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Top 5 Richest South African Forex traders[How They Make Millions]
Youngest South African Forex Millionaires of 2019
The research study clearly points out that about 5 % of Forex traders have made a profit while trading. The other 90% have lost all their accounts funding and the remaining 5% are still trading even today.
In the past years, Forex trading has become a very profitable business, and it is likely to keep developing in the future. For example, more and more young people in South Africa managed to maximize their earnings in this way, even if they didn’t come from wealthy families.
How can a beginner then succeed in this case? We have closely followed the successful Forex trading strategies of some of the best Forex Gurus to share it with you. Having said that, beginners in Forex trading must consider the facts that marketing of Forex trading as a get rich quick systems by different Forex brokers are misleading stories and bias. It has cost others to lose a lot of sometimes even loss of lives since others won’t accept defeat.
If you are new to Forex, then you may be interested in the list of successful Forex traders in South Africa. This might be all the motivation you need to successfully make it out there in a competitive and highly unstable endeavour. Forex trading is not easy; however, it is also not impossible. With the right support and direction, you can leave off the transact comfortably.
So, have you been questioning how to trade Forex in South Africa? The interest in this subject has been on the high with many people looking for more money. What they do not clearly know is that it takes time and commitment to achieve any considerable results with this venture.
The good news is that there have been successful traders which is a big motivation for those looking for possibilities. With the right motivation for trading online for beginners, anyone can begin on the right note. Successful Forex traders to check out Forex trade is not a new aspect. It is just that it is recently one of those things that a lot of people have decided to get into because of the benefits it promises. Sadly, a lot of people lose money because of the wrong foundations and lack of proper support and guidance.
Apart from researching and having the basics, this is one of those business ventures that having someone to look up to is important to success. Sometimes you need to start by imitating what other successful traders are doing before finding your own way around it. Below are some of the South African Forex Traders you should consider for motivation:
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Sandile Shezi
It is not always easy trading Forex for beginners, but the challenges you face should not demoralize you. A good example of success is Sandile who like the other Forex traders in Mzanzi, is not afraid to show off his wealth n social media.
Sandile Shezi is another renowned Forex trader and is also one of the youngest millionaires in South Africa. He has established the Global Forex Institute, a successful company that accommodates for the lower-income bracket.
A word of caution: It is good to mention here that GFI Global Forex Institute has been under scrutiny during 2015 according to News24.com.
Surprisingly enough, he began Forex trading when he was only 12 years old. He used the money he made in order to trade Forex when he was still in school. That’s why Global Forex Institute offers free training to young people. This is his way of giving back to the community, aiming at helping others achieve financial freedom.
Having Said That, Sandile Shezi didn’t take any Forex training courses, so it’s possible to become a millionaire even if you don’t have any financial education.
Sandile Shezi net worth is $2.4 billion (estimated).
Although he may not be making as much money as the world’s best traders, he is still living an awesome life from his investments. His expensive cars and lifestyle are proof of this. If done well, Forex is a venture that pays greatly.
Sandile Shezi Instagram
Below is Sandile Shezi’s Instagram, you can follow him and know what he is up to.
Sandile Shezi’s Wife
I’m sure you’re one of the people who have been asking who Sandile Shezi’s Wife is. Guess what! It looks like Sandile Shezi is taken! .We all know that behind every successful man there is a strong wise and hardworking woman. Sandile Shezi is very successful but that’s not all, there’s a special woman in his life.
Shezi once shared a cosy picture of himself posing with a lady who appeared more like his girlfriend. He captioned the image with sweet words and also dubbed her as his #WCE. I mean, there’s no doubt that she is the one.
Meet Sandile Shezi’s girlfriend below
Sandile Shezi Cars
See the video below for expensive cars that are owned by Sandile.
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Jabulani ‘Cashflow’ Ngcobo
He probably acquired the alias Cashflow for a reason. This young man leads a fancy lifestyle with modern cars being some of the things he is identified with. If you are struggling with the basics of how to trade Forex and are just about to give up, check out Ngcobo’s lifestyle on social media and reconsider your plan.
Jabulani Ngcobo born in 1985 is one of the richest Forex traders in South Africa.
