This is a short article on forex trading in Kenya so please read on. We will be done in a jiffy 🙂
Basically, only three things are required for you to be able to trade forex in Kenya. One, you need to be an adult. More specifically, you need to be an adult with an ID card. You will be registering for both brokerage and money transfer accounts and you need your National ID to verify both.
Secondly, you need access to a computer with a stable internet connection. I discourage using a cyber cafe for this part because you might be seated in front of a computer for a whole day waiting for a trading opportunity and this is neither comfortable nor convenient from a public place like a cyber cafe. Remember, you will be entering private and sensitive financial information, including deposit and money withdrawal instructions, and you do not want to do this from a public place.
Lastly, you need capital. There was a time when one needed millions of shillings to simply register for a forex brokerage account. Today, thanks mostly to the internet which creates volumes from individual small traders, you can open an account and start trading mini and micro lots with as little as 100USD.
In a separate article, I discuss how to grow a 100USD trading account to 1000USD in a year. It is possible with sound money management. Click HERE to read the article. Click HERE to read about money management.
And there you have it! All the 3 things needed to trade forex in Kenya. You have all three? Good, you are ready to start earning a substantial income trading forex in Kenya.
To ensure you DO NOT lose money while trading, consider making a nominal investment and purchasing the Forex Training DvD and my Forex Trading System. Click HERE to purchase. In the long run, you will be very grateful that you did 🙂
And in case you have any questions regarding trading forex in Kenya, just leave a comment below and I will respond as soon as your question pops up on my dashboard!
I wish you a happy and prosperous trading experience!