Threads
Growing my trading account from 10k to 50k in twenty days
Replied 11 minutes ago -
I lost both too.
The only pairs I have running now is gold sell and Eurgbp buys
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What you need to know about forex as a beginner
Replied 14 minutes ago -
Add time frame correlation as well and succeed more than ever
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Taking Full Control of Your Crypto, Self-Custody and Seed Phrase Basics
Replied 16 minutes ago -
No not a crypto exchange... Crypto exchanges don't have seed phrases when you register.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 15 hours ago -
Now the market has taken on EURUSD ..
I think what you said might be exactly what is gonna happen
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which forex brokers have no minimum withdrawal?
Replied 17 hours ago -
@Vicky I concur, FxPro Seychelles is the only broker I have seen without a minimum withdrawal
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My experience trading with Tickmill
Replied 17 hours ago -
Don't know if to be surprised or embarrassed that Tickmill doesn't have instant withdrawals.
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Decision Fatigue in Trading
Replied 18 hours ago -
Shouldn't come up if you're following your strategy
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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.