Fund Your Retirement Podcast

Welcome to part six of this mini-series on strategy and methodology in currency investing. According to google a strategy simply means a plan of action designed to achieve a long-term or overall aim. A strategy in the world of currency investing is a process of buying and selling financial instruments based on a predefined set of rules And a methodology means a system of methods used in particular area of study or activity. A methodology in the world of currency investing is the approach or combination of approaches you use to study the markets, examples being: Technical analysis Fundamental analysis Seasonality Sentiment Day trading Position trading or swing trading Day trading as it implies is the opening and closing of positions each day whereas position or swing trading is opening positions and holding that position for multiple days, weeks even months. Time stamps as follows: 0:00 to 0:55 Introduction. 0:56 to 1:35 Quick recap on last weeks episode on risk management and introduction to next week’s episode. 1:36 to 2:39 What is a strategy and methodology in currency investing. 2:40 to 3:00 What is day trading and swing trading. 3:01 to 4:08 The different timeframes and the meaning in currency investing. 4:09 to 6:00 Day trading strategy and methodology. 6:01 to 8:08 Swing or position trading strategy and methodology. 8:09 to 9:00 Differences between swing and day trading. 9:01 to 10:34 How to get started. 10:35 to 11:25 Recap and introduction to next week’s session 11:26 to 12:00 Wrap up Hope you have a wonderful day, The FYR team. Resources: Guide To Funding Your Retirement Speak to a Financial Adviser Trading For Retirement Community and Academy Fund Your Retirement Knowledge Area  Fund Your Retirement E-book

Welcome to part five of this mini-series on currency investing, and quite possibly the most important one of them all, risk management is also known as money management. Quite simply, money management in currency investing describes the various aspects of managing the amount of money you risk and the return on investment you make. If you don’t fully understand the implications of money management as well as how to implement money management techniques, you should not be investing, period. The most important aspects of money management are: Risk to reward Position sizing The fixed pound strategy vs. fixed percentage strategy Time stamps as follows: 0:00 to 0:42 Introduction. 0:43 to 1:24 Quick review of the mini-series part one to part four. 1:25 to 1:57 What is money management in currency investing. 1:58 to 2:19 Technical jargon on the meaning of a pip. 2:20 to 2:58 The fixed percentage per pip strategy. 2:59 to 3:39 The fixed amount per pip strategy. 3:40 to 5:30 Risk to reward strategy. 5:31 to 6:05 Next week’s topic strategy and methodology.  6:05 to 6:43 Examples of wealth-creating endeavours which carry risk. 6:44 to 7:36 Wrap up. Hope you have a wonderful day, The FYR team. Resources: Guide To Funding Your Retirement Speak to a Financial Adviser Fund Your Retirement Knowledge Area   

How to analyse the currency markets, part four of this mini-series on currency investing. During this episode we cover the very important topics of: Technical Analysis Fundamental Analysis Sentiment Analysis Seasonality For the inexperienced trader, market analysis can create a chaotic and muddled picture, because different traders given the same financial data, may come to different conclusions and react to the market in entirely different ways.  There are traders and investors who only use fundamentals or technicals and will swear by them but there are many more who use a combination of the two or all four to gain an insight into an asset’s likely price direction. Time stamps as follows: 0:00 to 0:51 Introduction. 0:52 to 1:15 Review of last week’s episode with fund manager Mike Andrews. 1:16 to 1:57 Two main approaches to currency investing. 1:58 to 3:49 What is technical analysis. 3:50 to 5:08 What is fundamental analysis. 5:09 to 6:00 What is sentiment analysis. 6:01 to 7:51 What is seasonality. 7:52 to 8:33 For the inexperienced trader or investor. 8:33 to 8:55 Touching on risk management. 8:55 to 10:09 Wrap up Hope you have a wonderful day. The FYR team. Resources: Guide To Funding Your Retirement Speak to a Financial Adviser Trading For Retirement Community and Academy Fund Your Retirement Knowledge Area Fund Your Retirement E-book  

