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Anyone here a trader?
loob
#1 Posted : Wednesday, April 03, 2013 12:57:30 AM
Rank: Hello


Joined: 4/3/2013
Posts: 5
Didn't know where to put this topic but here seems most relevant.

Was just wondering if anyone here is a trader? It's lonely work...would be nice to have someone to chat to, exchange ideas.

I'm a relatively short term trader from Kenya, focus mainly on futures (commodities, bonds and equity) and a little bit of FX.

Would love to do the same in Kenya if this ever gets off the ground

http://www.capitalfm.co....set-up-futures-exchange/
symbols
#2 Posted : Wednesday, April 03, 2013 6:54:45 AM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Welcome to Wazua @loob.Waiting for the exchange too.
loob
#3 Posted : Wednesday, April 03, 2013 9:25:57 AM
Rank: Hello


Joined: 4/3/2013
Posts: 5
Hi symbols, thanks!

What methods are people using to trade? Technical or fundamental? Or a mix?

Would love to know!
symbols
#4 Posted : Wednesday, April 03, 2013 11:55:31 AM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Can't speak for everyone but I would say a mix.
fxtech
#5 Posted : Wednesday, April 03, 2013 12:03:17 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
[quote=loob]Didn't know where to put this topic but here seems most relevant.

Was just wondering if anyone here is a trader? It's lonely work...would be nice to have someone to chat to, exchange ideas.

I'm a relatively short term trader from Kenya, focus mainly on futures (commodities, bonds and equity) and a little bit of FX.

Would love to do the same in Kenya if this ever gets off the ground

http://www.capitalfm.co....et-up-futures-exchange/[/quote]

I bet it can, maybe you can add me on skype we can be exchanging ideas, been in derivatives market for 6 years now, better still you can follow
http://www.wazua.co.ke/f...aspx?g=posts&t=6460
Discipline & sticking to your strategy even when you loosing defines great traders.
loob
#6 Posted : Wednesday, April 03, 2013 3:36:55 PM
Rank: Hello


Joined: 4/3/2013
Posts: 5
Hey, I see you mention pin bars on your blog. You wouldn't be a student of a certain trader_dante would you ;)
kizee1
#7 Posted : Wednesday, April 03, 2013 9:56:20 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
interesting, some questions for the consultant

1. CMA act prohibits short selling how will you workaround this?
2. Re ccy futures how do you plan to circumvent CBK rules as regards tenor and participation of counter-parties(ie local vs offshore)?
sparkly
#8 Posted : Thursday, April 04, 2013 8:14:35 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sounds like loob=symbols

Talking to himself
Life is short. Live passionately.
loob
#9 Posted : Thursday, April 04, 2013 11:04:05 AM
Rank: Hello


Joined: 4/3/2013
Posts: 5
kizee1 wrote:
interesting, some questions for the consultant

1. CMA act prohibits short selling how will you workaround this?
2. Re ccy futures how do you plan to circumvent CBK rules as regards tenor and participation of counter-parties(ie local vs offshore)?


If they make it difficult to trade then I won't do it. I'm hoping the new market will have its own regulations.

Had no idea short selling was banned in Kenya, that's ridiculous. There will be absolutely no liquidity in the futures if they do the same.
maka
#10 Posted : Thursday, April 04, 2013 11:59:11 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
fxtech wrote:
[quote=loob]Didn't know where to put this topic but here seems most relevant.

Was just wondering if anyone here is a trader? It's lonely work...would be nice to have someone to chat to, exchange ideas.

I'm a relatively short term trader from Kenya, focus mainly on futures (commodities, bonds and equity) and a little bit of FX.

Would love to do the same in Kenya if this ever gets off the ground

http://www.capitalfm.co....et-up-futures-exchange/[/quote]

I bet it can, maybe you can add me on skype we can be exchanging ideas, been in derivatives market for 6 years now, better still you can follow
http://www.wazua.co.ke/f...aspx?g=posts&t=6460

in those 6years how have things been maybe you can shed some light to newbies of derivatives trading like us.
possunt quia posse videntur
symbols
#11 Posted : Friday, April 26, 2013 7:04:33 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
murchr
#12 Posted : Thursday, June 13, 2013 7:47:47 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
CMA gets Treasury nod for Reits and Futures trade

The regulations for Real Estate Investment Trusts (Reits) and the Futures Exchange market are expected to be in place by the end of next week.

The Capital Markets authority said yesterday that Treasury has approved the rules have been approved and they will be gazzeted soon.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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