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Is FirewoodFX no deposit bonus legit? Replied 2 hours ago - Yes, it is I have used it before.
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Why is My Stop Loss Triggered Without Price getting To It? Replied 5 hours ago - Many traders—especially beginners—often get confused or even suspicious when their stop loss is triggered even though the price they see on their chart never actually touched that level. While it can feel unfair or like the broker is manipulating the market, the truth is that this situation happens for several technical reasons that are completely normal in forex trading. The first and most important reason is that your chart usually displays only one price: the Bid price. However, your trades are executed using two prices: the Bid price and the Ask price, which is always slightly higher and represents the spread. Because MT4 and MT5 normally show only the Bid line, you will not see the Ask price unless you manually enable it. This means that even if the visible chart price did not reach your stop loss, the hidden Ask price might have touched it, causing your trade to close. For buy trades, your stop loss is triggered by the Bid price, and for sell trades, by the Ask price. Since these two prices move together but are not displayed together, it is common for traders to believe price never reached their stop. Another major reason is spread widening. During certain times—such as major news releases, market opens, low-liquidity sessions, or overnight rollover—the spread may suddenly increase. When this happens, the distance between the Bid and Ask price expands, causing one of them to jump temporarily into your stop-loss level even though the charted price stayed far away. This is especially noticeable with volatile instruments like gold, indices, and exotic pairs where spreads naturally fluctuate more.
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Casual FX discussion. Replied 6 hours ago - Question: How to build a trading framework for successful trading?
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Is Assexmarkets a Scam? Replied 6 hours ago - This broker is run by a scammer team in nigeria. Any money you deposit with them will be going into their bank accounts. Avoid them at all cost.
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stop loss or hedging, which is a better risk management method? Replied 6 hours ago - stop loss is the only thing that is important in trading. It can be mental but it must always be there.
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What happens if I deposit the wrong amount into my trading account? Replied 8 hours ago - It happened to me with the broker FxPro, they put the right amount into my trading account and sent the excess deposit back to my bank account within 30 minutes.
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is deriv legit Replied 8 hours ago - They dont have a CMA license which is issued by the Kenyan government. This license limits the leverage brokers can offer Kenyans to 1:400 amongst other investor protection clauses.
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How do you manage risk when trading forex? Replied 8 hours ago - 1) Always Define Your Risk Before Entering Before clicking BUY or SELL, decide: ✔ How many pips you will risk ✔ How much money that equals ✔ Your stop-loss level If you can’t answer these before entering, it’s not a real trade — it’s a guess. 🔹 2) Use a Fixed Rule (Like 1% or 2% Rule) A very common and effective rule is: ➡ Risk only 1% of your account per trade. This means if your account is $1000, your maximum loss on a trade is $10. This keeps losses small and your psychology sane. 🔹 3) Use Proper Position Sizing Most emotional losses happen because traders use too much lot size. You should ALWAYS calculate your position size based on: ✔ Account balance ✔ Stop-loss distance ✔ Risk percentage This prevents accidental over-risk. 🔹 4) Set Daily and Session Loss Limits Good traders don’t just have stop-loss rules — they also have daily loss limits. Example: ➡ If you lose 3 trades in a row or hit 3% of daily loss — you STOP trading for the day. This prevents emotional revenge trading. 🔹 5) Journal Every Trade Emotionally and Logically After every trade — win or lose — write down: ✔ Why you entered ✔ What your risk was ✔ How you felt before/during/after ✔ Whether it matched your strategy After a few weeks you will see patterns — and correct them. 🔹 6) Review Your Trading Rules Weekly Ask yourself: Did I follow my plan? Did I use the right stop loss? Was the risk too large? Am I trading while emotional? This reflection builds discipline.
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SLK STRATEGY Replied 8 hours ago - Yh, it wasn’t filled. I was not on the chart. I just set the entry and went doing other things
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EUR/USD Beginner Level trading Replied 9 hours ago - After falling towards the last eurusd expiry at 1.1795, price is now rebounding. There is another expiry at 1.1825 so that could act as the next price magnet.
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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
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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.