7 Forex Podcasts Worth Checking Out | The5%ers Forex Blog (2024)

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Forex Podcasts

If you love the world of forex trading then there are lots of ways you can get info about it online, such as social media channels, YouTube, etc… they give you up-the-minute tips that you can put to good use.Another amazing learning tool is forex podcasts. There are lots of forex podcasts out there, and you can use them to learn during your downtime.

Here are some of the most helpful podcasts out there right now that worth checking and listening to.

Chat With Traders

This is one of the most popular podcasts out there right now, and rightly so. Hosted by Aaron Fifield, you’ll be able to glean tips and ideas from traders of all levels and experiences. He interviews different traders every week, giving you lots of insight into how trading works.

‘It’s a great way to get to grips with the trading scene as a whole, especially if you’re new to it,’ says Michelle Powers, a writer at UKWritings and Elite Assignment Help. ‘You can start listening right now and pick up plenty of tips to help you get started.’

Forex Beginner

This podcast is hosted by Calvin, whose goal is to become financially free. To do this, he has got into forex trading and is learning about the scene as he goes. If you also want to reach this goal, this is a great podcast to listen to.

Calvin documents what he learns in every episode, breaking down the trades he’s made this week and what he’s learned from them. It’s an invaluable tool as it shows you what you can learn from the entire process.

Online Forex Trading Course

Want to learn about trading from an experienced trader? You can listen to this forex podcast, hosted by Andrew Mitchem. He’s been in the game for 10 years and has a strategy that works across all currency pairs, time frames, and times of day.

His show is helpful to both those who are new to forex trading and those who want to develop new strategies. Either way, you can tune in to see what an experienced trader can offer you.

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Desire To Trade

This forex podcast is developed for all potential forex traders who want to get more freedom in their lives. Host Etienne Crete interviews traders worldwide, looking into what makes them successful and how they have managed to build up their portfolios.

It’s another interview-style podcast that’s well worth checking out, as getting context from other traders is always helpful. You can learn a lot from them and apply their methods to your own trading.

FX Talk Forex Podcast

This podcast focuses on how different currencies fluctuate and why this happens. You need to know about it as a forex trader, so listening to this podcast will give you some real insight into why this happens.

Three different financial market analysts update you every week on the news in forex trading and its effect on the market as a whole. As such, you’ll have plenty of information for when you make your trading decisions.

The Trading Coach

Here’s another podcast for those starting in forex trading and needing some guidance. Akil Stokes is an established trader and coach, and in his podcast, he covers trading, investing, personal development, and entrepreneurship.

‘You’ll get plenty of professional insights by listening to this podcast,’ says finance blogger Keenan Miles, a finance blogger with Revieweal and Best Essays. ‘It’s one to check out if you’re just starting and need some ideas as to where to begin trading.’

Two Blokes Trading

This forex podcast is very accessible to beginners. As the name implies, it’s two guys who have friendly chats about forex trading and everything that’s happening in this area right now. They cover everything from picking a broker to regulation and government interference and the methods they’re using right now.

The best thing about this podcast is that it’s framed as a friendly chat between two people. Trading can feel relatively dry and complicated, so they’ve put that info out there in a way that won’t be confusing for those starting out. If you’re looking for something that will put you on the right path, this is the podcast for you.

Forex Podcasts – Bottom Line

These are just some of the best forex trading podcasts out there right now. If you want to dip your toes into the world of forex trading podcasts, then these are the ones you can start with. Whether you’re new to trading and need a hand or are experienced and want to keep developing, you’re going to find helpful material to you here.

Emily Henry is a writer with Essay Help and College Assignment Help. She covers podcasts and podcast news. She’s also a tutor with Best essay writing services.

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7 Forex Podcasts Worth Checking Out | The5%ers Forex Blog (2024)

FAQs

7 Forex Podcasts Worth Checking Out | The5%ers Forex Blog? ›

The Bottom Line

Averaging down, reactive trading to market news and volatility, having exceedingly high expectations, and risking too much capital are common mistakes.

