It is no surprise that Forex trading, a global market where all the world’s currencies trade has gained traction among Kenyans over the recent years. A number of foreign companies have expressed interest in setting up local operations while the Capital markets authority has also come up with regulations to guide how this market operates from a local standpoint.
The FX market is the largest and most liquid market in the world with an average daily trading volume exceeding $5 trillion. Traders buy and sell currencies with the aim to make money on the difference between the two currencies.
The financial market is constantly changing, so traders need to be able to understand the ups and downs of this market. Understanding this is the first step in Forex learning.
We sat down with Joshua Matumo, the CEO of Fourthstreet Consultants, a Nairobi based firm that offers professional forex trading advisory and training services to talk on the need of investing time and money to get a good forex education. According to Mr Matumo, enrolling on a Forex education course will not only make you a better trader, it will also save you lots of money in the long run.