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Successful forex traders in chennai

Опубликовано в All about the forex group | Октябрь 2nd, 2012

successful forex traders in chennai

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Every trader develops at their own pace and requires support and development of their skill set. Our structured course crafts the abilities in an individual to navigate the fast paced world of fx. We believe live trading sessions are a key component to a trader's development. We include mentor assisted live trading days as part of the course. You will experience the full process and methodology of taking real positions in the market. This will give you invaluable insights into the way professional traders approach the market and is a great opportunity to ask more detailed questions in a live environment.

Trading involves with risks, FXC and partners hold no responsibility for any losses. We are Trainers. We offer trading classes and advice. Past results can't guarantee future results. Privacy Policy Terms of service. Toggle navigation. What is Forex? Forex goes by a number of names including foreign exchange, currency trading and FX.

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These traders have had to overcome many obstacles to achieve their current level of success. But they have persevered, and continue to do so day in and day out. One thing that all these traders have in common is that they started off small and gradually built up their accounts. They also use stop losses to protect their profits. Read our comprehensive guide on how to start forex trading and also consider joining our forex newsletter for tips and tutorials on trading.

Patrick Mahinge is one of the most well-known Forex traders in Kenya. He started trading in and has since become one of the most successful traders in Kenya. He achieved this by developing a unique trading strategy that combines technical analysis with fundamental analysis.

The school provides training and education on how to trade forex and other financial instruments. As a self-taught forex trader, Patrick has proved that it is indeed possible to learn how to trade forex and become a millionaire.

Patrick hails risk management and sticking to a trading strategy as the most important keys to becoming a successful forex trader. As a matter of fact, he never enters into a trade without a stop loss in place. Patience, trading only when there is a high probability that the trade will go his way is also a characteristic that Patrick Mahinge describes as contributing to his success in the industry.

Patrick Mahinge is currently one of the most sought-after forex traders in Kenya and is often invited to speak at various conferences and events. He founded a forex trade training school to help fellow Kenyans looking for a secure and lucrative investment opportunities. Preferred Forex Broker : HotForex. This is a story that every aspiring forex trader can relate to.

After many weeks of searching and consulting, Ken Githaiga heard of online forex trading and the opportunities it offered to make money online in Kenya. From the moment he heard about online forex trading, Ken was determined to become one of the most successful forex traders in Kenya. What followed was a journey of learning, consulting, and trading on demo accounts. Most of his knowledge was acquired from reading web articles on websites such as ForexFactory.

Ken has recently started the Jay Forex Trading School where he trains aspiring forex traders how to become better forex traders. Ken Githaiga net worth has not been made public. He founded the Jay Forex Trading School which has been doing quite well since its launch in Preferred Broker: Deriv Formerly Binary. In his mids, Paul Mugenda is already a very successful forex trader in Kenya and a mentor for so many aspiring beginners in Kenya.

But like every other trader on this list, Mugenda was not always like this. It took many years of toiling and learning to turn him into one of the top forex traders in Kenya. In fact, before Paul Mugenda ever became a profitable forex trader, he had started as a tea leaves hawker in the busy Githurai 45 bus terminus and later worked as an insurance sales person to several insurance companies in Kenya. In , a friend showed Paul how to make money through forex trading in Kenya.

It would take him many months to finally perfect his trading strategies and become profitable. Currently, Paul prefers to trade binary options. He has made a name for himself in the industry and is considered by many as the best binary options trader in Kenya. Sometimes days passed before he was able to make a sale. In all, the time invested was not worth the commission gained.

This was when a friend of his introduced Mugenda to the world of forex. His friend was even kind enough to lend Mugenda the money he needed to get started and trade a bit. Unfortunately, when this happened, Mugenda had yet to become acquainted with the world of FX. Subsequently, he lacked the knowledge necessary to make smart investments. Subsequently, he lost all of the money his friend had loaned him. Going back, disheartened by the entire ordeal, Mugenda probably thought that he would not get into the field of forex any time soon.

But in fact, is friend was generous enough to provide him another loan, this time taking the time to sit down and explain all of the nuances of forex trade. When Mugenda went again to invest in FX, he was much more prepared and equip. Within a few months, Mugenda was making a reasonable income from his Forex escapades.

