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which forex broker do you use & why?Replied 7 hours ago - I use Exness because they support my local account currency, and they have a low minimum deposit
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does the forex market open during eid muslim holidays?Replied 7 hours ago - Yes, the forex market opens during muslim holidays. The forex market is built around London & New York and these are not muslim countries.
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which candlestick pattern is most reliable in forex?Replied 8 hours ago - The hammer candlestick pattern is one of the easiest to spot because it looks like a hammer. I look out for it at the end of a trend as it known to signal a reversal of trend as seen in the image I attached where the downtrend turns to an up trend upon sighting the inverse hammer.
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cTrader or MetaTrader Which Is Best for a Beginner?Replied 8 hours ago - cTrader has better features but in the hands of a beginner, cTrader can do more harm than good because it is too complex and is like flying a jet vs flying a conventional plane.
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EUR/USD Beginner Level tradingReplied 9 hours ago - Yes, my take profit was hit at 10 pips and I have exited the market.
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whose on your list of lowest spread forex brokers in canada?Replied 10 hours ago - I would go with Oanda for Standard Accounts and Interactive Brokers for Raw Account
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what are the advantages of apex prop firm for Canadians?Replied 12 hours ago - I tried some other prop firms before coming to apex and what I like about them is that there is no drawdown limit and once you achieve th profit target they specified for your plan, you automatically become funded on your first try (they call it one-step evaluation).
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when does the forex market open in Canada?Replied 14 hours ago - The Asian forex session starts at around 4pm Canadian time and ends around 2am in the morning.
The London forex session starts from 2am and ends at 12 pm Canadian time
The New York forex session starts from 1pm till 5pm Canadian time
Note that the forex market closes on weekends and major publich holidays that affect banks (such as christmas & new year)
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| ⚖️Is Forex Trading in Kenya Legal? | Yes |
| ⚖️Forex Trading Regulator | Capital Markets Authority (CMA) Kenya |
| 📃Type License Issued To Brokers By CMA | Non-dealing Forex Broker Licenses |
| ✅No. of CMA Licensed Forex Brokers in Kenya | 12 |
Is There Forex Trading in Kenya?
Yes, Kenya has over 300,000 people who trade forex online and it is completely legal.
Forex trading in Kenya is regulated by the Capital Markets Authority (CMA) who are a statutory body established by law since 1989.
The CMA issues non-dealing forex licenses to forex brokers who meet their requirements & wish to do business in Kenya.