TradingBeasts - Leading Forex & Crypto Education Portal

Forex Trading in Kenya - Basics, Regulation

[vc_column width="3/4"]Forex trading in Kenya has assumed great importance because of the technological and regulatory advances that have been made there as far as financial market operations are concerned. Kenya is located in East Africa and is considered the most advanced economy of the region. Kenya’s e-payment revolution is well known, being the first country to push mobile payments to the forefront of economic activity not just in the region, but in Africa. These advancements have allowed the forex market to take a solid hold in the country.Overview of the FX market in KenyaKenya’s forex industry operates within the confines...

02 May, 2020

Forex Trading 101: The Basic Concepts Every Beginner Should Learn

You don’t have to be a math wiz to trade in the foreign exchange (Forex) market. The foreign exchange market is a place where you can swap one currency for another during trading. If you’re new to the Forex market and interested in getting started, here are some basic concepts that you should learn:1. Trading HoursMarkets will be open over a 24 hour period in different parts of the world, and this enables trading in different time zones for various currencies. Although it’s very convenient to trade from anywhere, as long as you have the Internet and a laptop, it can also pose as a window for price fluctuations.When you’re in the ...

04 April, 2020

Five Must-know Technical Analysis Tools

In recent years, technical analysis has grown more popular among investors. Part of the increase in popularity comes from the rise of cryptocurrencies. As digital assets, Bitcoins and other cryptocurrencies do not have fundamentals such as P/E ratios or book values for investors to analyze. Instead, investors make trading decisions by graphing and interpreting price and trading volume data, a technique known as technical analysis.Technical analysis is powerful because it doesn’t require any detailed understanding of the underlying security. Instead, we study the price and trading volume of a security and make price predictions gr...

27 March, 2020

The Most Effective Method to Set a Proper Stop Loss

What is a stop-loss order? You place a stop-loss order with your broker to sell your securities when they are at a given price. These help to reduce the extent of loss you might incur. For instance, if you set your stop-loss order at any percentage below the price in which you bought the security, the loss will be limited to that percentage.How to Place a Stop Loss OrderThe best method to place a stop loss should involve placing it at a position where you will know that you were wrong about your strategy in case you’re hit. You cannot be perfect in all your trades. The prices of the stock will not always favor you after your purc...

11 December, 2019

How to trade CFDs on Options

[vc_column width="3/4"]I found out that there are many guides that compare options trading to CFD trading. No article, however, explains how does work trading CFDs on options. Guess what I will cover in today's article? Well, everything there is to know about trading CFD Options. We will start with an explanation of what this investment instrument is and how it works in practice, then I will give you an example of a broker that supports CFDs on Options.How CFDs on Options workOptions CFDs work exactly the same as any other CFD instrument. That means, we physically don't own any options as we are just speculating on the price fluc...

18 May, 2019

Three amazing steps to become a pro trader

[vc_column width="3/4"][stm_post_details]Trading is the most challenging profession in today’s word. Every day the number of active traders in the online trading community is rising at an exponential rate. Most of the new traders jump into the online trading industry only to secure their financial freedom. In the past, trading was limited to large banks and institutions but due to the recent advancement in technology, retail traders can also trade this market with the high leverage trading account. But having access to the high leverage trading account doesn’t mean that you will become successful in the Forex market. People in t...

12 February, 2018

Forex and CFD trading explained - tips and advice for beginners

[vc_column width="3/4"][toc]The forex market is the largest and most liquid market in the world. Every day, currencies worth 5,3 trillion dollars are traded there. The forex market is a place where all the banks, businesses, governments, investors, and traders meet in order to trade currencies. Approximately 15% of the trading volume is performed by corporations and governments that buy and sell goods and services abroad, and 85% of the trades constitute of investments made with the aim of profiting from currency movements. The foreign exchange market transactions can take place anywhere in the world, but the biggest trading volu...

09 December, 2017

Fibonacci trading explained - How to draw Fibonacci levels

It is well known that every market moves by impulses and setbacks, whether index, commodity, currency or stock. No matter the title of the asset, all have a similar pattern in terms of trend building. Given this behaviour, it is necessary to study the similarities offered by price movements over time.The corrections and the impulses or sections have a certain historical harmony that obeys an order that can be delimited with the backs and projections of Fibonacci. To understand this, we must first define what or who is Fibonacci and what its possible use in the world of trading. Fibonacci was an Italian mathematician (c. 1170-1250...

31 August, 2017

How to use currency correlation in Forex & CFD market

All markets are somehow connected with each other. That means if one market goes up there is a high probability that there is also a market that will reflect this situation and will go up as well. But to understand how the markets correlate, you need to know the connection between these markets. Towards this very purpose, we use currency correlation tables in which we can find out how certainly one market will influence the other.What is correlation?Currency correlation is the measurement of the relationship between two currency pairs resulting in a correlation coefficient. So basically how certain it is that one market will have...

01 June, 2017

Trading forex in the United States: Laws & Limits

[vc_column width="3/4"]Just because the Forex market is decentralised does not mean it’s the wild west, and there are laws that govern the industry. In charge of enforcing these laws are the financial regulators, and every country has its own regulator. In the US, 2 bodies ensure the Forex market remains fair – the CFTC and the NFA.Forex brokers are supposed to be registered with the CFTC and acquire a license from the NFA before operating in the US. Each Forex regulator operates within their country, and they are free to create and amend laws governing Forex trading as they see fit, even if their laws are different from other re...

22 April, 2017

Forex guide

Forex Trading in Kenya - Basics, Regulation

Forex Trading 101: The Basic Concepts Every Beginner Should Learn

Five Must-know Technical Analysis Tools

The Most Effective Method to Set a Proper Stop Loss

How to trade CFDs on Options

Three amazing steps to become a pro trader

Forex and CFD trading explained - tips and advice for beginners

Fibonacci trading explained - How to draw Fibonacci levels

How to use currency correlation in Forex & CFD market

Trading forex in the United States: Laws & Limits