Patrick Mahinge – Best Forex Introducing Broker in Kenya
Discover Breakthrough Forex Trading Strategies
That Can Take You from Zero to 6 Figures Trading
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Hi, and thanks for visiting my website.
My name is Patrick Mahinge, and I am here to help you learn how to trade the biggest, most promising market in the world; the online forex market.
I won’t waste your time, and hopefully you won’t waste mine…
Please don’t read any further unless you are genuinely interested in banking consistent profits over the next few months and years. We should be fair and not waste each other’s time.
And before you confuse this with all the hyped up claims out there parading as legitimate trading opportunities, let me be straight.
About This Website
This site has been created purely out of a passion for forex trading, which if done correctly, can lead you to achieve financial freedom and as there is plenty of money in the world for everyone, I want to help share that wealth with as many people as I can, plain and simple!
When I am not trading, my time is spent sourcing the best information, products and services in order to provide you with what I believe will help you to become a successful trader either full time or part time as a 2nd income.
I have become fed up with all the rubbish that is out there in terms of so called experts promoting so called money making schemes (they are money making but just for the so called expert!) and having tried and tested a great many, some of which to be fair, were actually ok, I have decided to continue sourcing the best of the best in order to share my findings with you in order to assist you achieve your desires.
Therefore, my goal is to provide all my followers (of which the list currently stands at well over 1000 and growing) plenty of good quality content, regarding ‘what’s hot’ and ‘what’s not’ in the money making world that is trading.
My Trade Plan
REMEMBER – “PLAN YOUR TRADE, TRADE YOUR PLAN”
Selecting a Market
I generally trade the Currency Markets (Forex) and occasionally the Dow Jones and Gold.
Selecting a Timeframe
1 min, 15 mins, 1 hour for Intra Day Trading (Day Trading).
Will also refer to 4 hour, daily & Weekly time frames for overview of markets.
Selecting a Trading Style
I will use whichever is suited to the current market.
The underlying assumption/idea is I will use various forms of Support & Resistance like Pivot Points, Trend Lines, Fibonacci Levels and Daily Highs & Lows to identify such things as the direction of the market and a suitable entry and exit point.
1. I am looking for a trending market where I can then place my T1 & T2.
2. I then seek to move my stop to break even (b/e) after I have scaled out 60-80% of my position (always scale out
more than 50% in an attempt to feed your greed emotion) @ T1 allowing the remainder of my position to remain
open as a ‘free’ trade in an attempt to limit out @ T2.
1. If the markets are range bound moving sideways, I will enter at the high of the range if the market is in a down
trend or at the low of the range if the market is in an uptrend.
2. This strategy is all about calling tops and bottoms of a range thereby taking up a position either around the highs
or lows of the range depending which way the overall trend is.
3. This also ensures I do not have to use a large stop ensuring my risk is kept to a minimum.
4. Although the range can vary depending on which currency pair I am looking to trade and/or the volume in the
market I still aim to have at least a 40+ pips so that even with a late entry, there is still the opportunity to scale out
20+ pips before moving stops to b/e.
During a trending market, I am looking for a pull back/retracement to some form or forms of Support or Resistance
before taking up a position. This is a text book set up known as an ABC pattern (refer to You Tube and/or research the
internet to learn more or simply ask). I wait for Point A to Point B to play out then look to enter on the retracement
which would is known as Point C.
Depending on the Average True Range (ATR) of what I am trading, I will generally look to take at least 15% of the Average
Daily Range or 20 pips as my T1 (e.g. EUR/USD has an ATR of about 120-150 pips so 15% of this overall move = 18-22 pips).
Ping Pong Strategy
I will close the position at my stop loss or if I see an entry in the opposite direction or a reversal pattern setting up as
sometimes the markets are simply consolidating waiting to change direction.
I will exit the trade at the close of the entry if it fails to follow through and make any attempt at a retest of the most recent
high/low meaning no ABC set up.
1. I am exiting a trade as soon as I say NO to the following question:
“If I wouldn’t be in the trade, would I enter based on what I see?”
2. If I make my pips during the London Session, I am not trading the US Session.
3. I am not trading when I am distracted or feel ill or tired.
I am using Fixed Ratio Money Management between 1-3% of my overall capital. I will increase up to 4.5% when I have consistency and reduce to 1% when I have 3 consecutive weeks of drawdowns. I can increase my stake size/position every 6 weeks assuming that I have 6 consecutive positive weeks.
This is not a get-rich quick scheme. Any one promising that you’ll strike it rich overnight is a liar and a fraud.
On the other hand, there are major bucks to be made if you know where to look and how to trade… which is precisely what I’m going to show you.
