MyTradingLand Logo
Log In
en

Threads
how to trade natural gas Replied 1 minute ago - The green color stands for bullish so expect upward price movement on the charts and vice versa
0
25
14 Subs
+14
Your account statement says it all Replied 3 minutes ago - You're not lying bro. It's just getting loud.
0
14
0 Subs
EURUSD quick scalp Replied 10 minutes ago - No. The only buy I Took was a Bitcoin Bullish scalp
0
28
1 Subs
NFP Replied 13 minutes ago - Got it, appreciate the feedback bro. Sorry if the title threw you off . The thread is about possible direction we could get from NFP direction.
0
3
0 Subs
multi chart view TradingView Replied 20 minutes ago - I would appreciate some images/screenshots to guide me please, xoxo!
0
1
0 Subs
EUR/USD Beginner Level trading Replied 37 minutes ago - okay boss!
6
1270
68 Subs
+1
Correlation in forex Replied 45 minutes ago - Beware of Counterproductivity Now this is my opinion: it would be counterproductive to open simultaneous trades (in the same direction) on two negatively correlated pairs, because your work done will be zero at the end. For instance if you open two buy trades on EUR/USD and USD/JPY you will end up with zero because even of you win one, you will likely lose the other.
0
2
1 Subs
+1
Nzdcad Replied 1 hour ago - We'll update you on how the trade is going
0
1
0 Subs
Bitcoin Analysis Replied 1 hour ago - This is a quick Bitcoin scalp trade setup. Buying on the 15 minutes timeframe. I saw a mss, liquidity and poi that's why I'm going long to sell later
0
22
1 Subs
AUD/USD Replied 1 hour ago - 👍
0
4
0 Subs

Trending News

Germany’s Industrial Output Drops Again as Energy and Machinery Production Sink
10 minutes ago
0
0
Read more
Germany’s Trade Surplus Shrinks Sharply as Imports Surge and US Exports Slide
14 minutes ago
0
0
Read more
Trump Issues July 4 Trade Ultimatum to EU, Warns Tariffs Could Spike ‘Immediately’
22 minutes ago
0
0
Read more
Trump calls fresh strikes on Iran a 'love tap' as Hormuz ceasefire wobbles
3 hours ago
0
0
Read more
ECB's Schnabel Warns of Central Bank Independence Under Threat
16 hours ago
0
0
Read more
Shell Reports $6.9bn Profits Since Iran War Started
16 hours ago
0
0
Read more
Join us today

Be part of our news update and stay updated

Join
best-forex-brokers

Brokers
CMC Markets

CMC Markets is an FCA UK Regulated & Publicly Traded CFD & Spread Bets Broker offering the MT4 Platform, No Minimum Deposit & Tight Spreads

View Visit
IG Markets

IG Markets UK is an FCA regulated firm that offers CFDs & Spread Bets on several instruments

View Visit
Oanda

Oanda is an FCA & ESMA Regulated CFD & Spread Bet Provider with No Minimum Deposit & Guaranteed Stop Loss

View Visit

University
Modules
Technical Analysis
Fundamental Analysis
Videos

Market Hours (UTC +1)
1am
3am
5am
7am
9am
11am
1pm
3pm
5pm
7pm
9pm
11pm
tokyo Session
tokyo Session
london Session
new york Session
⚖️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.