Young people in Kenya are experiencing much higher unemployment rates than the rest of the Kenyan population, young people aged 15-19 and 20-24 had unemployment rates of 25 percent and 24 percent, respectively, almost double than general unemployment of 12.7 percent. for the entire workforce. This is compounded by the growing problem of terrorism by the Al-Shabaab militia group. The recent wave of terrorism has foreign investors skeptical of Kenya. Tourism, which is an important part of the Kenyan economy, has also been hit hard by this. These and many other factors lead to the growing problem of unemployment.

Kenyans are very used to the traditional setup of getting an education followed by a job. It is time for Kenyans to start thinking out of the box and creating jobs for themselves. With the installation of fiber optic cable in most urban areas in Kenya, many online businesses are entering the scene. One such company is Forex Trading. It is gaining popularity at such a rapid rate that it threatens to outshine any other online business.

When it comes to Forex Trading in Kenya, many young people from Nairobi have started learning and trading. While people in other areas are beginning to learn about it as well, their numbers are still small.

Forex is one of the best ways to start making money. Is easy to learn. There are many free learning resources available online. It does not require a large initial capital. You can work part time as a trader. Working hours are quite flexible. Nothing like hard physical work! It is still suitable for non-financial professionals. Opening an account is easy, it doesn’t take time! Funds can be added and withdrawn instantly using credit / debit cards. The forex market is open 24 hours a day, 5 days a week. The list goes on and on.

Learning to trade Forex is not difficult. Anyone with a passion for hard work and reading will be good at it in a month, at least when it comes to knowing how to trade a particular strategy. I would advise anyone who wants to trade to open a demo / practice account and use it to learn.

Learning to trade can take a long time. If you really want to start real money trading, an easier way to get around the learning time is currency trading signals. Trading signals are alerts that tell you when to buy or sell a currency pair and at what price. If you follow a professional trader, you can copy his trades. There are many signal services, some free and some paid. Of course, the payments are much better than the free ones.

There are some local Kenyan Forex brokers working in Kenya and also some introductory brokers. Introducing brokers helps you open accounts with other brokers and offers value-added services. In return, introductory brokers are paid by the broker they work for.

Like any other business, Forex Trading requires due diligence. You have to be careful and only invest the money you are willing to lose. Even with all the advantages of trading, it is still a risky business. Trading without proper knowledge can result in significant losses.