{"id":7155,"date":"2020-09-01T11:47:44","date_gmt":"2020-09-01T11:47:44","guid":{"rendered":"https:\/\/learnbonds.com\/uk\/?page_id=7155"},"modified":"2024-04-29T11:02:40","modified_gmt":"2024-04-29T11:02:40","slug":"trading-forex","status":"publish","type":"page","link":"https:\/\/learnbonds.com\/uk\/trading\/forex","title":{"rendered":"Forex Trading UK Guide 2022"},"content":{"rendered":"<p>Currencies are constantly being exchanged around the world, to the tune of \u00a35 trillion per day. All that money flows in order to facilitate global trade, tourism, and banking.<\/p>\n<p>But the global flow of currency also provides an opportunity for traders. With forex trading, you can take advantage of changes in exchange rates between pairs of currencies to try to profit. Forex trading is extremely popular since it offers a fast-moving, volatile market that operates 24 hours a day all around the world.<\/p>\n<p>If you\u2019re thinking about jumping into forex trading in the UK, this guide will cover the basics you need to know. We\u2019ll explain forex trading for beginners, plus offer insight into tips and strategies you can use to succeed as a forex trader. We\u2019ll also highlight four of the most popular UK forex brokers and walk you through how to place your first forex trade.<\/p>\n<div data-accordeon class=\"toc-block\">\n  <div data-accordeon-item>\n    <div data-accordeon-title class=\"toc-title-wrapper\">\n      <div type=\"button\" class=\"toc-btn toc-btn_main\">\n          <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#fff\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/div>\n      <span class=\"toc-title\">\n        In This Guide      <\/span>\n    <\/div>\n      <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n          <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is Forex Trading?<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-what_is_forex_trading\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_pairs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Pairs<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_times\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Times<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_fees\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Fees<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#why_people_trade_forex\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Why People Trade Forex<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-why_people_trade_forex\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#is_forex_trading_profitable\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Is Forex Trading Profitable?<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#how_much_money_can_you_potentially_make_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">How Much Money Can You Potentially Make Forex Trading?<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_risks\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Risks<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_strategies\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Strategies<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#automated_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Automated Forex Trading<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-automated_forex_trading\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_signals\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Signals<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_robots\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Robots<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_tax_uk\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Tax UK<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_tips\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Tips<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#popular_forex_trading_platforms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Popular Forex Trading Platforms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#conclusion\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Conclusion<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faqs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n\n        <\/div>\n\n    <\/li>      <\/ul>\n  <\/div>\n    <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n        <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is Forex Trading?<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-what_is_forex_trading\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_pairs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Pairs<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_times\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Times<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_fees\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Fees<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#why_people_trade_forex\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Why People Trade Forex<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-why_people_trade_forex\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#is_forex_trading_profitable\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Is Forex Trading Profitable?