Threads
EURGBP market outlook
Replied 2 hours ago -
This is the image to back up the above analysis
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Bitcoin Analysis
Replied 2 hours ago -
This is detailed... You can understand how I trade with the above information.
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if you can't take a small loss, you will be forced to take a big one
Replied 4 hours ago -
The danger with placing SL at invalidation zones is that a sudden spike in price can kick you out of the market. I would suggest the solution lies in entering the market at the right time so you can place a tight stop at the right place
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What Time Does The Forex Market Open on Sunday in Nigeria?
Replied 4 hours ago -
Got it, thanks for the correction!
I'll start watching from 9 PM WAT then for those early Wellington moves.
Though my strategy doesn't focus on sessions.. but good to know
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if i begin a trade on my laptop can i complete it on my mobile phone?
Replied 5 hours ago -
Use the exact same login on both devices and keep the mobile app updated.
Always double-check the trade appears on the phone before you step away from the laptop.
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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.