July 30, 2010

what do i need to start trading forex in kenya?

By Planet Wealth

I live in kenya and i want to know how i can start my forex trading career and what resources, tools or learning materials i need in order to be successful in forex trading. Thanks.

Topics: trading tips | 12 Comments »

12 Responses to “what do i need to start trading forex in kenya?”

  1. Jason Rogers Says:
    July 30th, 2010 at 10:24 pm

    The first thing you should do is educate yourself on the tools needed to trade the market. The most common being technical and fundamental analysis.

    Technical analysts focus on chart analysis whereas fundamental analysts focus on economic events. And many traders use a combination of both.

    There’s an abundance of free resources on the internet to learn more, so I would recommend starting with free tools before opening an account with any broker. Here are some places to get started:

    BabyPips:
    http://www.babypips.com/school/

    DailyFX Videos:
    http://forexforums.dailyfx.com/dailyfx-education-videos-forex-trading-strategies/
    http://forexforums.dailyfx.com/webinars/strategies/

    Informed Trades
    http://www.informedtrades.com/f112/

    This is a basic list to get you started, and I’m sure there is a lot more if you search.

  2. ~Grasshopper~ Says:
    July 30th, 2010 at 10:24 pm

    Forex is not a career. It is frequently used for scam purposes. Most people who are successful in this area are already moguls in the stock market or know the entire encyclopedia of finance.

    I suggest you Look for a real career

  3. mark Says:
    July 30th, 2010 at 10:24 pm

    hi,
    we can trade forex from any country in the world.i am not sure about the laws in your country but i saw forex traders in kenya.anyhow if u are new to forex there are many sites to learn and start trading.here u can find a list of excellent forex trading platforms that most traders use it to learn and trade

    http://bestforextradingplatforms.com

    excellent luck

  4. Gigi Says:
    July 30th, 2010 at 10:24 pm

    If you are a beginner, i suggest you to use Marketiva, which is a very excellent platform to start trading with and very simple to use.

    Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very excellent for beginners. Their platform is very simple to use and they have support during trading hours for your questions, doubts etc.

    They also have chat channels where you can talk, exchange opinions and thoughts with traders of your country or international traders.

    To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

  5. Albert Says:
    July 30th, 2010 at 10:24 pm

    You can trade forex from any country. Go to google and do a search on your country you should be able to find brokers that trade in you country.

  6. Elliott Says:
    July 30th, 2010 at 10:24 pm

    The most vital step is to find the right forex broker. I have reviewed some of the best forex brokers at http://www.forexlane.com/brokers.html

  7. Ed Says:
    July 30th, 2010 at 10:24 pm

    A fantastic place to pickup some tools and gain some basic forx knowlegde would be http://www.forex-terminal.com/

  8. John Rosewell Says:
    July 30th, 2010 at 10:24 pm

    You must know, forex is :

    1. Different from gambling
    2. “Quick rich program” business, as many people says.
    3. 100% analysis accuracy is none! You must know, market is dynamic thing.
    4. Don`t ever enter a trading without plotting. It`s must be perilous for you. You`ll lose much of money if you enter a trading without any plot or strategy.

    In order become successful forex trader, you should know your forex trading market, educate yourself about currencies which you trade, and the last thing.. practice, practice, practice! Because practice makes perfect.

  9. trader Says:
    July 30th, 2010 at 10:24 pm

    You 1st need to know it’s not that simple to start making money in Forex and support yourself solely by trading.

    then you need to open a demo account with a broker and read the most forums, articles and free forex websites you can find to get some knowledge about Forex.

    Then you need to practice in the demo account until you’re making money consistently. And finally you’ll be ready to trade on a real account.

  10. shoppingcartsoftware Says:
    July 30th, 2010 at 10:24 pm

    Forex is a fantastic place to make money. it is not a scam though like what I’ve read in some people’s answer here. You just need to know the right way to deal with Forex. I reckon the first thing you need before you start forex tarding is knowledge. Question yourself first, are you ready for it and is equipped enough to have the taste of the Forex success?

    Here’s an "Insider Guide To Forex Trading" that can help you trade like a pro. You can get it for free at http://makemoneyfromscratch.net/forex

  11. Simeon Says:
    July 30th, 2010 at 10:24 pm

    Since it is done online, I believe you should be able to trade from Kenya. I have seen Kenyans trading and we have the same broker.

  12. Melvin Says:
    July 30th, 2010 at 10:24 pm

    why ot try to visit this site..maybe it would be a excellent tools for you..

    http://www.currency-trading-tutorial.net/

    goodluck and hope it will really helps you..

Comments

« | Home | »