Best Way To Fund Your Forex Broker Account From Kenya

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The article below was written back in 2016 when we as Kenyan Forex Traders had fewer option for Depositing cash into our Forex accounts and more importantly, withdrawing our profits. Today you can simply deposit and withdraw from your forex account using Mpesa. Open an account that accepts Mpesa Deposits/Withdrawals here >> http://bit.ly/withMpesa

Funny things have been known to happen when you link your Main Bank account to your Forex Brokers account or fund your Forex Brokers account with your REAL credit card that is attached to your Personal Bank account. In fact, funny things have been known to happen anytime you make an online purchase using your real credit card that is linked to your real bank account.

 

Stay safe! Over time (and many mistakes later) I have developed a long wounded but probably secure means of both funding my Forex broker accounts and withdrawing my profits from the same. To follow my method you need to;

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What is Forex Leverage?

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Wouldn’t it be great if you could invest only $100 in the forex market and trade $10,000? With such small changes in forex prices, wouldn’t you make more profit trading with $10,000 than with $100? And wouldn’t it be even better if you could invest your $100 but trade an astronomical $50,000!? Well, now you can thanks to forex leverages.

What is forex leverage? Basically, when you open an account with your forex broker, what you are opening is called a margin account. You will be given the option of choosing either 10:1, 50:1, 100:1, 800:1 etc etc depending on the broker you chose to deal with. Let us assume you opt for 10:1

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What is a Forex Lot Size?

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Just so that you do not waltz into the forex market and demand to buy or sell ONLY ONE dollar or two, the industry has ‘standard sizes’ of currency that a trader can buy or sell at any one time to (a) Make trading profitable and worthwhile for all parties involved and (b) Make the calculation of profits, losses and total trades easier.

A standard forex lot, also called 1 lot, represents 100,000 units of the base currency. For example, if you are buying 1 lot of the EURUSD currency pair you are actually putting 100,000 EUROS (EUR is the base currency here) into the market.

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What is Forex Spread?

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As a forex trader, you should always have one eye on spreads. When picking a forex broker you should, before anything else, check to ensure they have the smallest spread, mostly single digits below 5.

In today’s forex market, most brokers do not charge commissions for trades or deposits/withdrawals. So, how do forex brokers make money? Through forex spread.

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What is a Forex Pip?

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Simply put, a forex pip is the smallest price change that a currency pair can make. More precisely, a pip is the change in the fourth digit in a forex quote. Let us look at an example. If you buy the EURUSD pair at 1.3902 and sell it at 1.3905, you have made a (5-2) 3 pip profit, otherwise known as a 3 pip win. On the other hand, if you buy at 1.3640 and sell at 1.3634, you have made a 6 pip loss. I hope you can calculate and see how we have arrived at that figure.

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The Alpha and Omega Forex Trading System

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The Best and Arguably Most Profitable Forex Trading System in the land is now available to all visitors of this website ABSOLUTELY FREE!! It will not cost you a dime to acquire and you can download your copy immediately by clicking the download button at the bottom of this page 🙂

The Fully Packed Trading System that is both Beginner Friendly and Advanced User Scalable has all the features listed below and comes with a comprehensive manual that explains and assists the user make money with it.

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15 reasons why YOU should Trade Forex

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Here are 15 reasons why you should trade forex in Kenya.

For the disciplined trader, there are very many reasons why trading forex is the best thing ever. Of course if you are not disciplined or are greedy or emotional with little or no money management strategy, the forex market will eat all your money in a split second. But if you are calm, composed, focused, disciplined and with a specific target you wish to achieve by trading forex, consider the following 15 reasons a Godsend in your favour;

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