<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#how_much_money_can_you_potentially_make_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">How Much Money Can You Potentially Make Forex Trading?<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_risks\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Risks<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_strategies\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Strategies<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#automated_forex_trading\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Automated Forex Trading<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-automated_forex_trading\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_trading_signals\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Trading Signals<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#forex_robots\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Forex Robots<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_tax_uk\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Tax UK<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#forex_trading_tips\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Forex Trading Tips<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#popular_forex_trading_platforms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Popular Forex Trading Platforms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#conclusion\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Conclusion<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faqs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n\n        <\/div>\n\n    <\/li>    <\/ul>\n<\/div>\n\n<h2 id=\"what_is_forex_trading\">What is Forex Trading?<\/h2>\n<p>Forex trading involves exchanging one currency for another. It\u2019s differentiated from simply exchanging currency, like you might on a foreign vacation, by the fact that forex traders aim to profit off of the exchange. Typically, a forex trade ends with a return to your original currency so that you can realize a return.<\/p>\n<p><img decoding=\"async\" class=\"size-medium wp-image-7158 alignright\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/WhatIsFX-300x274.png\" alt=\"What is forex trading?\" width=\"300\" height=\"274\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/WhatIsFX-300x274.png 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/WhatIsFX.png 540w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>A way to understand forex trading is with an example. Let\u2019s say you have \u00a3100, which you exchange for US dollars at the current exchange rate of 1 to 1.33 \u2013 netting you $133. Now, the exchange rate can change while you\u2019re holding dollars. If it falls to 1 to 1.20, say, meaning that the value of the pound has fallen relative to the dollar, then your $133 is worth \u00a3110 at the new exchange rate. You can exchange from dollars back to pounds to realize a tidy profit of \u00a310.<\/p>\n<p>The exciting thing about forex trading in the UK is that there are dozens of currencies to trade. Plus, the forex market is somewhat volatile, so these small exchange rate fluctuations happen all the time. For forex traders, that means that there are plenty of opportunities to jump into the market.<\/p>\n<h3 id=\"forex_trading_pairs\">Forex Trading Pairs<\/h3>\n<p>One of the important things for beginners to know about forex trading is that every forex trade involves a pair of currencies. This makes sense \u2013 you have to start from one currency and exchange into another.<\/p>\n<p>However, the fact that forex trades in pairs also has important implications for how you can trade currencies. A currency doesn\u2019t gain or lose value in a vacuum. Rather, it always gains or loses value relative to another currency.<\/p>\n<p>For example, it is possible for the pound to gain value against the dollar but to lose value against the euro at the same time. When trading forex, it\u2019s important to think about how the relative value of two currencies will change instead of just thinking about what might happen to a single currency.<\/p>\n<p>Forex pairs are generally subdivided into three categories:<\/p>\n<p><strong>Major Pairs: <\/strong>These seven currency pairs involving the US dollar make up the majority of forex trading. Examples include the USD\/GPB, UDS\/EUR, and USD\/JPY pairs. Price changes within these currency pairs are generally small, but so are the fees for trading major pairs. If you want to try out forex trading for beginners, the major pairs are a good place to start.<\/p>\n<p><strong><img decoding=\"async\" class=\" wp-image-7159 alignright\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Minor-or-cross-currency-pairs-of-Forex-Market-300x180.png\" alt=\"Minor currency pairs\" width=\"350\" height=\"210\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Minor-or-cross-currency-pairs-of-Forex-Market-300x180.png 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Minor-or-cross-currency-pairs-of-Forex-Market.png 750w\" sizes=\"(max-width: 350px) 100vw, 350px\" \/>Minor Pairs: <\/strong>There are more than 20 minor forex pairs, some involving the US dollar and some that cross the other currencies of the major pairs. Some examples are EUR\/GBP, GBP\/CAD, and AUD\/JPY. Minor forex pairs are also very popular among forex traders, and they typically experience slightly more volatility than major pairs.