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how do I close all trades at once in mt5
Replied 1 hour ago -
Saves a lot of time when the market's moving fast.
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Your account statement says it all
Replied 1 hour ago -
The lifestyle is a marketing tool. If the trading was really printing, the account statement would be the first thing they'd show not the car. And you're right, a lot of them are eating off referral commissions and IB deals, not actual pips. The account never lies though.
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why you should have a daily loss limit in forex
Replied 2 hours ago -
To keep you from committing trading suicide
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EUR/USD Beginner Level trading
Replied 3 hours ago -
WOW! I just got stopped out, I will carry out a post-mortem on this trade to see what went wrong
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+1
Daily FX Options Expiring by 10 AM New York Cut
Replied 4 hours ago -
EURUSD cluster between 700 and 715 may push price down during the European session. Also keep in mind the US initial jobless claim data comes out today during the NY 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.