How to start trading forex online in Kenya
The foreign currency trading market, also known as the forex market, is the largest singular trading environment in the world today. It is estimated that at least $4 trillion are changing hands every day, much larger than any other trading market. In the not so distant past, only large companies, governments, banks, and hedge fund managers were allowed to trade in foreign currencies, but thanks to the advent of the internet in the 90s, almost anyone can now trade electronically anytime. Nowadays, even people who have limited resources can get a chance to strike it rich on the forex trading market.
If you want to become a forex trader yourself, then you need to learn about the basic trading concepts. Finding this kind of information these days is quite easy because they can all be found online using any search engine. However, if you want to learn from the experts, then you need to go to the website of any reputable broker.
Online forex brokers like Easy-Forex can provide you with a wide range of educational resources like videos, webinars (online seminars), eBooks, and plenty of other online resources; you can also get plenty of online trading tools to help you get started in their website, tools like technical analysis, financial calendars, and news tickers that come from reputable sources like Reuters.
Once you learn the basics of forex trading, the next step you should take is finding a trading platform that works for you. It just so happens that Easy-Forex also has an intuitive and easy-to-use online trading platform that you can use to trade with. The biggest benefit of using the Easy-Forex web trading platform is that you can either use their online platform, download their TradeDesk platform on your desktop computer, or you can access it on your mobile device so you can keep track of your trades wherever you are. You can also get in touch with one of their expert account service managers via phone, email, or chat if you ever need any help any time of the day.
After you have chosen a broker and a trading platform, the last step before you can start making money online is to register your account at Easy-Forex; you only need to go online and register your trading platform and deposit funds into your trading account. You can either use your credit card, or you can transfer funds from your bank account.
Now, if you are still wary about using real money in forex trading, then you can give the Easy-Forex demo account a try. This dummy account will let you experience the thrill of forex trading without any risk of losing money; and another great thing about signing up with Easy-Forex is that you can get a chance to win trading credits if you place among the top three monthly users of their demo trading account.
As you can see, it is actually very easy to get started on the forex trading market; you only need to follow the steps mentioned above and you will be on your way to making money.
What is easy-forex?
Easy-Forex was founded in 2003 and is one of the pioneers in online forex trading and is now being used by traders from over 160 countries. Not only were they among the first to let common folks trade in foreign currencies, they actually revolutionized the industry.
In the past, only professional traders and trading firms were the only ones who could afford to try their hands on forex trading, mostly because the cost of entry back then was at least $10k. We at Easy-Forex provided private individuals a chance to get a piece of the action by lowering the entry cost to just $25 and providing a user-friendly trading program to get them started.
Foreign currencies are not the only commodities that can be traded using Easy-Forex. Using just one account, you can actually trade in other commodities like gold and oil as well. You can also choose to use the Easy-Forex web-based, desktop, or mobile platforms so you can trade from anywhere at any time.
Reasons why traders prefer to use Easy-Forex:
- Easy-to-understand margin calculation methods that allow them to leverage all of the available funds in their account.
- The Easy-Forex platform as an effective stop-loss order so traders will not lose more money than what they are comfortable with.
- Tight spreads so traders are sure to get the rates that they set out for.
- No hidden fees like commissions or deposit/withdrawal fees.
- Secure deposits and withdrawals to your trading account.
We at Easy-Forex operate under strict regulatory conditions as mandated by the NFA (US), CySec (Europe), and ASIC (Australia). These are the governing bodies that monitor all of our brokers' activities to make sure that the safety of our clients is carefully looked out for.
Whether you are an experienced forex trader or a beginner at trading, we will provide you with your own personal account manager so that you will be given helpful tips and advice to make your trading experience that much better. You can also check our website for other educational materials like online videos that can teach you the basics of forex trading, there are also some that can help improve your game.
Our clients who open up a gold, platinum, or a VIP account with us will also get exclusive access to our dealing room services, which includes personal support and coaching from our expert brokers, and more powerful trading tools for traders who want to take their game to a whole other level.