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If you intend to become a forex trader, familiarizing yourself with key FX terms is essential. The reason for this is that knowing these words enables you to be an active trader. Here are the words you should remember: Currency Pairs, Pips, Leverage, Bid and Ask Prices, Broker's Spread, and Forex Lot Sizes. Currency Pairs. In forex trading, currencies are always traded in pairs. A currency pair is the quotation of the value of one currency against the value of another currency in the forex market. For example, EUR/USD is a currency pair that represents the euro against the US dollar. When you buy a currency pair, you are buying the first currency and selling the second currency. When you sell a currency pair, you are selling the first currency and buying the second currency. Pips. A pip is the smallest unit of measurement for a currency pair. It stands for "percentage in point" and represents the fourth decimal place in most currency pairs. For example, if the EUR/USD exc...

  Forex trading, also known as foreign exchange trading or FX trading, is the buying and selling of currencies in the global currency market. The forex market is the largest and most liquid financial market in the world, with a daily  turnover of over $6trillion . In this article, you will learn about what forex trading is and how the forex market works. Forex Trading Explained In forex trading, traders buy one currency and sell another currency at the same time. For example, a trader may buy the US dollar and sell the euro. The goal of forex trading is to make a profit by buying a currency at a lower price and selling it at a higher price, or by selling a currency at a higher price and buying it back at a lower price. Forex trading is conducted through a network of financial institutions, including banks, brokers, and electronic trading platforms. These institutions act as intermediaries between buyers and sellers in the forex market. How You Earn Profits For exampl...

Forex trading has gained popularity, especially among young people aiming to make money quickly. Besides, some people have even come up with paid courses on how to do this kind of trade. But, did you know that just like stocks or any other kind securities’ trading, you must deal with registered entities only?  If you are interested in investing in forex while in Kenya, you can do so through a licensed forex broker. Here are the steps you can take to get started: Research forex brokers that are licensed and regulated by the relevant authorities in Kenya, such as the Capital Markets Authority (CMA). You can find a list of licensed forex brokers on the CMA website . There are currently eight licensed online forex traders in Kenya. They include:   FXPesa .    ScopeMarkets .    FXTM .      Pepperstone .     Exinity Capital East Africa.     HF Markets .     WindsorMarkets .     Exn...

     While a lot of freelancers know how to generate extra income or diversify their income, many more are unsure of how to diversify or where to invest in. However, I can sympathize with the last group because selecting an investment is not easy. Personally, after trying my hand in several business ventures, I nearly gave up because of losses. But, I learned that I have to take charge of my investments because I was lis tening  to  o thers  too much yet none of them had ever established any successful business or had real investments.      So, after extensive research, I discovered convenient but long-term investment opportunities that all freelancers/con tent creators would love. We all value the expediency of working remotely. Therefore, unless you are good or blessed with setting up a business, you will find these investment paths attractive.      Remember to conduct research yourself about your selected path to understand...

    Almost all of us dream or hope to own land somewhere for investment purposes or for settling down someday. Well, to say the truth, land is a valuable type of fixed asset anyone can have today. However, this also exposes this type of investment to scams and cons that capitalize on Kenyan’s appetite and love for land ownership. If you are one of the many people planning on purchasing a piece for yourself, then you must know the due and legal process you must follow to avoid losing your money. In this article, you will learn about the entire process of buying land in this great country of ours in two major steps. The Legal Process of Buying Land in Kenya Step 1.      Let’s start with the basics before embarking on the legal process you should follow. You must first conduct due diligence. This involves: Identifying the type of land and your purpose for wanting to buy. What is your intention? residential, agriculture, industrial or commercial? Understan...