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stay alive long enough for probabilities to work Replied 17 minutes ago - And this is one reason why people are trooping to prop firms, because when they get funded they have the capital to stay alive long enough for probabilities to work. Its hard to do when you lhave limited funds.
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My experience trading with Tickmill Replied 19 minutes ago - Thank you for this thread. I just opened an account with this broker using the steps you outlined here. The process was easy cos I followed all you posted here.
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Decision Fatigue in Trading Replied 27 minutes ago - I just couldn’t be angry with myself sincerely 🤣
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GER40 with SLK strategy Replied 1 hour ago - I just executed a sell trade for this pair as shown in the image.
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GOLD/USD Replied 1 hour ago - In this image I have included the SL and buy trigger (grey circle)
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NAS100 Strategies Replied 1 hour ago - This shows my entry for execution.
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EUR/USD Beginner Level trading Replied 2 hours ago - TP smashed on eurusd. The idea behind this trade is that price will usually push towards the option clusters first.
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XAUUSD USING SLK STRATEGY Replied 2 hours ago - THIS TRADE HAS NOT BEEN TRIGFERED. MY LIMIT HAS BEEN SET.
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US30 with SLk Strategy Replied 3 hours ago - WE ARE BULLISH AT THE MOMENT ON THE 4HR TIMEFRAME COS WE HAD A BREAK TO THE UPSIDE. I WILL BE ON THE LOOKOUT FOR BUYS.
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Daily FX Options Expiring by 10 AM New York Cut Replied 3 hours ago - EURUSD cluster between 640 & 650
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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.