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Showing posts from April, 2025

KNOW YOUR BROKER EPISODE 1

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  Hey guys, here's a know your broker episode with a review of the various brokers that one can use for trading. In Kenya, there's a list of brokers that are regulated by the Capital Markets Authority and they offer financial markets services. They are : 1. Scope Markets Kenya 2. FX Pesa 3. Exness 4. Pepperstone 5. HFM Markets 6. Ingot Brokers 7. Windsor Brokers 8. IC Markets 9. FP Markets Let's start by learning how to identify a trustworthy brokerage firm. These are the key steps to identify a trustworthy brokerage firm :  1. Licensed and regulated. Are they licensed and regulated by the Capital Markets Authority in the country? One can easily confirm that on the Capital Markets Authority website. 2. Physical location. Do they have a physical location that you can visit in case of any assistance required? 3. Education. Do they have educational services to help their traders and investors to learn how to trade and invest their capital? 4. Deposit and Withdrawal methods. Do...

USDCAD MARKET ANALYSIS

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  Happy New week everyone after the long Easter holidays. I hope it was a great and productive Easter holiday for you all and I welcome you back to the markets with a great setup. Into the markets today I'm looking at USDCAD as price dropped into a major daily demand zone at 1.38840 & 1.38230 which is the origin of the previous rally to the major daily supply zone at 1.44800 & 1.44430. Price filled the major daily range from the major daily demand zone to the major daily supply zone and back to the major daily demand zone. Price dropped into demand and formed multiple rejections with candle closes inside demand on the daily chart but on the H1 & H4 formed fake breakouts. Price formed a strong bullish engulfing on H4 by a constant push away from demand showing a potential bullish reversal.  Took buy positions during NY session at 1.38441 with SL at 1.38000. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H1 & H4 high at 1.39700...

MARKET OUTLOOK AND BACKTESTING SESSION

  Good afternoon traders, it's a beautiful Friday and here's the part two of the market outlook and back testing session carried out last week. This is an educational session for learning how to back test your strategy across various currencies. Listen, learn and enjoy as you get ready for part 3 coming soon. Cheers.

NEW WEEK MARKET OUTLOOK AND BACKTESTING SESSION

  Happy Monday traders, welcome to Q2 and here is a video session showing the new week's market outlook and also a back testing session. In this video, there's also a very brief intro to futures markets. Listen, learn and enjoy. Full video to be posted on Chase Capital you tube at Chase Capital 254.