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EUR/USD Beginner Level trading
Replied 6 hours ago -
Going as planned, the play is for NY to push towards the expiries at 850
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High minimum withdrawal with brokers: how to bypass it
Replied 9 hours ago -
Some brokers will not allow you withdraw if you have not placed a trade but its not an issue, you can always open and close a trade real fast then make your withdrawal.
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Why is Oanda getting sold to FTMO Prop Firm?
Replied 13 hours ago -
Pls i would like to know more about this.
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FUNDING PIPS PROP FIRM REVIEW
Replied 13 hours ago -
well, its not that expensive compared to other prop firms.
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why you should have a daily loss limit in forex
Replied 14 hours ago -
Shout out to prop firms for promoting loss limits in trading. Its very important for discipline
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Daily FX Options Expiring by 10 AM New York Cut
Replied 16 hours ago -
Major EUR/USD expiry at 1.1850 may push price upward during London.
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Trending News
14 hours 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.