This archive report was first published on 15 August 2019.
The foreign exchange market, also known as Forex, is the largest financial market in the world, with a daily trading volume of over $6 trillion. It is open 24 hours a day, five and a half days a week, making it an ideal market for part-time traders who want to trade on their own schedule.
One of the key advantages of Forex trading is its high liquidity. This means that under normal market conditions, traders can instantly buy and sell currencies at will, without being stuck in a trade. Additionally, online Forex brokers offer mini and micro trading accounts, some with a minimum account deposit of Sh2,500, making it more accessible to the average individual.
Forex trading also offers a high degree of flexibility, allowing traders to set their own schedule and trade at any time. This is in contrast to other financial markets, such as the stock market, which are limited to specific trading hours.
Published on August 15, 2019.
