Looking at the lackluster NSE and wondering how low.
On Friday, the NSE20 closed at 1680, which is the same level it was in March 2003, 20 years ago. And more haircuts on the way as we approach election day.
Was doing some talk to some college students 3 years ago and they would have none of the NSE, T+4 analogue stuff. All they wanted to hear were brands like Tesla, Netflix, Google, Apple, Microsoft. They seemed unaware/disinterested in brands like Equity Bank, Safcom and EABL.
and i realised that our young folks moved on long time ago. They are trading indices like US30, stocks like Teslas,Apple and other international stocks on local Forex brokers like EGM Securities popularly known as FXPesa and Hisa App. and they are making some USDs while at it.
What's more, onboarding is soo fast and everything is soft. no paper work, No T+4 nonsense,no waiting for 1 week to get our funds back after selling,instant payment on Mpesa upon closing a trade, your funds reflect instantly upon funding by Mpesa, very low commissions compared to the NSE where stocks have to go up by 4.3% above your purchase price for you to break even....day trading, short selling, variety of asset classes eg currencies, stocks, commodities and lastly indices.
Should you feel bored with our local, slow, sometimes clueless NSE, please take time and go through the FXPesa website below:
https://www.fxpesa.com/h...=3828&affid=0014187
I conclude by saying that the final goal of every trader is freedom!
@SufficientlyP