<\/p>\n<p><strong>Exotics: <\/strong>Exotic forex pairs are pairs of currencies that aren\u2019t frequently traded. Examples include USD\/NOK, EUR\/TRY, and USD\/ZAR. Exotic forex pairs can be very volatile since trading volumes are typically low. As a result of the low trading volume, brokers typically charge relatively high fees for trading exotic pairs.<\/p>\n<h3 id=\"forex_trading_times\">Forex Trading Times<\/h3>\n<p>One major difference between trading forex and trading stocks is when you can do it. Whereas stock markets are typically country-specific, the forex market is global. As a result, it operates 24 hours a day, five days a week. You can trade any forex pair from 9pm Sunday night to 9pm Friday night.<\/p>\n<h3 id=\"forex_trading_fees\">Forex Trading Fees<\/h3>\n<p>For the most part, UK forex trading is commission-free. That means you won\u2019t have to pay a flat commission of several pounds every time you place a trade, as is often the case when you <a href=\"https:\/\/learnbonds.com\/uk\/buy-shares\/\">buy shares<\/a>.<\/p>\n<p>However, forex trading isn\u2019t completely free. Forex brokers make money through the spread, which is the difference between the buy and sell prices for a forex pair. Typically, the spread is just a fraction of a percent. In fact, you\u2019ll often see spreads measured in pips, where a pip is one one-hundredth of a percent. Many brokers charge spreads of 1 pip (0.01%) for trading a major forex pair.<\/p>\n<p><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/p>\n<table dir=\"ltr\" style=\"width: 73.8814%;height: 168px\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"93\" \/>\n<col width=\"86\" \/>\n<col width=\"184\" \/>\n<col width=\"117\" \/>\n<col width=\"137\" \/><\/colgroup>\n<tbody>\n<tr style=\"height: 48px\">\n<td style=\"height: 48px;width: 14.8221%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"UK Stock Broker Fees\"}\"><strong>Forex Broker\u00a0<\/strong><\/td>\n<td style=\"height: 48px;width: 24.5059%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Charge Per Trade\"}\"><strong>Charge Per Trade<\/strong><\/td>\n<td style=\"height: 48px;width: 22.0356%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Annual Fee\"}\"><strong>Annual Fee<\/strong><\/td>\n<td style=\"height: 48px;width: 22.332%\" data-sheets-value=\"{\"1\":2,\"2\":\"Conversion Fee\"}\"><strong>EUR\/USD Spread<\/strong><\/td>\n<td style=\"width: 22.4362%;text-align: center;height: 48px;border-color: black\" data-sheets-value=\"{\"1\":2,\"2\":\"Minimum Deposit\"}\"><strong>Inactivity Fee<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px\">\n<td style=\"height: 24px;width: 14.8221%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Plus500\"}\">Plus500<\/td>\n<td style=\"height: 24px;width: 24.5059%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"0% Commission\"}\">Free<\/td>\n<td style=\"height: 24px;width: 22.0356%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Free\"}\">None<\/td>\n<td style=\"height: 24px;width: 22.332%;text-align: center\" data-sheets-value=\"{\"1\":3,\"3\":0.005}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">0.6 pips<\/td>\n<td style=\"width: 22.4362%;text-align: center;height: 24px\" data-sheets-value=\"{\"1\":2,\"2\":\"\u00a3100\"}\">\u00a310 per quarter after 3 months<\/td>\n<\/tr>\n<tr style=\"height: 48px\">\n<td style=\"height: 48px;width: 14.8221%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"IG\"}\">FinmaxFX<\/td>\n<td style=\"height: 48px;width: 24.5059%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"\u00a33 or \u00a38\"}\">Free<\/td>\n<td style=\"height: 48px;width: 22.0356%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"\u00a324 per quarter (less than 3 trades)\"}\">None<\/td>\n<td style=\"height: 48px;width: 22.332%;text-align: center\" data-sheets-value=\"{\"1\":3,\"3\":0.005}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">3 pips<\/td>\n<td style=\"width: 22.4362%;text-align: center;height: 48px\" data-sheets-value=\"{\"1\":2,\"2\":\"\u00a320\"}\">$80 after 3 months, $120 after 3 months<\/td>\n<\/tr>\n<tr style=\"height: 24px\">\n<td style=\"height: 24px;width: 14.8221%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Hargreaves Lansdown\"}\">Forex.com<\/td>\n<td style=\"height: 24px;width: 24.5059%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"\u00a35.95 to \u00a311.95\"}\">Free or \u00a34<\/td>\n<td style=\"height: 24px;width: 22.0356%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"Free\"}\">None<\/td>\n<td style=\"height: 24px;width: 22.332%;text-align: center\" data-sheets-value=\"{\"1\":2,\"2\":\"0.25% to 1%\"}\">1 pip or 0.2 pips<\/td>\n<td style=\"width: 22.4362%;text-align: center;height: 24px\" data-sheets-value=\"{\"1\":3,\"3\":100}\" data-sheets-numberformat=\"{\"1\":4,\"2\":\"\"$\"#,##0\",\"3\":1}\">\u00a312 per month after one year<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Keep in mind that your forex broker might charge additional fees. If you borrow money from your broker, for example, you\u2019ll have to pay interest on that amount. Some brokers also charge account fees that can add up over time.