What is the number one mistake forex traders make? ›

The Bottom Line

Averaging down, reactive trading to market news and volatility, having exceedingly high expectations, and risking too much capital are common mistakes.

Has anyone gotten rich from forex? ›

One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

How many people pass prop challenges? ›

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Which prop firm got shut down? ›

True Forex Funds has ended its operations and announced plans to permanently close due to financial insolvency. According to a statement on the proprietary trading platform's official website, the firm was unable to improve its financial situation, leading to the discontinuation of its services.

Why 90% of forex traders lose money? ›

It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk. For example, at a 100:1 leverage (a rather common leverage ratio), it only takes a -1% change in price to result in a 100% loss.

What's the hardest mistake to avoid while trading? ›

The Most Common Trading Mistakes that Turn Traders into Gamblers
  • Emotion is the trader's worst enemy. ...
  • Unrealistic expectations. ...
  • Trading without a trading plan. ...
  • Failure to cut losses. ...
  • Risking more than you can afford. ...
  • Reward/risk ratios. ...
  • Averaging down or adding to a losing position. ...
  • Leveraging too much.
Mar 31, 2023

How do I turn $100 into $1000 in forex? ›

How to Grow Your 100 Dollar Forex Account From $100 to $1000
  1. Save up and start with at least $100 in your account.
  2. Use a broker that has low fees.
  3. Use leverage effectively.
  4. Consider using a robo-advisor to automate your Forex trades.
  5. Diversify your portfolio by investing in different currency pairs.

Is forex hard to make a living off? ›

The Truth About Making a Living Trading Forex

While it is possible to generate significant profits, it requires hard work, discipline, and continuous learning. Many successful traders spend years honing their skills and strategies before achieving consistent profitability.

Who is the greatest forex trader of all time? ›

George Soros

He is considered one of the most successful forex traders in history, earning him the nickname "The King of Forex." Soros is known for his bold and aggressive trading style, which has led to some of the biggest gains in currency trading.

Is FTMO hard to pass? ›

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

Which prop firm is the best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

What happens if you lose prop firm money? ›

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this "challenge." If you lose money during this evaluation, you won't owe anything beyond the initial fee.

Why did the Funded Trader get shut down? ›

Leading up to the shutdown, TFT was also suspended from major prop firm comparison sites. The online network PropFirmMatch.com suspended The Funded Trader after complaints on TrustPilot and social media. Specifically, the firm was accused of regularly missing or denying trader payouts.

Why was myForexfunds shut down? ›

Why was My Forex Funds shut down? The CFTC closed MFF's accounts due to their allegation that MFF was defrauding its clients by actively trying to prevent them from becoming funded traders, while promising the opposite.

Is the funded trader gone? ›

The Funded Trader suspended its operations on March 28, citing temporary reasons. It pledged to relaunch services after 21 days, even featuring a countdown on the website.

What is the biggest risk in forex trading? ›

What are the risks of forex trading? There are two main risk factors that come with forex trading: volatility and margin. Let's examine what each is in turn, before we take a look at how to mitigate them.

What is the number one rule in forex trading? ›

Rule 1: Education Is Key

Before diving into the world of forex trading, invest time in education. Learn about the forex market, how it operates, the various trading strategies, and technical and fundamental analysis. Continuous learning will help you make informed decisions and develop effective trading strategies.

Why do 95 of forex traders fail? ›

Inadequate Risk Management: A common reason for failure is not managing risk effectively. This includes investing too much capital in one position, not setting stop-loss limits, or failing to diversify. Poor risk management can lead to substantial losses, especially in volatile markets.

What percent of forex traders fail? ›

According to research, the consensus in the forex market is that around 70% to 80% of all beginner forex traders lose money, get disappointed, and quit. Generally, 80% of all-day traders tend to quit within the first two years.

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