Forex Traders Africa

26/11/2015

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Contact for details

21/01/2013

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25/12/2012

May you find joy, love and peace of mind this Christmas. MERRY CHRISTMAS

20/09/2012

Tell me what direction the Dollar will take today...

20/09/2012

What is FOREX?

Foreign Exchange (ForEex) trading is simply the exchanging of one currency for another - Each Forex trade can theoretically be viewed as a 'spread ' trade where to buy one currency you must sell another. Convention dictates that currencies are measured in units per 1 USD. For example, 1 USD is worth approximately 125 JPY (Japanese Yen) or 1 USD is worth approximately 1.5000 CHF (Swiss Francs). As a result, when USD/JPY appreciates in value, it is the USD that has appreciated in value relative to the JPY and not vice-versa. Position-wise, to own or be 'Long' USDJPY means that you are long the USD and concurrently short the JPY. USD, therefore, is the default 'lead' currency.

Courtesy of
http://www.kenyaforex.com/

Currency trading on the international financial Forex market. Forex, kenya, kenya forex, forex kenya, forex in kenya, online forex trading kenya, forex rates, nairobi,

18/09/2012

Quote Currency : The second currency of two in a currency pair. For the EUR/USD, USD is the quote currency. The exchange rate quoted is how many units of the second currency you will receive for one unit of the base currency.

18/09/2012

Market Order: An order for immediate ex*****on at the best available price

18/09/2012

Market Close: In the 24-hour forex market, the market never closes. For administrative purposes, many banks institute 5pm EST as the market close in order to differentiate between value dates, as well as mark delivery dates.

18/09/2012

You might be wondering what 'leverage' is following the previous post, here is what it means,
Leverage: The ratio of margin to the maximum position size. With a deposit of $10 and a leverage of 500, a trader could enter a position with a face value of $5,000. Leveraging allows you to profit quickly but should be used wisely as it can as well be your downfall.

18/09/2012

Margin: The minimum deposit required to maintain an open position. For example, with an open position of $250,000 and a leverage of 50, the required margin would be $5000
But for our case, we will only be dealing with around $10 or $25

18/09/2012

Online Forex Trading requires a specific software (Trading platforms) with the most widely used being MetaTrader 4. Here is a typical screenshot of MT4

18/09/2012

The most common word in Forex trading is 'Pip'
Pip: This is the smallest upward or downward price movements quoted in forex. In EUR/USD, a movement of 0.0001 is one pip (for example, from 140.005 to 140.004 euro). In USD/JPY, a movement of 0.01 is one pip (for example, from 116.32 to 116.31 yen)