<\/p>\n<h2 id=\"why_people_trade_forex\">Why People Trade Forex<\/h2>\n<p>Why trade forex? There are several key reasons that forex trading in the UK is exploding in popularity.<\/p>\n<p>To start, the global, always-on nature of the forex market appeals to many traders. When trading forex, you\u2019re not limited to your own country\u2019s currency. You can trade any forex pair, regardless of whether it includes the pound. In addition, since a currency is most volatile when the country it belongs to is awake, different forex pairs are more active at different times of the day.<\/p>\n<p>Another benefit of forex trading for beginners is that the barriers to entry are low. There are no commissions and the fees for trading forex are typically around 0.01% of your total trade size. In addition, the minimum amount of forex you can trade is often low. Some brokers don\u2019t require any trade minimum, while at others the minimum trade size is just \u00a340.<\/p>\n<p>It\u2019s also nice that forex trading hours are 24 hours a day. You get to choose when you want to trade, whether it\u2019s for a few hours every evening or as a full-time job.<\/p>\n<p><img decoding=\"async\" class=\" wp-image-7161 alignright\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Leverage-1-300x169.jpg\" alt=\"Leverage in forex trading\" width=\"350\" height=\"197\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Leverage-1-300x169.jpg 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Leverage-1-1024x576.jpg 1024w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Leverage-1-768x432.jpg 768w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Leverage-1.jpg 1200w\" sizes=\"(max-width: 350px) 100vw, 350px\" \/>One particularly important advantage to UK forex trading is that you can leverage your trades. With leverage, you borrow money from your broker to multiply the effective size of your trade. If you have \u00a3100 in your trading account, 10:1 leverage allows you to take a forex position of up to \u00a31,000.<\/p>\n<p>That\u2019s a big deal because it means you can see significant returns with just a small initial investment. So, you don\u2019t have to commit a lot of money to any one trade. You can either keep your account small or diversify your positions by trading several different forex pairs at the same time.<\/p>\n<h3 id=\"is_forex_trading_profitable\">Is Forex Trading Profitable?<\/h3>\n<p>Forex trading can be profitable. However, it\u2019s important to realize that profiting consistently takes time and practice. You need to have a clearly defined trading strategy and practice good risk management techniques. We\u2019ll offer some tips on how to improve your profitability below.<\/p>\n<p>Generally, the price changes within forex pairs are small. For example, a variation of 0.01% in the exchange rate between the dollar and pound is considered large. In order to capitalize on these small price changes, you\u2019ll need to establish relatively sizable positions.<\/p>\n<p>This is where leverage comes in again. With 10:1 leverage, a 0.01% change in the price of a currency pair translates to a 1% change in the value of your forex position. You can use leverage to magnify small price changes and increase your potential profit or loss from a trade.<\/p>\n<h3 id=\"how_much_money_can_you_potentially_make_forex_trading\">How Much Money Can You Potentially Make Forex Trading?<\/h3>\n<p>The amount of money you can potnetially make forex trading depends on how much you\u2019re willing to risk. A way to understand profits in forex trading is to look at a real-world example.<\/p>\n<p>Let\u2019s say you have \u00a3100 in your trading account. You can buy the EUR\/USD currency pair with 100:1 leverage, effectively giving you a \u00a310,000 position. If the value of the EUR rises by 0.5% relative to USD within a day, you can exit your position for a 50% gain or \u00a350.<\/p>\n<p>The next day, you can start compounding your account. You now have \u00a3150 to trade, so you can take a \u00a315,000 position in EUR\/USD. If it again rises by 0.5%, you earn a profit of \u00a375.<\/p>\n<p>Keep in mind that these positions were only held for a few hours to avoid overnight leverage fees, which can eat away some of your profits. It\u2019s also important to remember that not every trade will be a winning one. It\u2019s important to minimize your losses so that they don\u2019t wipe away your earnings from forex trading.<\/p>\n<h3 id=\"forex_trading_risks\">Forex Trading Risks<\/h3>\n<p>Of course, forex trading carries risks just like all types of trading. There\u2019s always a possibility that a trade goes against you and the value of your forex position falls. In that case, you could be forced to exit your forex trade for a loss.