Threads
Forex session times in Nigeria explained (Wellington, Sydney, Tokyo, London, New York)
Replied 2 hours ago -
Set your platform to UTC+1 or Berlin time so the 8:00–12:00 window lines up cleanly with high volume.
During summer it shifts to UTC+2, just adjust accordingly.
2
18
2
Subs
+2
In trading, timing is more important than direction
Replied 8 hours ago -
@godswillfx timing is one of the ten commandments of trading, it is often overlooked by many. Some traders are not even sure when the London or NY session starts, which is bad.
1
10
1
Subs
+1
EUR/USD Beginner Level trading
Replied 8 hours ago -
TP smashed (the bullish engulfing was our buy signal)
6
1180
63
Subs
+1
How Do I Take Partial Profit on MT5 Without Closing The Trade?
Replied 9 hours ago -
That's a correct and common way to partially close on MT5 👍
Instead of double-clicking, right-click the trade → “Close Order” → enter the lot size you want to close → hit Close. Same result, slightly faster for me.
0
12
0
Subs
why is the asian session bad for trading forex?
Replied 9 hours ago -
lower liquidity in the Asian session often leads to wider spreads and "monopoly like" price action from fewer players.
Skip scalping EUR/USD or GBP/USD then. Instead, focus on JPY pairs (they move better in Asia) or wait for the London open.
0
8
0
Subs
Brokers
University
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.