanding these scams can help you make better decisions and avoid costly mistakes.

Watch the episode on YouTube 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 whether 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.