Threads
My first trade experience
Replied 2 hours ago -
Also, your TP at 1.16000 is only about 95 pips away from current price, while your SL placement suggests a much wider range meaning your risk/reward may not be balanced in your favour.
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🇯🇵 Japan 225 CFD — Setup Explained (Beginner Friendly)
Replied 3 hours ago -
My trade was well structured not until Market came down and took out then reversed.
Unto the next
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Daily FX Options Expiring by 10 AM New York Cut
Replied 4 hours ago -
FX option expiries
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GBP/JPY Weekly Outlook (Beginner-Friendly Analysis)
Replied 23 hours ago -
It is a real trade ... Gave the setup before price triggered...
Check my previous screenshots.
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The Power of Position Sizing (The Most Ignored Forex Skill)
Replied 23 hours ago -
That's what your Stop Loss is for.
We only add to the position AT the breaker block or valid zone not randomly. And our risk is already defined BEFORE we enter. If price breaks below our invalidation level, we close the trade and move on. Losses are part of trading. What matters is that no single loss can damage your account. Protect the bag first. 🎯
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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.