Threads
after six hours my trade is only 5 pips profit, should I close it or wait?
Replied 4 hours ago -
Since the trade is in profit, I think you just need to sit on your hands and wait.
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forex brokers with $1 minimum deposit in Nigeria
Replied 4 hours ago -
I know of HeadWay broker. Their minimum deposit is N2,000
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A fun Challenge - Who will predict the trade with highest R:R
Replied 4 hours ago -
Well, at the moment you are right 😂 my sell didn’t work.
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when does London session open in Nigeria, is it by 8 am or 9 am?
Replied 5 hours ago -
Daylight savings began yesterday (last Sunday of March) so London session will now open by 8 am sharp (no longer 9 am).
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daylight savings start time for 2026
Replied 5 hours ago -
I use cTrader and TradingView and they both adjusted the time zone for DST automatically. For MetaTrader it doesn't adjust for some brokers.
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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.