Threads
My first trade experience
Replied 28 minutes ago -
Your current time frame is on 1-hour, so change it to 5-minutes
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Daily FX Options Expiring by 10 AM New York Cut
Replied 1 hour ago -
Takeaway for traders: Options expiries don't guarantee direction, but they do tell you where price *wants* to gravitate. Use these levels as confluence with your technical analysis not as standalone signals.
Always trade the structure, let the options data confirm. 📌
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exness or fxpro: your honest opinion
Replied 18 hours ago -
Exness for standard account types
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minimum account balance for trading gold
Replied 18 hours ago -
I remember trading gold with as little as $10 account balance, but I got stopped out rather quickly
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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.