Threads
US Iran War Market Analysis
Replied 5 hours ago -
@sandy and the US is far away from the war theatre making most of the attacks to be around europe and the middle east
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“Forex Traders Beware: Spread Widening, Gaps & Slippage During Geopolitical Crises”
Replied 9 hours ago -
Ohh, apologies for the confusion
it meant USDCHF moved upward very quickly in a short amount of time.
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Eurnzd Trade Setups and breakdowns
Replied 14 hours ago -
THIS PAIR IS BEARISH, I AM WAITING FOR THE LIQUIDITY TO BE SWEPT ON 4HRS BEFORE SELLING. I WILL KEEP YOU ALL POSTED.
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Daily FX Options Expiring by 10 AM New York Cut
Replied 14 hours ago -
EUR/USD expiries for today.
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Trending News
8 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.