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Learn how to instantly spot good entries in the forex market. Learn how to maximize the profitability of each trade. Learn how to trade without conflicting indicators. Learn psychological traps specific to you and how to avoid them… and much more. There is simply no substitute for one-on-one forex trade training with an expert.

One full year of phone, IM, Zoom, and email mentoring support after your 5-days of One-on-One training to ensure your success. Although primarily for forex trading the popular Kenya Forex Firm Trading Course has techniques that will work on financial markets, in any time frame. For new traders through experienced traders… your training will be customized to your skills and requirements.

We also teach you trading psychology, which is actually just as important as the techniques. No ambiguity, no guesswork. Learn the forex trading entries that have high probability and low initial risk. Learn trade management techniques. How to place your initial protective stop, shedding techniques, how to correctly trail your stop, and of course, exiting techniques. No matter what your background or experience is, my forex trading training course can help you achieve success.

From beginners to highly experienced traders, I offer the training you need to be a successful forex trader. One-on-one means the course is tailored to YOU and YOUR specific needs. Once completed, you will feel in control of your investments and your ability to maximize your income. After struggling for years to understand how to trade and letting other people lose my money, I finally feel like something is clicking.

Patrick Mahinge was the answer to many prayers. Now I believe I can dig out of debt and be prepared for retirement in another 6 years! Kenya Forex Firm presents its forex training material in a very logical, concise way and explained in a way that the average person can understand. I truly like these guys and look forward to learning more from them.

Futures, CFDs, and Forex are leveraged products with a high degree of risk to your capital. Such products may not be suitable for all investors and therefore you need fully understand the risks associated with them and seek independent advice if necessary. The information in this site does not contain and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument.

An address. Mon to Friday am to pm. Enter your email address to get the latest updates and offers. They will convert your Dollar into Kenyan Shilling at the latest exchange rates. In this above example, the exchange or bank will also charge a markup fees, to process your forex transaction. This fees is generally by offering you a sell rate higher than the buy rate.

Let's say buy rate for 1 USD would be Ksh. then the sell rate would be or lower, depending on your bank which is participating in the FX market on your behalf to exchange your currency.

If you are trading forex, then you will come across some terms that you should remember if you want to be an active trader. In the forex market all currencies are traded in pairs, against each other. Pip is the smallest decimal value in a currency's price. It is generally the last decimal in the quote. The movement from 1.

This is effective because it leaves the extra money with the investor with which other investment options can be tried or can be kept for personal use. Leverage is given by CFD brokers. Since forex trades generally take place in standard lots, which is , units of currency, we assume we are buying 1 lot of EUR.

Leverage is calculated by dividing the total trade value by the margin required. This would give us a leverage of In case the EUR value appreciates by pips to 1. Hence, we are able to trade and profit more with less capital but high leverage. Most investors look for high leverage offerings but one should understand that high leverage also increases the risks of high losses in case of negative trades.

For CFD instruments other than forex, you should strictly use leverage of no more than Also Read: Our guide on What is Leverage in Forex Trading. The bid price is the maximum price at which a trader or a broker is willing to buy a forex pair. The ask price is the minimum price at which a trader or broker is willing to sell a forex pair. One thing to note here is, the bid and ask prices operate differently for brokers or market-makers and price takers or regular investors.

Market-makers buy at the bid price and sell at the ask price. Price takers buy at the ask price and sell at the bid price. The concept of the bid and ask prices is similar to the buying and selling prices of groceries from the perspective of a shopkeeper. As a shopkeeper, the wholesaler's selling price is equal to your buying price. Similarly, when you are selling the same groceries to your customers, your selling price will be equal to your customers' buying prices.

Generally, the bid prices are lower than the respective ask prices. This is because the sellers try their best to make a profit off a trade. It is good for you if your broker has a lower spread, which would mean lower fees for a trade.

For trading in the forex market you need to trade via a broker. The broker's Bid price would be quoted as something like 1. The difference between this is the broker's fees called the spread. The lower the spread, the better it is for trader. This is because it will allow you to retain more profit or a lower loss. as these can make the overall fees higher even if the spread is low.

For ex. And there is Broker B, that has 1. The overall fees would likely be lower with broker B, depending on your trading volume. The value of your order will depend on the units of a currency traded.