But first, here is my forex story. I am sure you also have one, which is why I’d like to hear about your progress in the comments section. Don’t leave without commenting.
What Is Online Forex Trading?
Okay. Let’s talk about Online Forex Trading.
You might have heard about it before. Or this could be the first time you are coming across the term. Either way, today I have a very brief message for you:
You cannot afford to ignore forex trading if you really want to change your financial status! I have seen it move me from grass to grace in less than 3 years.
Like you, I started nowhere. But I was determined to learn and invest. Can you say the same of yourself?
Here is the thing. It doesn’t matter who you are or what you do.
You could be a student of economics and wondering why you got into it in the first place. Maybe you are in between jobs. Or you have a daytime job but you are desperately looking for supplemental income.
You are probably a small-time forex trader already. Maybe you run a multinational company….
It really doesn’t matter who you are. Forex trading is for every one of us. And the sooner you understand how to play the ‘game’, the better you’ll become.
Like every game, forex trade should be fun. You should play it to win. And just like games have rules, so does forex trading. Breaking any of the cardinal forex rules will break you.
This blog is dedicated to helping you master the game and its rules.
How I Got Into Online Forex Trading
I had a very tumultuous start with forex trading. I broke a fundamental rule, and paid for it dearly.
I am not the most brilliant forex trader in Kenya. I do not hold any academic qualifications in finance. I studied Journalism in a university with an awkward name to mention. I graduated with a second-class lower degree. and broke all my relatives’ hopes and dreams of seeing me on TV channels in Kenya reading the 9 o’clock news.
After graduation, I applied to different companies for a job as a journalist.
8 years down the line, I am still to hear from any of them.
Sometimes I console myself that my application letter got lost in the post office.
Or the secretary at the reception accidentally shredded it with some other garbage. She could accidentally do that, right?
Back then, I didn’t have much to show, but a burning desire to achieve success and financial freedom. It was this desire to shine that first led me to online forex trading.
8 years ago, after failing to secure formal employment, I was sitting with a friend at a popular restaurant in Nairobi.
I was explaining to her how I might not be able to contribute to our Chama anymore. My financial obligations were growing steadily, and I didn’t have a stable source of income.
She flipped her laptop open, revealing a desktop cluttered with all kinds of charts.
“You could try this. It is awesome!”
Over the next few weeks, I continued being drawn to online forex trading. What finally sold me to the idea of trading forex was not all the good qualities of forex trading, but the fact that all I needed to get started was a computer and an internet connection.
Totally intrigued with this new venture called online forex trading, I continued bombarding my friend with all sorts of questions:
- Did she know of someone else who had made money trading forex?
- How much was she making per day trading forex?
- How long would I take before I mastered the game?
They were all genuine questions, but what really finally sold me was the George Soros story.
Among all the people Agnes told me about, one example firmly stuck into my mind. She told me how On September, 16, 1992, George Soros made $1 billion in a single day, and rendered the Bank of England broke!
I was finally sold. I didn’t expect to make a billion dollars in one day like George Soros had done, but I was ready to milk the forex market for all it had to offer.
I borrowed 55,000/= from our Chama and invested the whole amount into online forex trading.
Things Going Haywire
I will never forget my first trade.
It was on the USD/JPY. The currency pair had been on an uptrend the whole day and had just reached a new high when I decided to place my trade.
I still recall the optimism that preceded the trade. I would be able to pay the chama loan on my first day of trading forex!
Since the USD/JPY price had reached a new high, I was totally convinced that it could only go down next. I clicked “sell”. The price continued to go up. I still held on, believing that the price was still bound to go down again. In fact, I clicked on “sell” again, this time I made my lot size double the first one. If the prices started going down, I could make some tidy profit.
Minutes passed. The price continued to climb.
Hours passed. I still held on the hope that prices would come down-that I would not lose any money on my first trade.
My account had already registered losses the moment I clicked sell for the first time. I couldn’t bring myself to close the trade on a loss. I had to wait for the trade to register a slight profit.
Three days after opening my first trades, the forex broker closed all the positions for me. I had received the dreaded margin call. I had lost all my investment.
I had tried to invest in forex and failed miserably. I had lost all my money and I was in debt.
If I am like so many people, it is at this point that I should have given up on pursuing trading forex. I was however convinced that I would make it, come rain or shine. Online forex trade was to be my ticket to the Promised Land.
How to be Successful in Online Forex Trade
Losing 55,000/= in a single week was one of the most devastating blows I have ever suffered. I had every right to give up and never want to hear anything about online forex trading again.
