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…
EP15: Forex Trade Copiers
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:…
EP14: How to Diversify Your Trading by Hiring Other Traders
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…
EP13: Are US Citizens “Second-Class” Traders?
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)…
EP12: How to Profit with Multiple Markets
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…
EP11: Is My Broker Trading Against Me?
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…
EP10: How to Manage Over Trading in Forex
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…
EP9: How to Maximize Trend Profits in Trading
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 –…
EP8: What are the Dangers of System Hopping?
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…
EP7: How to Have Confidence in Forex Trading
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…