Top 10 richest forex traders in Africa

Most successful forex traders in Africa

It is undeniably true that forex currency trading has proven to be a gold mine in terms of generating enormous wealth for those who are able to manoeuvre around the integrity of the marketplace.

Lagos, Nigeria, has a vibrant forex trading sector, and foreign exchange trading is completely legal in the country. However, if you’re new to forex trading, you may find the process to be confusing. For this reason meeting some of the most successful currency traders in Nigeria and learning from their mistakes, will enable you to get more familiar with forex trading in a shorter amount of time.

The following is a list of the most successful Nigerian traders:

1.    Uche Paragon
UcheParagon is a name well-known among forex traders across the continent of Africa and in Nigeria. Paragon is probably the richest forex trader in Nigeria with an estimated net worth of about $16 million.

Paragon is such a well-known name in the Nigerian online forex industry that he needs no introduction to people who frequent forex trading forums and seminars across the country.

He started trading in 2007 and took a highly technical approach to forex trading, supported by some solid trading skills.

The story of Paragon is something that everyone can relate to simply because he went through the same learning cycle about Forex trading as you might be going through just now. Paragon began his career in forex trading when he decided to investigate the diverse ways through which money can be made online. A description related to how a percentage-based profit could be made off forex trading caught his attention.

Paragon was intrigued by this unusual description and decided to follow it up and conduct research of his own. He started in binary forex trading and it was his first step into the world associated with finance and successful trading.

The young entrepreneur started his trading career with trading currency pairs and continued with commodities that were a game-changer for his career and life. But before that, he was simply a person interested in Forex trading.

Paragon stumbled into the lucrative world of forex trading almost by accident while he was looking for the best ways to make money online. He came across an advert by a Forex broker offering $30 No Deposit Bonus for new traders in Nigeria and his interest was piqued. But it wouldn’t be easy for the young man to make money in this industry.

Paragon soon realized that without proper skills, he’d only continue to lose his money. He dedicated time and effort to learning how to properly trade forex, and his persistence finally paid off.

Paragon spent months learning about Forex trading online on different websites until finally, he felt that he was ready to dive into the world of currency trading.

To become the best forex trader in Nigeria, Paragon started trading with the major currency pairs. Soon enough he saw the opportunity in commodities, especially in crude oil, and started trading it. He prefers to trade oil since it is one of the most volatile commodities in the market, and there is never shortage of news to cause the price of oil to change every other day.

Trading crude oil was definitely the decision of a lifetime for the young trader. At that time he was already successful in Forex trading, but he saw real success in commodities.

Now one of the richest Nigerian Forex traders, Paragon is still trading currency pairs and crude oil today. However, he is making sure that other Nigerians, interested in trading can learn and hopefully, can share in his success. The young entrepreneur owns a Forex trading school in Lagos and Port Harcourt. As Paragon states, at his school, they teach young traders how to trade online and manage their risks to maximize profits. He also owns CCI traders – a trading firm and is a director of InstaForexNaira.

Apart from Forex trading Paragon keeps himself busy with hobbies such as singing and song writing and he even owns his own record label, Sky beat. He is also known for his love of expensive cars.

 2.    Blessing Ezeako
Blessing Ezeako is Nigeria’s most well-known female FX broker. Ezeako’s net worth is believed to be $200,000. She made the majority of her money in the forex sector and considers appropriate risk management and goal setting to be two of the most important character attributes for people who want to be great forex traders.

Anyone that has been following the Forex market for even a short time, would probably have noticed that it’s a man’s world. However, just because the Forex sector is dominated by men does not mean that women do not have equal possibilities to succeed.

As a result, Ezeako’s success as a trader in Nigeria is even more amazing.

Ezeako began her forex trading adventure by researching various trends and trading tactics related to forex trading. She approached the procedure as though it were a learning experience, despite the fact that she was working a full-time job.

She feels that a good forex trader possesses flexibility, dedication, desire, and the ability to acquire knowledge. The tale of Ezeako is not your ordinary success storey. When you look at her journey, you will see failures, frustrations, reflections, and the ability to rise above adversity – all of which every forex trader goes through.

Ezeako is a trader who believes that education and hard effort are the keys to success in Forex trading. She was working full-time when she began to learn about forex trading. As a result, it took her some time to grasp the concept of trading and graduate to the advanced level. She, on the other hand, did not want to wait to study everything before beginning trading, so she began trading with the major currency pairings as soon as she acquired the requisite knowledge.

Throughout her Forex trading career, she both won and lost money. But, once she realised the importance of FX information, she never stopped learning about it. Ezeako has attended numerous Forex trading seminars, conferences, and events to better understand the Forex market’s behaviour, and she has been consistently profitable with her trades throughout time.