Welcome to part three of this mini-series on currency investing, in this episode we will be covering the very important topics of How the brain learns and can be re-wired with new skills, habit, and behaviours Thinking in probability analysis And the four key traits to foster success in the markets The understanding of why the currency markets move is obviously of paramount importance. Still, too many people jump into the trap of thinking about much money they are going to make instead of understanding what they are doing it first. Today’s episode is a continuation of expanding that understanding as we dive deep into the importance of the mind. The psychological aspect of trading or investing has a far greater impact on success than many realise. It’s not just in the financial world either that the mind plays an important role, in business, in sports, and in everyday life, the mind has a huge impact on how we view the world around us and how we interact with that world......which includes the chart of EUR/USD, a chart of Gold or the stock ticker of Apple. 0:00 to 1:00 Introduction. 1:01 to 1:38 The importance of psychology and the mindset. 1:39 to 2:30 Accepting losses or failures, and how to move forward. 2:31 to 4:05 How the brain re-wires itself to learn a new skill or change an unwanted habit. 4:06 to 6:46 Embracing probability thinking. 6:47 to 8:35 Four key traits, discipline, dedication, follow the rules, and a positive mindset. 8:36 to 10:12 Review and wrap up Have a wonderful day. The FYR team. Resources: Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

Welcome to part two of this mini-series on currency investing, in this episode we will be covering the very important topics of The size of the currency markets and the meaning of market liquidity. Who uses the currency markets and why? The fundamentals and how they impact currency valuation. In the last episode part one of currency investing, we covered the basic principles of why currency prices rise and fall, how we profit from arising as well as falling currency market, and the different currency pairs, the majors, minors, and the cross pairs. Hopefully, the episode helped you understand a little more about the biggest and deepest pool of financial capital on the planet. Timestamps: 0:00 to 1:05 Introduction. 1:06 to 1:32 Size of the currency markets. 1:33 to 2:33 What is market liquidity and why it is important. 2:34 to 3:03 Peak liquidity in the currency markets. 3:04 to 3:58 Who uses the currency markets and why. 3:59 to 4:43 How central bank policies effects currency valuations. 4:44 to 5:49 What is fundamental analysis in the currency markets. 5:49 to 7:26 Discussing next week’s episode and wrap up. Have a wonderful day. The FYR team. Resources: Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

Currency investing basics, part one has been created to expand your Financial IQ covering the basic principles of investing in the foreign exchange markets. As with any free market, the basic premise is supply and demand; when an abundance of investors buys a currency, a shortage of the currency is created, increasing the value and price.  When they sell a currency, an oversupply is created, causing the demand for the currency to decrease, suppressing its price and value.  The first step is to think of trading and investing as a business, and it’s not a get rich quick scheme. There is no short cut if you need quick money; this isn’t the place for you. Time stamps: 0:00 to 1:13 Introduction. 1:14 to 2:15 The new normal and Funding Your Retirement. 2:16 to 3:20 Investing and trading is a business, free markets, and supply and demand. 3:21 to 4:15 Basic principles of why a currency chart rises and falls. 4:16 to 5:13 An everyday example od using the currency markets. 5:14 to 6:06 The different currency pairs and cross pairs. 6:07 to 8:12 Profiting from a rising and falling currency pair. 8:13 to 9:21 Investing and trading are like running a business, and casinos are where you go to gamble. 9:20 to 10:36 Wrap up. Have a wonderful day. The FYR team. Resources: Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

Hywel joined us for episode 10 discussing business planning, how covid-19 has affected the business environment and the growth and success of online business networking. One area we touched on was creating a solid business foundation, which to me, is so crucial for setting up a successful business, so I asked Hywel to come back on and expand on the areas required for a solid business foundation. 0:00 to  1:30 Introduction. 1:31 to 2:20 How Hywel’s consultancy business has been getting back to the new normal. 2:21 to 6:38 Building a business on a solid foundation. 6:40 to 8:31 Underatsning what your mission and vision are and the difference between them. 8:32 to 10:49 The acceleration towards an entrepreneurial economy. 10:50 to 12:05 The rise of Hywel, the influencer and the influencer market. 12:06 to 15:56 Trending on Linkedin, topics, hashtags and how to. 15:57 to 18:56 The importance of a one to one 18:57 to 21:09 Wrap up Have a wonderful day, The FYR team. Resources: APD Business Resolutions Website Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

