 Welcome back. This is still Why In The Morning. Like always you can interact with us on our socials and that includes Instagram and on Facebook and on Twitter at Y254 channel. On Instagram it's Y244 underscore channel. By the way we are verified with a blue check mark. You can check us out as well. But you can interact with us on the conversation on the hashtag which is Why In The Morning. This is Y244 but now Y in the morning. But personally you can check me out at Brian Sokwon one on all my social media platforms as well. Now right here on this segment we're going to talk about matters for X trading. What exactly is it and what does it take to actually take on that journey so that you become a forex trader. What are some of the nitty gritties and even the history behind forex trading and definitely you love it here. So you take a pen and paper and move close to your TV because you're about to get schooled and are joining us live in studio but we've also posted our photo right there on social media where you're watching from tell us. We'll be sampling your feedback towards the tail end of the show but live in studio with us is our Shira Karyuki. He is from Windsor Brokers. He's also the head of training and research who is going to actually take us to the journey of forex trading. Good morning son. Good morning to you Brian. Pleasure to be here. Thank you for having me. Right how are you feeling? Very well very well excited to be here. Excited for first time on TV. Yes it is. Happy to be here. Pleasure to be here. There's people who get extremely nervous but see your comment collected. Thank you thank you. All right let's get into it straight up. You know for you know many stories have been told you know about forex trading and I love the fact that you know today we are speaking to an expert who can actually paint for us a picture of what exactly is it for a person who is watching right now and they have no idea what forex trading is. How could you define it to them? Forex trading is a most modern most effective most convenient way to access global markets trade and access global markets worldwide and from the comfort of your home you're able to take positions in the global market of course assuming have the right understanding and knowledge of the market and hopefully you're able to make and generate an income from taking those particular positions we call it trading that's why it's called trading effects. So the reason we are very excited about it is and happy about it to talk about it is to encourage more people to get into the market discuss it get trained participate in it because it doesn't matter from 18 to 80 years old you can participate in this market there's no age limit gender religion position geography there's no limitations whatsoever it's truly the definition of the 21st century global village and if there's an income to it I think this is the best time to get into it right now the biggest the biggest question is now how can I get into it and become a forex trade up because also most of the stories that have been told about forex trading some of them are controversial correct but a lot have a good ending or still continue to have a good a good ending correct now for a person who is watching and they want to venture into it how did they go about it yeah so like you said understandably so there has not been enough knowledge enough understanding about the business and that's why there's maybe been that kind of a problem but we're happy to say between the regulator and the brokers coming into the space there's been a lot of alignment a lot of clarifications a lot of understanding a lot of trainings which have really helped the business so to get in the business is quite simple brian you just go to our website or any website really but ours is probably the best winsabbrokers.com right you just type in and key in your email address and your telephone number upon which we just pick up that information and we call and follow up to help you finish your registration remember we are under the auspices and the umbrella of the capital markets authority they are the regulator for this particular business oh that is the regulator correct cma correct so i'm happy and proud to say winsabbrokers is licensed we are based in park place building on second second avenue park lands on your way to agakan hospital we are in that building right there you are we are open to can come visitors talk to us meet us ask questions in person visitor offices we're very happy to tell you that we are physically located in the country so again back to us your question with clarity just you don't need to come to offices but if you just go to a website and register just say click open an account open an account that just put in key in your your telephone number and your email address and then you upload your id and your pin and the reason is just like trading shares which is probably what most kenyas at least have a bare minimum understanding of you require to have a cds account for shares in the same way in the account meaning for shares no i'm saying i'm doing parallels so cds is for shares you need to have a trading account in effects or in global markets as i like to call it so we require your id and your pin for authentication purposes and to make sure that we are able to capture your details and we make sure that it's the person opening the account is the one who is trading it all right so outside of that you're up and running in five minutes brian you can have your account ready ready to be funded and ready to trade just your id and your pin and just the first thing you do is you give us your telephone number so that we're able to get back to you call you follow up and assist you right and your email address that's it that's it and that is on your website that you mentioned it's correct winsabrokers.com is the name of our website in kenya we go under the business name wins the markets because we are subsidiary of the mother company but by and large for