Generally these units are referred to as lots. You will see the option to choose the number of lots that you want to trade on the brokers platform. Most brokers allow to trade custom number of lots, for example you can trade 5 Mini Lots, or even 5. Brokers like FxPesa, Exness etc. that offer MetaTrader have this option. Capital Markets Authority CMA of Kenya has made online forex trading in Kenya more regulated now. To trade forex in Kenya via a locally regulated broker, you need to open an account with any of the forex brokers regulated and licensed by CMA.

There are six such brokers who are regulated by CMA: EGM Securities, PepperStone Kenya, ForexTime Exinity Group , HotForex, Windsor Markets and Scope Markets.

There are also global foreign regulated forex brokers accepting traders from Kenya - that are regulated with foreign regulators like Financial Conduct Authority FCA , Financial Sector Conduct Authority FSCA , Australian Securities and Investments Commission ASIC and the likes.

It is recommended that you choose the only brokers that are licensed by CMA. Only this will ensure that you are trading forex legally. Almost all the brokers provide demo accounts. Demo accounts are like real trading accounts, and your can trade and understand the nuances of trade just like real trading account without risking your real money. But it is still a good place to learn trading.

Most Forex brokers have a Live Account Opening page on their website. Live this example from FxPesa's website. Generally, the steps involved are the same.

You need to fill your 'Account Information' details, your Financial Adequacy information. Then you need to submit your 2 KYC documents i. For the KYC, it is essential that you submit valid documents as this will prevent any issues during withdrawals.

For ID proof you can submit copy of your Passport or any other National ID. For Address proof, you can submit your phone or any other Utility Bill. ECN Electronic Communications Network brokers is where the investors directly get connected to the other investors in the Forex Markets and the fee is calculated by the volumes traded by the clients that pass through the ECN environment.

STP or Straight Through Processing is where the broker passes the trades to liquidity providers for execution and gives access to interbank market structure. Even though having DMA gives you wider access to markets with higher rewards and risks, but finding true brokers providing DMA is difficult and tricky. You should avoid brokers that are market makers as these brokers take position against you.

So any loss that you make with a market maker forex broker is the profit of that broker. All the CMA licensed online forex brokers are 'Non-Dealing' which means they don't operate a dealing desk. So, they are not market maker brokers. If you are a beginner, you should choose brokers with standard spread accounts only where the broker preferably offers STP accounts like in case of Hotforex.

The expert traders can go for ECN type account. These have low fees but commission is charged as per the trading lots. With Zero Account it is 0. So, if you are a trader trading high volume, it would be right decision to open your trading account with Zero Account for saving on the broker's trading fees.

Many brokers offer a lot of options when it comes to opening accounts with them. All these accounts require a minimum account balance. This would ensure that a sizeable position could be taken in trading and a good profit could be earned on positive market movements. However, it should be kept in mind that a position would depend on the balance maintained and the leverage offered by the broker. Trading positions also depend on the lot size that one opts for.

One can trade in Standard lots , units , Mini lots 10, units or Micro lots units. Knowing this information is very helpful as this would help in determining the level of risk one can take and what position to take in the trades. The broker offers a leverage of and 0. Generally, the very liquid forex pairs have changes in the range of of pips.

So, one can generate a good return if you invest wisely with low leverage. However, the risk appetite should also be kept in mind. Regulated forex brokers like FXPesa, Scope Markets Kenya , PepperStone Kenya allow traders the option to fund trading account in KSh.

using local bank trasfer via bank account in Kenya. With this method it can generally take upto 24 hours for the broker to credit your trading account. Generally both these methods are instant for funding, and it takes few hours in case of withdrawals.

But it takes few days for withdrawals in your bank account. It is really important to understand the risks, so you can take preventive action to minimize them.

Forex deals with exchange rates and currency pairs. Forex market is quite volatile.

Kenya Forex Firm. February 4, A Forex trading course is designed to take you from being a novice, with no experience in the Forex markets, to becoming a consistent and profitable Forex trader. Please understand that a Forex trading course must be more than just an event across one weekend. You may be thinking about learning how to trade Forex , or perhaps you may have already begun. Sounds simple right? Learn how to trade the markets profitably by learning to trade with a Forex trading course.

You will gain a concrete foundation in market direction and understanding of price action trading strategies. A first-class Forex trading course should be accessible to you for a period of time, allowing you time to digest content and practice in the markets.

You need to be able to refresh your knowledge as you grow as a trader. If it sounds too good to be true, it probably is. A trading course should teach you a few trading strategies and an approach that have been traded over a period of time and in different market conditions. It should provide live results and back tested results of its trading strategies and be able to prove it has worked in the past and is working right now.

