MyTradingLand Logo
Log In
en

Threads
Leverage Replied 8 hours ago - High leverage has a bad side too, it encourages you to be reckless (i gives you false confidence). It encourages you to pursue losses because even after sustaining a big loss, the broker will still allow you to enter the market again knowing fully well, that if your trade should enter a loss, there will be no extra money left in your account to cover the loss leading to your trade being closed.
0
5
0 Subs
Trading pairs Replied 8 hours ago - Another reason why beginners should stick to major fx pairs is because there is more information out there about the factors that move these pairs. Everytime you look at the news it is easy to see news about the USA, United Kingdom, Europe or Japan.
0
4
0 Subs
EUR/USD Beginner Level trading Replied 8 hours ago - TP smashed, I exit with 60 pips profit.
6
1070
54 Subs
+1
SLK STRATEGY Replied 11 hours ago - EURCAD SELL
2
127
14 Subs
+1
Trading GBP/USD Replied 11 hours ago - SELLING AT THIS ZONE WITH 17 PIPS STOPLOSS
1
156
6 Subs
what is xauusd Replied 11 hours ago - Why XAUUSD Is Popular Among Forex Traders 1. High volatility = More trading opportunities Gold moves a lot every day, often $10–50 or more, creating many setups for: Scalpers Day traders Swing traders This volatility is why traders like it — more movement = more chances. 2. Tight spreads (especially during active market hours) Gold usually has tight spreads on good brokers, especially on raw/ECN accounts. This makes it ideal for: Fast entries and exits Scalping strategies High-frequency trading 3. Strong reaction to economic news Gold reacts sharply to: U.S. inflation (CPI) Interest rate decisions (FOMC) Non-Farm Payrolls (NFP) Federal Reserve speeches This makes it great for news traders and volatility traders.
0
4
0 Subs
what is the polish currency, can i trade it in forex? Replied 12 hours ago - The currency of Poland is the Polish złoty, written as: Name: Polish Złoty Code: PLN Symbol: zł You’ll often see it quoted in forex as a pair like: USD/PLN (U.S. Dollar vs. Polish Złoty) EUR/PLN (Euro vs. Polish Złoty) you can trade PLN in forex, but it is considered an exotic currency pair, not a major. ✔ Available to trade (with most brokers): USD/PLN EUR/PLN GBP/PLN (on some brokers)
0
2
0 Subs
Need help calculating pips for gold Replied 13 hours ago - Gold contract size 1.0 lot = 100 oz 0.1 lot = 10 oz Spread cost formula Spread cost = Spread × Ounces spread is 0.4 So: Spread cost = 0.40 × 10 Spread cost = $4.00 The 0.40 spread on XAUUSD at 0.1 lot = $4.00 cost. This means when you open a 0.1-lot gold trade, you start the trade –$4 because of the spread.
0
5
1 Subs
+1
What Is Order Block in Forex? Replied 13 hours ago - 1.Look for a Strong Move (Impulse Move) Ask yourself: “Did price explode upward or downward from this area?” Look for: Long impulsive candles Multiple strong candles in the same direction A clear “push” in price 2. Find the Last Opposite Candle Before That Move This is the classic rule. For a bullish order block (demand): 👉 Look for the last bearish candle before a strong move up. For a bearish order block (supply): 👉 Look for the last bullish candle before a strong move down. That last opposite candle is the “order block.”
0
6
2 Subs
+1
Funding an account or purchasing a prop firm Replied 13 hours ago - Thank you for being honest.
0
9
1 Subs
+1

Trending News

U.S. Importers Are Still Paying Trump's Illegal Tariffs
9 hours ago
0
0
Read more
China Gains Major Leverage Over Trump After Supreme Court Rulings
13 hours ago
0
0
Read more
Eurozone PMI Jumps to 3 Month High as Manufacturing Rebounds
13 hours ago
0
0
Read more
UK Business Activity Hits 22 Month High in February
13 hours ago
0
0
Read more
Canadian Retail Sales Dip 0.4% in December 2025
13 hours ago
0
0
Read more
U.S. GDP Growth Drops to 1.4% in Late 2025
13 hours ago
0
0
Read more
Join us today

Be part of our news update and stay updated

Join
best-forex-brokers

Brokers
CMC Markets

CMC Markets is an FCA UK Regulated & Publicly Traded CFD & Spread Bets Broker offering the MT4 Platform, No Minimum Deposit & Tight Spreads

View Visit
IG Markets

IG Markets UK is an FCA regulated firm that offers CFDs & Spread Bets on several instruments

View Visit
Oanda

Oanda is an FCA & ESMA Regulated CFD & Spread Bet Provider with No Minimum Deposit & Guaranteed Stop Loss

View Visit

University
Modules
Technical Analysis
Fundamental Analysis
Videos

Market Hours (UTC +1)
1am
3am
5am
7am
9am
11am
1pm
3pm
5pm
7pm
9pm
11pm
tokyo Session
tokyo Session
london Session
new york Session
⚖️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.