Forex trading has seen a major surge in popularity across the African continent, spurred on by the increasing availability of a fast and affordable internet connection, and bolstered by a demographic of young entrepreneurs who are highly adept at trading.
As such, the stories of these successful young Forex traders have inspired a swathe of other young entrepreneurs hoping to carve out a similar route to success.
In this article, we explore some of the most successful traders in Africa and take a closer look at the skills and advice that made them the inspiring traders that they are today.
Bade Ajidahun Afioluwa
Bade Ajidahun Afioluwa is a young Nigerian Forex trader who proves that success often comes as a result of hard work, dedication, and practice.
Afioluwa committed a significant amount of time to study a variety of different trading strategies and techniques until he was able to develop one that best suited his own trading goals.
Part of this process involved investing money in his own Forex education, while also studying other successful traders in order to understand where he could improve his own techniques. The rest, as they say, is history.
Hailing from the popular Forex trading apex of Kenya, Patrick Mahinge entered the Forex market on the advice of a friend and was soon able to hone a natural adeptness at trading into a lucrative career.
Mahinge has since gone on to establish himself as a household name in the Kenyan trading arena and founded the Kenya Forex Firm, an organization dedicated to training and managing other young Kenyan traders.
Read more: Best Regulated Forex Brokers in South Africa
Azeako’s trading story is one of successfully breaking barriers in an often male-dominated industry. As one of the richest Forex traders in Nigeria, this inspiring young woman first entered the Forex market with a rudimentary knowledge of trading.
Giving herself time and space to learn, Azeako started by trading the major currency pairs, experiencing several significant losses in the beginning.
By learning from her own mistakes and continuing to improve her strategies, Azeako was able to proceed to an advanced trading level, cementing herself as one of the most successful Forex traders in Nigeria.
A former university student from Kenya, Githaiga first began forex trading after graduating in 2008. Githaiga is truly a self-taught success story, having used free tutorials and other educational resources from Google and YouTube to hone his craft.
After having experienced great success as a Forex trader, Githaiga has gone on to diversify his career path, adding accounting and professional Forex training to his professional offering.
Uche Paragon is something of a Forex star in Nigeria, whose tried and tested route to success has come to be emulated by swathes of other young traders.
Entering the Forex market in 2007, Paragon began to trade in the major currency pairs while simultaneously improving his understanding of investment as a whole.
After a while, he was able to add other instruments to his portfolio, such as commodities, and has attributed much of his success to maintaining adequate portfolio diversification.
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