Threads
learn to sit on your hands after opening a trade
Replied 10 minutes ago -
my trainer use to tell me that when you set a trade you should close the screen so l wont be tempted to close the trade, l can tell you for free it hasn't been easy doing that il rather don't trade than set a trade and close the screen.
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why you should have a daily loss limit in forex
Replied 14 minutes ago -
A daily loss limit is a strict, pre-determined cap on the amount of capital you are willing to lose in a single day. It acts as an essential financial and psychological guardrail, preventing one erratic trading day from wiping out weeks of progress or ruining your entire portfolio.
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THE REST STAGE IN THE TRADER'S JOURNEY- TRADING MATURITY
Replied 17 minutes ago -
A trader is considered mature when their confidence becomes quiet, decision-making becomes routine, and emotions no longer dictate their actions. Instead of relying on gut feelings or searching for the "holy grail" system, mature traders consistently follow a strict risk management and execution plan
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EUR/USD Beginner Level trading
Replied 43 minutes ago -
very correct, you are a good trainer and detailed
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 1 hour ago -
Triggered lastly enter cmp let see 👀
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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.