Best Daily Stocks

what do i need to start trading forex in kenya?

I live in kenya and i would like to know how i can start my forex trading career and what resources, tools or learning materials i need in order to be successful in forex trading. Thanks.

The first thing you should do is educate yourself on the tools needed to trade the market. The most common being technical and fundamental analysis.

Technical analysts focus on chart analysis whereas fundamental analysts focus on economic events. And many traders use a combination of both.

There’s an abundance of free resources on the internet to learn more, so I would recommend starting with free tools before opening an account with any broker. Here are some places to get started:

BabyPips:

http://www.babypips.com/school/

DailyFX Videos:

http://forexforums.dailyfx.com/dailyfx-education-videos-forex-trading-strategies/

http://forexforums.dailyfx.com/webinars/strategies/

Informed Trades

http://www.informedtrades.com/f112/

This is a basic list to get you started, and I’m sure there is a lot more if you search.

ForexYard Join the Profitable Forex Market Today!

Trading Natural Resources in a Volatile Market featuring commodities energy expert Kevin Kerr $11.45 Kevin Kerr’s unparallleled expertise in futures and commodities has made him a regular contributor to news outlets like CNN FM, CNBC and CBS Marketwatch, where he has been quoted in over 500 articles….

Getting Started in Forex Trading $16.87 A Highly Visual Guide To Developing A Personal Forex Trading StrategyGetting Started In Forex Trading Strategies"A great next step to read for the beginning trader. It contains practical advice and resources on trading FOREX that only come with experience."-Derek Ching, President, Hawaii Forex"We have members from over 125 countries on our Web site and plan to make Getting Started in ForexTrading Strategies a `must read` for those looking to trade the FOREX market. It is good to see a book that emphasizes the importance of other elements, such as money management, which are crucial to master if one is to stay in this game. Well done!"-Jay Meisler, cofounder, Global-View.comWritten in a straightforward and accessible style, Getting Started in Forex Trading Strategies is a highly visual guide to foreign exchange trading that introduces you to the Codex Method-a proven process that allows you to tailor a trading strategy to your own personal preferences.Divided into four comprehensive parts, this reliable resource opens with a brief overview of traditional FOREX strategies. From here, author Michael Duane Archer outlines his own personal codex-as he guides you through the process of developing yours-and reveals how to use this approach to make, monitor, and exit a trade. Along the way, Archer reveals the best ways to implement your strategy and discusses the importance of consistently keeping trading records.In his previous book, Getting Started in Currency Trading, Archer set a solid foundation for trading the currency market by illustrating how it operated. Now, with Getting Started in Forex Trading Strategies, Archer goes a step further by showing you how to cultivate a personal trading strategy that will allow you to succeed within this dynamic environment.