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My first trade experience
Replied 18 minutes ago -
Sounds reasonable. EURUSD has been choppy with those option levels and flows today.
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 27 minutes ago -
Normal market volatility.
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How do pending orders help in technical setups?
Replied 1 hour ago -
Accurate and true sir
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why is forex trading not yet regulated in Nigeria?
Replied 1 hour ago -
This is an example https://guardian.ng/business-services/abuja-fx-traders-group-sparks-controversy-ahead-of-launch/
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Daily FX Options Expiring by 10 AM New York Cut
Replied 9 hours ago -
FX option expiries 2nd June 2026
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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.