The monetary sector and mainly, forex trading, has emerged remarkably through the past decade. The growing volume of the economic sector and the penetration of online techniques and the internet around the world have boosted the demand for forex trading. Today, millions of forex traders generate profits out of financial trading across the globe.
Forex trading has many benefits which are responsible for its growing popularity. First, unlike various other segments of the financial sector, investing in the forex market does not require a massive amount of capital. There is moderate to almost no barrier to entry for novice forex traders because they have the chance to start with level zero and exponentially grow their revenues.
These advantages have been listed by investors across the world who have traded or are trading the forex market. They have achieved the level that many traders considered impossible. A famous trader George Soros started investing past few years, and soon he became the most successful forex trader on the earth.
Like many other counties, there is absolutely no shortage of successful forex traders in South Africa. This country has made itself one of the leading counties in the financial sector across the world. Being the wealthiest country on the continent Africa has almost everything which a successful forex business needs. In this article, we are bringing out the list of the top 10 successful forex traders in South Africa.
List of Successful Forex Traders in South Africa
The list pf successful forex traders in South Africa are:
Sandile Shezi stands on top of the list of successful forex traders in South Africa. He is the one having the controversial still mention-worthy story of success. He initially started investing in forex trading with the money provided to him for his tuition fee. Sandile was able to harvest massive from this investment, making him the young millionaire of the continent in his early 20s.
Born in the year 1985, Jabulani Ngcobo is one of the wealthiest and most successful forex traders from South Africa. He is a self-made person. The approximately estimated aggregate worth of his business is $2.4 billion. He also wrote a biographical lesson in the field of financial education known as Cash flow Naked.
One famous line from his sayings is: An entrepreneur knows very well how to construct an empire of success through the same stone thrown at him.
Louis Tshakoane Junior
Louis Tshakoane Junior attained the heights of success at the age of 30. He is a famous rich kid, who after starting his business in his early teenage, worked with many high-profile firms such as USB and Lamborghini. It leads to the expansion of his network even more than before. His newly started venture known as “Undercover Millionaires” gives a platform to youth for showcasing their ideas and supports them if they find strong potential.
Shaun Benjamin is a 23 years old well-known young successful forex trader in South Africa. The trader earned his first-ever million Rand at the age of 21 years. Some factors urged him to start trading in the largest volume market, the foreign exchange market. Though took this decision half-minded, the investment ended up making huge profits or funds. He left his job after this and opened the Benjamin Forex Academy.
Simz D’ Mandla
Simz is next on the list of successful forex traders in South Africa 2020. He is a famous forex trader born in the region of Tembisa and raised in Midrand Gauteng. When he was between 19 and 20 years, he made his first million. Currently, Simz D’ Mandla is a motivational speaker, wealth coach, strategist, serial entrepreneur, philanthropist, forex analyst, and active trader as well.
Ref Wayne has been in the forex trading business since the year 2011 and comes under one of the top ten significant crowd pullers in the South African continent. He is never scared of showing off and boosting his Wealth; it is evident from the various luxurious car he owns. Ref Wayne also wrote a book named “The art of trading and Armageddon”.
George Van Der Riet
George Van Der Riet is a South African forex trader. He was born and bought up in Cape Town. Before investing money in the forex market, he worked for many banks and monetary institutions. Riet, along with Sandile Shezi, laid the foundation of the Global Forex Institute, which focuses on helping the youth of South Africa to grab and develop more trading skills and knowledge about the financial market.
Nelisiwe Masango is one of the very few richest and most successful forex traders in South Africa. Masango changed her course in later life from a neurosurgeon to an entrepreneur in the financial market. She developed a firm bond with the monetary market, which motivated her to study entrepreneurial management instead of the neurosurgeon. However, after completing the course, she started to build a strong foundation through learning the techniques on how to trade in forex.
Paballo Nkwe is a famous female forex trader in the South African continent. She made the perfect power duo with the famous Danielle Lester. Together they are considered the market changer for the Forex industries in South Africa. Even though she is in her early 20s, she is the co-founder of the famous iSelect Wealth.
Danielle Lester is another female forex trader of South Africa. She is in her 20s, and along with the Paballo Nkwe, she laid the foundation of iSelect Wealth. They both have also started the incubation program for females across South African Universities where they visit and teach them about the concepts of the financial market, forex trading, financial intelligence, and various ways to make investments.
The Bottom Line
The forex market is a highly emerging market with vast potential. However, when things rise, they also bring some misconceptions among people. Similarly, many misconceptions have developed over the past few years about forex trading.
The common misconceptions are: First, forex trading is similar to gambling in which turnout largely depends on luck, and investing in it is equal to losing money. Second, a vast number of fraudulent activities are associated with forex trading. But, these misconceptions are far away from reality.
This sector is entirely different from gambling and with strong skills, knowledge, and choice of the right broker, one can not only protect his money from fraud but can also make a massive profit.
There are some trustworthy and famous South African brokers for forex trading are ABinvesting, InvestFW, InvestBy, PrimeFin, and Capitalix. It is a well-regulated broker, and many successful traders recommend it for safe and advanced trading.