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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 25 seconds ago -
JUST IN: Brent crude oil surges 5% back above $100 after Iran ends negotiations with the US and vows to block the Strait of Hormuz.
@WatcherGuru
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What is a standard lot, mini lot, micro lot, and nano lot?
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Quick Tip for Beginners:
Smaller lots (micro/nano) let you trade with less money and control risk better, especially when starting out. Always check your broker’s lot sizes, as some may vary slightly.
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US30 trading strategy
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Nice setup on the breakout and rejection.
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AUDJPY Live Trade
Replied 33 minutes ago -
Yes that's true.. emotions comes mostly when monitoring the chart
Today gave me 2/3 Trade.✅
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How do you build mental resilience for drawdowns?
Replied 4 hours ago -
Yeah that's true
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Trending News
39 minutes ago
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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.