Threads
Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 3 hours ago -
Yeah, patience is tough but often the smartest move. Discipline pays off.
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How does one develop an edge that lasts over time?
Replied 3 hours ago -
The key is showing up prepared, asking sharp questions, and acting on their input. Consistency beats occasional chats.
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EUR/USD Beginner Level trading
Replied 5 hours ago -
Just took a short trade on EUR/USD with TP target at the weekend gap
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What happens if I deposit the wrong amount into my trading account?
Replied 5 hours ago -
Don't panic the broker has systems to sort this out, they will refund the difference before the end of the business day if not they will see it as an overage or imbalance when closing their books for the day.
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discipline doesn't fix a flawed system
Replied 5 hours ago -
In essence, you can be disciplined in doing rubbish 😂
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explain one sided betting rule in prop firms
Replied 7 hours ago -
FTMO is fond of using this rule to ban profitable traders. The problem is they interpret the rule in different ways thus shifting the goal post
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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.