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US30 trading strategy
Replied 6 minutes ago -
Exited with profit of $8.4 but price kept going up after that
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eia natural gas storage report
Replied 1 hour ago -
Natural gas inventory increased from 92 to 95 billion cubic meters but still fell short of forecasts so market should be bullish
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How can beginners practice lot sizing on a demo account effectively?
Replied 2 hours ago -
All I can say is WOW
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 2 hours ago -
JUST IN: Over 50% of all Bitcoin $BTC in circulation is now held at an unrealized loss.
@WatcherGuru
Wow
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+2
technical indicator installation question
Replied 3 hours ago -
I think you may need to reinstall the indicator because I doubt if MT5 has the capacity to store that kind of info
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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.