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Examples of Forex scams that happened in Kenya In spite of seeming a bit harsh, these rules and regulations are indeed going to improve trading conditions for Kenyan traders. The best way to get into it is slowly, while doing other things on the side, like being a student or working, in another industry. Many factors affect how much money you will gain, so you have to manage to expect anything. In the new legislation, all online Forex brokers who seek to solicit Kenyan residents have to be licensed by the CMA. Liquidity Forex is by far the most liquid financial market in the world with nearly 2 trillion dollars traded everyday. Do not use very higher volumes in order to try to make more money faster. Cross border forex leverage. Unfortunately, there is still not a single CMA regulated Forex broker, leaving traders to work with offshore brokers.

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  1. In the report, these holdings stood at around Ksh.
  2. Even people who have been trading for years often take the course in order to acquire specific skills that they have not picked up in their years of trading, and they find that it makes a huge difference when they resume.
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  5. Recently, though, the CMA published an amendment to the Capital Markets Act in light of the fact that Kenyan residents were still participating in the online Forex market through unlicensed brokers.
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