Ezeako is unquestionably a role model for women in Nigeria, and not just in her country, but around the world, to take risks and pursue a career in trade. Ezeako’s storey demonstrates that hard effort and hours spent learning pay off, and that anyone may achieve success in the FX sector.

She began trading as a side business, but as time passed, she was able to make online forex trading her full-time profession. She prefers to trade with HotForex, one of the few forex brokers in Nigeria that provides an ECN account.

Ezeako deserves to be honoured as one of Nigeria’s few female forex millionaires.
 

3.    Bade Ajidahun Afioluwa
Bade Afioluwa is one of Nigeria’s wealthiest forex brokers. He began trading forex at a young age and spent a significant amount of time studying and learning from others before making a profit for himself.

Instead of using a stop-loss order to avoid losses, Afioluwa took an unconventional strategy early on, allowing himself to make mistakes and learn from them. By doing so, he created a one-of-a-kind approach that allowed him to earn from his trades.

Many people who aspire to be the next richest forex trader in Nigeria believe that forex trading is a get-rich-quick scheme that can make you wealthy practically instantly. Readers will have realised by this point that this is not the case, and that becoming lucrative in FX trading involves some time to learn to trade and comprehend the market.

However, Afioluwa believed that the currency market was the ideal place for him to make money. He eventually achieved his aim, but it did not happen in a single day.

Afioluwa has an estimated net worth of $220,000, making him one of Nigeria’s wealthiest forex traders. But he’s not only wealthy. Afioluwa, who is only 29 years old, is also one of Nigeria’s youngest forex millionaires.

However, Ajidahun, like every other trader on the list of profitable forex traders in Nigeria, did not achieve success quickly or easily. He had to deal with loss after loss. Only his tenacity and faith in his eventual accomplishment kept him going.

The young Nigerian trader put a lot of money into Forex trading and saw how others were making a lot of money while he was continually losing money. Afioluwa lost a lot of money over time with no return.

While for many new traders, this would be a hint to give up and look for another source of income, he chose to take his time in order to identify the mistakes he was making. Exactly because he is a challenger, he has become the richest Nigerian Forex trader.

Afioluwa developed the process that enabled him to turn his trades lucrative after spending hours and hours researching the best strategy for his transactions. Soon, members of his family and friends began entrusting him with their money in order for him to trade on their behalf.

Since then, the young Nigerian Forex trader has profited in the six figures for himself and his clients. His winning method is simple, yet it always works. He only trades when the chances are in his favour and focuses on the dangers in order to lose as little money as possible. This enabled him to remain lucrative and retire at the age of 28.

Aside from that, he continued to advise traders and create seminars and training programmes regarding trading psychology in the investing business. As you can see, the majority of the top Forex traders in Nigeria are attempting to assist the Nigerian community in understanding and succeeding in Forex trading.

Ajidahun researched and tested numerous forex trading strategies before settling on one that worked for him. His advice to new forex traders is to never give up and to continue learning.

 4.    Benjamin Ilesanmi Ajimoko
Benjamin Ajimoko is a successful FX trader who used the appropriate mindset and trading psychology to achieve success. Instead of trading the markets full-time, he became a forex trading instructor.

His key to success is found in the huge realm of trading knowledge that exists alongside developing experience in FX trading.

Ajimoko’s success was undoubtedly aided by his sales background. He now trains new traders and shares critical insights with his peers. The key secret to becoming a successful forex trader, according to Benjamin, is beating your own emotions. You must learn with a clear mind, not allowing greed or defeat to influence your work.
 

5.    Chinedu Onuoha
Chinedu Onuoha is a seasoned forex trader with over 12 years of expertise. Unlike many other traders, Onuoha invests for the long run and believes in long-term strategy. Currently, he devotes himself entirely to forex teaching, and he is best recognised for his tutorials and strategies designed specifically for beginning traders. The most important thing for a trader, according to Onuoha, is to reduce losses.

This Nigerian forex dealer began dealing in forex before branching out into commodities, futures, and equities. For the past 12 years, he has actively traded in forex, and he has begun to offer training and tactics to other newbie traders in Nigeria.

His success in forex trading stems from his exploration of long-term forex methods and ensuring that risk management procedures are implemented and followed to avoid losses.

6.    Sandile Shezi
Sandile Shezi is a South African businessman of Nigerian heritage who grew up in abject poverty. Shezi rose to become one of Nigeria’s most successful traders at a young age, borrowing university tuition fees to enter the currency market.

He bought and sold equities alongside FX and earned excellent gains despite having no prior trading or economic expertise. Shezi spent a substantial amount of time learning about forex terminologies, different trading tactics, and risk management systems, and now he devotes his time to helping others who want to start trading in forex.

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