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Daily FX Options Expiring by 10 AM New York Cut
Replied 3 hours ago -
EURUSD expiry for today
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when should i exit a losing position to cut my losses early?
Replied 5 hours ago -
I exit a losing position when it has gotten to my invalidation zone. Based on my strategy, I have invalidation zones where I place my stoploss. The moment price gets to those zones, technically I know the setup won’t play out.
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if i get stopped out of a trade, should i jump in again?
Replied 5 hours ago -
For me I think it depends on the circumstances. I can jump back into a trade after my SL is hit but I will trade in the opposite direction and not in the same direction. The logic behind this is when I take a trade and I see that I was wrong I dont jump out prematurely I wait for SL to be hit after which I trade the opposite direction of strength. If I bought then I notice the market is trending downward, I will just wait for my SL to be hit then reverse direction.
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what is stop out level & why does it matter in trading
Replied 5 hours ago -
But to be fair to the broker 0% stop out level is not bad but it should be made an option instead of mandatory. A low stop out level gives your trade enough time to recover from a loss.
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why you should have a daily loss limit in forex
Replied 8 hours ago -
Daily loss limit also protects you from emotional trading.
After losing money, most traders fall into:
Revenge trading
Over-trading
Increasing lot sizes
Chasing the market
A daily loss limit forces you to stop before emotions take over.
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Never Risk More Than 2% of your Account Balance On A Trade
Replied 10 hours ago -
The 2% is even high for me. I will advise they do 1% as beginners. The beginner stage is not necessarily a stage to make money but to comprehend the their edge and also master their emotions.
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do you use take profit or do you exit trades manually?
Replied 10 hours ago -
I USE BOTH. THE SETUP OR MARKET REACTION WILL DETERMINE THE ONE TO USE AT ANY GIVEN TIME.
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after nfp, how long before spreads return to normal?
Replied 11 hours ago -
Factors That Affect Spread Normalization
Broker type – ECN/STP brokers usually normalize faster than market makers.
Pair liquidity – Major pairs stabilize quicker than crosses or exotics.
Market conditions – If NFP triggers follow-up news or extreme reactions, spreads may stay wide longer.
Time of day – US session liquidity can help spreads normalize faster during overlap with London session.
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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.