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How To Manage Running Trades.
Replied 3 minutes ago -
Manage running trades by sitting on your hands !
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The Power of Position Sizing (The Most Ignored Forex Skill)
Replied 8 minutes ago -
yes, bro . That's true . Market outcomes are very unreliable but predictable in some cases. My strong advice is to always open trades very early when the session is just beginning to give you the opportunity to set your stop loss at a very safe range where you are not likely to be hit no matter the uncertainty of the outcome. It is better your trade runs throughout the day without loss and your equity remains the same than being hit out with your equity swept off, leaving you unable to trade the next day.
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exness or fxpro: your honest opinion
Replied 44 minutes ago -
FxPro has lower minimum withdrawal for sure. $1 minimum withdrawal for cards
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Position Sizing, The Silent Edge
Replied 1 hour ago -
and what is the kelly criterion formula?
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Daily FX Options Expiring by 10 AM New York Cut
Replied 3 hours ago -
FX option expiries
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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.