Investments are important for each one of us from a security point of view for our future. Now what we choose to invest is completely from person to person as each individual has a different preference. Some invest in shares, some in commodities, mutual funds, and bank deposits, buy gold and much more. In the last few years Forex trading has evolved as a profitable business and more and more people are choosing forex trading as a form of investment. Rather forex trading is growing like anything and there is no looking back. With each passing day new brokers are entering the market and so are forex traders and what is surprising is that forex trading is attracting more young people who wish to maximise their earnings. Thus forex trading is a big hit in today’s time and with many successful and reliable brokers people are trading well and making a fortune.
In South Africa forex trading is pretty popular and in the last few years many young people have indulged in forex trading even if they didn’t come from well to do families. Though forex trading has its pros and cons and many have lost money while on the other side many have managed to become filthy rich through it and trading in a smart manner. So let us know some of the richest forex trading millionaires of South Africa.
A high school dropout in 2011 Ref Wayne is a big name when it comes to Forex Trading in South Africa. His interest in trading goes back to when he was in high school and he started trading and by the age of 10 he had already made his first million. Since Wayne has a rough childhood he has founded Ref Wayne Foundation which helps unprivileged children. He has also written a book named The Art of Trading which includes both theoretic and practical steps regarding Forex trading strategies. Ref Wayne’s net worth is estimated around $500 million.
A 1985 born Jabulani Ngcobo is one of the richest forex traders in South Africa with an estimated net worth of $2.4 billion. He is a self made millionaire and he has written a book Cash flow Naked which is not only a biography but also a lesson of financial education. Ngcobo comes from a disadvantaged background however his life is a perfect example that if someone is determined he/she can succeed no matter what comes in their way.
Sandile Shezi with an estimated net worth of $2.4 billion is one of the renowned forex trader and one of the youngest millionaires in South Africa. He has established the Global Forex Institute a company that caters to the lower income bracket and his company is under close scrutiny during 2015. He began forex trading at the age of 12 and he was trading when he was just in school and this is the reason his Global Forex Institute offers free training to young people. This is a way Shezi is giving back to the community helping people attain financial freedom. However Sandile Shezi never took any forex training and did all by himself thus he is a perfect example that one needs no training to do forex trading.
There are many more names in the list like Louis Tshakoane and more when it comes to people who have made a fortune our of forex trading. However as and when you think of forex trading always choose your broker wisely as a lot depends upon your broker. Never look for cheap forex brokers as they may look cheap but at the end of the trade they be of no use to you and you might have to pay a cost which you are never aware of. Always choose a right and reputed broker for your forex trading and get onto the path of becoming a millionaire to get your name added in the list.
This is a press release. Trustnodes has not undertaken any verification of any of the above statements and any statement or project contained therein is not necessarily endorsed by Trustnodes. Readers are strongly urged to do your own research.