<\/p>\n<p>Also keep in mind that leverage is a double-edged sword. Let\u2019s use the example of trading with 10:1 leverage again. If the value of a currency pair falls by 0.01% instead of rising by that amount, the value of your forex position will fall by 1%. Leverage multiples your potential risk as well as your potential profit.<\/p>\n<h2 id=\"forex_trading_strategies\">Forex Trading Strategies<\/h2>\n<p>Approaching forex trading with a well-defined and proven strategy is key to making consistent profits. There are many different ways that you can go about trading forex. To help you get started, let\u2019s take a closer look at some popular forex trading strategies.<\/p>\n<p><strong>Forex Day Trading<\/strong><\/p>\n<p>Forex day trading isn\u2019t so much a single strategy as a general approach to forex trading in the UK. When day trading, the goal is to keep positions open only for a few minutes to a few hours. Day traders always exit all positions before signing off for the day.<\/p>\n<p>Typically, forex day trading is a full-time job. You need to continuously monitor the market in order to stay ahead of price changes. Some of the other strategies that we\u2019ll cover can be incorporated into day trading.<\/p>\n<p><strong>Swing Trading<\/strong><\/p>\n<p>Swing trading is a strategy that can be used by both day traders and forex traders operating on weekly timescales. With swing trading, your goal is to find periods when the price of a forex pair is trending strongly up or down. Enter the trade when the trend starts, and then exit it as soon as there are signs of a reversal. If a reversal happens and the currency pair starts trending in the opposite direction, you can open another trade to capitalize on the swing.<\/p>\n<p><strong>Range-based Trading<\/strong><\/p>\n<p><img decoding=\"async\" class=\"size-medium wp-image-7157 alignright\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Range-bound-trading-300x182.png\" alt=\"Range-based forex trading strategy\" width=\"300\" height=\"182\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Range-bound-trading-300x182.png 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Range-bound-trading-768x467.png 768w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/Range-bound-trading.png 1020w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>For a range-based forex trading strategy to work, you need to identify a forex pair that is trending sideways. Ideally, clear areas of support and resistance will have been established, and the price will simply bounce between these two areas. You can trade the forex pair when it\u2019s moving from support to resistance or vice versa. Just be careful around the support and resistance levels since there\u2019s always a chance the price will break out of its pattern.<\/p>\n<h2 id=\"automated_forex_trading\">Automated Forex Trading<\/h2>\n<p>Many forex traders take some of the effort out of trading by setting up automated trading systems. Automation is helpful because it reduces the amount of time you have to spend watching price action develop. In addition, having an automated forex trading system can help take some of the emotions out of trading.<\/p>\n<p>There are two different types of automated forex trading systems: forex signals and forex robots.<\/p>\n<h3 id=\"forex_trading_signals\">Forex Trading Signals<\/h3>\n<p>Forex trading signals are sets of technical indicators that trigger an alert. For example, you could set up a trading signal that looks at popular indicators like MACD, RSI, and a moving average. If the three parameters align, your system will pop up an alert on your screen or your smartphone giving you the information you need to make a trading decision.<\/p>\n<h3 id=\"forex_robots\">Forex Robots<\/h3>\n<p>Forex robots operate just like forex signals, except that they\u2019ll actually place trades on your behalf instead of just sending you an alert. Even better, many forex robots will manage your trades for you. They can continue to watch price changes and automatically exit your position when another set of conditions is reached.<\/p>\n<p>Of course, it\u2019s important to be cautious when trading forex with robots. Since the trades are automated, you\u2019ll want to be sure that your robot has strict limitations on when it can and cannot place trades.<\/p>\n<h2 id=\"forex_trading_tax_uk\">Forex Trading Tax UK<\/h2>\n<p>Forex trading in the UK is subject to taxes under some conditions, but not others. If you trade forex through <a href=\"https:\/\/learnbonds.com\/uk\/spread-betting\">spread betting<\/a>, you are not subject to capital gains taxes or any other tax unless trading is your primary source of income.<\/p>\n<p>If you trade forex through <a href=\"https:\/\/learnbonds.com\/uk\/cfd-trading\">CFD trading<\/a>, though, you are subject to capital gains taxes. Capital gains tax in the UK can be up to 20% of your entire profit from forex trading.<\/p>\n<h2 id=\"forex_trading_tips\">Forex Trading Tips<\/h2>\n<p>Before you dive into forex trading, it\u2019s important to make sure you\u2019re prepared. Here are five tips you can use to set yourself up for success with trading forex.