Threads
EUR/USD Beginner Level trading
Replied 8 minutes ago -
I am short eurusd with 12 pip SL and TP target of 1.1625 where there is an option cluster below
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GBP/JPY Weekly Outlook (Beginner-Friendly Analysis)
Replied 1 hour ago -
Doesnt look like a real trade, there's no profit/loss showing
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Gold Analysis
Replied 1 hour ago -
Why Octafx and Exness? What makes them the best? these are B-Book brokers
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The Power of Position Sizing (The Most Ignored Forex Skill)
Replied 1 hour ago -
Yeah but what if after adding to the position the trades then go into a loss?
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🇯🇵 Japan 225 CFD — Setup Explained (Beginner Friendly)
Replied 1 hour ago -
However, since I'm trading the Japan 225 CFD on FOREX.com, the broker likely offers extended hours almost 24/5. Always check your broker's platform for the exact open and close times.
The best time to trade is at the Tokyo open (9:00 AM JST) when volume and volatility are highest. 🎯
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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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Trending News
53 minutes ago
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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.