Forex trading has been recognized as one of the fastest ways to accumulate financial wealth in a short time. The profit generation potential offered by the foreign exchange market is practically unlimited. Forex traders can earn thousands of dollars every day, whenever they can accurately predict the future course of the exchange rate, or simply by understanding the impact of a change in monetary policy and monetary valuation. The number of ordinary people and unskilled workers who have learned to trade safely and profitably from rags to riches is growing every year. Below you’ll find our list of 4 Forex young millionaires that you’ve probably never heard of.
1. Sandile Shezi
Sandile Shezi, AKA The self-taught South African Forex millionaire, was born in 1993, in the dusty streets of Umlazi, one of the poorest projects in South Africa. His precarious living conditions forced him to sell muffins and used clothing on the street at the age of 12.
Faced with severe economic hardship during his childhood and adolescence, he was goal-oriented and determined to overcome the extreme poverty surrounding him.
At 24, he has a net worth of more than 2.3 million USD. This young forex trader was able to get all of his money from Forex market investments without any formal financial or economic background. He learned the business by reading articles by Zandile Zugu, a prominent South African media and mining tycoon, and attending George Van der Riet seminars.
Sandile Shezi created the Global Forex Institute (GFI), a Forex Training institution, where he offers first-hand training programs to anyone interested in becoming a professional high-risk forex trader and a new millionaire.
2. Ref Wayne
While some people just dream of their plans, some strive to make them a reality, just like Ref Wayne, South African Forex trader. Ref was born in a mid-class family in Meadowlands. He was just an ordinary kid, good at school, and helping his family in his free time. In high school, he sold SIM cards to earn a living, but he soon realized it’s not a suitable job for him.
About that time, he encountered David Schwarz, who showed him nuts and bolts for Forex trading as well as for cryptocurrency trading. Raf was a quick learner, so he began very soon to work in the trading business. He followed the path of his mentor and started trading at the age of 16. That’s the age when most ados don’t have any idea about their future career.
He kept learning and trading and earned his first million at the age of just 19. When he was 22, he was already a billionaire.
3. Jabulani Ngcobo
Born in 1985 in Durban, Jabulani Ngcobo is considered one of the richest forex young millionaires in South Africa. He is a self-made man and therefore has a lot of respect. He has also written a book called Cashflow Naked. It is much more than a biography and also offers valuable financial education to people from disadvantaged communities. He comes from a disadvantaged background.
Ngcobo had to grow little by little, determined, and willing to do whatever it takes to succeed. Therefore, there is no doubt that it could be a role model for those who want to succeed in their lives.
Jabulani is a founder of a foreign trading business, Cashflow Properties. Jabulani Ngcobo’s estimated net worth in 2019 is around $ 2 million. There is a proverb that says, where there is a will, there’s a way, and perhaps Jabulani’s career could be a living testimony of this adage.
4. Louis Tshakoane
Louis Tshakoane is yet another 30 years old young businessman who made his way to success by trading on the Forex market and with cryptocurrencies. He was born in a rich family, but he continued to work hard to keep his lavish way of life.
Louis started making money as the owner of Botho Gym. He started the business with the help of Richard Branson, British investor and business magnate, and founder of Virgin Group. One Of the motivations for Botho Gym was to keep young people from street crimes and drug abuse, which was common in his locality.
Tshakoane is the author of the best seller book Forex Millionaire in 365 Days, and the book has already earned him some 2 million in sales. He has never disclosed to the public his net wealth worth.
Forex Young Millionaires’ Key to Success
All of these Forex young millionaires have their own strategy for success on Forex. It ranges from high-risk to safe trading approaches. But, in general, the most successful Forex traders have several habits in common. They are disciplined, ambitious, and hard workers who use all the free time to learn about the market. In order to learn how to recognize price patterns and hundreds of market signals, they have gone to great lengths. None of them believed that luck was part of their success but believed in their dreams and in what they were doing.