However, some of the top FX traders come from other parts of Africa, including Nigeria, Zambia, Ghana, Uganda, and Kenya. Among those is Nigerian trader Uche Paragon, who https://www.forbes.com/investing/ has made a successful living from trading currencies and commodities. For aspiring investors, his advice is simple – focus on your losses, as they will determine overall success.
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- The trader credited with the world’s ‘richest forex trader’ title is George Soros.
- But what can the everyday trader learn from these top performers?
- South Africa has produced many of the richest currency millionaires.
- He’s since accumulated a net worth in the region of $6,7 billion, making him one of the richest forex traders of all time.
- A decision that proved fruitful when he shorted the 1987 market crash, making north of $100 million.
He believes his success comes in part, from his commitment to learning the markets and mastering strategies before applying them to real-money investing. For guidance on how to get the most out of a demo account, see here. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Stanley Druckenmiller is another name on our richest forex trader list linked to George Soros.
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South African FX trader Ref Wayne began investing as a teenager after dropping out of https://africa-gold-capital-investment.org/ school. By 19, he’d already become one of South Africa’s richest forex trading millionaires. Ref has proven he can navigate the online investing world and identify opportunities in the $5 trillion a day currency market. Top forex traders can make millions from the currency market with some even making billions.
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Another Nigerian currency trader that’s made it big, Bade spent years honing his strategy, minimising losses and reducing his risk exposure. By 28 he was bringing in consistent six-figure profits and chose to retire from active currency investing. Ref Wayne now sits comfortably on any list of the top 5 richest forex traders in South Africa, with an estimated net worth of around $500 million.
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The 10 richest forex traders in the world have amassed huge fortunes. But what can the everyday trader learn from these top performers? To answer that question, we’ll look at the richest forex traders in 2025 from across the world, including the USA, UK, and South Africa. Note, that while not quite making this list, individuals from Canada, Singapore, and Tanzania, among others, have also produced some of the world’s richest forex traders. South Africa has produced many of the richest currency millionaires.
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Moreover, Bill Lipschutz famously said that the top traders are those that work out how to make money when only being right 20 to 30 percent of the time. He is now worth upwards of $6 billion despite donating over $700 million to medical research and efforts to combat poverty. He’s also imparted useful advice for FX traders – keep an eye on central banks as it’s liquidity that moves markets. The trader credited with the world’s ‘richest forex trader’ title is George Soros. Famous for ‘breaking the Bank of England’ in 1992, his short position against the pound netted him over $1 billion and led to the Black Wednesday crisis. Today George Soros’ net worth is thought to be upwards of $8 billion.
Neliswe is now one of the coveted South African https://www.kaspersky.com/resource-center/definitions/what-is-cryptocurrency currency trading millionaires. Born in Hungary in 1952, George Soros began trading while at school. He developed a strategy of taking highly-leveraged positions based on movements in currency rates, and in 1992 that strategy paid off, becoming the ‘man who broke the Bank of England’.