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What do these people have in common?
Every transaction that moves in and out of South Africa is funnelled through the banks. There’s virtually no risk to the banks, which rake in https://www.liberty.co.za/ more than R15 billion a year collectively from forex. Well, you’ve probably already noticed some kind of similarities between these giants of Forex trading. Let’s try to bring it more into perspective and understand the way these people thought when they were making their money.
Who are the best South African Forex traders?
"If you can learn to create a state of mind that is not affected sasol firm by the market’s behaviour, the struggle will cease to exist." "Learn to take losses. The most important thing in making money is not letting your losses get out of hand." "In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten." Even before the book was released, there were already more than 2,000 pre-orders and copies sold online. It has sold well due to the massive loyal African followers that he has gathered over the past five years.
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- He gained experience in Forex trading, as well as in traditional banking.
- However, considering the lack of such opportunities around where he grew up, Wayne decided to invest his time and energy into learning more about Forex trading.
- Had one tiny detail gone wrong, he would most likely have to face poverty for the rest of his life.
- If you and I are living in the same age, we already know who this man is, even without a Google search.
His dream was to receive a quality education and have a decent job in one of the larger cities in South Africa. However, considering the lack of such opportunities around where he grew up, Wayne decided to invest his time and energy into learning more about Forex trading. Mr. Shezi later decided to diversify his https://satrix.co.za/ assets and invest in the future generation of South African Forex traders. It is safe to say that the continent has a huge potential in this regard. There are hundreds of talented minds waiting to be found by someone willing to take care of them. Fortunately, Mr. Shezi is one of the biggest philanthropists in the nation.
Best Trading Platforms in South Africa
He also wrote a biographical lesson in the field of financial education known as Cash flow Naked. Khethi Ngwenya is a successful forex trader and the founder of School Media, a company that focuses on youth development and education. Simz D’Mandla is a multi-millionaire and one of the most successful forex traders in Africa. He began trading on the JSE as a hobby during his high school years, which eventually grew into a full-time career.