Threads
Why I am switching to cTrader
Replied 3 hours ago -
Integration of Live Chat With Broker
There is a lve chat icon on the left panel on cTrader which opens up a chat box with your broker. This is a feature I have not seen on other third party platforms like metaTrader and TradingView.
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Your edge is in patience, not constant action
Replied 4 hours ago -
I always focus on what not to do, instead of focusing on what to do when I am in front of a chart.
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The simplest strategies are usually the most profitable
Replied 5 hours ago -
The most consistently profitable approaches are usually simple, but structured.
Why?
Because:
Simple strategies are repeatable
They are easier to execute without emotions
They allow for consistency over time
Meanwhile, complex strategies often fail because:
Too many rules = hesitation
Conflicting signals = confusion
Hard to stick to under pressure
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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.