all intents and purposes we focus and use the word winsabrokers.com all right fantastic now also there's the issue of transparency and trust you know you just kind of google a site and then all of a sudden you're logging in giving your id and your pin how can someone decipher between you know this could be a scammer and now this is a legit forex trading website like yours now yeah sure good question very important legitimacy really is a foundation of trust all right and so the how this works is one you need to check if the broker you're dealing with is licensed you don't even go to a website just go to CMA the regulators authority there's an entire list of nine brokers who are currently licensed or the only nine in kenya the only nine in kenya right and you're among them we are among them yes okay i've actually been in kenya for almost 17 years plus personally i've been with winsabrokers for 14 years plus right that's a decade yeah it's a decade plus yes i've seen the evolution of the business and i'm happy and excited that now it's becoming mainstream the average kenyan can participate in the market mobile trading is available training is happening physical offices are happening symposiums and expos and events right are happening we are now going to the clients like we are about to have an event in mount kenya university from monday the fifth to friday the ninth anybody listening and has a time and willingness and wishes to meet us in person they can indulge us and come over to mount kenya university which is in thika from the fifth to ninth which is next week monday to friday okay we're going to be setting up camp they are meeting the students and gauging them discussing opening accounts training them in person basically making sure there's enough appreciation of the business opportunity that effects portends and stands for so yeah one of them so fast confirm the broker you're dealing with is licensed there are a lot of unlicensed brokers you have no uh recourse should your money get lost or there's a challenge or there's a problem so we are bound by the laws of the country of the land all right and we operate under the regulation of cma right which means we have ticked some boxes regarding authenticity structure management operations licensing and stuff like that right number two we have a physical office visit the broker meet them in person all right like when you give us your details your telephone number we call you up right we start engaging you with a kenyan right and we help you support you regarding the problem the challenges you may have your problem uploading your pin your id maybe is not clear whatever the case so and more importantly we work with you we don't we don't just open an account we interact with you we support you and then we work with you the entire journey of learning effects trading effects and any other issues that may arise on the fly we're happy to serve you so yeah confirm the broker you're dealing with is authentic is legit is licensed is fully operational is willing and able to serve you and more importantly they're doing it in a way that leaves you feeling that you've truly been assisted regarding understanding the business and participating in the business right correct now uh to walk us through the journey of now a person who has now already signed to your website and how they want to start trading yeah before you actually demonstrate to us we would reach there at some point now for a newly recruit yeah that has finally now gotten a chance to work with Windsor right take us to the journey of now you know they begin slowly by slowly what is the first step now they get to now start trading fantastic so the first step is uh logging the website like I said just to recap uh give us your email address and your telephone number if you can at that point in time you should upload your ID and your PIN for the PC purposes it's called verification PIN now this is KRA KRA PIN correct right if you don't have one you just go to the website or KRA website and just uh feed in your details you'll get a new one issued to you immediately right all right that's just it's called know your client documentation it's just proof of residence and proof of identity which is necessary and actually it's regulated required all right so once we have your details at that point in time number one we call you at this point in time we engage you as a person in case you've not finished your documentations we help you finalize we work with you we don't let you do it by yourself the second process is that we then ask what exactly are you a competent trader are you an ongoing trader are you a learner are you a beginner all right and if you're a beginner which is generally the case as we've noticed in Kenya we then add you to training classes right we tell you we we have the trainer call you uh we then tell you when the classes are the classes are daily they're all online you don't have come physically just click a link and engage with us online uh then after that we're able to give you tutorials remember we tell we send you the link where we have curated and put all the videos of the trainings together right it's on our website we call it education education is a very key cornerstone of wins and brokers because we understand this is someone new they are curious about it they have heard about it they are interested about it but the the first thing is to get the proper information well structured well-composed information on how effects trading operates as a concept as a bare minimum after that you now fund your account right and we have various ways of funding your account and PESA card bank transfer we have pretty much connected and partnered with all money transfer services and funding your account should not take more than five minutes if you have the money in your PESA the minimum amount we take in our accounts is $20 with $20 you're able to start taking positions so at this point in time number then last but not least and this is a very