Forex is a global currency market where traders buy and sell currencies directly. Forex trading is the buying and selling of currencies with the hope of making a profit.
There are many reasons why people trade currencies in Kenya forex trading. Some people trade because they think the currency will go up in value, some people trade to hedge their investments, and others trade for fun. The most common reason people trade currencies is because they want to make money.
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There are many ways to trade in forex, but the two most common methods are spot trading and derivative trading. Spot trading refers to buying and selling currencies right now while derivative trading refers to buying and selling futures contracts. Both of these types of trades have limitations but can be very profitable if you know what you're doing.
There are two types of forex trading – spot and forward. Spot trading is when you buy or sell a currency at its current market price. Forward trading is when you agree to buy or sell a currency at a predetermined price at a future date.
Forex trading can be profitable, but it is also risky. Before you start forex trading, make sure you understand the risks involved and learn how to calculate your risk exposure.