Forex trading is one of the most lucrative business ideas in kenya yet there is very little information available about forex trading for beginners in kenya. Forex trading is the act of buying or selling currencies. banks, central banks, corporations, institutional investors and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit.. The foreign exchange market, also known as forex, currency market, or simply fx, is a decentralized market where currencies of different countries are traded, usually through brokers..
Forex trading is currently unregulated in the country and choosing a broker in kenya can be a problem. there are companies that offer services there and you can do online trading, but you need to. Trading forex involves making a profit from the fluctuations in the values of currencies from two countries. for a simplified illustration of how this works, let’s say that one british pound equals 50 kenyan sterling (kes).. Lack of knowledge in trading in securities and forex market has over the years locked out many kenya’s from engaging in this two lucrative markets. but this may soon be a thing of the past as.
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