he has made a name for himself in the industry and is considered by many as the best binary options trader in kenya. His company paris fx not only trains on how to trade binary options but also offers trade signals to interested parties at one-time fee of 350. Paul mugendas networth is undisclosed but is estimated to be around 100,000.
paul mugenda is the founder of paris fx kenya, which trains newcomers on how to trade binary options. He has been trading on the forex market since 2014 when he started by borrowing 300 to get started. He also provides mentorship seminars for young people and currently prefers to trade in binary options.
Mugendas story is one that clearly demonstrates how one goes from rags to riches through the use of the foreign exchange market. Before joining the ranks of forex traders in kenya, and founding paris fx kenya, mugenda was a relatively impoverished student enrolled in the technical university of kenya.
the paris club of creditors agreed to delay 300 million of debt-service payments by kenya, the east african nations treasury said.
in this post, we will take a look at the forex regulatory framework across africa. Foreign exchange (forex or fx) market is one of the most popular markets in the world today and it has been.
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Some ways are more costly, some faster, some a bit of a hassle. But the good news is that it is becoming more and more easier to do so. In fact something like buying food from your local store with bitcoin is a reality rather than what 10 or even 5 years ago seemed like a far off “some day” dream.It’s termed as an experimental and decentralized digital currency that allows prompt payments to anyone, anywhere in the world. You can mine Bitcoins or different other cryptocurrencies by generating and configuring automated methods and situations in the dedicated tool.This issue also relates to the decentralized status of digital currencies. When a cryptocurrency exchange is hacked and customers' holdings are stolen, for instance, there is frequently no standard practice for recovering the missing funds. Digital currency investors thus take on a certain amount of risk by purchasing and holding cryptocurrency assets. It is for this reason that developers and startups related to digital currency have focused such a great deal of attention on creating secure means of holding digital coins and tokens. Still, while new types of wallets are being released all the time, and while cryptocurrency exchanges are always improving their security measures, investors have so far not been able to fully eliminate the legal risks associated with owning cryptocurrencies, and it's likely that they never will.On derivatives venue BitMEX, over $44 million in sell liquidations, the crypto equivalent of a margin call, occurred, which put some pressure on the market for bitcoin to head lower. Sell liquidations are triggered when leveraged long positions start losing a significant portion of the money the buyer posted to place the trade.Two crypto credit cards are available through Monolith—GBP and EUR. 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Here is an in-depth look at the three of them:Dash (which stands for Digital Cash) is an independent Next big Altcoin platform which started in 2015. With a market capitalization of USD 4.8bn, Dash handles close to USD 100m worth of transactions per day thus making it one of the world’s top cryptocurrencies.Metallic Bitcoin symbol over financial chart. Horizontal composition with selective focus and copy . [+] space.“In Austria, on the other hand, the Financial Authority says that we can’t regulate Bitcoin because we don’t have that kind of laws. Bitcoin is not a national currency; we don’t have a right to regulate it. It’s kind of unregulated area. (…) But this might change in the next few months due to the new anti-money laundering regulations.“Looking at the basic concept of economics, Bitcoin’s inflation-resistant nature makes it a viable alternative for traditional currencies. 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