During this episode, we are delighted to have Paul Pattison on the show. Paul is a Husband, a farther, a landlord, an offshore oil and gas worker, a currency trader, and an entrepreneur with a successful business, Kilted Coffee, which he set up in 2018 with his wife. Paul and his wife are both lovers of coffee and they noticed a gap in the market, the lack of excellent coffee in their home town and the demand for tasty, speciality coffee from their friends and the wider community. They researched the possibility of importing speciality coffee and what was required for the distribution; they assessed the numbers and created a business plan and launched Kilted coffee in 2018, and today it is a thriving little business. I wanted to bring Paul on the show because I believe business start-ups and entrepreneurship will explode over the next ten years. Paul has created a lovely little business while working full time, which is what this show is all about. 0:00 to 1:30 Introduction to Paul and Kikted Coffee. 1:31 to 4:47 When Paul started in the O&G industry and his offshore journey. 4:48 to 8:35 Where Paul's entrepreneurial spark came from. 8:36 to 9:30 When Paul's trading journey began and the mind-set. 9:31 to 10:20 Creating the business plan and assessing the risk of setting up a business. 10:21 to 12:21 Presenting the business plan to potential investors and crunching the numbers. 12:22 to 14:27 Paul's perception of debt and making money work for him. 14:28 to 17:05  Intelligence, trading, drive and passion. 17:06 to 19:25 Advice on getting started in business, where to begin. 19:26 to 20:21 Doing market research for Kilted Coffee and fro any new business idea. 20:22 to 21:40 Good advice on having a professional accountant assess your business numbers. 21:41 to 25:35 The best distribution channels for building Kilted Coffee. 25:36 to 28:05 How the right people showed up at the right time. 28:06 to 33:29 Kilted Coffees philosophy, the coffee farmers, ethics, training and where to find a sample. 34:06 to 35:59 Wrap up. Have a wonderful day, The FYR team. Resources: Kilted Coffee Website  Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

How we quantify and assess risk is individual and has a different meaning for each of us, our appetite for risk is based mainly on the environment we grew up in, our parents and society at large.  The word risk, according to the English dictionary is a situation involving exposure to danger    As someone who is continuously assessing financial risk in the currency and commodity markets, it got me thinking about risk in a wider context, on a daily basis, the wider society and what is the difference in how people assess risk.   Driving a car is risky  Buying a property to rent it out is risky    Starting a business is risky    The financial markets are risky    Relying on an employer as your only source of income is risky    At present, we currently live in a world where stepping outside your front door is risky   Funding your retirement is risky    Would you agree that doing nothing is also risky    We can never remove the risk, but we can mitigate it, we can increase our risk tolerance and perception of risk through research and education, through opening up to new ideas and possibilities, through taking positive action.  0:00 to 1:00 Introduction to risk.   1:01 to 2:55 Accepting everyday risk when we drive our car.   2:66 to 3:05 How we quantify as an individual.   3:06 to 3:29 List of risky endeavours to fund your retirement.   3:30 to 5:38 How we manage risk in the currency and commodity markets using gold as an example.   5:39 to 6:12 Financial markets and human nature.   6:13 to 6:50 Failing to take action towards avoiding old age poverty doesn’t remove the risk it just offsets it to a later date or on to someone else.  6:51 to 8:10 Introducing next week's guest Paul, a budding entrepreneur who set up a successful coffee business in 2018  8:11 to 8:48 Wrap up   Have a wonderful day,  The FYR team.  Resources:  Knowledge Area   Trading For Retirement Community and Training Guide To Funding Your Retirement 

During this episode, I review a common theme running through both Mikes and Hywles episodes, FYR009, and FYR010. Although they come from two very different professions, Mike is a successful professional fund manager and Hywel is a successful business consultant, they both stressed the importance of planning. Many regularly use the skill of planning when booking a holiday to buying a new car. With the abundance of information available at our fingertips, its never been a better time to plan your way to financial self-sufficiency and set a target of funding your retirement. It starts with planning 0.00 to 0:40 Introduction 0:041 to 1:27  Mike and Hywel discuss the importance of planning in episodes FYR009 and FYR010 1:28 to 2:30 How you are already skilled at planning and many plan a major event each year, your holiday 2:31 to 3:00 The fundamentals of planning 3:01 to 3:36 Business plan outline 3:37 to 4:40 Trading plan outline 4:41 to 5:44 Spending time researching and planning for a new car 5:45 to 8:01 We live in the information age, planning creates direction, and it gives us focus 8:02 to 9:24 Next weeks topic on risk management and wrap up Have a wonderful day, The FYR team. Resources: Knowledge Area   Trading For Retirement Community and Training Fund Your Retirement E-book