Unbelievable Forex Trading in South Africa Success stories
Posted on 28th Feb 2017
All mistaken notions aside, trading happens to be one of the unbiased and most rewarding careers. Here are the success stories of few average Joes from South Africa who have all made a mark as remarkable traders.
A trading wizard from South Africa
In the book titled Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game, we come across the rags-to-riches success story of Hoosain Harnekar, a South African entrepreneur who resorted to trading after he squandered his entire capital in a failed partnership and had no choice but to start afresh.When he started out, Harnekar was so broke that he could even ill-afford the nominal $1000 amount that he required to start a live trading account. He paper traded for six months and continued to garner more funds. He even went to the extent of promising his wife that if he didn't fare well he would discontinue and never resume trading again.But as it is said 'fortune favours the brave'. Harnekar became hugely successful and never looked back. His success was a result of ingenious trading manoeuvres comprising of scalp trades and sound risk management. Today his piece of advice to aspiring investors is to demo trade until their virtual capital amount is tripled and after that think of venturing out into the actual forex market.While scarce capital or lack of experience and training do not typically result in success in forex trading, we can surely take a leaf out of the book 'Millionaire Traders' on how discipline and a good risk management strategy can make you trade like a pro.
Sandile Shezi who became a millionaire at just 23
One does not need to be an Ivy League pass out in order to be successful. Nothing demonstrates this better than Sandile Shezi's shining example. Like numerous other famous people who became trailblazers despite being school or college dropouts Shezi too thought trading was more important than formal education. Thus he went on to invest his entire tuition fees meant for his University education in the forex market. It was a decision he's never regretted as he became successful following his gut instinct. Shezi attained money and fame by becoming South Africa's youngest millionaire at merely 23 years of age. He went on to establish the Global Forex Institute – a prominent Forex training company in South Africa that equips youngsters with Forex training and education in order to help them to get ahead in life. According to Shezi, he hails from a background where a lot of black people lead less-privileged lives devoid of opportunities. This is the reason why Sandile Shezi has been a role model to the jobless people who are struggling to eke out a living.
Mike Ndlovu
Mike Ndlovu is a recognized forex trader, writer and trainer based in Cape Town, South Africa. He has several years of experience in currency trading and is considered to be an expert on price action forex trading tactics. Mike founded the IFBS Forex Trading Academy & WellMadeIt-SA The Academy of Financial Trading situated in South Africa in 2007.Today he is one of the most popular and sought-after coaches across South Africa. His trading philosophy is to keep it simple.