A good Forex trading course should be simple; many beginners find this hard to comprehend. Many new traders make the mistake in thinking the flashier, more technical, more data the better it will work. This is not the case and a trading course should be able to get to the point and only teach you what works and what matters. A trading course should cover basic technical analysis, price action trading, and not be based on having loads of different indicators on your charts.

When learning how to trade the more support the better. Find a Forex training course that gives you the entire package. The more insight you can get from an experienced professional trader the better. A reputable Forex trading course will make you aware of this, and help you to grow as a trader so that you can become consistently profitable using price action trading methods.

Armed with the correct knowledge and strategies trading Forex can be very worthwhile. Like anything you need to learn how to do it before you start to do it and like anything that will cost money. Companies charging thousands are more likely making money from selling courses, than trading profitably and those should be avoided. Click here to learn more. It is important to remember that the quote 1. the quote, on he right 1. The charts and quotes board software should be in agreement with all currency sides.

also view Forex Education. Selling a Currency Pair. Suppose you decide that the US Dollar USD is overvalued against the YEN JPY. To execute this strategy, you would sell Dollars simultaneously buying YEN , and then wait for the exchange rate to rise. Since you originally bought paid for 10,, YEN, your profit is 96, YEN.

In a nutshell forex trading is really just that — foreign exchange currency trading, which today we know as Forex. The forex market found popularity in the mid nineties and has gained in sophistication and momentum since then.

It has become something of an immeasurable entity, with millions going online to trade on the forex market on an almost daily basis. However, worldwide time differences, mean that the shop, which is forex, is hardly ever closed. Therefore, the forex market is not a fixed, physical, entity. And here is the difference between online currency trading and a physical trading market place like say, the New York Stock Exchange, The City of London, or the Tokyo Stock Exchange, where the traders are limited to the trading hours of these places.

In contrast, the world of the internet forex trading has no such limitations. It must be said, thought that as well as having the possibility to make and take profit s from on-line currency trading, it is also possible to incur losses as well, so be careful and never spend more than you can easily afford to lose.

However, because the market can change within the wink of an eye — one has to have an agile mind, confidence, and to possess awareness of world and up to the minute financial affairs. And, although the markets now readily adjust to such affairs these days; the sudden drops and spikes, as a result, very often could and do, take one by surprise, nevertheless — even the most experienced of traders.

About the Author Patrick Mahinge. Save my name, email, and website in this browser for the next time I comment. Well put.

great article. i have wanted to learn Forex trading for so long. I think I have the opportunity now. Thank you. Futures, CFDs, and Forex are leveraged products with a high degree of risk to your capital.

Such products may not be suitable for all investors and therefore you need fully understand the risks associated with them and seek independent advice if necessary. The information in this site does not contain and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument.

An address. Mon to Friday am to pm. Enter your email address to get the latest updates and offers. Skip to content Kenya Forex Firm. Home About Training Appointments Blog Contact. February 4, Forex trading training in kenya Patrick Mahinge.

Forex Education. What should be in a good Forex trading course? Time to Learn How to Trade A first-class Forex trading course should be accessible to you for a period of time, allowing you time to digest content and practice in the markets. Trading Strategies, with results. Contents Why do you need a Forex trading course? About the Author Patrick Mahinge Patrick Mahinge is a full time forex trader, money manager, and consultant to major financial funds. At only 35 years old he is widely considered an up and rising star in the forex trading community and is known for his simple time proven techniques.

Since the founding of KenyaForexFirm. com in , his forecasts have been uncannily accurate and his subscribers have reaped the benefits. com is Patrick's attempt to share his wisdom and knowledge about Forex Trading so traders can see through the clutter and get straight to the core of profitable trading. Leave a Comment Cancel reply Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Pingback: What is Forex?

Risk Disclosure Futures, CFDs, and Forex are leveraged products with a high degree of risk to your capital. Important How to Start Trading Best Forex Schools in Kenya CMA Regulated Forex Brokers Forex Trading Using Mpesa Make Money Trading Forex Learn Forex Trading.

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IG Group was founded in and is regulated by the Financial Conduct Authority FCA in the U. I enrolled for the Freelancing Master Class course and now I am able to secure a number of gigs on a daily basis. The following Economic indicators could impact a currency: Country's Central Bank's Interest rates decision Inflation rates GDP Unemployment data. Home About Training Appointments Blog Contact. Forex traders have no fixed income unlike the job. HFM 4. Access to our Free Daily Signals and Set-Ups.

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