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Trading Truths Replied 5 hours ago - There are very few people that have this ability naturally. But most of us cannot do this without some sort of training. I say training cause just like the technical side of trading, the mental side must be developed. I would recommend meditation. Meditation will help teach you how to stay in control of the moment. Meditation is hard. Try sitting sometime for a minute and try not to have a thought enter your mind. If you have not trained in this, I bet you cannot go a minute. Meditation gives you a mechanism to over come bad thoughts like FOMO, losses, wins in a row, etc. It helps you purge your mind so you can focus on the task at hand. I used to think you had to be like a machine. Trade without emotion! This is not possible. Everyone has these emotions. You cannot stop it. But you can control how it affects you. That is where meditation comes in. It gives you one of the best tools in your toolbox. The ability to have, accept and control your emotions. I have studied allot of successful businesspeople, athletes and traders. One thing they all have in common, they use their minds differently then most people. From Jack Nicklaus visualizing his next golf shot to me setting at my desk. A strong mind is a must. You might not be into meditation or even have thought about it. But it does help with the psychological side tremendously. You will soon be searching for ways to combat the mental barriers that will show up for you. So you might as well get working on that along with your technical training now.
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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.