Forex For beginners

Forex is Huge Market where there is the exchange of money(currencies) i.e. buying and selling of currencies.Yaani for example Mtu akienda US anaenda kwa Western Union kuchange pesa apewe in form of dollars to use there akifika or anaweza change akifika huko....

So in the forex market where there is the buying and selling of currencies there are many players such as Banks,Large Institutions, Government, Brokers and us the retail traders

To know the value of each currency it's measured in something called Pips(axin whole numbers then the points/numbers after decimals ndizo zinaitwa pips.... They vary in reading different currencies

Retail....the smallest player in the market....The Banks and Institution leads......us we just follow

To get into the Forex Market,,, you open an account with a Broker

Kama vile you need to exchange money into Dollar you need to go to Western Union or Bank .....the same way now a Broker comes in to help you get into the Forex Market

There are many Brokers.....It all depends with your choice interms of do you want a broker that will offer you a credit after Depositing money Everytime or Gives a credit once,Do you want a broker with a high spread or small spreads,do you want a broker whom you can deposit using mpesa option or you just want Skrill,PayPal,Nettler....The broker must be legit/allowed to be in the forex market legally