Forex trading stories south africa

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This was a very risky decision from his side, as putting money in Forex trading that you need for something else, such as education, is never a good idea. If you lose it all it will take a lot of time for you to recover from it and put yourself in a stable financial situation again. However, the risk Sandile made paid off for him in the best way possible.

This decision made Shezi rich and famous, now he is named as one of the most successful Forex traders in South Africa. Was it a calculated risk? Maybe, was it reckless? Yes, it was, but it paid off.

Most successful Forex traders in South Africa and their stories

It is important to mention that Sandile was mentored by one of the best South African Forex traders — George van der Riet. He was teaching FX trading to young Sandile for some time and as you can see, he was learning it religiously. After seeing great success in Forex trading Sandile Shezi is now leading the Global Forex Institue, which was founded by himself. He is teaching young people of South Africa how to become as successful as he was while trading. That is a great end of his story, is it not? Start Your Journey Today.

As I have mentioned George Van der Riet, let me tell his story as well. It is not as controversial as one Sandile had, as instead of making risky investments as a young man, George gave it a lot of time to study and master Forex trading, and in the end, became one of the best Forex traders in South Africa. George Van der Riet was born in Cape Town and grew up there. Soon after finishing his studies in South Africa, he moved to the United Kingdom to continues his studies in finance. Once he graduated from university in Manchester, he started working in banks and financial institutions.

He was working as a Forex trader that allowed him to master the skills for trading. But one day he thought it was time to go his own way. As a result of this decision, we can now refer to him as the most successful Forex trader in South Africa.


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George was already very well known before he came back to Cape Town. Therefore he received a lot of job offers from large companies. But luckily, George denied all of them as his mind was already made up. He started trading on his own, while also teaching the young Sandile Shezi. With his help, the young man became a millionaire, and now both of them are helping the South African society to be more informed about SA Forex trading and generally the financial sector.

If you thought that it could not get more intense than the story about Sandile Shezi, you are very wrong. Ref Wayne has a very similar story. He made extremely risky investments and pretty much all of them paid off very well for him. Ref Wayne is considered one of the smartest traders in South Africa. He started trading at a very early age and was already a multimillionaire when he turned 22, which truly makes him one of the best traders in Forex South Africa. Ref Wayne is known for the strategies he developed himself and used to make pretty much all of his trades profitable.

Just like the two traders I mentioned above, he is also concerned with the absence of financial education in his country. On one side, South African youngsters are struggling with the lack of decent career opportunities and try to find relief in Forex trading, and at the same time, they do not have enough financial knowledge to really make a profit from it. Wayne has also established the African Forex Institute and tries to help young entrepreneurs in Forex trading in South Africa and outside of the country on the African continent, as well.

It is worth mentioning that Ref Wayne is not only one of the most successful Forex traders in South Africa, but the creator of the first South African cryptocurrency — Pip Coin.

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To my fellow female readers, have you been told that Forex trading is for men, or have you thought of it by yourself? There is a big chance that you have. The Forex industry is truly male-dominated and unfortunately, we do not often hear success stories of female Forex traders.

But there are some truly exceptional female South African Forex traders that are changing the idea that Forex trading is for men only. The story of Nelisiwe Masango is indeed inspiring. While still at school, she was dreaming about becoming a neurosurgeon. But soon she understood that the thing that she was truly passionate about was finances and investments. Hence, when the time came to continue her studies she refused to study medicine and enrolled at the university to study entrepreneurial management.

However, it did not last long as well as soon enough she dropped out and started learning how to trade, It was a truly brave decision for her that turned out to be the best decision of her life. Masango started trading and saw great success, so much so that she became one of the best female South African Forex traders. Just like Nelisiwe Masango, they both are in their twenties and have already tasted the success of Forex trading. Today their main aim is to provide young people in South Africa, startups, and companies with proper education about Forex trading and powerful platforms to trade profitably.


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  4. In order to fulfill this purpose, they have established iSelect Wealth together. They are creating platforms and models by using the newest technologies and financial intelligence. All of which are available worldwide for any person intending to use them. The main goal of Danielle Lest and Paballo Nkwe is to encourage newbies to become the authors of their own Forex success stories. At the same time, they have the incubation program, Danielle Lester and Paballo Nkwe are visiting different universities to help women develop financial intelligence, study Forex trading, and make profitable investments.

    As you could see from these stories, Forex Traders lifestyle in South Africa is very humble and determined to create a better financial environment for other South Africans that are struggling due to poverty, lack of the proper financial education, and decent job opportunities.

    10 Best Successful Forex Traders in South Africa

    Danielle Lest and Paballo Nkwe might as well stay in the Forex trading history of South Africa as one of the most influential traders ever. You could probably notice how diverse and instructive the history behind the Best traders in South Africa was. Some of them decided to gamble with their luck, some went the extra mile to closely inspect the depths of the Forex market before rushing to invest and some got to the heights with the help of professional traders.

    What this means is that there is no single universal formula of success in Forex trading and one has to find his own best approach. Traders from South Africa have proved so many points and most importantly the one that claims that no matter your gender, age, or financial background, you have equal chances of climbing the ladder of success up to the very top of it. Learning from the Forex trading stories of the top South African traders now you know that you can come up with your self-designed strategy of infiltrating the Forex industry.

    But before that, you would need an introduction to the best brokerage services offered worldwide for international clients. Though plenty of them are widely available both for newbies and experienced traders, for South African traders we would recommend XM Forex broker.

    How I Started TRADING FOREX - MATLHODI BANDA - SOUTH AFRICAN

    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.


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    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!