In this episode of Truth About FX, Walter digs into probably one of the biggest mistake even professional traders make. Are mistakes made because of worrying about entering in the right direction or the inherent human need to always make the right decisions? Walter shares some sharp points on proper execution and avoid placing your…
EP129: How to “Customize” Your Trading System
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…
EP128: What is “Scalping” in Forex Trading?
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…
EP127: Should I Scale Out of My Position?
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…
EP126: Automated Forex Trading: How Quickly Do They Lose Their Edge?
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…
EP125: How do You Know if it’s a Win?
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:…
EP124: What is a “Successful Trader”?
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…
EP123: Naked Forex Now: Latest Trends In Fx Trading
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…
EP122: What Should a Trader be Mentally Prepared For?
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:…
EP121: Forex Trading: Pros and Cons
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…