Save 5,000/= For Combined Forex and Binary Class!

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This might be the only Double Lesson that you will thoroughly enjoy and immensely profit from with enough savings to buy yourself a nice coat or pair of shoes at the end of it all!

Many of my Forex Students have been coming back for Binary Option Classes and based on the advice of some of them, I am now offering a Full Forex PLUS Binary class to run for 5 Days instead of the 3 for forex and 2 for Binary. Full Forex classes are Kshs20,000/= (HERE) and Full Binary classes are Kshs10,000/= (HERE) so this combined package of Kshs25,000/= will save you a massive Kshs5,000/= New shoes anyone?

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Binary Options: The Best ‘Side-Hustle’ for a Forex Trader!

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Forex traders spend a lot of time waiting. We are waiting for setups, we are waiting for breakouts, we are waiting for formations, we are a waiting for price to endlessly bounce off a support region and, if you are like me, we are waiting for an MT4 alarm to go off signalling that the price has touched a particular trendline that we were monitoring.

So, is there a (money making) pastime that a forex trader can engage in to kill time as he waits for the breakout/trend/news? Yep, Trading Binary Options!

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3 Best Times to Trade Forex in Kenya

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You have clicked HERE and opened a free Brokers account with a Forex Trading Demo. You have clicked HERE and Downloaded the Alpha and Omega Forex Trading System and installed it on your MT4. You are now all set to start practicing on your Demo account and honing your newly found money making skills although you are now confounded with the all important question if WHAT IS THE BEST TIME TO TRADE FOREX in Kenya?

Over time, I have developed my own program and preferences and you can either copy my time-table or develop your own best trading times based on your own particular Daily Schedule and Commitments. Here is my 3 best times to trade;

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How to Grow your USD100 Forex Account to USD1,000 in a Year

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In a different article, I write on why you should not trade with 100USD (Click HERE to read the article) In essence, the gist of the article is that the profits you make trading with 100USD are just too little to warrant sitting down for a whole day for such pay. But assuming you are THAT determined and that patient – not to mention disciplined – here is how to grow your 100USD account to 1,000USD in just one year.

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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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