How Do You Remove Emotions From Trading and Become a Disciplined Trader?

Everyone says that psychology is the most important part of trading. So if trading is 80% psychology, what makes up psychology?  I believe psychology can be broken down into two parts:  patience and discipline. This article focuses on discipline, and why it is so essential to your trading success. One of my mentors once told me: ‘If you … Read more

Forex Trading in Kenya: Overview Lessons on Online Forex Trade

 You have probably heard about the new business in town; online forex trading in Kenya. In fact, it has become so popular that it is threatening to overshadow every other online earning venture in Kenya. Nairobi has the highest number of online forex traders in Kenya. But this number is still less than expected, more … Read more

forex trading indicators

You Don’t Need a Thousand Complicated Indicators to Trade Forex

The number of forex technical indicators in the market can be overwhelming especially to a new forex trader. The Good news? You don’t need to use all of them or know how all of them work. You can devise a profitable forex trading strategy using less than 3 indicators, which will take you less than 5 days to learn and master.

Top 10 Forex Trading Blunders That Can Wipe Your Account in Less Than 3 Seconds

Your trading sucks. Or you are afraid of investing in forex trading because you are afraid of wiping out your account. Imagine depositing $100, $200, $500 or whichever capital you have set aside as forex investment only to receive a margin call after only a few trades… You would probably walk away and spend the … Read more

5 Incredible Tips That You Must Master to Be Successful in Forex Trading in Kenya

There are two type of investors in the forex market. Those who learn all there is to learn about the market, and those who approach forex trading as if it was a gamble. They do not take their time to learn. To them, investing in forex is not so much unlike spinning the roulette. They … Read more

Forex Trade Risks and Pitfalls: Part 2 (Volatility)

This is the second part of our forex trade risks and pitfalls tutorials. You can read the first part of this series here. If you would like to continue receiving tips on how to trade forex in Kenya, consider joining our newsletter. Understanding Volatility and How it Poses a Risk to Your Account Just like … Read more

Beginner Tips and Tricks for Trading Forex on a Demo Account

The best way for beginner forex traders to become acquainted with the forex market is to trade on a demo account. But where do you get a free demo account to practice trading? Don’t sweat the small stuff. Many forex brokers offer a free demo/practice account. To access the demo, you only need to sign … Read more

LEARN HOW TO CONQUER THE MARKETS WITH YOUR PSYCHOLOGY

[Revised and Updated for 2021]
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Written by Patrick Mahinge, CEO, Kenya Forex Firm.
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