In today's episode, we have returning guest, Scott Welsh, who has achieved a remarkable feat in the world of forex trading. He came second in one of the hardest trading competitions, and he's here to share his best-kept Full episode + show notes: https://tradingnut.com/scott-welsh-3/ Key moments - [09:44] If you’re going to be a trend follower, put it on something that trends. - [16:22] If you take a timeless concept, your chances of it working next year are pretty good. - [29:28] When you are using a trending instrument, if you just put maybe 3:1, 4:1, if you generally have a big profit target that’s bigger than your stop; then you don’t have to be too specific. - [48:23] Get someone that you trust and try it or take something long-term that you can handle easily and then just automate it from there. Watch: https://www.youtube.com/watch?v=VHOPBgRFSgA --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related