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US30 trading strategy
Replied 1 day ago -
On Thursday, we saw price reversing back into the day's London range and is was an opportunity to buy in.
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does goat funded trader offer free trials?
Replied 2 days ago -
No, Goat Funded Trader generally does not offer a completely free trial for its evaluation accounts.
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Please what is the latest FXTM minimum deposit?
Replied 2 days ago -
The exact minimum can sometimes vary depending on your region or payment method.
Depositing very small amounts (below about $30) may attract a small transaction fee.
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What's the minimum I can deposit to trade with Oanda?
Replied 2 days ago -
With OANDA, the good news is that there is no fixed minimum deposit required to open or maintain a trading account.
Official minimum deposit: $0
You can technically deposit any amount, even $1 if you want.
However, you still need enough funds to cover the margin required for the trade you want to open.
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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.