Let’s Talk Forex with Alison and Chris
Business:Investing
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 patterns, and indicators, the 5-3-1 technique allows traders to narrow down the Forex pairs they would like to trade, the trading strategies they want to use, and choose a time of the day to trade.
In this episode, Alison and Chris outline how to define which currency pairs you should choose, how to choose trading strategies that suit your risk appetite and trading style, and how to figure out which time of the day will create the best trading opportunities.
Links as promised in this episode:
https://youtu.be/ZLWvIA-4-O4
https://youtu.be/040sujxN7IE
https://open.spotify.com/episode/4T895k6O7bV3cNVFRjTSDV?si=245bbcab0f774f1f
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.
How to Take Advantage of the Breakout Trading Strategy
A Breakdown of the Best Tools for Trading Analysis
Trading with the experts: Spreadex
Trend trading: The trend is your friend
Forex Sessions: London, NY, Tokyo, Sydney - but which is best for your trading?
Interest Rates and Forex Prices: Will the Fed’s Decision Boost the USD?
A trader’s journey: Trading Angel
Market Sentiment: When following the crowd can backfire
XTB or Pepperstone: Which broker is right for you?
Trading Forex on your phone? The dangers of mobile trading
TradingView: The best trading platform around, but is it worth the cost?
The best technical indicators for short term Forex trading
Trading Forex or Stock CFDs - What's the difference?
Is it possible to trade too cautiously?
Women in Forex: Exploring the gender gap in trading
Scandal! 2023 in Forex Fraud - Season Finale
Placing Smarter Stops
Three Easy Ways to Improve Your Trading
Israel, Hamas, and the Financial Markets
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast