Threads
How does a raw spread account work in trading?
Replied 5 hours ago -
Raw spread accounts are onlyy good for scalping if the commission per side is low. Most brokers charge high commissions form $3 per side or more and it erodes part of your profit. You may be better off with a standard account as a scalper if you dont find a raw account with low commission
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best time to trade us30 in south africa
Replied 6 hours ago -
Here is another example. This is the US30 chart for today, and you can appreciate the burst of activity when US stock exchanges open
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a good trader knows not a 1000 moves but 1000 iterations of 1 move
Replied 7 hours ago -
Course farmers stay unprofitable because they never choose a path long enough to become an expert.
A beginner thinks the goal is:
“Learn every strategy.”
A profitable trader knows the goal is:
Learn one setup so deeply that it becomes second nature.
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Which brokers support ussd code deposit method?
Replied 8 hours ago -
Deriv do not support Ussd but they support bank transfers and debit card.
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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.