what do i need to have to start trading forex in kenya?


I live in kenya and i would like to know how i can commence my forex trading career and what resources, tools or finding out materials i need in order to be profitable in forex trading. Thanks.


Answer by ~Grasshopper~
Forex is not a career. It is frequently employed for scam purposes. Most people who are profitable in this area are already moguls in the stock industry or know the whole encyclopedia of finance.

I suggest you Look for a real profession

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Comments (11)

  • mark

    we can trade forex from any country in the world.i am not sure about the laws in your country but i saw forex traders in kenya.anyhow if u are new to forex there are many sites to learn and start trading.here u can find a list of good forex trading platforms that most traders use it to learn and trade


    good luck

  • Gigi

    If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

    Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

    They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

    To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

  • Albert

    You can trade forex from any country. Go to google and do a search on your country you should be able to find brokers that trade in you country.

  • Elliott

    The most important step is to find the right forex broker. I have reviewed some of the best forex brokers at http://www.forexlane.com/brokers.html

  • Ed

    A great place to pickup some tools and gain some basic forx knowlegde would be http://www.forex-terminal.com/

  • Jason Rogers

    The first thing you should do is educate yourself on the tools needed to trade the market. The most common being technical and fundamental analysis.

    Technical analysts focus on chart analysis whereas fundamental analysts focus on economic events. And many traders use a combination of both.

    There’s an abundance of free resources on the internet to learn more, so I would recommend starting with free tools before opening an account with any broker. Here are some places to get started:


    DailyFX Videos:

    Informed Trades

    This is a basic list to get you started, and I’m sure there is a lot more if you search.

  • John Rosewell

    You must know, forex is :

    1. Different from gambling
    2. “Quick rich program” business, as many people says.
    3. 100% analysis accuracy is none! You must know, market is dynamic thing.
    4. Don`t ever enter a trading without planning. It`s must be dangerous for you. You`ll lose much of money if you enter a trading without any plan or strategy.

    In order become successful forex trader, you should know your forex trading market, educate yourself about currencies which you trade, and the last thing.. practice, practice, practice! Because practice makes perfect.

  • trader

    You 1st need to understand it’s not that easy to start making money in Forex and support yourself solely by trading.

    then you need to open a demo account with a broker and read the most forums, articles and free forex websites you can find to get some knowledge about Forex.

    Then you need to practice in the demo account until you’re making money consistently. And finally you’ll be ready to trade on a real account.

  • shoppingcartsoftware

    Forex is a great place to make money. it is not a scam though like what I’ve read in some people’s answer here. You just need to know the right way to deal with Forex. I think the first thing you need before you start forex tarding is knowledge. Ask yourself first, are you ready for it and is equipped enough to have the taste of the Forex success?

    Here’s an “Insider Guide To Forex Trading” that can help you trade like a pro. You can get it for free at http://makemoneyfromscratch.net/forex

  • Simeon

    Since it is done online, I believe you should be able to trade from Kenya. I have seen Kenyans trading and we have the same broker.

  • Melvin

    why ot try to visit this site..maybe it would be a good tools for you..


    goodluck and hope it will really helps you..


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