How Did These South African Billionaires Make Their Money?

Paballo Nkwe and Danielle Lester are two capable women who combine their intelligence and skills into a profitable forex trading enterprise. Together they own iSelect Wealth, which is their trading and investments management company. When it comes to forex trading in South Africa, some of the most successful forex traders include Sandile Shezi, Ref Wayne and George van der Riet. These individuals have achieved remarkable success through their trading https://istorepreowned.co.za/ strategies and dedication to mastering the forex market.

• His book Cashflow Naked is both a biography and a financial education course in one volume.
• A key concept lying at the foundation of the company was giving something back to the community.
• Ref Wayne created the first South African cryptocurrency, Pip Coin, and is an entrepreneur who has put a lot into providing proper financial education to the South African population.
• But the amount of risk this young man took in order to get to where he is right now is astonishing.
• Consequently, South Africa has emerged as one of the leading hubs for forex trading in Africa, producing several wealthy and successful traders.

Key Strategies for Forex Trading Success

We are also a community of traders that support each other on our daily trading journey. To trade successfully one needs a good strategy, and the sasol firm patience to execute it. Even the best strategy will sometimes make losses, and how you handle those losses will determine your overall success in trading. Therefore, before investing your money into forex or any form of futures or derivatives trading, make sure you learn from an experienced master.

Devise a Trading Plan

Her goal is to empower females and young people to achieve financial freedom through entrepreneurship and forex. Reabetswe Shongwe is a very famous female currency trader from South Africa who is disrupting the forex industry. Louis Jr Tshakoane is the founder and president of Undercover Millionaire’s Currency.

Top Brokers

His success story has inspired countless aspiring traders in South Africa. Jacobus Majola is one of South Africa’s most prominent forex traders, known for his disciplined approach and sharp analytical skills. Starting with minimal capital, Majola built his fortune by mastering technical analysis and understanding market trends. Before we look at the individual traders who made this list, it’s important to first understand how this list was developed.

Most Successful Forex Traders in South Africa

He saw it fit to write his autobiography with Soweto Mandlanzi through the book CashFlow Naked, which is more than just his life’s story. He has been indicted for fraud on multiple occasions since 2014 and was even sentenced to four years in jail by a Durban court in 2019. He lived in a very unwelcoming and poor neighborhood, during a time when employment was not an easy thing for a South African. He was attending a local school, which required a tuition fee to be paid every once in a while and Sandile used to pay it himself. Well, by himself I mean he was given the money and then he made the payment. But one day, when https://www.capitecbank.co.za/ he was given the tuition money for a year, he took it and invested it all into the Forex market.