I had the right to believe that online forex trade was gambling. I was tempted to quit. The only thing that kept me holding on were two question that I kept asking myself:
- Did I know of people who were successful forex traders in Kenya? The answer was a definite ‘yes’.
- Did I want to be successful in forex trade?Yes I did.
90% of beginner forex traders lose money in the industry. Most of them never go back to trading. This is a scary statistics, and you have all the right to stay away from online forex trading.
However, look at it the other way round. 10% of all beginner forex traders end up making a fortune with online forex trade.
To be successful in forex trade, you have to switch your mind. You have to think like a winner and act like one.
Of Trader A and B
Here is an example of two traders that I like to give. I’ll call them trader A and B.
Both traders have 100K that they would love to invest in the forex market. Trader A divides his money into two parts. He uses 50K to pay for training, and reserves 50K to use as his starting capital.
Trader B does not see the need for training. He invests 100K into his trading account. After 2 weeks, he has committed every mistake in the book and lost his whole investment.
Meanwhile, Trader A is enjoying a smooth ride. He started with training, avoided all the common forex trading mistakes, and after one month, he’s recouped the money he spent on training and reinvested it! He is headed for Gold!
At this time, Trader B- the losing trader- has a few things he can do:
- He could work his way up again, earn 100K and invest it in his trading account, or
- Get another 100K and divide it into two. Spend 50K on training and 50K to invest.
Which Trader Would you Rather Be?
When I first started trading, I had all the characteristics of Trader B. I was stingy with my money. I didn’t want to pay for training. But I learned the hard way.
Ignorance is expensive.
After my catastrophic loss, I dedicated the next 6 months to thorough learning. I spent time on forex forums. I read free articles on forex trade websites. I registered for expensive forex training courses by Adam Khoo and I even flew to London for a weekend of training which cost me more than 250K.
I was ready to spend every coin in my savings account to learn this thing.
The more I learned about online forex trading, the more I came to realize the cardinal laws of forex that I had broken
- The trend is your friend
- You do not hold onto a losing position
- You should never invest money that you are not ready to lose
After three years of severe practice, lots of sweat and tears, I finally made it. Between June and August 2014, I made over 1M Kenya Shillings trading forex.
That was my turning point.
I have mastered the art and science of trading the forex market, and I am here to help you too.
About You and The Forex Markets
The Forex Market is one of the biggest markets in the world.
There are innumerable websites offering free forex trade tutorials, including a few that are run by fellow Kenyan traders.
I do not wish for the Kenya Forex Firm to be another website that regurgitates content from the web.
There is only one purpose behind this website. To teach you how to trade forex like a pro.
I have developed a foolproof trading system that every trader would die to get their hands on. My strategy has over 90% win rate in the forex market.
But to be honest. This training is not for everyone. In particular, it is not for the Type B traders.
It is for the guys who believe in the power and beauty of their dreams, and they are willing to do everything to live up to those dreams.
Which Type of Trader Are You?
So, are there risks to Forex Trading? You bet there are.
And if you’re not careful… if you dive in without the proper training or the proper gear… the Forex market can knock you on your back.
The difference between failure and success… massive success… is knowing how to put the odds of success in your favor.
Just think about how casinos operate.
The individual gambler goes to Vegas hoping for quick and easy money. They may enjoy the thrill of an occasional win… but for the most part they’re on the losing side more times than not.
Emotional and untrained, the gambler is like the typical Forex trader, hoping to hit the jackpot on their first dime. They’re seduced by the flashing lights and neon signs of the latest “system” or eBook to come along. In the end, they end up broke or worse… in serious debt.
The Casino or House on the other hand is raking in all the profits… day in and day out. They don’t fret over daily ups and downs because they know the odds are in their favor… big time.
Which Would You Rather Be… The Gambler or the House?
The answer is obvious and clear… and that’s where my newest course, Advent Forex, comes in. It puts the odds decidedly in your favor.
It’s like having a personal mentor by your side, showing you the ropes. You’ll know when to hold and when to fold… maximizing your profits… potentially every time.
And just how successful can you expect to be when you start trading with the Advent Forex system?
Well… here’s a screen shot of a two year back test, from August 2017 up to July of 2019. You be the judge if this kind of income potential and ROI is right for you and your financial goals…
Remember… the secret to building wealth in Forex is having consistent, predictable returns that compound over time.
Forget all the hype about making 900% in one month that some unscrupulous marketer would have you believe. Spare yourself the certain misery that comes from following these pied pipers… and put your focus on becoming the House.
The money gets really good… sooner than you might think.
As you ponder that, I’d like you to check your email inbox for an email from me. I detail the next steps you need to take to not only access my forex trading course but also become a success forex trader in Kenya.