The FXScouts podcast helps beginner Forex traders get the best start to their trading careers. With years of experience in the world of Forex trading and writing broker reviews, we have unique insight into how to start trading, tips and tricks, and advanced trading strategies. Traders can learn from our experience and make better financial decisions. We cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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The FXScouts podcast helps beginner Forex traders get the best start to their trading careers. With years of experience in the world of Forex trading and writing broker reviews, we have unique insight into how to start trading, tips and tricks, and advanced trading strategies. Traders can learn from our experience and make better financial decisions. We cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
144. Why Most Forex Traders Lose (It’s Psychology, Not Strategy)
Let’s Talk Forex with Alison and Chris
17 minutes
2 months ago
144. Why Most Forex Traders Lose (It’s Psychology, Not Strategy)
Most traders do not fail because their systems are bad—they fail because they cannot execute consistently. In this episode of Let’s Talk Forex, Alison and Chris unpack trading psychology, overconfidence, and discipline, showing why your behaviour—not your indicators—usually decides your P/L.
What you will learn:
The myth of the “perfect” strategy and why consistent execution beats brilliance done badly.
The emotions that sabotage traders: fear, greed, FOMO, and the revenge-trading loop—and how to break them.
Overconfidence after hot streaks: size creep, widening stops, and “anticipating” entries.
Practical discipline: a pre-trade checklist, fixed risk rules, daily loss limits, and process metrics that actually improve results.
A simple case study (Trader A vs Trader B) that proves the system wasn’t the problem.
A one-week discipline sprint to tighten your process fast.
Who this is for: Day traders, swing traders, and Forex/CFD traders who want steadier results through better execution, not new indicators.
If this helped, share it with one trader who needs to hear it, and subscribe for more clear, practical trading insights.
You can also watch the YouTube video here: https://www.youtube.com/watch?v=QU5hWzZQb1g
FxScouts Disclaimer:
Trading Forex and CFDs involves significant risk, and between 75–90% of retail traders lose money. Before trading, carefully consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your capital. The information shared in this podcast is provided for educational and informational purposes only and should not be considered investment, tax, or legal advice.
Let’s Talk Forex with Alison and Chris
The FXScouts podcast helps beginner Forex traders get the best start to their trading careers. With years of experience in the world of Forex trading and writing broker reviews, we have unique insight into how to start trading, tips and tricks, and advanced trading strategies. Traders can learn from our experience and make better financial decisions. We cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
