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stocks or forex which is more profitable to trade?
Replied 2 hours ago -
I always thought the reverse was the case and that fx was more profitable
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Choosing a Reliable, Regulated Forex Broker in Nigeria
Replied 3 hours ago -
Their policies might affect it's users indirectly or directly
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eia natural gas storage report
Replied 4 hours ago -
EIA weekly natural gas storage report is out. Natural gas inventory increased more than expected so our trade outlook is bearish
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US30 trading strategy
Replied 4 hours ago -
WOW! just in the blink of an eye. You make it seem so easy man!
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retail traders make up only 2.4% of the forex market
Replied 5 hours ago -
This is why I say the SMC concept is a lie, institutional traders do not need liquidity from retail traders, because retail traders don't even exist to them.
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How do currency correlations work between different pairs?
Replied 5 hours ago -
Important: Correlations are not fixed. They change over time due to news, central banks, or regime shifts (e.g., during crises they can spike).
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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.