Paul Scott: 30 Year Institutional Trading Veteran Shares ALL | WOR Podcast | EP.123
On this episode of the Words of Rizdom podcast we are joined by Paul Scott. Paul started out on the London Metal Exchange in 1994 at 16. He got into the business via his father who was a copper trader for 25 years. Paul believes that it's all just one big game, with a set of rules that are passed down from one generation to the next, that historical levels can and will be reached and traded over and over again, that time is of no value and that the value of currencies has nothing to do with the value of real money. Paul shares from his 30 years of experience and industry secrets. Paul's Website: www.paulscottfx.com __________________________________________ SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom __________________________________________ TradeZella: Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWOR Alpha Capital: Use Code "RIZ25" for 25% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures: Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Disclaimer: The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared. __________________________________________ Riz’s Instagram: / wordsofrizdom Riz’s Twitter: / wordsof_rizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 __________________________________________ Timestamps: 00:00:00 - Introduction 00:05:11 - Starting in the Trading Industry 00:10:45 - Transition from Trading to Teaching 00:16:13 - The Changing Landscape of the Financial Industry 00:21:24 - Retail Trading Accessibility 00:27:05 - Technical Analysis: A Waste of Time 00:32:24 - Predicting Market Movements 00:37:26 - Predicting the Market with High Accuracy 00:42:50 - The Value of Money and Understanding the Game of Trading 00:48:34 - The Importance of Discipline 00:54:02 - "Set and Forget" Trading Strategy 00:59:42 - The Role of Analysts in Trading 01:04:55 - The Importance of Letting the Market Show You Its Hand 01:10:11 - Risks of Investing in Crypto. 01:15:07 - The Retail Trading Industry and its Problems 01:20:28 - The Importance of Fishing for Trades 01:25:31 - Becoming the Best Loser on the Planet 01:35:20 - Learning from Different Perspectives 01:40:35 - Trading Floor Mishap 01:46:14 - Misinterpretation and Miscommunication in Trading 01:51:41 - Fast-paced and adrenaline-filled environment 01:57:08 - Importance of Networking with Other Traders 02:02:22 - Outro __________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only __________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping