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MAVEN PROP FIRM REVIEW
Replied 1 hour ago -
Very necessary to avoid stories that touch
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Does playing chess help with trading?
Replied 3 hours ago -
My humble opinion is that chess teaches you how to lose in order to win. You see chess players sacrifice a pawn or bishop or whatever just so they can target a bigger catch. the same thing applies to trading, sometimes you have to take a small loss in order to win big.
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EUR/USD Beginner Level trading
Replied 4 hours ago -
Price is falling, lets see if it gets to out TP projection of 1.1750
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How to trade eurusd (with the breakout strategy)
Replied 9 hours ago -
Today, we saw a classic breakout of the Asian range during the Pre-Frankfurt hour which was followed by a reversal back into it. The simple thing to do would have been to buy the reversal and place your SL 10 pips away from the buy trigger.
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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.