Threads
FxPro withdrawal still pending what's their withdrawal time?
Replied 2 hours ago -
That's why I switching to more reliable methods like bank wire
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Daily FX Options Expiring by 10 AM New York Cut
Replied 4 hours ago -
FX option exoiries
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what is retracement in forex?
Replied 2 days ago -
It is not a reversal. The trend is still intact, price is just taking a breather before continuing.
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GER40 Trading Setup Today
Replied 2 days ago -
That's based on preference on your strategy requirement, it's good timing
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Best Time to Trade Forex: Trading Sessions, Overlaps & Golden Window Explained
Replied 2 days ago -
Thanks for the reminder! A lot of us have been using the wrong close time. This is the kind of detail that can really mess up your entries if I'm not careful.
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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.