With the world revolving around technological advances, there is an avalanche of opportunities.
It's for this reason that the Ministry of ICT launched Ajira Programme to furnish youths with impeccable skills to make a foray into this unharvested field.
Capital markets is among the most lucrative as it offers countless opportunities.
Young people have no choice but to clasp the reigns of ingenuity and carve a niche for themselves.
Becoming an introducing broker offers such a golden chance with a flair to favour youths.
With the Kenyan retail market moving past the 100,000 mark, it's a clear sign of a booming Retail Forex.
Perhaps the most unexplored sector of the economy currently.
Over the recent past, forex trading has become the dernier cri in town.
According to the Capital Markets Authority, there are currently four locally regulated online brokers, a statistic that accentuates this underlying rapidly growing new venture.
Unlike the thousands of retail traders who earn their profits through executing trades on trading platforms, introducing brokers make money from referring people to their affiliates and earning a commission on active client trades.
Online trading has blown ajar a world of opportunities to a section of the market that never existed before in Kenya.
Introducing Brokers can now profit from introducing people to trading and earning a commission on lots traded.
Unlike trading which requires one to learn, develop a strategy and manage the risk in the market, even those with little or no knowledge in the Capital Markets can succeed in the business.
Thi is if they have the right support, resources, tools and an extensive network of clients.
However, as lucrative and superficial as it may sound, becoming an introducing broker may not be a cakewalk for all.
By statistics, the most successful introducing brokers are active advanced traders.
They say knowledge is power, but far from it, this kind of knowledge will give you credibility to win your clients.
Lastly, this market niche does not require more for a start-up.
You can always start your network by referring people you know directly.
Social media is an invaluable tool for introducing brokers, through online channels, they can churn out analytical services and important content for their clients' wellbeing.
Some people want to learn and trade to make money, someone else may want to be an affiliate and earn a commission.
This is a huge market with boundless opportunities for those seeking to make ends meet.
Let the youths consider it, it may offer the elusive employment they are looking for.
The writer is an Economist, Capital Markets Expert
Edited by Kiilu Damaris
