AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk

The Australian Dollar is a popular currency among currency traders. This pro-growth currency has been relatively stable during the past few weeks, despite the US Dollar depreciating. The Australian dollar’s performance is driven by several factors, including interest rate differentials, commodity prices, and the global economy. Nonetheless, the latest fundamental headwinds that are weighing on…

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Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

During the recent credit crunch, the Australian Dollar has served as a repository for traders’ fears. It is a very volatile currency, and its exchange rate is prone to rapid depreciation. The Australian dollar is influenced by many factors, including demand and supply. However, there are some long-term factors that play a larger role in…

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How to Start Trading Forex in Kenya

If you live in Kenya and are looking to trade the Forex market, you may be wondering how to open an account with a forex broker. The good news is that there are plenty of options available to you. For starters, you can choose a non-dealing desk (NDD) forex broker, such as Exness. The broker…

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How to Choose Currency Pairs in Kenya

There are a number of factors to consider when deciding on currency pairs in Kenya. The types of exchange rates include Major, Minor, Exotic, and Fixed. Understanding these factors is essential to making informed decisions. The first consideration is whether to choose Major or Minor currency pairs. A fixed spread is always fixed, while a…

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MetaTrader 5 for Forex in Kenya

MetaTrader 5 (MT5) is a highly regulated trading platform with ultra-low spreads and high leverage. It offers a diverse range of trading instruments, including stocks, indices, and cryptocurrency. It also offers a demo account with no commission. In addition, it allows you to deposit with a credit/debit card and make withdrawals instantly. MT5 is a…

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The Future of the Altcoin Market in Kenya in 2022

With over 50,000 Bitcoin users, Kenya is a prime market for cryptocurrencies. The country has a relatively large Bitcoin owner base, which is above average when compared to the global average. However, there is much uncertainty surrounding the future of the Altcoin market in Kenya. Here are some things to keep in mind: Ethereum is…

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Forex Trading Platforms in Kenya

If you want to trade in the Forex market in Kenya, there are several platforms to choose from. These include Markets X, eToro, FXPesa, and HotForex. Read on to discover more about these options and how to choose one. You can also find out what each offers by reading the reviews and feedback of other…

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Choosing Forex Brokers in Kenya

If you are looking to invest in the forex market, you should choose a broker that is regulated by the Kenyan Capital Markets Authority. This is crucial because unregulated brokers can compromise your funds. Brokers that are regulated by the CMA are the best bets if you’re a beginner. There are many factors to consider…

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