<\/p>\n<ol>\n<li><strong> Read Forex trading books<\/strong><\/li>\n<\/ol>\n<p>This guide is a great place to learn about forex trading for beginners. But if you want to learn more about strategies and popular practices, consider a forex trading book.\u00a0 \u2018Forex Trading: The Basics Explained in Simple Terms\u2019 by Jim Brown and \u2018The Black Book of Forex Trading: A Proven Method to Become a Profitable Trader in Four Months and Reach Your Financial Freedom by Doing It\u2019 by Paul Langer.<\/p>\n<ol start=\"2\">\n<li><strong> Take a forex trading course<\/strong><\/li>\n<\/ol>\n<p>You can go even deeper into learning about forex trading in the UK by taking a dedicated course. Many brokers and professional traders offer online forex trading courses to demonstrate techniques and help you develop a trading strategy.<\/p>\n<ol start=\"3\">\n<li><strong> Try a forex demo account<\/strong><\/li>\n<\/ol>\n<p>Most top forex brokers offer demo accounts alongside their live trading accounts. With a forex demo account, you can practice trading in a safe environment with simulated money. Get familiar with your broker\u2019s forex trading platform, try out a new strategy, and track your performance all without risking real money.<\/p>\n<ol start=\"4\">\n<li><strong> Practice good risk management<\/strong><\/li>\n<\/ol>\n<p><img decoding=\"async\" class=\"size-medium wp-image-7160 alignright\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/unnamed-300x126.jpg\" alt=\"Stop loss order\" width=\"300\" height=\"126\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/unnamed-300x126.jpg 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/08\/unnamed.jpg 475w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>A key part of succeeding as a forex trader is limiting your losses. You don\u2019t have to win every trade, but your winning trades do have to be bigger than your losing trade. Placing a stop loss with every forex trade, which will automatically exit your position if a trade goes against you.<\/p>\n<ol start=\"5\">\n<li><strong> Don\u2019t get greedy<\/strong><\/li>\n<\/ol>\n<p>It\u2019s easy to justify continuing to hold a position when things are going well. But it\u2019s better to capture profits while things are good as opposed to waiting too long and seeing your unrealized gains disappear. If you do want to leave room for more upside, consider selling 75% of a position instead of the whole thing.<\/p>\n<h2 id=\"popular_forex_trading_platforms\">Popular Forex Trading Platforms<\/h2>\n<p>In order to start trading forex, you\u2019ll need a top UK forex trading platform. There are plenty of options for a\u00a0<a href=\"https:\/\/learnbonds.com\/uk\/forex-brokers\">UK forex broker<\/a>, but they vary widely in terms of pricing, quality, and analysis tools. To make your search easier, we\u2019ll highlight some of the most popular forex trading platforms.<\/p>\n                    \n                    <div class=\"inContentProviderStatic inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderStatic--wrapper\">\n                            <div class=\"container p-0\">\n                                <div class=\"row mb-lg-3 inContentProviderStatic--headerRow\">\n                                    <div class=\"col-12\">\n                                        <h3 class=\"inContentProviderStatic--title\"><strong>Plus500<\/strong><\/h3>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mb-3 pt-sm-3 pt-md-3 pt-lg-0\">\n                                    <div class=\"col-12 col-sm-8 col-lg-9\">\n                                        <div class=\"inContentProviderStatic--descriptions\">\n                                            <p>\n<\/p><p class=\"paragraph-text-0\">Plus500 is one of the most cost-effective forex brokers around. At Plus500, you\u2019ll find spreads as low as 0.6 pips for popular major currency pairs like USD\/EUR. Even better, you can access leverage up to 300:1. So, this broker is suitable for aggressive traders who want to take big forex stakes.<\/p>\n<p class=\"paragraph-text-0\">One of the things we like about Plus500 is its mobile forex trading app. You get access to Plus500\u2019s advanced charting platform and dozens of technical indicators through the smartphone app. Even better, you can set price alerts from your desktop or phone and have them pushed to your smartphone\u2019s lock screen.<\/p>\n<p class=\"paragraph-text-0\">Plus500\u2019s web interface is nice, but it doesn\u2019t offer a ton of features that help distinguish it from what other brokers offer. There are more than 90 technical studies, but you cannot create your own indicators or forex signals. Plus500 also doesn\u2019t support social trading or copy trading.<\/p>\n<p><img class=\"paragraph-image-0\"><\/p>\n                                        <\/div><!--\/.descriptions-->\n                                    <\/div>\n                                    <div class=\"col-12 col-sm-4 col-lg-3 order-first order-md-2\">\n                                        <div class=\"inContentProviderStatic--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 90%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div><!