Threads
why did I lose money in this trade?
Replied 3 hours ago -
Asian session is from midnight till 6 am UTC+1
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does the forex market open on easter good friday and monday
Replied 4 hours ago -
Yes, the forex market will be open so you can trade forex on good Friday and Easter Monday. However, some stock exchanges may be closed on these holidays so you may not be able to trade Index CFDs.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 5 hours ago -
Very accurate analysis, EUR/USD has been moving upward since morning!
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after six hours my trade is only 5 pips profit, should I close it or wait?
Replied 6 hours ago -
The decision to close or wait on a trade like this depends on your trading plan, risk management, and the session. If your trading plan is to make 5 pips and you are comfortable with that, then closing the trade is a good idea but if the market is, showing potential for further movement, especially if you are in a session such as London or New York, then waiting on the trade would be a good move, although this also depends on your risk limits. The session is important because it determines the volatility and movement of the markets.
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How to create mobile forex robot
Replied 8 hours ago -
@george, which one is cheaper to code, MQL or cBots?
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8 months of work erased in 4 days
Replied 8 hours ago -
Pull backs happen especially when a trend has been raging for a while
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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.