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Showing posts from March, 2021

Forex vs Stocks: Which is right for you?

 The main similarity of Forex and stocks is that they are both financial markets. The term itself, Forex vs stocks is a very subjective one and can always change based on who is debating the issue.   However, the differences are very clear. Forex is the act of trading currencies, while stocks are the act of buying and selling the shares of various companies. Both of them are used as a way to generate payouts by the traders and a way to fund future projects by various companies.   Other similarities include things such as tools, terminologies, responsiveness to news and ways to participate in the market. Both Forex and stocks have become a digital platform and are mainly used by traders speculating from home or from a dedicated office.   As for the differences, there’s always the issue with how much is being traded on Forex compared to stock market. According to data, Forex has a volume of around $7 trillion, while stocks are a bit behind because they are not one sing...

Benefits of learning how to trade

I briefly mentioned the benefits of being a trader in a previous blog post, labda nimesahau - if that's case there is no harm on reminding you again. This could be you right now? Learning forex give you the opportunity to make money from every corner of the world by easily accessing markets through your computer or smartphone. You earn the ability to trade in both directions so you can still have opportunities to trade even in a market downturn You do not need to be constrained to time. You control your own working hours. The market is open 24 hours a day, 5 days a week. If you can manage and control your own risk, you can estimate exactly what you are willing to risk and create your own goals and plans to achieve these goals. Apply leverage and multiply your earnings. Leverage can earn you a lot of money with less effort and increase your capital efficiency. I currently trade with Ksh 1000 as low cost to enter the market is very much possible. You don’t need a lot of money t...