--\/.rating-->\n\n                                        <div class=\"inContentProviderStatic--provider-logo mt-2\">\n                                            <img decoding=\"async\" class=\"float-md-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/plus500-demo-account.png\" alt=\"UK Trading\">\n                                        <\/div><!--\/.logo-->\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--pros\">\n                                            <ul class=\"inContentProviderStatic--pros-list\">\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--cons\">\n                                            <ul class=\"inContentProviderStatic--cons-list\">\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mt-3\">\n                                    <div class=\"col-12 col-md-12 text-center text-sm-left\">\n                                        <div class=\"inContentProviderStatic--button\">\n                                                                                        <a href=\"https:\/\/learnbonds.com\/uk\/visit\/plus500-forex\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Visit Plus500<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderStatic--disclaimerText\">\n                                            80.5% of investors lose money when trading CFDs. <em>Sponsored ad<\/em>                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderStatic--wrapper-->\n                    <\/div><!--\/.inContentProviderStatic-->\n\n                                        \n                    \n                    <div class=\"inContentProviderStatic inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderStatic--wrapper\">\n                            <div class=\"container p-0\">\n                                <div class=\"row mb-lg-3 inContentProviderStatic--headerRow\">\n                                    <div class=\"col-12\">\n                                        <h3 class=\"inContentProviderStatic--title\"><strong>Forex.com<\/strong><\/h3>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mb-3 pt-sm-3 pt-md-3 pt-lg-0\">\n                                    <div class=\"col-12 col-sm-8 col-lg-9\">\n                                        <div class=\"inContentProviderStatic--descriptions\">\n                                            <p>\n<\/p><p class=\"paragraph-text-0\">Forex.com blows away the competition when it comes to the sheer number of forex pairs on offer. With this forex CFD broker, you can trade more than 80 different forex pairs. That includes a ton of exotics that most brokers don\u2019t carry, like HKD\/MXP and NZD\/RUB.<\/p>\n<p class=\"paragraph-text-0\">One thing to note about Forex.com is that it offers two different types of trading accounts. With a Standard account, you get commission-free trades and spreads that start at 1 pip for popular major forex pairs. With a Commission account, you get much lower spreads \u2013 down to 0.2 pips for major pairs \u2013 but pay a fixed commission of \u00a34 for every trade.<\/p>\n<p class=\"paragraph-text-0\">Forex.com uses MetaTrader 4 as its standard trading platform, so you get access to advanced charting features and forex signals. You can also access the MetaTrader 4 mobile app for trading currencies on the go.<\/p>\n<p><img class=\"paragraph-image-0\"><\/p>\n                                        <\/div><!--\/.descriptions-->\n                                    <\/div>\n                                    <div class=\"col-12 col-sm-4 col-lg-3 order-first order-md-2\">\n                                        <div class=\"inContentProviderStatic--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 82%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div><!--\/.rating-->\n\n                                        <div class=\"inContentProviderStatic--provider-logo mt-2\">\n                                            <img decoding=\"async\" class=\"float-md-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Forex.com-Logo.png\" alt=\"UK Trading\">\n                                        <\/div><!--\/.logo-->\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--pros\">\n                                            <ul class=\"inContentProviderStatic--pros-list\">\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-6\">\n                                        <div class=\"inContentProviderStatic--cons\">\n                                            <ul class=\"inContentProviderStatic--cons-list\">\n                                                                                                                                                                                            <\/ul>\n                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row mt-3\">\n                                    <div class=\"col-12 col-md-12 text-center text-sm-left\">\n                                        <div class=\"inContentProviderStatic--button\">\n                                                                                        <a href=\"https:\/\/learnbonds.com\/uk\/visit\/forex.com\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Visit Forex.com<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderStatic--disclaimerText\">\n                                            There is no guarantee you will make money with this provider. <em>Sponsored ad<\/em>                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderStatic--wrapper-->\n                    <\/div><!