By Editor
Industry leaders are calling for stronger financial literacy initiatives to help Kenyans differentiate legitimate forex trading from gambling as the country’s retail trading market continues to grow, with more than 100,000 active participants.
Speaking during a press briefing in Nairobi, forex executives and financial educators outlined both the opportunities and risks facing young traders in a global market that records about USD 9.6 trillion in daily trading volume, reflecting a 28 percent rise since 2022.
The meeting, held at Empress Office Suite in Westlands, brought together key players in Kenya’s forex ecosystem to announce the Africa Forex Trading Expo 2026 scheduled for March 10 and 11 at the Sarit Expo Centre. Stakeholders said persistent misconceptions about forex trading continue to block young people from accessing legitimate income opportunities.
Zack Kiratu, Director of Azelia Expo Ltd, stressed that forex trading should not be equated to gambling. He said successful trading relies on economic data analysis, technical charting and disciplined risk management rather than chance. He added that traders must develop skills in market analysis, position sizing and emotional control to succeed in volatile environments.
Participants also highlighted Kenya’s progress in regulating online forex trading through the Capital Markets Authority, noting that the framework introduced in 2017 has helped promote transparency and protect investors. Dr Peter Onyango, CEO of Empire FX, said regulation ensures traders work with licensed brokers who maintain segregated client accounts and provide clear risk disclosures.
Stakeholders linked the growing interest in forex trading to youth unemployment, noting that many young people are exploring alternative income streams. However, they cautioned that between 70 and 80 percent of retail traders experience losses due to limited training and weak risk management.
Organizers said the upcoming expo will focus on bridging knowledge gaps through expert panels, live trading sessions and educational workshops aimed at promoting responsible participation in digital financial markets.
