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Market Structure in Forex for Beginners: The Foundation You’re Probably Missing
Replied 1 minute ago -
This is just an example.
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AUDJPY Technical Analysis
Replied 1 minute ago -
That was a late entry on that zone.
Your observation was not bad
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Daily FX Options Expiring by 10 AM New York Cut
Replied 2 hours ago -
FX option expiries
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What is the WMR 4pm fix?
Replied 18 hours ago -
The WMR London FIX for tomorrow's month-end portfolio rebalancing is 1.17009
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+1
🇯🇵 Japan 225 CFD — Setup Explained (Beginner Friendly)
Replied 22 hours ago -
Market reacted strongly on our entry zone and went straight up.
I'm targeting the overall high
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Bitcoin Analysis
Replied 1 day ago -
This is a quick scalp setup on BTCUSD.
1 hour resistance zone
15 minutes Mss liquidity and poi
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EURUSD quick scalp
Replied 1 day ago -
1 hour timeframe resistance
Engulfing candle on the 1 hour timeframe.
Taking sells
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Trending News
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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.