Threads
How does a raw spread account work in trading?
Replied 2 hours ago -
Raw spread accounts can be unforgiving when you make a mistake. Lets say you enter the market by mistakenly clicking the buy or sell button, and you want to exit immediately, you must still pay the flat commission. It has happened to me many times. But with a standard account if I enter a trade by error, I can simply wait till breakeven then exit with no loss.
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forex brokers with $1 minimum deposit in Nigeria
Replied 7 hours ago -
Trade Nation is a forex broker with $1 minimum deposit
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+4
does the forex market open on easter good friday and monday
Replied 7 hours ago -
Yes, but you cannot trade XAU/USD during Easter holidays.
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20 Days Trading Challenge with MTL UNI
Replied 8 hours ago -
Additional image for clarity
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How to trade eurusd (with the breakout strategy)
Replied 8 hours ago -
Draw a box to mark out the Asian range, wait for price to breakout of the box and start reversing back into it, then trade the reversal direction. In todays example the reversal direction was upward, so the play book is to buy.
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Never Risk More Than 2% of your Account Balance On A Trade
Replied 1 day ago -
I disagree, every trade requires a different risk. It depends on what edge you have on that day. If you have some data at your disposal that gives you an edge for the day, then you should add to your winners and risk more
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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.