How to Make a Profit on Forex in Kenya
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- 07.09.2022
If you want to learn how to trade Forex in Kenya, you may be wondering how to make a profit on this market. Forex trading is a lucrative business, and there are thousands of Kenyans willing to help you make money. However, it is important to research Forex account managers carefully before entrusting them with your money. These people trade on your behalf and earn commissions. Typically, you will deposit a certain amount of money to their account and then receive a share of the profits at the end of each month.
RoboForex
RoboForex is a new trading platform that has been designed to help Kenyan traders make a profit in the Forex market. It offers traders innovative trading technologies and unique developments in data transmission and functionality. It is regulated by the Financial Commission and the IFCS (Belize), and it also offers a guaranteed compensation fund of 20,000 Euros to its traders. It is also regulated by the Capital Markets Authority, which means that every broker operating in the country is required to hold a CMA license.
RoboForex is regulated by the International Financial Services Commission in Belize and has a license number 000138/210. It has strict rules for dealing in the forex market, including strict verification of customer identities and prohibiting third-party or unknown-source payments. Its traders are also protected by up to EUR20,000 in Compensation Fund and up to 5 million EUR in civil liability insurance.
Exness
If you want to start trading in the Forex market in Kenya, you need to know the basics before you go ahead and invest your money. Retail Forex trading is a popular activity in Kenya, with more than 100,000 people currently involved. However, not all of them are making a profit. The first thing you need to do is research and study the laws and regulations of retail Forex trading in Kenya before you jump into it.
You need a computer with an internet connection and forex software. In addition, you must have an account with a Forex broker. Once you have the account, you should install a software package to trade Forex.