The best way for beginner forex traders to become acquainted with the forex market is to trade on a demo account. But where do you get a free demo account to practice trading? Don’t sweat the small stuff. Many forex brokers offer a free demo/practice account. To access the demo, you only need to sign …
This is the second part of our forex trade risks and pitfalls tutorials. You can read the first part of this series here. If you would like to continue receiving tips on how to trade forex in Kenya, consider joining our newsletter. Understanding Volatility and How it Poses a Risk to Your Account Just like …
Your trading sucks. Or you are afraid of investing in forex trading because you are afraid of wiping out your account. Imagine depositing $100, $200, $500 or whichever capital you have set aside as forex investment only to receive a margin call after only a few trades… You would probably walk away and spend the …
Various forex brokers reacted differently to the Swiss National Bank’s announcement that it had removed a 3 -year old cap against the Euro. The announcement, which sent the markets into a fray and was dupped #Francogeddon on the social media, caused incredible volatility and extreme ‘illiquidity’ in the markets. Some brokers, such as the UK …
PAMM stands for Percentage Allocation Management Module. A PAMM account allows investors who have little knowledge about trading forex to invest in the industry where their investment is managed by fund managers. When you open a PAMM account, all your money will be handled by a dedicated funds manager. Advantages of Using a PAMM Forex …
The number of forex technical indicators in the market can be overwhelming especially to a new forex trader. The Good news? You don’t need to use all of them or know how all of them work. You can devise a profitable forex trading strategy using less than 3 indicators, which will take you less than 5 days to learn and master.
Investing in forex trading is like taking that first step out of your mother’s house. You never know what to expect out there. There are profits to be made in forex trading as well as massive losses to be incurred. According to statistics collected by Market Traders Institute, a renowned online financial training institute, only …
You have probably heard about the new business in town; online forex trading in Kenya. In fact, it has become so popular that it is threatening to overshadow every other online earning venture in Kenya. Nairobi has the highest number of online forex traders in Kenya. But this number is still less than expected, more …
Forex Day trading in Kenya is starting to take momentum. To keep you up-to-date on how you can invest in the forex trading industry in Kenya, we have lined up a series of lessons that will make you start trading like a pro. To make sure that you do not miss any of our forex …