crucial part you then go so you have the educational materials you have your account which has been verified uh you're watching the tutorials and the videos on our website and even the trainer is calling you and guiding you through daily classes you then you can then log into our portal and get our research updated research on a day-to-day basis we don't just let our clients figure it out by themselves even after opening the account we do and conduct proper research we send this research as an email in case you don't have an email or you forgot to check your email you can log into the portal in real time right and see what our research stands what our outlook in terms of one of your history some of the successes exactly what not yes we're able to show you what our daily analysis for various asset classes and so that we're able to we're just trying to assist you make a better decision on how to go about your trading we're not allowed to trade that's very important on your behalf yes brokers just facilitate the market we provide the market we have access point to the market we do not trade for our clients so they're supposed to learn enough to be able to make an intelligent and rational decision and that's why we go supporting them using research in addition to what they are learning so that at the point in time they're making the decision on what to trade and how to trade they are at least backed up by a lot they have information and research and we continue to work with our clients on the same on a digital basis right sounds like a super transparent deal now speaking of deal you've mentioned of money you said minimum is two thousand twenty dollars twenty dollars sorry for person who's coming in and they have expectations of course the expectation is i want to make money right like ace up everybody wants this thing wants to make money correct now here you are talking about you know you should come with twenty u.s. dollars correct and you know people expect you know i'm just going to sign up and then you don't go some magic is going to happen and then i'm going to make money yeah but now here you have to have your own money now for a person who doesn't have it how can they do well we are offering a good question brand we are offering something called a promotion bonus a promotion a deposit bonus a deposit which is a promotion actually basically it's it was created with the understanding that some clients may not a have the money b not willing to put in their money initially so when you sign up and we can see you're clearly interested you truly wish to learn right we give you our money thirty dollars all right it's called the thirty dollar promotion bonus initially and we credit it to your account upon request all right you have to request for it on the portal at the point in time where you're signing up you can request for that bonus and we are happy to credit that amount to your account it's meant to stimulate your excitement and encourage you to learn it's meant to show you the reality of the business because ultimately you're trading money and you have to have some capital remember we also have demo trading of this demo which is a fifty thousand dollar account we it's free money but it's able it's able to duplicate and duplicate the conditions of the real market so you're able to accept it's not real money it's practice money right so it's not real money so it's not withdrawable it's not a dummy it's a dummy account actually that's the right one but it duplicates and replicates the entire real market so that is created and given to traders so they're able to learn to create a system and a process understand how the market works come up with a system and get a feel of the market and start trying to understand how to navigate the market before they put in their own money at the point in time they want to put in their money we even put in the thirty dollars right or you put in the twenty dollars and we add the thirty dollars so you have a lot more a bit more capital to start off your journey and so we are we are trainers we are guide us we are researchers on top of that we still give you some some of money to start the the learning process yeah and you still have the demo where you can comprehensively uh like you borrow from exactly exactly and at least be able to comprehensively understand how to go about this business does it work how does it work you know and stuff like that the difference is you cannot withdraw the you can't withdraw the dummy yeah the dummy is not real but even the thirty dollars once you start trading and you put in your own money now you're now able to start uh understanding the deposit and the dual aspect of the business right so just for structural it's important to understand the structure of the business effects and how it works right now let's get to the trading part before you demonstrate to us you know somebody could be wondering what am i trading it's forex trading yes but what exactly am i trading and here you are uh you've been asked to deposit twenty dollars and also thirty dollars from your side now how is this trading what is happening what are some of the nitty gritties behind this trading okay okay all right so this now let's get in the technicals of it so all right uh trading participating in effects is basically plugging into the global market right if you are to take all the stock exchanges worldwide the new york stock exchange in the u.s the japanese stock exchange the australian stock exchange the london stock exchange all those are markets worldwide right very Nairobi as well the nsc no it's not big enough as yet uh nsc is not big not quite right we have south africa which is participated the south africa currency is tradable in our markets right and so you are able to plug into those markets without ever moving from where you are and we have taken the time and trouble to aggregate that entire market and put it on one platform right and it's accessible 24 7 5 days a week from monday to friday