Threads
is it bad to exit a trade before your stop loss is hit
Replied 3 hours ago -
This is a very technical question. For me it depends on how many active trades you have running at the same time. Remember that every trade you open locks up some margin which is temporarily deducted from your overall account balance. Now, lets say you have opened 3 trades and all of them are in a loss you may need to exit one trade early to free up margin to keep the other 2 trades alive.
0
5
0
Subs
what is free margin in forex & why does it matter?
Replied 5 hours ago -
Free margin in forex is the portion of your account equity available for new trades and absorbing losses. It is crucial for flexibility, risk management, and preventing margin calls which in turn is helping protect your account.
0
7
0
Subs
should i learn to trade forex with a demo or real account?
Replied 5 hours ago -
Trading with a real account offers important emotional and practical benefits, such as building resilience, understanding market conditions, managing risks, and gaining confidence. Starting small helps manage risks while gaining real experience with a real account.
0
8
0
Subs
do we expect too much from technical indicators?
Replied 6 hours ago -
My take on this subject is that beginner traders should have no business using technical indicators because contrary to what many think, Indicators were built for professional traders to act as a guide. As a beginner trader, you will not understand the context behind the information the indicator gives you.
0
8
2
Subs
+1
why do most brokers require you connect to TradingView via a raw spread account?
Replied 6 hours ago -
Easy Markets lets you connect to TradingView with a standard account and they offer fixed spread with this standard account. I think Trade Nation also lets you connect to TradingView with a standard account too.
0
4
3
Subs
+3
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.