The 10 Youngest Forex Millionaires
Forex or foreign exchange is one of the most exciting and dynamic markets for trading. The foreign exchange market involves buyers and sellers from across the world dealing in currency exchange. As the rates of exchange change rapidly, forex traders try to build profit by investing in different currencies and taking advantage of profitable exchange rates.
Forex trading is perhaps one of the most volatile and rapid markets where people can make profits in comparatively shorter periods of time. Making profits in forex is a matter of research and understanding of foreign policies as well as consistency.
There are a number of forex traders with inspiring stories who started out at a young age and became millionaires surprisingly early on in their lives. Here are the stories of the ten youngest forex millionaires.
Refiloe Nkele, who goes by the name of Ref Wayne now, was born to an ordinary family in Soweto, South Africa. Like any other kid, his life consisted of going to school, doing his homework and helping his family until he found out about forex trading when he was in the ninth grade.
Wayne started forex trading when he was just 16 years old, while he was selling SIM cards to make a living. Wayne made his first million at the age of 19 and became a billionaire in another three years. He is now a prominent figure in the field of forex trading in South Africa and around the world.
Sandle Shezi is one of the most prominent names in forex trading in South Africa and his entrepreneurial spirit can be seen from his early days. As a teenager in school, Shezi began to sell muffins to make money while studying. Later, he moved to a clothing business and kept using his profits to trade in the foreign exchange market.
Shezi took the immense risk of investing his tuition money in the foreign exchange market and deferring his final year of studies. He does not recommend taking this kind of risk to others but Shezi did get lucky. He became a millionaire at the young age of 23!
After this, Shezi completed his education and co-founded the Global Forex Institute, which has become a training ground for thousands of budding forex traders in South Africa.
Shezi is passionate about giving back to society and aims to enhance education, health and wealth in Africa by providing financial support to youth through the Sandile Shezi foundation.
Simz D’Mandla comes from a humble family from a small town called Tembisa in South Africa. At the tender age of seven, D’Mandla started selling knick-knacks like jeans and shoes and then started working at a local barbershop in order to fend for his family. However, D’Mandla did not keep himself from dreaming big.
He became interested in forex trading while in high school after he found a mentor who taught him about the potential of this market. D’Mandla became a millionaire at the impressive age of 20.
As someone who was able to escape poverty by learning how to do forex trading, D’Mandla is passionate about educating the youth of South Africa about the potential of forex trading through his organization Trade4Africa.
Shaun Benjamin was born to a middle-class family in Swaziland and grew up in Newcastle, South Africa. Benjamin was raised by a single mother and his success did not come easy to him. After finishing his schooling, he was about to start his university studies in engineering.
However, he was not able to pursue the field due to a lack of finances. He managed to secure a learnership and obtained a certificate in underground coal blasting operations. However, he had bigger dreams for himself than working for someone and soon got into forex trading, which he pursued earnestly.
Benjamin made his first million from forex trading at the age of 21. He then went on to found the Benjamin Forex Academy to provide affordable education about forex trading.
Dan Legg, a 21-year-old millionaire from Somerset, UK, became interested in forex trading after he faced a major setback in his life at the age of 17. Legg failed his A-level exams and began to watch Youtube videos on forex trading soon after.
Dan came from an ordinary family and his parents ran an ice-cream parlor in a rural area. He made his first investment from the money he had saved by working at a restaurant. Despite initial setbacks, he soon started to make very successful trades and eventually became a millionaire.
He now teaches courses in forex trading, owns multiple houses and pays his parents a salary so that they don’t have to work anymore.
Luke Blackburn was an ordinary young man from an ordinary family in Yorkshire, UK. Blackburn struggled academically and was told by his professors at college that he would not be successful in life. He dropped out of college and began an IT company as an apprentice.
It was during his apprenticeship that Blackburn began forex trading after seeing that a lot of his friends were doing it too. His goal was simply to make enough money to sustain himself without having to worry about work but Blackburn ended up becoming a millionaire at the age of 23.
Percy Smith holds the title of the youngest self-made millionaire in the world. Smith is a very private person and not much is known about his personal life. Hailing from Guyana, a small country in South America, Smith moved to the United States at the age of 12.
At the incredibly young age of 13, Smith made thousands of dollars from trading in bitcoin. Soon, he became interested in forex trading at the age of 15. Going by the name of “the dude”, he caught a lot of people’s attention when he started making huge forex trades in Turkish markets.
At the age of 18, he invested in the film The Man from U.N.C.L.E and went on to invest in other films, including The Accountant and Deadpool. Smith is known to be residing in Seattle currently.
Nelisiwe Masango came from a small town near Johannesburg, South Africa and had a dream of becoming a neurosurgeon ever since her childhood. She was an exceptional student but was not able to pursue her dream education due to a lack of finances.
She began a degree in entrepreneurial management but dropped out after her first year. It was then that she became interested in forex trading and began to research and invest in the market. In two years, she founded her business Bear Run Investments.
Since then, she has started two other operational businesses and is a celebrity millionaire in her 20s. Masango went back to complete her education despite her success in forex trading.
Joshua Stewart was a student of engineering at Morehouse College in Georgia, Atlanta. He was in his junior year when he was introduced to the concept of forex trading.
Stewart and his friends were excited by the prospect of making money online but the process was complicated and risky. They spent time researching and learning about forex trading in order to take calculated risks. Stewart eventually quit college and became a millionaire at the age of 23.
Stewart finds it essential to help other people like him understand what forex trading is and he is a mentor to several young students.
Samuel Leach is a prominent name in the field of forex trading who had his beginning as a young and ambitious working-class youth. He landed his first job at a private bank by writing 50 pages on why the bank should hire. He accomplished this after applying to the highest-paying jobs he could find on Google, irrespective of the level of experience they required.
He learned about the world of trading through his job and applied to university while working. He made his first investment in forex trading using his university bursary. In 2012 he launched his own company, Samuel & Co. Trading and became one of the youngest millionaires in the United Kingdom.
Forex trading is as exciting a space as it is risky. Profits and losses can be made in a matter of days in this kind of market. However, these success stories show that anyone can make it big in forex trading by making the right decisions.
The youngest forex millionaires have taken risks but have also constantly pushed themselves and built an entrepreneurial spirit. The key with such kind of trading is to be open minded and accept your losses as you would accept your wins.
Becoming a millionaire is not something that can happen overnight but one needs to have the drive and the patience to take chances, calculate risks and be smart with investing one’s money.
When you invest your money in forex trading with the intention of letting it grow, you will see improvement and success eventually, whether or not you become a millionaire immediately. What are you waiting for? Go ahead and start your own forex trading journey today with EasyTrade here.
Can Forex Trading Make You a Millionaire
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