Top 5 Kenyan Forex Traders and their success stories for all to read

As he gradually went through the trading career Obegi developed an automated Forex trading which turned out to be very lucrative for him and he advises everyone to try this system. He notes that Forex trading is for some part the same as stock trading and vice versa. A person who is involved in of them can pursue another one as well. The success of Ken Githaiga was an example for Kenyan traders and he manages to be an impressive figure in the country.

With no experience and trading skills, Mugenda wasted all of the money in trading but he never gave up and tried again. Mentorship and teaching the basics of Forex trading, including risk management, eventually prevailed and after some time, Mugenda started earning good money. First, if you want to be successful, then you’ll need to be well-educated in your domain. Secondly, if you want to make a good trade, you need to be disciplined. And lastly, if you want to enjoy the benefits, you have to be patient. Also, keep an eye on the market and make the right decision accordingly.

The next success story comes from a single mother of two daughters, Tasneem Mithaiwala. For someone who graduated from an art school and was uncomfortable with anything to do with numbers, Tasneem did a great job of becoming a trader for a living. Initially, she entered the market because her cousin, who used to trade in the equity market, recommended it to her.

• That is why professional traders have developed courage in themselves and their trading plan.
• Alone, she proves that every person, regardless of age, sex and professional background has the opportunity to earn money through trading.
• One reason the failure rate is so high in the Forex market is that traders haven’t learned to lose.
• I have been trading in my spare time for almost 4 years and every single success story turned out to be fake.

It facilitates its users with crypto recovery services to help get stolen funds back. The company has recently expanded their services to include recovery for those affected by romance criminal activity, where money has been lost to a deceptive partner or cybercriminal. Downward trendlines connect a series of higher highs and are https://bunny.financial/top-success-forex-traders-stories-of-all-time/ drawn by connecting the peaks of the price action. A downward trendline signifies that the underlying currency pair is in a downtrend. Upward trendlines connect a series of lower lows and are drawn by connecting the troughs of the price action. An upward trendline signifies that the underlying currency pair is in an uptrend.

Questions with a Funded Trader: Risk and Reward

These individuals offer guidance toforex traders at the start of their career and journeymen looking to improve their bottom-line results. These traders have led by example, by taking meticulously calculated risks. Below we have profiled five that are among the best, some of whom are surprisingly humble while others flaunt their success. What they all have in common is that they share an unshakable sense of confidence, which guides their financial performance. He is a man from Nigeria and became a successful trader in South Africa.

In the year 1986, he joined the Bankers Trust where he quickly became a famous trader due to his aggressive tactics. During his prime, he was the biggest currency trader in German marks as he owned around USD 300 million in German marks alone. Ensuring that you have a decent amount of capital in your hands to further your trading endeavors is a sound strategy so be sure to keep that in mind. On top of that, George was able to do all this before the famous Black Wednesday of September 1992 when the pound sterling currency fell to a dangerously low value. During his remarkable career, he was always listening to an innate sense of out-of-the-box investing.

Forex Trader Success Stories

But later he lost everything by bad personal investment decisions. By this loss, he realized the importance to work having a proper risk management. Stanley Druckenmiller learned a lot working with George Soros. His story deserves to stay in the list of the Forex Trading Success Stories. I am not talking about YouTuber traders who tell you to set your stop loss and buy their services.

He rose to international fame in 1992 as the trader who broke the Bank of England, netting a profit of $1 billion after short-selling a reported $10 billion in British pound sterling . You have to consider the $100K is just starting out for the lad, https://bunny.financial/ so to have a 10K acct and start managing 100K within 8 mos of starting out is impressive. As he continues with his great trading, he’ll continue to get more capital in the 7-8 figure range in no time as there is a good group of investors behind him.