In the 21st century, we have seen a lot of successful forex traders emerge from various parts of the African continent, including countries such as South Africa, Nigeria, Ghana, Uganda, Zambia, and Kenya.
The advent of online trading has created a world where the enormous international FX market is available to you at your fingertips, as long as you have a computer or smartphone connected to the internet. Aspiring traders can choose between a large number of online Forex brokers that welcome African traders.
Below, we will take a look at some of the most successful traders from South Africa and Nigeria, two African countries were the interest in currency trading and cryptocurrency trading is growing rapidly.
Refiloe Nkele, more commonly known as Ref Wayne, is a South African native who began his forex trading career while still in his teens. After dropping out of school, he became truly devoted to FX trading, and by the age of 19 he was already a millionaire. Today, his estimated net worth is around 500 million USD.
Ref Wayne was born in Meadowlands, Soweto. He dropped out of school in 9th grade and began selling SIM cards locally to get an income. Around this time, he met the trading expert David Schwartz who became his currency trading metor.
Today, Ref Wayne is also a best-selling author, having penned ”The Art of Trading: Refined” and ”Top down Analysis of the Financial Markets”. He devotes a lot of time to tutoring other traders through webinars and videos, and is popular inspirational speaker.
Wayne is one of the driving forces behind the African Forex Institute, an organisation founded back in 2014.
Neliswe Masango is not just a highly successful forex trader, as this South African entrepreneur is also the founder and director of Bear Run Investments and a sought-after wealth coach and inspirational speaker. Her resume also includes the establishing of ”Female and Finance” and ”Gentle Hands Agency”.
In college, Neliswe Masango dreamed of going to medical school and pursue a career at a neurosurgeon, but these plans were put aside when she discovered her fascination and aptitue for finance and investments. Instead of going on to medical school after college, she studied entrepreneural management before leaving the university world to devote herself to full-time trading.
Through her organisation Female and Finance, Masango promotes financial awerness and education among women in South Africa, while Gentle Hands Agency is a recruitment agency focused on aiding those who suffer from a scarcity of job opportunities.
By 2019, the Nigerian-born Uche Paragon had accumulated nearly $16 million by trading in currencies and commodities. He is known for his devotion to studying the markets well and fine-tuning various strategies before risking any real money. In a world of short attention spans and get-rich-quick schemes, Paragon´s choice of keeping his nose to the grindstone has proven successful, over and over again.
Bade Ajidahun Afioluwa
Bade Ajidahum Afiluwa retired confortably from active currency trading at the tender age of 28, after consistently bringing in six-figure profits from his elegant strategies. Throughout his trading career, Afioluwa developed fx trading strategies that focused on minimising losses and reducing risk exposure without cutting too much of the potential upsides.
Today, Afioluwa spends his time enjoying his wealth and coaching aspiring traders through his education and training programmes online.
The South African trader Sandile Shezi first dipped his toes into the world of retail forex trading at the age of 12. After getting off to such an early start, he soon became one of South Africa´s youngest forex millionaires. Today, his estimated net worth is around $2.4 million. He is the founder of the Global Forex Institute, an organisation that offers free financial training to youngsters from low-income families.