Welcome to The Forex Show - a free trading show covering key topics, Forex analysis, Q&A sessions, and more.
All current episodes are listed below. Just click on the links to watch each episode. The show is entirely free.
Episode 1: The Best Tools for Forex Trading
Episode Summary: Review the best and most essential Forex trading tools.
Episode Notes:
Economic Calendar: A simple calendar is available at Forex Factory. For more experienced traders, I suggest the economic calendar at Trading Economics.
PIP Calculator: I use this one from XM. You will need a PIP calculator if you have a position size feature available on your trading platform.
Charting Software: Your ultimate choice is TradingView. It is also available as a mobile app. If you dislike TradingView, MetaTrader 4 may be your next best option.
Something to take Notes on - Either a desk notepad or note-taking software. I use a desk pad like this.
Performance Tracking Software: Myfxbook and Forex Factory offer free performance tracking software. Alternatively, you can use Excel (or similar) to create results tables and equity curves. I also use Excel to track critical economic data, such as interest and inflation rates.
Recommended Book: 'Come into My Trading Room' by Dr. Alexander Elder.
Answered Questions: How much do you need to start trading? What is the best advice for new traders?
Episode 2: Learn Basic Fundamental Analysis
Episode Summary: Learn the basics of Forex fundamental analysis
Episode Notes:
Interest rates drive the currency markets.
The essential economic figures to track are
Interest rates: Are they hiking, being cut, or pausing
Inflation rates: These will directly impact potential interest rate changes
Unemployment rates, PMI figures, retail sales, GBP growth - These figures indicate the economic health of a country
Learn more about fundamental analysis in my free Forex Fundamental Analysis Course.
Recommended Websites:
Trading Economics - Historic economic data and an economic calendar
Bloomberg TV - Real-time market commentary and news
Answered Questions: n/a