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Has anyone traded with FxPro Nigeria? What was your experience like? Replied 2 hours ago - FxPro deposit and withdrawal process is so smooth, that is what I like about them. I hear they have added TradingView to their platforms now which is great.
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Best Time To Trade Forex in Nigeria Replied 6 hours ago - New York session is also great for trading gold
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What was your experience with Headway Broker like? Replied 14 hours ago - I dont think Headway broker is a scam, they actually pay out withdrawals it is just that they are a new comer in the industry and need some time to perfect their act. I trade with them and they are ok
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Does MT4 Have Economic Calendar? Replied 1 day ago - it doesnt but you can istall it as an add-on
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ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 2 days ago - Interesting, our government in South Africa is already regulating forex brokers
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What is the best leverage to use in forex for a $10 account balance? Replied 2 days ago - $10 is barely enough to open a reasonable lot size so you will ne needing high leverage like 1:2000 if you want to trade 0.02 lot size of a major fx pair
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what is the difference between ftmo and ftmo swing? Replied 2 days ago - FTMO swing is designed for swing traders such that there is no overnight fee
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Daily FX Options Expiring by 10 AM New York Cut Replied 2 days ago - EUR/USD cluster at 500 & 525. Today is the last working day of the month so we may see price move towards the London fix at 1.1600.
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does anyone have inspiring forex success stories to share? Replied 2 days ago - i used to record losses for a long time (around 2 years) but after i started sticking to one strategy and taking profit once it reached 10 pips i became profitable
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How to trade eurusd (with the breakout strategy) Replied 2 days ago - Nice one, glad you are getting a hang of it
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Market Closed Today

The Forex Market is closed on weekends, opens back on Monday.
⚖️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.