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EURUSD quick scalp
Replied 7 minutes ago -
I'm going long on EURUSD after market reacted on the 4 hour demand zone
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Choosing a Reliable, Regulated Forex Broker in Nigeria
Replied 1 hour ago -
Brokers that operate in Africa are not regulated by FCA UK or any of the tier-1 regulators you mentioned. FSCA is not a tier-1 regulator, they are tier-3
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Which Forex Broker Has 1:3000 Leverage & Naira Account in Nigeria?
Replied 2 hours ago -
If you're considering it:
- Start small and practice on demo first.
- Use proper risk management (never risk more than 1% of your account per trade).
- Understand margin calls and how their execution works.
Naira accounts help avoid forex conversion fees on deposits/withdrawals, which is a solid plus locally.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 3 hours ago -
FX option expiries
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NAS100 Strategies
Replied 15 hours ago -
Trailing stop triggered, exited with $30 profit
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how to trade natural gas
Replied 17 hours ago -
I just took a short on NG after price exited the pre-nymex open range
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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.