Many novice traders tend to look at successful forex traders for motivation. As explained before, Forex is not a “get rich quick” scheme, and it takes a lot of experience, skills and technical know-how. That being said, here are some of the biggest, most successful forex traders in South Africa, as of 2020.
Jabulani “Cashflow” Ngcobo
Jabulani Ngcobo is nicknamed “Cashflow” for a reason – his success in the Forex market. Ngcobo’s Instagram profile is proof of his flashy lifestyle and sleek cars which are almost an extension of his “high lifestyle” persona. Ngcobo’s exhibition of his lifestyle on social media has forced many traders to reconsider their stances after they are set on exiting the forex market and quitting.
Various sources have put 34-year old Jabulani’s personal net worth to be somewhere around the US $35 Million, a lot of which has been amassed through Forex trading. He has since involved himself in a number of different activities such as offering lectures on the stock exchange and other motivational speaking sessions in different towns in South Africa as well as in Botswana.
Ref Wayne is a well-known face who is almost unavoidable in South African Forex trading circles. Hailing from Mazanzi, South Africa, Ref Wayne is known for his “over the top” lifestyle with expensive cars and jets to match. Ref‘s lifestyle is testament to the fact that one can amass a fortune if they play their cards well in the Forex market. He thus serves as an inspiration for many novice traders who are not sure of the value of investing in Forex trading.
Ref Wayne has expertise in other fields such as business, philosophy and Psychology, authoring books such as “The Art of Trading and Armageddon”. He has always been interested to offer a helping hand to many novice traders, offering educational classes and introductory workshops for forex and cryptocurrency trading.
Sandile Shezi is another famous trader in the South African Forex market. Known for his great breaks, in the Forex market, he is known for his calculative yet risk-taking nature. He is widely considered as one the youngest South African millionaires at the moment. Sandile’s road to the top serves as an inspiration to many South African forex traders who are just starting up. Sandile Shezi has founded a Forex trading institution called the Global Forex Institute, which provides trading on forex trading to many individuals.
Simz D’mandla is another well-known South African Forex trader, widely regarded as one of the most successful ones. He is the CEO and Founder for Trade4Africa as well as The African Millionaires Program. Apart from being a forex trader, he is also a serial entrepreneur, Angel investor, Business Strategist and Philanthropist. One of the things that make Simz D’mandla standout from the crowd is his vision for Trade4Africa, which focuses on uplifting African economies by bridging the gap between different social classes.