Forex trading in Kenya: answers for beginners

 

Online valuta handel firma, maklik-forex, sal op 13 September 'n opvoedkundige werkswinkel in Kenia aanbied vir opleiding en mentorhandelaars om verantwoordelike en suksesvolle aanlynhandel te bevorder. maklik-forex verklaring hieronder. easy-forex beklemtoon veilige, verantwoordelike aanlyn-valutabehandeling in die eerste Afrika-toer.

Neem die tyd om al die forex-handelswenke te leer ken voordat jy jou geld kan waag, anders kan jy al jou geld bele. Kwaliteit van die transaksies wat jy onderneem lae risiko transaksies met 'n hoe waarskynlikheid van sukses is meer belangrik in aanlyn-forex. Die Rendite Potenzial in diesem Markt sind riesig, wenn man eindeutig versteht, was er oder sie tut und effektiv führt eine profitable Handelsstrategie. It is easy to open an account with international brokers. As jy van Kenia is, kan jy 'n mikro-, mini-, standaard - of selfs Islamitiese forex-handelsrekening kies om geldeenhede en CFD's aanlyn te verhandel.

How does Forex Trading work in Kenya?

Online valuta handel firma, maklik-forex, sal op 13 September 'n opvoedkundige werkswinkel in Kenia aanbied vir opleiding en mentorhandelaars om verantwoordelike en suksesvolle aanlynhandel te bevorder. maklik-forex verklaring hieronder. easy-forex beklemtoon veilige, verantwoordelike aanlyn-valutabehandeling in die eerste Afrika-toer.

You would have gotten exactly 1 Million Shillings and made a profit of 92, Shillings in six months, since you bought the dollars cheaper than you sold them. This is how you make money by trading currencies. In the above example you probably saw that you needed 10, dollars to make a profit of about 1, in six month. That's a lot of money and a lot of time, but don't worry, there are ways to overcome this issues very easy.

Trading forex is done through a forex broker. The broker is a specialized company that creates the perfect environment for traders to take advantage of the currency fluctuations in no time.

Opening an account with a forex broker will allow you to trade on the international forex markets with huge amounts of money and make profits much faster. How is that possible? Forex brokers offer leverage in order to allow their clients to trade high amounts of money. A broker that gives you a leverage of 1: In short, you are trading a relaxed style and not trading to pay rent or trading to get food money.

You will probably have noticed that to use USD to get another USD at the end of the month is to ask that we double our account every other month. It is possible, and it has been done by many traders, but it is not a very practical thing in the long run.

We divided pips by 30days. This is not correct. The market is not open on Saturdays and Sundays, so minus these two days every week we are left with 22 days. That now brings out total trading days to 14 days. Now, let us assume that all 14 days, Tuesdays Wednesdays and Thursdays, you are making awesome trades. What is your target in this case? We suddenly are faced with a tall order there. Factor in the fact that not all your Tuesdays Wednesdays and Thursdays will be purely profitable and you begin to see the house of cards tumbling down….

So, what is a realistic target for this account size? Now, have a look at the forex rates of some of the top countries of the world with respect to the Kenyan Shilling on 20th April Currency Buying option Selling option. If you want to know the updated values of foreign exchange rates you can visit the official website of the central bank of Kenya — https: There are many people who trade in the forex market but only some of them become successful. All the traders in the forex market enjoy some exclusive facilities like compensation in dollars, tax-free income e.

Successful traders are those who guess it right when it comes to the price movement and thus make a huge amount of money while trading online. Take an example of one of the most successful Forex traders in Kenya — Ken Githaiga — he started his journey with nearly nothing in his hands but now he is labelled as an expert in this genre.

In order to make it as a successful trader, you need to have certain traits similar to an entrepreneur. The traits which one should possess to become a successful forex trader include:. The main secret to being successful is simulating a perfect trading strategy and being a perfect predictor of the price movement. There are many forex trading companies in Kenya. Here, we will provide you with the list of some of the forex bureaus in Kenya —. For names of other forex bureaus, you can visit this link — https: