Threads
Never Risk More Than 2% of your Account Balance On A Trade
Replied 5 hours ago -
I disagree, every trade requires a different risk. It depends on what edge you have on that day. If you have some data at your disposal that gives you an edge for the day, then you should add to your winners and risk more
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trading hours extended from which date?
Replied 5 hours ago -
From Last Sunday of March till first week of November
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what are the trading sessions?
Replied 5 hours ago -
Sydney is usually the session that opens the dancing floor so its the first trading session of them all.
During the Asian session, Singapore is the last session to open so the sequence is Sydney, Tokyo, Singapore
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does the forex market open on easter good friday and monday
Replied 7 hours ago -
Thanks for this, so I will travel with my laptop when going 4 easter holidays
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after six hours my trade is only 5 pips profit, should I close it or wait?
Replied 10 hours ago -
If I open a trade and it is not in profit after 30 minutes, i take it that I am on the wrong side. In your case you were still in profit so it would be safe to leave it open
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Daily FX Options Expiring by 10 AM New York Cut
Replied 12 hours ago -
EUR/USD option expiry at 1.1500 and PNT trades at 1.1700
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why did I lose money in this trade?
Replied 1 day ago -
Asian session is from midnight till 6 am UTC+1
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| ⚖️Is Forex Trading in UK Legal? | Yes |
| ⚖️Forex Trading Regulator | Financial Conduct Authority (FCA) UK |
| 📅 Date Established | 2013 |
| Investor Protection | Financial Services Compensation Scheme (FSCS) up to 85,000 GBP |
| ✅No. of FCA Licensed Forex Brokers in UK | 15+ |
| 💰Average OTC FX Turnover for UK 2022 (BIS Survery) | 3.755 Trillion USD |
What is Forex Trading & How Does it Work in the UK?
Forex Trading is when you try to make profit from predicting if the exchange rate of a currency will rise against another currency.
To trade forex you pair two currencies together (example GBP/USD) & if you think the exchange rate of the pair will rise, you place a buy order for a specific quantity, to profit if you are right.
On the flip side if you think the exchange rate will fall, you place a sell order to benefit from the fall.
To be able to trade forex in the UK, you need to use the services of a forex broker whose function is to provide you the trading software, liquidity & enabling environment needed to trade.Forex trading in the UK is totally legit & is regulated by the Financial Conduct Authority (FCA) UK.
If you trade with an FCA licensed broker you are eligible for compensation up to 85,000 GBP if you suffer pecuniary losses due to broker bankruptcy etc.