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EUR/USD Beginner Level trading
Replied 48 minutes ago -
Today I took 3 long trades, Trade 1 hit SL, Trades 2 & 3 I had to cut losses early
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What are the key economic indicators (NFP, GDP, CPI) affecting Forex?
Replied 1 hour ago -
Note
> NFP tells you about jobs. GDP tells you about growth. CPI tells you about inflation. Together, they tell Central Banks whether to raise or cut rates — and THAT is what truly moves currency pairs.
Trade the news. Analyze the data. Manage your risk.
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 1 hour ago -
The market opens every day.
Somehow traders still act like today is their last chance to make money
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My first trade experience
Replied 1 hour ago -
Keep reviewing your setups and stay disciplined. Better days ahead.
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Forex Traders Events in Nigeria
Replied 5 hours ago -
This is a big one for traders in Calabar
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How do you read open, high, low, close (OHLC) on any timeframe?
Replied 6 hours ago -
Okay boss
Noted
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Trending News
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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.