right because it's a global market the the truth of the matter is that it's it's a it's an assembly of geography so in the morning it's called the far east asia is when the market well that's where the sun rises right in the far east in japan so they are the first to open at that point in time we are asleep at 8 a.m when we wake up that's where now they are going to bed right then now the london and the european segment of the market picks up in the afternoon and late evening the u.s the west kicks in so the sun is setting here it's rising in the u.s so what the fx does it follows the market whoever is awake the market is being moved so it's an algorithm not really it's an assembly of all the markets provided now i'm saying that because you don't know who is who is moving but you're able to see the market is moving and that fluidity and that connection of all the spheres and all the continents makes the market 24 hours and now you hear you have you have a curve that shows that correct so the market is available now to trade there's a platform you download from the website it's called the mt4 trading platform and the winds are yeah mt4 it's just it's just a trading platform to not make it too complicated you go once the same way you download and give us your details and upload your id and your pin is the same way you download the trading platform from our website it's two minutes it's free right and we've even taken time by the way to develop an app right called winds are brokers trading up for which you're able to access your account on the fly on the go from your phone right so you can monitor everything and monitor everything know what's happening research we still post it there you can access your account you can deposit you can withdraw from the app right and you can also trade from the platform right and so we have tried to make it as integrated as possible as light as possible and as convenient as possible so that when you come to the trading now and because now like I say the trading is the market is available 24 hours everything is moving every single day five days a week right because the market opens at 1 a.m. on Monday 1 a.m. our time when we are asleep it goes all the way to Friday midnight okay at midnight it shuts right waiting for Monday again to kick in right when Japan opens now the market kicks in but you you're not concerned with those issues right you're just looking at one central port as I'll show you and illustrate and you're able to see what's happening with the market I hope I've explained it definitely we've gotten an overview of that now as you continue trading does it mean you continue depositing more money or once you deposit the $20 and the magic continues to happen correct that is your initial capital if you wish to deposit more because you wish maybe to take more positions you wish to trade more items then it's advisable you put in more capital all right uh but generally you only deposit because you want to deposit not because it's a requirement of the platform but generally speaking remember the limitations there's only so much you can do with $20 all right so the limitations on the things you can trade if you have many positions you're not the limitations to that generally the more capital you have the better it is for right you have the flexibility right right interesting now um from the from from our perspective where you know uh somebody has now made a successful trade right possibly how much could be for a successful one how much is the biggest and how much is the smallest amount good question bryan and that's a very subjective question it depends for example and I'll give again let me use a stock exchange for best example you buy a share of I don't know bamburi at 10 shillings right one person will hold it assuming it's appreciating in value it goes all the way to 50 another person just wants you to go to 12 shillings from 10 another person will be okay with it going to 20 shillings all right so different traders have different risk appetites and also different expectations you've got it risk risk appetite yes like how much are you willing to to put in per trade right how long are you willing to hold that position remember because the market is open all right the market is open and it's available to anybody so you can put in a position take a position today and you can hold it for six months right another person wants to hold it by the end of the hour another person after five minutes there they want to exit and that's a beautiful the FX market right it's liquid so you can pretty much do whatever you can want to enter and exit after a minute we'll do that that's a new open a position close a position exactly it's on you which is exactly where the part of education understanding guidance and support from a broker makes a big difference and that's what we really focus on because once you have the knowledge how you utilize and apply that knowledge is up to you right that that part is open-ended and different clients have different expectations and ideas on how to go about it at least with the training it gives you more understanding on how to best go about it but how they go about it is personal preference right right I have like two questions and then we can get to the demonstration part now for in terms of there's been a lot of stories let me say that or as case you somebody I bought a bought BOT right and then I got scammed okay do go go the person is not available anymore they're not in reach yeah and here you are you've given this person ten ten thousand kineshi links and they're now missing an auction and then somebody in other stories somebody bought that bought okay yeah bought a bought won't try to do some trading it backfire and then they went on social media all this guy has been scumming us there's a history of viral forex scammers what exactly is happening in that space fantastic good question Brian I'll answer that question in multiple ways the first is that the regulator has come in and put