In this episode of Truth About FX, Walter talks about taking trading courses and mapping out your trading system based on how others do. Walter highlights how important it is to know and acknowledge your beliefs and psychological barriers that blocks you from becoming a successful trader and why, while it is good to get…
EP25: Which is the Best Forex Broker?
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…
EP24: What’s the Best Phone App for Trading?
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…
EP23: Should I Take Trading Profits Early?
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…
EP22: When Should I Let Go?
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…
EP21: Should I Use Two Targets vs. One Target and Trailing Stop?
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…
EP20: How does the News Affect your Trading?
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….
EP19: How to Avoid Trading Inconsistency
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…
EP18: Why Get a Paid Trading Education?
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…
EP17: Do Pips Tell The Whole Story?
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…