Richest Forex Traders Around The World And South Africa

Rich Forex Traders

Richest Forex Traders Around The World And South Africa

Among the 10 wealthiest people in the world, those who trade foreign currencies have amassed enormous fortunes. But what can the average trader take away from the strategies employed by these winners?

To find the answer to this question, we will analyze the wealthiest forex traders in the United States, the United Kingdom, and South Africa in the year 2022.

Which Forex Traders Have the Most Money?

Soros, George

Hungarian-born George Soros started trading while still in high school.
In 1992, he became known as the “man who broke the Bank of England” after his strategy of taking highly leveraged positions based on fluctuations in currency rates paid off.

  • Fund manager George Soros
  • Currency trader George Soros

During the Black Wednesday crisis, he took a massive short position against the British pound, correctly anticipating several factors that would leave the Bank of England vulnerable should it have to intervene if the pound weakened beyond a certain level against the German mark.

He made over a billion dollars from the trade.
He is now one of the wealthiest people in the history of the foreign exchange market, having amassed a fortune of around $8 billion.

Rep. Joe Lewis ( Forex Trader)

Joe Lewis, who was born in the United Kingdom, got his start in the workforce at the age of fifteen, when he joined his family in their catering business. He eventually sold the company and entered the foreign exchange market.

This was a prudent move on his part, considering that in 1992 he and George Soros made $1.8 billion betting against the British Pound. As of now, he’s worth close to $5 billion.

Jones, Paul Tudor ( FX Trader)

To pursue a career in commodities trading, Paul Jones declined an offer to attend Harvard Business School after earning his economics degree from the University of Virginia in 1976.

A choice that paid off handsomely when he made over $100 million shorting the stock market in 1987.

In the years since, he’s established the Tudor Investment Corporation, which makes its money off of interest rate and currency market swings. During the years 1992–1995, he also served as Chairman of the NYSE. A $4.5 billion net worth today makes him one of the wealthiest forex traders in the world.

Mr. Stanley Druckenmiller ( Currency Trader )

Our list of the wealthiest forex traders also includes Stanley Druckenmiller, who has ties to George Soros.
As the head portfolio manager of Soros’s Quantum Fund, he oversaw the investment portfolio for well over a decade.

Stanley was born in Pennsylvania, went to college for a bachelor’s degree in both English and Economics, and is now an oil analyst for Pittsburg National Bank. He worked there for a year before striking out on his own to found Duquesne Capital Management.

He has donated over $700 million to medical research and anti-poverty initiatives, but is still worth over $2 billion. He has also provided helpful guidance for foreign exchange (FX) traders by suggesting that they keep an eye on central banks because liquidity is what drives markets.

Bill Lipschutz

Bill Lipschutz is a very wealthy man, having made hundreds of millions of dollars trading foreign exchange for Salomon Brothers in the 1980s. Years earlier, in college, he invested $12,000 he had inherited from his grandmother because he had a passion for trading. Soon, he will have nearly $2 billion in earnings.

His advice to would-be financiers is straightforward: pay attention to your losses, as they are the key to your eventual success. In addition, Bill Lipschutz once famously said that the best traders are the ones who figure out how to succeed despite being correct only 20% of the time. When it comes to the foreign exchange market, which Africans have the most money?

South African forex traders are among the wealthiest in the world.

These traders, who tend to be relatively young, have proven their ability to consistently outperform the market and earn a spot in our top 10.

Ref Wayne ( Foreign Exchange Trader )

Foreign exchange Trader from South Africa. Referencing Wayne, who dropped out of school at a young age to start investing instead. He was one of South Africa’s youngest multimillionaires thanks to his success in the foreign exchange market. Ref Wayne has shown that he can successfully trade in the $5 trillion daily currency market using only information available online. With a current estimated net worth of around $500 million, Ref Wayne has solidified his place among the top 5 richest forex traders in South Africa.

Nelisiwe Masango

Nelisiwe originally planned on becoming a neurosurgeon, but ultimately decided to pursue a career in international finance. She has a strong work ethic and a natural knack for the market, which led to her promotion to Director at Bear Run Investments. Now Neliswe is one of the highly sought-after millionaires in South Africa thanks to his expertise in trading foreign currencies.

Sandile Shezi ( Forex trader)

Sandile Shezi, a foreign exchange trader and a former employee of Nelisiwe Masango. Millionaire Sandile Shezi is one of several South Africans who made their fortunes through retail forex trading. He was one of the youngest FX millionaires in the country, having started investing at age 12. His current net worth exceeds $2.4 million.

Since Sandile’s good fortune, he’s established the Global Forex Institute to provide young people from low-income families with access to free financial education.

In Closing

Many of the world’s wealthiest people got their start in the foreign exchange market and have amassed fortunes trading currencies. To be sure, most of the people who make it into top 10 lists aren’t driven by the desire to be ranked among the top 5, 10, or 20 wealthiest forex traders ever. Their strategies aren’t based on quick gains and massive risks. They adopt a more realistic strategy, making use of risk management techniques, technical analysis, and strategic long-term goal setting.

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