What is Forex?
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies.
This market determines foreign exchange rates for every currency.
What Is The Best Time To Trade Forex In Uganda
There are three preferable time slots for investors in Uganda to trade according to seasoned global traders,
falling between the hours of 5 am – 12 pm, 12 pm – 7 pm, and 7 pm – 5 am.
How many forex traders are in Uganda?
The volume of trading is not very high, but there are estimated to be over 1 million young retail traders in the region & whose trading volume is increasing daily.
Uganda is one of the countries where online forex trading by retail traders is growing.
How much does it cost to start a Forex trading in Uganda?
Minimum capital requirement: The Bank of Uganda requires forex bureaus to have a minimum capital of 50 million Ugandan shillings (about $14,000). This capital should be in the form of cash or bank guarantees.
Which forex trading is best in Uganda?
Fusion Markets.
IC Markets.
Global Prime.
Pepperstone.
Vantage.
Axi.
VT Markets.
MultiBank.
Who is the most successful forex trader in Uganda?
One of the most successful forex traders in Uganda is Patrick Mahinge. He is the founder of Forex Uganda, a leading forex trading company in the country.