From then on, his wealth continued to accumulate. This past year Mugenda made headlines for his rapid acquisition of wealth as a Forex trader. As a young man of only 23 years of age, he is incredibly successful in this field. Mugenda was even able to go beyond Kenya and create Paris FX — a Forex company that has gained significant profits in the past few years. He no longer worries about money — as he is able to not only support himself, but also his family.

He is able to provide an education for his younger siblings as well. He has been absolved of his financial strife through the world of foreign exchange. Furthermore, Mugenda has gone and reached beyond his family. He has also gone out of his way to give back to the youth of his country.

Mugenda is currently providing various mentorship seminars for the Kenyan youth. Despite all of this glory and financial stability that he has gained, Mugenda does not dismiss the significant concerns associated with Forex. He explains that there are indeed significant losses that can be had.

Moreover, Forex is a form of betting, so where there are gains, there will also be losses. After Githaiga graduated from college, he was unsure of what direction he wanted his life to go in. He thought about his prospects and decided that the traditional office job setting was not ideal for him. As a result, he decided to open Google and search up how to make money online.

This one Google search may well have changed his life. Through this simple Google search, Ken Githaiga came across the concept of Forex trading. Once he first heard of it, he chose to investigate further. As he dove deeper into the subject, he determined that it seemed like a perfect job for him. Not only did it require less time sitting in front of a computer screen, but it incorporated numerical and statistical data that he found incredibly interesting. As a result, he decided to dive right in.

That being said, Githaiga has emphasized that Forex is by no means his full-time job. In fact, it takes up a very small portion of his day-to-day life since he is able to check and modify his trades so quickly. Githaiga gained most of the knowledge he has through the internet. He felt as though the local Kenyan traders were not as direct when providing advice on the realities and strategies behind Forex trading. As a result of his experiences, he tries to be the person he needed when he was starting, sharing the knowledge that he has gained through his journey of becoming one of the richest Forex traders in Kenya.

Besides strategy, one of the biggest pieces of advice that Githaiga provides is about how to minimize losses. Githaiga believes that many people try Forex a few times, expecting to make it big and get rich quick. With these expectations in mind, they tend to use high leverage and lose big, giving up quite quickly after they begin. Githaiga believes that in order to be successful in this field, individuals have to be able to accept losses and approach trading as a long term goal.

Inherently, they need to use the slow and steady method. Githaiga believes that the best way to consistently gain from trading and minimize losses is to use only low leverage. Silah Obegi is yet another top Forex traders in Kenya who has encountered great success. His success was found in a more traditional sense. Then following his university career, he worked his way up in the field of finances.

He is currently the C. Throughout his experience relating to the financial fields has been able to develop an automated Forex trading system that is incredibly lucrative.

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After the investment, he was able to make a good profit that eventually put him in the list of the best forex traders in South Africa. Currently, years-old Sandile owns Global Forex Institute where he teaches young entrepreneurs about Forex trading, how to understand the tools and markets, how to create powerful trading strategies and how to become successful traders. While the story has ended well for the young trader, risking the money that is supposed to cover your living costs or other important things, such as education, is never a good idea.

The best is to invest the money that you can afford to lose. Also, you should keep in mind that Sandile Shez did not do it alone, as he was mentored by one of the best South African Forex trader George Van Der Riet who is the next trader we are going to talk about. The success story of George Van Der Riet is an absolute opposite of the one we talked about above.

He did not just get adventurous and put all he had into the Forex exchange market, but instead steadily learned about it before making his first investments. George was born and raised in Cape Town, later when it was time to further his studies he moved to Manchester where he was studying Finances. During those years that he spent in the United Kingdom, he was working in financial institutes such as banks and the Forex industry.

This experience helped George Riet a lot to become professional in the forex industry. Once he decided that he knew enough and was ready to start investments by himself, he started his own journey to become one of the most successful forex traders in South Africa. Since at that time George had already created a good reputation for himself, he was offered various job positions by the different companies, once he went back to South Africa.