in clearly he has clearly stipulated the structure of what what how this business should operate right you don't get to trade anybody else's money unless you're a licensed fund manager so there's clear regulation on who should trade for people and then there's clear regulation on how brokers should operate all right so the issue of delegating your trading to a third party has been clearly addressed but I'm happy that there's more people now who know that it's supposed to open your own account fund your own account trade your own account and that's why we teach and train right number two regarding BOTS to be more specific right as a general rule I always we try to tell people to as much as possible learn instead of trying to circuit the process and get a shortcut right generally speaking if someone is selling you a BOT that makes money it doesn't make sense because if the BOT makes money then that person should just use it to make money they don't need to sell it sorry for the purpose of clarity for a person who doesn't understand what a BOT is please explain yes a BOT is short for robot right a robot is generally more often than not it's an automated system right that plugs into the trading platform to find trades on behalf of the trader execute and take positions and close those positions you're basically delegated the the learning process you're saying I want this trade basically the BOT decides what to trade decides when to trade trades and decides when to close that trade essentially takes the entire trading process away from the trader and is a external mechanism taking decisions by itself on your behalf on your behalf is it risky extremely in my opinion however granted let me qualify that statement granted there are institutions who have perfected the art of BOTS right these are hedge funds and very large institutional banks Goldman Sachs the big guys right city any big guy right douche bank and hedge funds Citadel capital and the rest right they they have very intelligent traders and very intelligent programmers and they keep on tweaking these systems right to better find for lack of a better word efficiencies in the market where they're able to take an edge and be able to trade more efficiently all right now they don't sell those because for simple reason they are proprietary they are owned controlled and adjusted by them and they are not created for public use so it can be manipulated just in case somebody sells you be a kind of it may not be so like I said earlier we're having that discussion very intelligent interesting discussion you cannot delegate the concept of learning to trade to a third party as much as possible you need to learn yourself okay right number two BOTS generally can be manipulated but not for the benefit of the trader a trader right and sometimes those BOTS are very inaccurate because they don't understand human sentiment and emotion and the market is driven by supply and demand however to answer that question now how we've dealt with that problem as Windsor brokers we are proud and happy to say we are about to roll out something called copy trading which is going to be a very important substitute for clients who do not wish to learn to trade all right so you're able to open an account and link your account to someone who is has a competency right so we'll give you a wide array of traders you choose because you have the entire history of the performance okay select who you think is best and suitable for you and link your account to them when they trade that trade will be duplicated in your account right now that you're able not to get the results of the trade exactly and if it's money exactly so it's a robot but it's not really robot it's robot in the sense that you didn't trade someone else is trading but actually we're just duplicating trades from one account into another and the regulator has licensed this and he's given this a node of concept and it's up up and running and now you are privy to being scammed if you have no awareness of what you're talking about correct all right we have like four minutes to go so please show us how to trade absolutely I hope they'll be able to capture that definitely they will so it's going to show us how to trade continue interacting with us on our social media hashtag why in the morning why to for for channel on the gram underscore on the gram facebook instagram and on twitter as sorry on the gram is already instagram anyway at why to for for channel we are also on tiktok at why to for for channel personal at brand second one we're good to go now yes we are right so you can definitely demonstrate to us let me just link internet okay to the portal so you mentioned also are trading up so this means now you really have a system on your laptop correct so i've taken i've really downloaded the trading platform okay number one after downloading the trading platform i'm saying the app is something on your phone you can use to access your trading account quite simple right uh yeah i want to tether or you have internet here yeah sure sure because one of the things you always need is internet by the way so the only thing you require to access your account is internet you have data on your phone you can trade if you have internet on your laptop you can trade right all right okay so how do i show this there's a counter so you can just go ahead oh really moment to start the capture okay right so basically this is the market by and large right this is the market uh these are the things to trade all right so we have currencies which is uh euro sd gbp usd a u d usd it's quite simple we also have commodities we have currencies we have metals we have shares we even have shares this is the price of Boeing is at 203 dollars per share cisco 49 ebay all right this is all available on our platform we have basically aggregated the entire global markets okay right and from the comfort of your phone or your laptop you're able to access the market i don't know if you're able to like maybe sure