Truth About Fx

In this episode of Truth About FX, Walter digs into trading systems and how important it is to know your personality first and cognitive biases before you go “systems shopping”, especially when you’re just starting out. Should you stick to one system or experiment on different ones? Hugh opens another perspective in scalping… And when... The post EP129: How to “Customize” Your Trading System appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into the scalper trader, techniques…And whether this is actually good for you, psychologically? What is the number one thing that you should keep in check when using this and how do you know based on your biases. Download (Duration: 03:29 / 4.00 MB) In This Episode: 00:41... The post EP128: What is “Scalping” in Forex Trading? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter probes into trading positions and scaling these into different targets. Should you go for close targets or choose the further ones? According to Walter, it really boils down to the targets you’re willing to take and the stops you want to make. He also gives some great... The post EP127: Should I Scale Out of My Position? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into automated forex trading. According to him, there is no exact answer to the question “until when?” Instead, he dives deep into your trading strategy, signals, drawdowns, and historical data. Walter also shares an interesting story about a friend and some of the most useful lessons... The post EP126: Automated Forex Trading: How Quickly Do They Lose Their Edge? appeared first on Truth About Forex Trading Podcast.

How do you know if a trade is a winner?… Well, you don’t. In this episode of Truth About FX, Walter talks about support and resistance lines and how to tell if the market has reached the level. What signals should you use when turning that alarm on and when should you use them? Download (Duration:... The post EP125: How do You Know if it’s a Win? appeared first on Truth About Forex Trading Podcast.

Would you do anything for money? In this episode of Truth About FX, Walter digs into what really makes a trader successful. Is it the money or driving a brand new Ferrari? According to Walter, having this one key element can define a trader’s success or failure. He tackles the importance of understanding risk and... The post EP124: What is a “Successful Trader”? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about using automated tools in forex trading systems. Is it reliable? How “automated” should it be? He also digs into the latest trends in forex trading and some of the most successful traders that are using them. Download (Duration: 02:38 / 3.02 MB) In This Episode: 00:52... The post EP123: Naked Forex Now: Latest Trends In Fx Trading appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter breaks down some of the stickiest situation every trader (whether you’re a noob or a pro) should be prepared for… And how to have the right mindset to get past them. He shares a “special email” from a friend and how you can benefit from this. Download (Duration:... The post EP122: What Should a Trader be Mentally Prepared For? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into probably the one of the most asked questions in forex trading: what are the pros and cons of trading live? He talks about the positive and negative aspect of different trading types, in general, and what might be the most beneficial for you in terms... The post EP121: Forex Trading: Pros and Cons appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter walks you through using fundamental analysis in “predicting” future shifts in interest rates — from a technical trader’s view — and how you can take advantage of expectations. He takes the example of an important political figure’s speech that changed the anticipation towards GBP and how this... The post EP120: Is There A Secret Sauce to Fundamental Trading? appeared first on Truth About Forex Trading Podcast.

In this episode, Walter digs into finding the “best timeframe” for placing a trade — or is there even one? According to him, looking for this is like looking for the “perfect” wife. You will also find out here how to confirm if you’re on the right charts. And, when it comes to “push or... The post EP119: Best Timeframe for Trading? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into naked strategies and how they could be used for binary options — or is this even viable? You will find out in this episode why trading binary options is like riding through the wild, wild west… and how it all may seem like a shiny... The post EP118: Naked Trading Strategies for Binary Options appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter answers whether having a Finance Degree would matter in learning how to trade forex. Is it an advantage or would it hurt you? Walter also talks about “copying” trading system from “trading gurus” and why we can’t be all Tiger Woods or Roger Federer. Download (Duration: 04:49 /... The post EP117: Does Having A Finance Degree Help in Forex Trading? appeared first on Truth About Forex Trading Podcast.

What’s the best predictors of who wins the superbowl? In this episode of Truth About FX, Walter digs into predicting the market direction — or is it really possible? He talks about managing your trades rather than trying to “anticipate” the market. So, how do you know what is going on with the markets while... The post EP116: How to Predict Forex Market Direction appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into catching the correct support and resistance lines — or is there really one? According to Walter, it really depends on what your goal is and your biases. What is the most important thing to keep in mind when “tracking” your support and resistance? Does the... The post EP115: How to Find the Best Support and Resistance Levels appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter gives some key points on how to achieve same results by using either swing trading or long term trading — or this is even possible. What are the different ways that you can sustain day trading while sticking to your lifestyle? He digs into testing and switching... The post EP114: Swing and Long Term Trading: Achieving Same Results appeared first on Truth About Forex Trading Podcast.

Do you know the best way to avoid over-trading? In this episode of Truth About FX, Walter digs into one of the most common problems even seasoned traders bump into: over-trading and over-leveraging. He points out two main points that will help you solve this. He also shares an interesting video about moving average crossover... The post EP113: How to Resist “Winning Streak” Temptation appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into an interesting way of growing your $300 budget using a simple trading strategy. According to him, turning your hundred dollars into a kick-ass trading system is like getting over a snake phobia — or whatever fear you have. And, did you know that boring yourself... The post EP112: What’s Possible With a 300 Dollar Forex Trading Account? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter digs into developing your trading confidence and getting the best juices out from backtesting your system. How it pays to be patient with the charts and wait for the right signals to come. You will also find here an interesting story about a lion hunting in the... The post EP111: Looking for the “Perfect” System appeared first on Truth About Forex Trading Podcast.

Do you really need to know every trading system to be profitable? In this episode of Truth About FX, Walter digs into finding the most consistently profitable system — and is there really one? He talks about how this might differ depending on your perception of the markets. He also talks about the Big Shadows... The post EP110: What’s the Most Consistently Profitable Forex Trading System? appeared first on Truth About Forex Trading Podcast.