Online forex: The hidden dangers if you have no training

Mzito Forex Schools founder and CEO Collins Kiplimo at his institution in Nairobi. [Elvis Ogina, Standard]

You must have heard of forex trading. Trading national currencies in foreign exchange (also known as FX or forex) market. Forex markets tend to be the largest and most liquid asset markets in the world. They have a daily turnover of $6.3 trillion (Sh686 trillion). Those who have ventured into these markets professionally have made millions. Yet a larger population, common people like you and I with little information about how the markets work, are locked out. When Collins Kiplimo, 26, started an online forex trading training school, he sought to demystify forex markets and show ordinary folk that they can venture into these markets and earn a profit while keeping scammers at bay.