Hey guys, I’m interested in forex and Bitcoin trading. Kuna wasee wanaifanya hapa or know someone doing it? I’m ready to learn. Hata kama ni tutorials za YouTube maybe y’all can share links. TIA.
I can teach you, at a cost. Uko na pesa ama umesota?
On second thought, I think experience is the best teacher. I will only give you one free piece of advice which you will probably ignore as most noobs do.
– Never risk more than 1% of your bankroll on a single trade.
If you follow that one piece of advice, you will survive long enough to develop your own strategy.
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You are about to enter a dark path, avoid gambling. You hear people saying with Bitcoin you can become a billionaire like the guy who just commented above. But there is neither a product or commodity nor a service in exchange, just “trading”, you even fail to understand
Mimi advice yenye I will give you apart from not risking more 1% of your account on a single trade…that’s very important, is don’t get into this world of trading with a get rich quick mentality. Hakuna kitu kama hiyo, its a skill and you gain it by practicing on a daily basis until you get a strategy that works for you. Avoid you tube kwanza if you are a newbie. Get books to read first, work on understanding the markets and gaining the necessary skills plus work on your psychology…this is a very stressful career. If you don’t work on your psychology you’ll be prone to aspects like revenge trading and the likes. You can use youtube to get a better understanding of how maybe to work on your technicals. I would have taught you but I don’t have time on my side though I can help you get started. You can start with this book I’m attaching here. ukiimaliza rudi hapa tena and we’ll see the kind of progress you have made. You can also follow those guys and maybe you will learn a thing or two
Personally I have been trading Bitcoin for sometimes now. I can’t complain. It’s like gambling just don’t invest money you ain’t ready to lose. For close to two months now the market has been stagnating at 5.3.
NB. Don’t use Paxful. Kenyans are there ready to scam you. I use local bitcoins https://localbitcoins.com/
Every week I must do a trade. Below is an attachment.
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[ATTACH=full]386535[/ATTACH]
Unataka ufunzwe Bitcoin na Forex trading?? You have failed by asking this question.
Learn how the markets work first and set up practice accounts on platforms like Etoro. If you find that you are at a loss by the end of six months while actively trading, wachana na hio maneno…
And by the way, Forex is the worst trading commodity. To successfully invest in Bitcoin buy some coins and forget about them for 10 years and the value will have jumped by over 10000 percent.
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Lol ati forex is the worst trading commodity!! You tripping.
Forex is the worst shit to trade in that’s what I meant. It is basically gambling. You cannot invest in forex. It is pure gabbage.
Only market makers and manipulators make money. For retail traders it’s the worst. If you put money on a stock like Facebook there is almost guaranteed returns in 10 years, same with Bitcoin. Not so with forex…
Speak for yourself. I think you tried and failed coz you got into it thinking it’s gambling…just simple buying and selling huh?? and that’s why you are talking like this. For me and many other guys that I know, it works perfectly well. Currency prices don’t just oscillate up and down for no good reason…there’s a whole lot of macro economic fundamentals that you need to grasp in order to full understand the forex market. Yeah we always hear about people like you blaming market manipulation but that’s coz most people who talk like that don’t even know wtf they are trading and why they even place a trade in the first place. Pure lack of foresight on basics like proper entries and exits on your trades and also not understanding liquidity traps periods. You are misleading people on this thread with your one sided biased view on a market that you clearly have no clue how it operates. Ungenyamaza tuu and stop at the btc part.
I’ve never tried and will never try that nonsense. Anyone who thinks they can trade forex successfully for years is lying to themselves. How many forex billionaires do you know of. Stock billionaires wamejaa. There are even stock tradign firms that trade on behalf of clients.
But forex trading firms trading on behalf of clients umeskia wapi. The risk is simply too big to consistently make sensible returns. Wacha kumislead watu. Forex trading is GAMBLING… In the US and Europe, you can’t licence a forex trading firm due to the pitfalls. It is even worse than GAMBLING… Only market makers are allowed because they act like casinos…
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I’ll give you even a better one. Kuna forex fund in Kenya already FYI regulated by CMA already…has been consistently making good returns for investors. Check SIB (Standard Investment Bank) Mansa X fund. Dude, your assumptions are wrong on so many levels.
Your assumptions are wrong on so many levels. I won’t even go outside the country but here’s a good one…go check SIB’s (Standard Investment Bank) Mansa X, they’ve been trading and making consistently good returns for their investors. Regulated by CMA
Big banks also trade in currencies…they even have separate forex trading floors!!Goldman Sachs, JPMorgan Chase and Citigroup…you can get employed and your work is to deal in the forex exchange markets and futures trading. Wacha propaganda nani
Boss tema jaba… Mansa X does not do forex trading. This is the quote from their website.
“The Mansa-X Fund is a Global Multi Asset Strategy Fund that invests in the global online foreign exchange markets whose primary objective is for the investor to achieve capital growth.”
The big banks that you speak of are NOT RETAIL TRADERS. They are MARKET MAKERS. This means that they increase their currency rates at their will on customers. They make a profit on currencies regardless of the market conditions. Kama dollar ni 90 bob wanasema ni 100 bob na hakuna kitu utadoo unless the government steps in on your behalf…
This
Is the exact quote…“In December 2018, SIB was licensed as the first Online Forex Trading Money Manager in Kenya, by the CMA, under the CMA Online Forex Trading Regulations, 2017.”
Why you lying tho?
I’ve quoted their statement from Mansa X. Wewe umoquote from CMA. Having a license does not equate to specializing in forex trading. They are a FOREX MONEY MANAGER from YOUR quote.
I have family members who’ve invested in Mansa X…I’ve been at their offices and talked with them bana wacha porojo mingi.i
[quote=“dan1, post:13, topic:267259”]
Boss tema jaba… Mansa X does not do forex trading. This is the quote from their website.
“The Mansa-X Fund is a Global Multi Asset Strategy Fund that invests in the global online foreign exchange markets whose primary objective is for the investor to achieve capital growth.”
The big banks that you speak of are NOT RETAIL TRADERS. They are MARKET MAKERS. This means that they increase their currency rates at their will on customers. They make a profit on currencies regardless of the market conditions. Kama dollar ni 90 bob wanasema ni 100 bob na hakuna kitu utadoo unless the government steps in on your behalf…
[/QUOTE
I never said they were retail traders but they do participate heavily in the forex market[/QUOTE]
Sasa unataka kulia… :D:D… Forex is GABBAGE. Simple as that. No successful investment firm specializes in forex trading.
I have family members who’ve invested in Mansa X…I’ve been at their offices and talked with them bana wacha porojo mingi.
Mansa-X | Premium Investment Solution by SIB
That’s their official website. I never went to CMA’ website. Now take a look at what they trade and tell me what you see
This is the statement from the page you have referred me to. They don’t specialise in forex trading.
"
Where does Mansa-X Invest?
Mansa-X is a highly diversified fund, investing in a wide range of asset classes that include:
Currencies
Precious Metals
Commodities
Stock Indices
Single Stocks
Cash & Fixed Income"
You tried, you lost…go take a nap Sasa. You can’t only trade in forex market and you claim to be an investment bank kijana. Most firms diversify their portfolios.