Threads
The Power of Single-Strategy Discipline
Replied 24 minutes ago -
I think I haven't cos I don't trade that
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How to Trade Liquidity Sweeps into Order Blocks with CISD
Replied 1 hour ago -
Trade triggered, let's see how it goes
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EUR/USD Beginner Level trading
Replied 1 hour ago -
I have closed my long trades for 25 pips each. I am done for the day.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 4 hours ago -
FX option expiries
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What To Do As A Trader After Taking So Many Losses
Replied 13 hours ago -
Honestly this is a good rule but then you can't role out psychology and its hidden in your edge as a trader you need a repeated hand print to have clarity and once clarity comes you will know that even if you lose once you can't lose twice
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What is the Best Time To Trade Nasdaq in South Africa for Best Results?
Replied 1 day ago -
The best time to enter a nasdaq trade is when the Nasdaq stock exchange opens by 9 30 AM EST American time or 3 PM South African time.
Before the nasdaq exchange opens you may witness slow price movement but once it opens, there is usually a burst of activity which you can use to your advantage.
In the attached screenshot, you will see price surge upwards upon Nasdaq open
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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.