However, his mind was made up and he was only thinking about his personal venture. It was at that time when George met with Sandile Shezi in , the event was a great help for both of them. George Riet saw the potential in him and was mentoring him for several years. As a result, both traders are in the list of top 10 richest forex traders in South Africa. As they both are aiming to help young people in South Africa to get more knowledge about the financial markets.

Ref Wayne is someone South Africa should be excited about. It is not very common that someone as young as Ref Wayne masters Forex trading as well as he did. Ref Wayne has developed the trading skills that he could transfer into the business. He turned to the trading since, as a young person living in the countryside, he was suffering from a lack of career development opportunities.

This became the main driving force for him to put a lot of effort into trading and eventually, he became a multimillionaire, joining the ranks of top 10 forex traders in South Africa, when he was only 22 years old and over his successful career he attained the status as the richest South African Forex trader. Like the other traders in our list, Ref is also an entrepreneur that puts a lot of time and effort into providing proper financial education to the South African people.

He has created the African Forex Institute and even has released some free Forex lessons for the mzansi community. Let us face the truth, Forex trading remains a male-dominated industry, and perhaps it will be hard for it to change anytime soon. However, it does not mean that there are no successful females among SA forex traders. In fact, there are a lot of women that trade and are very successful at it.

South Africa perhaps has one of the most daring female traders, many of whom managed to make it among the best traders in South Africa and their stories are worth reading. Nelisiwe Masango, who is barely in her early 20s, is the director of the Forex trading company Bear Run Investments and has spearheaded three successful businesses already. When she was a schoolgirl Nelisiwe wanted to become a neurosurgeon, but soon she understood that her love for the finances and investments was the true calling.

Instead of becoming a doctor she started learning entrepreneurial management, but soon dropped out and started learning how to trade. Masango started trading and became very successful at it, soon becoming one of the top forex traders in South Africa , and after tasting the success she established two business enterprises. One of the best female traders in South Africa admits that besides her love for the finances and investments, one of the biggest factors for her to start trading at an early age was a movie.

Paballo Nkwe and Danielle Lester represent a very powerful female duo in the male-dominated Forex industry. These female forex traders in South Africa are game-changers for the Forex industry in the country. Both women are in their 20s, owning a company together — iSelect Wealth. They mentor individuals, start-ups, S outh Africa forex traders and companies on how to trade profitably in the investment markets.

They have created models and platforms by using technologies and financial intelligence, and these platforms and models can be used by anyone. In addition to that, the duo has an incubation program, where they visit women in South African Universities to teach them about the finances and help them develop financial intelligence.

They also teach Forex trading and ways to make future investments. Try out XM broker! Trade with exceptional trading conditions on every type of live account! As you can see, there is a possibility to become rich by the Forex trading for everyone. It does not matter from which country you are, what is your background, education of the financial situation.

You do need to have a passion for trading and the will to study a lot. Many people will now think that they can enter the Forex Exchange market and magically get rich overnight, but as soon as they start trading they see — this is no the case. Although there are some instances when a person put all their money in investments and became one of the millionaires that made a fortune with Forex trading, as was the case with one of the richest Forex trader in South Africa — Sandile Shez.

But for most people, such risk never ends in a good way. Those are these kinds of people who are easily disappointed with Forex trading and preach to others about how bad of a decision it is, or they think that successful traders have some sort of a secret that is shared only between them. The truth is, it is possible for any person to become a successful trader and get rich. If you want to create your own success story in the industry of Forex trading, here are some pieces of advice that you can follow.

If you do not want to be a trader who just trades blindly and closes his eyes to pray every time they make a trade, you need to learn a lot more about trading. Everyone who desires to be a successful trader needs to have knowledge about finances, financial markets and of course about the Forex trading itself. If you are just entering the Forex industry, you should take time to search for educational guides and read a lot about Forex to gain decent knowledge of it.

Becoming one of the most successful traders in South Africa, or anywhere else in the world, does not require much money from the beginning. If you are starting your journey to a successful Forex trading career, it is advised not to put all the money that is required to cover your other needs in the investments.

