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Alpha forex bureau ltd. 6 ALPHA CAPITAL PARTNERS. P.O. Box , Kampala, Plot . info@qwinsla.com 39 BLUE PRINT. P.O. Box , Kampala., Plot No. 35 Luwum Street. blueprintfxb@qwinsla.com 40 BONY. P.O. Box , Kampala, Plot . 90 FOREX BUREAU LTD. qwinsla.com , Kampala, Plot.

Alpha forex bureau ltd


He had an ideal well-paying managerial job at Bank of Uganda and did not need to give it up for what is generally seen as a high-risk business. Yet, Stephen Kaboyo thought time was ripe to try his hands at a business of his own, thus the establishment of the financial services firm —Alpha Capital Partners ACP , dealing in foreign exchange trading, among others.

Not even the high-risk nature of business could stop him from venturing into a territory he perceived to have huge potential. Knowing the nature of business he was venturing into, his transition from public to the private sector was well-calculated so as to minimise the rate of exposure and generate reasonable profits.

Thus, he diversified his business strategy to include sovereign asset management, forex trading, micro credit, markets advisory in financial markets, pensions and consulting and mobile money.

He adds that in forex trading, one needs to consider their investment objectives, level of experience and risk appetite. When Kaboyo makes money While the currency markets are generally volatile in nature, it is during this volatility that traders make money. Upon that background, he says players through the Forex Bureau Association have appealed to BoU to allow provide other services using the same license such as mobile money and introducing a commission on every forex trading to supplement forex trading incomes.

Consultancy services Alpha Capital Partners also does consulting on capital markets and pensions which are also lucrative business areas.

According to Kaboyo, the firm was established to provide high quality financial services to the Ugandan market by promoting local content especially in the sovereign asset management space.

Who is Steven Kaboyo Stephen Kaboyo spent a great deal of his work life in the public sector where he rose up the ranks to a senior executive position at Bank of Uganda responsible for financial markets, and reserves management. At the International level, he was exposed to the workings of many developing countries through numerous assignments he undertook with the International Monetary Fund to provide technical assistance in developing their financial systems. He was recently named chairman, Uganda Telecom Limited.

He is also a frequent speaker on business and financial matters at the international and local fora. Among his major achievements is steering the business to greater heights and building a strong brand, which he says has opened up opportunities for the business. He adds that he has also been able to establish business links with international financial institutions in the early years of the business, which he says has been a major breakthrough. As business grows, Kaboyo intends to expand the operations of Alpha Capital Partners into East Africa and get involved in the oil and gas industry through training and skills enhancement.

He also plans to become a strong advocate for capital markets development in Uganda in the area of markets advisory. His transition to the private sector was seamless as he had made a proper plan. However, he adds that transition requires a lot of conviction and resilience. So I listened to my intuition telling me to move on and I had to.

He says there is need to break the mentality of being employed, which most people have. Instead, he urges them to think self-employment to reduce on the high unemployment levels in the country. In forex trading, the interest rate and currency markets intertwine and influence each other. Higher interest rates can make a currency more attractive. The other challenge is that of trading profitably.

It is said that about 95 per cent of people who try their hand in forex trading fail as many turn out not to be profitable in the long run. Ensuring Alpha Capital sustainability To ensure business continuity even in his absence, Mr Kaboyo teaches his children the operations and dynamics of the business whenever they are on holiday. When he gets assignments such as research projects, Kaboyo usually hires temporary workers whom he works with for the duration of the assignment.

Forex trading simply means exchanging one currency for another. The first currency quoted in a currency pair on forex is called base currency, which is generally the domestic currency.

The second currency is called the quote currency and is usually the foreign currency but the volume of trade is expressed in the base currency. Forex is highly volatile and most liquid and so one should follow certain ground rules here in order to manage risk. Kaboyo's advice Start with what is available. Kaboyo urges the would-be entrepreneurs not to be discouraged from pursuing their goals. He also adds that potential entrepreneurs should have clear investment objectives, a clear plan of action and should understand the sort of business they want to venture into.

He adds that would-be entrepreneurs should create strong networks and surround themselves with positive people because they are key in creating successful businesses.

Surrounding himself with positive people who he admires and trusts, in addition to building professional networks are key in the survival of an enterprise. He also says that to have a seamless transition, one needs to prepare and plan for exit on the very first day they are hired on job. Determination, drive and high energy are also key for a business to succeed.


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