short, leverage is given by the brokers in order to help traders make bigger winnings at the risk of higher losses in shorter times. Our trader would make a profit of exactly 100 USD with this trade (notice that for the EUR/USD currency pair, one pip equals one dollar when trading 10,000 - the 'pip' is the fourth decimal of the rate). How will these regulations affect online forex trading in Kenya? How is that possible? Let's say a trader buys 10,000 Euros through his forex broker at the above mentioned rate, and two days later sells them.1131 (a difference of 100 pips which means a movement of only.9 which happens frequently in a two days period). M-Pesa, a mobile payment service, makes it possible for users to send money to their online forex brokers without ever going through a bank. The call for stricter regulations on online forex trading started last year in July when a draft of new regulations was proposed.
Before you read the rest of the article,. If you are one of the action takers in Kenya, you could be soon on the path to eradicating the financial instabilities posed by insufficient salaries, unemployment, aborted business ideas and unmet dreams by letting. Learn How to Trade Forex in Kenya. With this website, you will always feel like someone is holding your hand, guiding you over all the frightful forex pitfalls.
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These dealers must also have Ksh. Mobile trading, low minimum deposits and very advanced trading platforms. Opening an account with a forex broker will allow you to trade on the international forex markets with huge amounts of money and make profits much faster. The more you trade, the better it is for the broker, because of the so called 'spread which is the difference between the buy and sell price of each currency pair. This is why the broker is willing to allow the trader to buy 10,000 Euros while depositing only xau usd forex factory 100 dollars. 40 million (about 400,000) or 80 of the capital, whichever is higher, in liquid form. There are probably a lot more individual traders who use cashless payment systems, and its impossible to track the actual numbers. Since he made a profit of 100 in two days the broker knows that his risk is also limited in a two days period, and even if he loses he can't lose too much. You paid a total of 907,500 Kenyan Shillings (KES).