Truth About Fx

In this episode of Truth About FX, Walter asked which broker is the best forex trader and if he could recommend one. Walter talks about the importance of finding a broker that will allow you to set your own precise lot sizes and how important it is that you know what your powers are and... The post EP25: Which is the Best Forex Broker? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about trading on the go, the best application to use, and whether you should or should not really be trading on your phone. He shares that while it is sometimes good to be able to see the charts almost all the time, it can also cause... The post EP24: What’s the Best Phone App for Trading? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about the disadvantages and dangers of taking profits too early, the importance of arriving at a breakeven, and why you should always keep your trading psychology in check before making these decisions. Download (Duration: 04:16/ 4.90 MB) In This Episode: 00:35 – tempting to do 01:14 – tricky... The post EP23: Should I Take Trading Profits Early? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about cutting losses on trades, controlling and managing trades that are small enough to handle, and whether you should continue to hold on to trades that favors you but are difficult for you to control or not. Download (Duration: 03:29/ 3.99 MB) In This Episode: 00:36 – set... The post EP22: When Should I Let Go? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter discusses about the pros and cons of using two targets alone versus using one target and a trailing stop to maximize profits on the last position. He also points out that it is important to use the method that you are comfortable with and is acceptable within... The post EP21: Should I Use Two Targets vs. One Target and Trailing Stop? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about expectations and how this affect your trading, and when should you — or shouldn’t — rely on current events to anticipate the future. Download (Duration: 03:16/ 3.74 MB) In This Episode: 00:31 – news related 01:38 – pure chart 02:01 – expectations Tweetables: It’s all about expectations.... The post EP20: How does the News Affect your Trading? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about trading inconsistency and the dangers that could come along with it, how subconscious things affect your trading decisiveness, and the importance of knowing what you really want. He also touches on the psychological aspect of trading and shares some tips that can help you avoid... The post EP19: How to Avoid Trading Inconsistency appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about the pros and cons of getting a paid trading education course versus going online and searching the internet for free modules and forums. Walter highlights that while googling training modules can definitely save you money, having professional advice from experienced traders is still the best... The post EP18: Why Get a Paid Trading Education? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about pips and how traders mistakenly see them as a basis for a good trading result. He also talks about the importance of understanding risk/rewards and how it all boils down to the kind of system that you have and trading psychology. Download (Duration: 02:48/ 3.20 MB) In... The post EP17: Do Pips Tell The Whole Story? appeared first on Truth About Forex Trading Podcast.

In this episode of TAFX, Walter shares how he started in trading and how long it took him to be able to trade fulltime. He also shares some important tips on when should you decide to take trading as a fulltime occupation. Download (Duration: 03:34/ 4.10 MB) In This Episode: 00:46 break even trader 01:43 biggest hurdle... The post EP16: When Can I Go Pro as a Forex Trader? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about the advantages and disadvantages of using trade copying services like eToro and Amaya FX. He also gives some advices about hooking up your account to another trader and having a tested technology that can hold it up for you. Download (Duration: 05:23/ 6.17 MB) In This Episode:... The post EP15: Forex Trade Copiers appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about how to take advantage of other trading opportunities even if you don’t want to trade forex for yourself. He outlines several options like having a person who has good track record and tested trading system as a trading partner. Hugh also shares his recent experience... The post EP14: How to Diversify Your Trading by Hiring Other Traders appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter explains that while some might consider the fact that other forex related services do not accept US clients as dishonesty, it’s really just a business decision. Many brokers consider USA clients “second class” traders because of the regulations involved on USA forex trading accounts. Download (Duration: 02:40/ 3.06 MB)... The post EP13: Are US Citizens “Second-Class” Traders? appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter talks about trading in multiple markets and how beliefs can affect a trader in making decisions. Also, Walter shares the story of a trader in Nicola and how her experience can inspire other traders. Download (Duration: 05:46/ 6.61 MB) In This Episode: 00:48 – multiple markets 02:19 – simple... The post EP12: How to Profit with Multiple Markets appeared first on Truth About Forex Trading Podcast.

In this episode of Truth About FX, Walter answers a common question: does my broker trade against me? Also, he digs into the different types of brokers, how knowing what type of trader you are can help you choose the right broker for you, and the advantages of having multiple brokers. Download (Duration: 07:55/ 9.07 MB) In... The post EP11: Is My Broker Trading Against Me? appeared first on Truth About Forex Trading Podcast.

Over trading can be one of the most dangerous things in forex trading. In this episode of Truth About FX, Walter talks about over trading and shares some useful tips on how to tackle it. Download (Duration: 02:43/ 3.12 MB) In This Episode: 00:54 – tripled our account 01:13 – over trading 01:38 – trading partner... The post EP10: How to Manage Over Trading in Forex appeared first on Truth About Forex Trading Podcast.

Profit is the most basic goal in entering any kind of business. In this episode of Turth About FX, Walter talks about two ways on how to maximize your profits from a good trend and how they can help you survive in trading. Download (Duration: 02:56/ 3.36 MB) In This Episode 01:03 – turtles trading 02:03 –... The post EP9: How to Maximize Trend Profits in Trading appeared first on Truth About Forex Trading Podcast.

Often times, sticking with a tested game plan is the best way to win. In this episode of Truth About FX, Walter talks about the possible dangers of drastically changing your trading system vs. mastering the system that you have right now and try to look at the big picture. Hugh has a great tip... The post EP8: What are the Dangers of System Hopping? appeared first on Truth About Forex Trading Podcast.

Confidence is a key factor in forex trading. In this episode of Truth About FX, Walter talks about gaining confidence in trading, reward and risk ratio, the danger of getting off-track from your system, and how to cope with a losing streak. Download (Duration: 04:33/ 5.22 MB) In This Episode: 01:05 – minimum profits 01:44 – drawdown... The post EP7: How to Have Confidence in Forex Trading appeared first on Truth About Forex Trading Podcast.

Risk management is one of the key factors every Forex trader should consider carefully. In this episode of Truth About FX, Walter discusses an efficient way to set your lot sizes even if... The post EP6: How to Trade Higher Time Frame Charts appeared first on Truth About Forex Trading Podcast.