When you are already a well-experienced trader and know how the market works and how our strategies work for you, you can allow yourself to put higher amounts of money and gain back even more. However, even in such cases, it is not advised to put the money that is needed for other necessary things in investments. Especially at the beginning, you need to start trading with the money you can afford yourself to lose.

Not all trades are successful, even for successful traders with many years of experience in trading, meaning that you will likely lose some money. Just imagine you have to pay off your bills but instead, you decide to put this money in trading. You are hoping to maybe double it, but then you see that the trade is not going in a way you would like it to go.

You get nervous and scared since if you lose this money you will get yourself in a bad financial situation. In this case, there is a big chance that you will get into a condition that we call emotional trading. Its very simple, once a person sees that he is losing money, he tries to do something to at least get at least some profit, and with all the nervous breakdowns, they end up putting in more money and losing it all. To avoid this situation, you should always trade with the money you can afford to lose.

Not only did it require less time sitting in front of a computer screen, but it incorporated numerical and statistical data that he found incredibly interesting. As a result, he decided to dive right in. That being said, Githaiga has emphasized that Forex is by no means his full-time job.

In fact, it takes up a very small portion of his day-to-day life since he is able to check and modify his trades so quickly. Githaiga gained most of the knowledge he has through the internet. He felt as though the local Kenyan traders were not as direct when providing advice on the realities and strategies behind Forex trading.

As a result of his experiences, he tries to be the person he needed when he was starting, sharing the knowledge that he has gained through his journey of becoming one of the richest Forex traders in Kenya. Besides strategy, one of the biggest pieces of advice that Githaiga provides is about how to minimize losses.

Githaiga believes that many people try Forex a few times, expecting to make it big and get rich quick. With these expectations in mind, they tend to use high leverage and lose big, giving up quite quickly after they begin. Githaiga believes that in order to be successful in this field, individuals have to be able to accept losses and approach trading as a long term goal.

Inherently, they need to use the slow and steady method. Githaiga believes that the best way to consistently gain from trading and minimize losses is to use only low leverage. Silah Obegi is yet another top Forex traders in Kenya who has encountered great success. His success was found in a more traditional sense. Then following his university career, he worked his way up in the field of finances.

He is currently the C. Throughout his experience relating to the financial fields has been able to develop an automated Forex trading system that is incredibly lucrative. Not only that, but his position as the Director at Nairobi School of Forex allows him to know only share his knowledge of the Forex trading system, but he is further able to share the automated tools he has developed, to facilitate the development of Forex trading in Kenya.

Beyond those in this list, there are many other Kenyan Forex traders who have yet to make a name for themselves but are still doing fairly well. Many of these people may not become particularly well known, but instead they are able to peacefully gather money from the comfort of their own home.

Most of them are not well known because of how underdeveloped and acknowledge the Kenyan FX Traders are. There are not as many well-known Kenyan Forex Traders because the sphere is not particularly developed in Kenya at the moment. But even though this has become particularly popular among the student populations, anyone has the ability to enter into the foreign exchange market, as long as they have enough money to invest. That being said, there is one huge hurdle that prevents Kenyans from entering the Forex trade.

This is an issue that presents itself to many smaller or less developed countries. This is the fact that there are few truly reliable and local brokers in. So rather than using local brokers, those are seeking to gain a profit are forced to look for brokers abroad. Nevertheless, with a little bit of critical thinking, quick decision making, and some luck, you could be the next successful forex trader. Giorgi has been a Trader for 5 years now.

He has experience in trading Forex, stocks, and cryptocurrencies. His insight on news and brokers has been refining for the past 3 years. His close connection to the markets enables him to write amazing copy for all of his readers. Stay up to date with the financial markets everywhere you go.

Start trading now. Emerging Markets. Who are these successful Kenyan FX traders? Others Beyond those in this list, there are many other Kenyan Forex traders who have yet to make a name for themselves but are still doing fairly well. Comments 0 comment s Click here to cancel reply.

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Successful forex traders in chennai Vignesh is very friendly and provide timely suggestions on stock investment. Get Best Price. Janagan - Kotak securities Ltd. For example, let's say you have U. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year. FX Trading Software. Forex Automatic Robot Trading Services.
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