During those years that he spent in the United Kingdom, he was working in financial institutes such as banks and the Forex industry. This experience helped George Riet a lot to become professional in the forex industry. Once https://www.sanlam.co.za/ he decided that he knew enough and was ready to start investments by himself, he started his own journey to become one of the most successful forex traders in South Africa. While these traders have gained significant wealth, they are not a representation of the whole industry. Traders should approach the market with realistic expectations and great caution. With that said, let’s now look at the 10 richest and most successful forex traders in South Africa.
Ref Wayne
It’s about developing a strong trading psychology, cultivating discipline, and adapting to the changing market. Majola’s strategy involves a blend of price action trading and the use of technical tools like Fibonacci retracements and moving averages. He mainly trades HK50 and EURUSD but also trades other assets spending on the market. Additionally, he emphasises strict risk management techniques to https://fnb.co.za/ protect capital. It is known for providing a wide range of account types, an impressive educational program, and a comprehensive customer service system.
Lessons from the Journeys of the Top 10 Successful Forex Traders
They have also created models and platforms by using advanced technologies and financial intelligence accessible to anyone. Other than that, they have also created an incubation program, where they visit women in South African Universities to teach them about forex trading and help them develop financial intelligence. Ref Wayne was initially faced with very limited career opportunities growing up. He decided to start trading at the age of 16 and built his career from there. By the age of 19, he impressively made his first million – a sasol core values rather rare accomplishment for beginner traders.
- Therefore, beyond the status of one of the most significant traders in Africa, Wayne also is a prominent philanthropist, benefiting his community.
- As the Forex market continues to grow, these traders will likely remain at the forefront, inspiring the next generation of Forex enthusiasts.
- Besides, a growing number of educational institutions focusing on finance and particularly Forex, often provide affordable or free online courses led by some of the most prominent names in the industry.
- If you mention the possibility of starting Forex trading with those around you, they will most likely raise concerns about how it is just like gambling.
- He founded a Global Forex Institute where young entrepreneurs are taught about trading and all the advanced methodologies utilized by Shezi and others in the industry.
- Louis Tshakoane is a South African forex millionaire who is just in his early twenties (20).
Louis Tshakoane Junior Net Worth
He focuses on identifying market trends and capitalising on momentum shifts. Interestingly, Zwane mainly trades in indices with a special focus on DE30, US30, and sasol fuel US100. Aside from trading, Majola has gained recognition through his educational endeavours.
Most successful forex traders in South Africa
He joined the rich list when he was only 22 years old and has continued to prove himself as worthy of that listing. Naidoo’s approach is centred on understanding price movements and using advanced charting techniques. His ability to predict market trends has earned him substantial recognition and financial success.