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Trading with just $10, what should be my daily profit target?
Replied 1 hour ago -
🤧🤧 ask him how many times he have tried my opinion was better liquidity not mocking him
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Alpha Circle Nsukka | Charts, Psychology & Market Discussions
Replied 2 hours ago -
JUST IN: 🇺🇸 Pro-crypto Kevin Warsh officially sworn in as Federal Reserve Chair, replacing Jerome Powell.
@WatcherGuru
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Bitcoin Pizza Day: May 22
Replied 3 hours ago -
But Bitcoin Pizza Day highlights the other side: real innovation with strong fundamentals can deliver life-changing returns. The key is education, risk management, and not betting what you can't afford to lose
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forex brokers with $1 minimum deposit in Nigeria
Replied 3 hours ago -
Headway broker is good they have $1.5 minimum deposit
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Latest forex scams in Nigeria
Replied 4 hours ago -
Tell them, one mumu even went as far as promising someone 65% returns as if he owns the market.
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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.