--\/.inContentProviderStatic-->\n\n                                        \n<h2 id=\"conclusion\">Conclusion<\/h2>\n<p>Forex trading offers the potential for profit while giving you exposure to a global, 24-hour-a-day market. Start small and practice with your broker\u2019s demo account before moving on to live trading. With practice, it\u2019s possible to manage your risk and make a profit from trading forex.<\/p>\n<h2 id=\"faqs\">FAQs<\/h2>\n<div class='man_faq_sec' itemscope itemtype='https:\/\/schema.org\/FAQPage'> <\/time><time itemprop=\"dateModified\" datetime=\"2020-03-21 11:33:56\"><\/time><script>jQuery(document).ready(function() {\r\n\t\t\tjQuery('.accordionButton').on('click', function() {\r\n\r\n\t\t\t\t\/\/REMOVE THE ON CLASS FROM ALL BUTTONS\r\n\t\t\t\tjQuery('.accordionButton').removeClass('on');\r\n\t\t\t\t\t\r\n\t\t\t\t\/\/NO MATTER WHAT WE CLOSE ALL OPEN SLIDES\r\n\t\t\t\tjQuery('.accordionContent').slideUp('normal');\r\n\t\t\t\r\n\t\t\t\t\/\/IF THE NEXT SLIDE WASN'T OPEN THEN OPEN IT\r\n\t\t\t\tif(jQuery(this).closest('.ms_faq').find('.accordionContent').is(':hidden') == true) {\r\n\t\t\t\t\t\r\n\t\t\t\t\t\/\/ADD THE ON CLASS TO THE BUTTON\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionButton').addClass('on');\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\/\/OPEN THE SLIDE\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionContent').slideDown('normal');\r\n\t\t\t\t} \r\n\t\t\t\t\t\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t\t<\/script><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How does forex trading work?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Forex trading works by exchanging one currency for another. If the exchange rate changes, you can then convert your currency back to realize a profit or loss. Most forex trading takes place through spread betting or CFDs, so you never actually own the underlying currency.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What is margin in forex trading?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">You use margin when trading forex with leverage. Margin is the amount of money that you\u2019re required to have as part of your leveraged trade. If you buy \u00a31,000 of currency at 10:1 leverage, your required margin would be \u00a3100.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What are pips in forex trading?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">A pip is one one-hundredth of a percent, or 0.01%. The typical spread for a major forex pair is around 1 pip, meaning that you pay 0.01% of your trade value when you enter and when you exit a forex trade.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Is forex trading halal?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Standard forex trading accounts are not considered halal, but many brokers offer Islamic trading accounts that are. These halal forex trading accounts don\u2019t charge interest, but the spreads and commissions are higher.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What is a popular forex trading app?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">This depends on what features you need. Look for price alerts, technical charts, and social trading networks. <\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How much money can you make in forex trading?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">There isn\u2019t a limit to how much money you can make from forex trading. However, it\u2019s up to you to make sure that you turn a profit rather than a loss. You must carefully manage risk and approach every trade with a clearly defined plan.<\/p>\r\n                <\/div><\/div><\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Currencies are constantly being exchanged around the world, to the tune of \u00a35 trillion per day. All that money flows in order to facilitate global trade, tourism, and banking. But the global flow of currency also provides an opportunity for traders. With forex trading, you can take advantage of changes in exchange rates between pairs&#8230;<\/p>\n","protected":false},"author":673,"featured_media":0,"parent":2312,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-7155","page","type-page","status-publish","hentry"],"acf":{"show_disclaimer":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex Trading Guide UK April 2025 - Learn How to Trade Forex<\/title>\n<meta name=\"description\" content=\"Want to trade forex in the UK? We&#039;ll explain how forex trading works and show you how to get started. 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