turn your laptop on this okay let me know how to do it maybe camera one can be able to i turn it around yeah sure you can be able to point point point it on this other side okay so that'd be able to do it uh i think you if you're able to be in a position to stand that we find yeah absolutely siri all right have to have to explain it all right sure yeah you can proceed all right so basically these are the charts so this just shows you the minute by minute movement of various things right these are the things to trade and if you just look at them all right right so these are currencies right uh these are precious metals these are shares down here this is a price cisco uh right all these are shares right all these are 4500 shares that you can trade for our platform okay all right there are so many then there are indices then there are commodities there are futures we have aggregated so many asset classes i'll not get into the complicated conversation of it that's why we have training but the point is all this information is then translated into a chart okay right and you can just decide whether to buy or to sell if you think the price is going to go up you click buy and the trade is out automatically executed right if you think the market is going to sell you just click sell and you automatically are in the market right it's extremely flexible extremely easy right and all you require is just guidance understanding right because you can do this on your platform on your phone on your laptop on a tablet 24 hours a day yeah the market is always available now for for the backend of this uh do you really like how money in the account like initially for you now what how much did you deposit for for this trade well uh so we have multiple accounts right so as head of research and training obviously i also have access to accounts definitely so while it's true that we as Windsor brokers are not allowed to trade we have oh you're not allowed to do that regulation in fact just like a broker is not allowed to trade for clients the staff are also very limited nonetheless we are able and willing to guide you through every aspect of trading right personally also i've been i'm a trader i continue to be a trader right but i'm able to illustrate every aspect of trading and help my traders become better remember when we are training and it's very important to understand part of training that Windsor does is a correction of his we're able to check your progress and we are able to tell you what we think you can do better point out the mistakes and help you become a better trader right right and so we it's a very integrated process uh and we we have seen the increase in number of participants like i said we have an event in mountain university right next week i suggest anybody around thinker next week next week monday to friday we'll monday to friday we'll be in mountain university uh fifth to ninth of june right uh assisting those students there's so much curiosity and excitement about markets uh from mountain university and so we decided to set up shop we're going to train them guide them open accounts assist them we're going to take them through the portal right how do you get daily recommendations because they're not just letting you okay this is the market now you go figure it out no no no if you go to our portal you're able to see what's happening regarding daily updates right real-time research this is what we think has happened with this thing if you decide to take the trade fine if you don't decide to take the trade fine right but we are very clear on supporting our traders regarding the decision making process because that is essentially the cornerstone of profitable trading right you need to know what you're doing you need to know what to trade and when to trade right so we train you but more importantly we guide you through the portal uh in real-time research and uh that's one of the most uh we've not upgraded our Windsor brokers by the way I think I've not talked enough about Windsor brokers we are 34 years old turning 35 years old we're one of the world's oldest brokers we upgraded our portal so that we're able to serve our clients better all right and we've seen an increase in participation because of that all right thank you I'm told we are out of time but now for any person who wants to reach out to you and maybe enroll and get to experience your workshop how can they go about it just you have like a number website this is your camera you can give them the details absolutely uh we have a number okay you can just call me directly uh my number is 0728731 861 Washira I will then lead you and link you to our our staff who will assist you uh regarding uh opening an account we're happy to assist you you can also come to our offices at Park Place Building Park Place Building is on Limuru Road uh and also we'll contact you through using our normal office line but I think for now the number I have off the top of my head is my number 0728731 861 Washira Windsor brokers come visitors call me and I'll guide you and assist you on how to open an account and hopefully I'll also add you to my training group and I can guide you and assist you on learning and hopefully it can be a worthwhile investment going forward for you absolutely fantastic thank you so much for your time we appreciate it yeah all right we have been speaking to our Washira Karyuki he's a Windsor brokers head of training and research talking to us about matters for X trading and if you're curious and didn't know how to go about it definitely you've learned something and like he said they have an event happening at Mount Kenya University he's given his number definitely reach out to him and get to plug in and do matters for X trading on this note we're going to take a very short break but you can continue to interact with us on that hashtag why in the morning at Y2 for 4 channel everyone all our social media at Brian Saquanoa and thus mines definitely we are coming back with much more stick around