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how to trade us30
Replied 18 minutes ago -
Bullish engulfing at the edge of the box is enough confirmation for me to go long
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 48 minutes ago -
New XauUsd outlook
Will wait for M15 confirmation before entry though
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+3
What is negative balance protection and why is it important?
Replied 1 hour ago -
No, that's not how it works. Closing the account doesn't erase the debt brokers can pursue legal action, collections, or report it, damaging your credit and future trading access.
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EUR/USD Beginner Level trading
Replied 5 hours ago -
I am short eurusd with SL above the London FIX
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Credit Agricole Month End Dollar Prediction Model
Replied 7 hours ago -
Agreed.
I'll be watching EURUSD and DXY positioning closely then.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 9 hours ago -
FX option expiries
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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.