We will be rolling out some of our members trading journeys, lessons and experiences in our new segment dubbed Trader of the Week. The goal is to demonstrate that our local audience (mostly Kenyan) has what it takes to become professional traders. We hope that by sharing their stories, in some way
In my years of trend trading, this 1st quarter of 2019 has been quite challenging. Price has either been chopping around or has had wild swings and therefore my long-term systems haven’t been generating reliable signal. I switched to my short-term trading system and cut down size in order to
Pending the FOMC interest rate announcement, it looks like the USDJPY could reverse its 8-month uptrend that began in March this year. This currency pair has been consolidating between a resistance level 114.18 and a support level at 112.21, having formed its last Higher low at 112.31.
This pair AUD/USD has been on our radar for quite a while now because it seems that the downtrend beginning early this year is forming a bottom. Clearly momentum began to fade even before it made its last low at 0.7016 and the RSI divergence serves as evidence. A key technical area of resistance
Analysis done by Denis Mwenga.
This is a snippet of the trading reports we send to our members. Here’s how we are trading EUR/USD.
Analysis time frame- weekly/daily . We can see a very strong primary downtrend. The big money is in the trend so we prefer to follow the trend.
Price failed to rally and break the ceiling at 1.1434
We just recently concluded seminars and a three day workshop with FXTM in Kenya. Strathmore University students actively participated as well as interested citizens in a bid to explore the opportunities presented by the markets. We saw people from all age groups come to the events, eager to learn.
I have said this before, brokers can be whores if they want to. One of the things that you should look out for as a trader is your choice of broker. The role of brokers is to provide a trading platform so we can access liquidity in the Forex market. Brokers make money off your trading account in form
After a period of suppressed prices ( late 2017 up to the second quarter of 2018, Bitcoin is now positioning itself for a possible breakout above the yearly (200EMA) moving average prices and quarterly (60EMA) moving average prices.
This surge has been precipitated by news that the World’s
This article is for the retail trader who wants to be in the game for the long haul, save yourself some bucks and thank me later. You have probably heard it before, there’s not one sure way to trading success. Why is it then that people are willing to pay for signals hoping to increase their profitability?