He is a self-made millionaire and also the author of Cashflow Naked. His book is not only a biography but also a lesson of financial education. At the same time, it’s worth taking note that Ngcobo comes from a disadvantaged background, which is a testimony that anyone can succeed as long as he/she is determined and ambitious.
Jabulani Ngcobo net worth is $2.4 billion (estimated).
Jabulani Ngcobo Instagram
Below’s Jabulani Cashflow’ Instagram, you can follow him to find out what he is up to.
Jabulani Ngcobo Cars
Below is a video showing Jabulani Ngcobo Cashflow’s cars and lifestyle. Enjoy.
cashflow Ngcobo wife/Girlfriend
Jabulani Ngcobo Cashflow Wife-Image from Instagram
With a little bit of patience and strategy, you can trade Forex and change your life for good. One thing that is for sure is that this business venture provides a quick return on investment.
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Ref Wayne
It is almost hardly possible to miss him when counting successful Forex Trades traders in South Africa. Ref Wayne is known for his great lifestyle with expensive cars and jets. If you are wondering if your struggles on learning how to Forex trade is worth it, then Ref’s lifestyle should be a pointer of what your success could be like.
Another name worth mentioning is Ref Wayne, whose interest in trading goes back to high school. In fact, he dropped out of high school in 2011. After a couple of weeks, he started trading, and by the age of 19, he successfully made his first million.
Since he had a rough childhood, he established the Ref Wayne Foundation in order to help other unprivileged children. He is also the author of a book entitled The Art of Trading, which includes both theoretic and actionable steps regarding technical Forex trading strategies.
Ref Wayne net worth is around $500 million (estimated).
Forex is the world’s largest financial trading platform with a capital volume of 5 trillion daily. Although there is no promise of making it big fast, there is always the surety that persistence and constant learning could yield results.
Ref Wayne Instagram
Ref Wayne cars
See some of Refwane’s cars below.
Below is a video where Refwayne shows off his lifestyle, cars etc.
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Simz D’ Mandla
Even as you learn to trade, South Africa’s Simz will keep you encouraged. You do not have to know him personally to learn from a lot him. Looking at how he lives his life, is just more than enough to push you beyond certain limits.
He may look simple, but the money he makes would certainly leave you surprised. His choice of cars is a hint of what amounts he makes since certain cars can only be afforded by the rich.
Mandla is from a small town called Tembisa in South Africa. Simz D’ Mandla is really a living testimony that poverty does not define your future.
As young, as he is from a very humble beginning, is now the founder of Trade4Africa.org and The African Millionaires Den. Wearing a lot of hats, he not only a multi-millionaire but also a forex analyst, a wealth coach and a business strategist.
Simz D’ Mandla Instagram
Here’s Simz D’ Mandla Instagram, you can also follow him to see what he is up to.
See Sims D’ Mandla’s interview on #DJSbuBreakfast below
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Louis Tshakoane Junior
If the other 4 have not convinced you already then Louis should. This young man will make you respect online trading South Africa platforms as you seek to learn from the best. Just by the look of it, he appears to have made it.
Louis Tshakoane is another young millionaire based in South Africa, being the founder and president of Undercover Millionaire’s Currency. His goal was to create a network for business people so that they could communicate ideas and strategies. A key principle lying at the foundation of the company was giving something back to the community.
Louis Tshakoane net worth is unknown!
It is not surprising that the popularity of Forex in South Africa and the continent at large has pushed universities to introduce sort courses on it. One of such institutions is the University of South Africa (UNISA).
Young people are no longer waiting for business opportunities to find them but are focused on creating them for their own success. The list of successful and Rich Forex traders in South Africa, especially the young, is evidence of this.
Louis Tshakoane Intagram
Louis Tshakoane Cars
Below are some of Louis Tshakoane Cars and lifestyle.
So there you have it friends, the top 5 most successful south African forex traders. Therefore, if you’re wondering whether making money from Forex trading is possible, this post should have answered your question.
However, this doesn’t mean that everyone can become the next South African forex millionaire like Sandile Shezi, as this depends on a wide range of factors and conditions.
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