Richest Forex Traders – Meet Damilare Ogundare Richest Forex Trader: Damilare Ogundare Biography, Damilare Ogundare Career, Damilare Ogundare Houses, Damilare Ogundare Cars and Net Worth
Damilare Ogundare, popularly known as HabbyFX, the richest and youngest Forex trader in Nigeria, is a 20-year-old student of Lagos State University (UNILAG).
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HabbyFx is the founder and CEO of Habby Forex Trading Academy, an online education center with 3 physical locations in Lagos State. He is also an ECOWAS Youth Ambassador and works with many Forex brokers such as Infinox, ICM and many others.
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HabbyFX has to his credit, over 10,000 students that he takes both online and offline forex classes.
Damilare is a philanthropist and has helped many young people achieve their goals. To date, more than 5000 people have benefited from his trading signals (paid and free)
Among other amazing achievements, Damilare is known to have earned his first million Naira at the age of 18. He is most passionate about influencing other people and has created a string of young millionaires over the years.
Damilare Ogundare was born on March 18, 2001 and hails from Osun State in southwestern Nigeria. He is an African entrepreneur and an author. He studies at the University of Lagos.
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While still a university student, Damilare has grown his hustle and business, enabling other Nigerians to learn about Forex Trading and how to earn from it. And at the age of 18, he earned ₦1 million.
Damilare is a forex trader, author and YouTuber who teaches Nigerians how to trade and make money through all these mediums. He is the owner of HabbyFX, a popular Forex trading platform, and has over 4 years of experience in the industry. The platform offers online forex trading education and has three physical locations across the state of Lagos.
He is also an ECOWAS Youth Ambassador and has worked with many Forex brokers including Infinox, ICM and others.
Besides his business, Damilare is also a philanthropist who has helped many young people achieve their dreams. To date, more than 5,000 people have benefited from his paid and free trading classes.
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As influential as Damilare has been in helping young Nigerians develop their Forex trading knowledge, he has no intention of stopping there. He has approached the Federal Government of Nigeria to boost the country’s forex industry, which he says will be a catalyst to lift many people out of poverty.
There is no information whether Damilare has real estate. However, for someone of his wealth, it is almost certain that he can afford to own a few.
Over time, Damilare has been seen alongside various cars, such as Porsche and some other luxury cars.
He recently bought a 2021 Mercedes-Benz CLA45 with a price range of ₦30,000,000 to ₦32,000,000, with no price, which was discovered by Lagos-based car dealership Ola.
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This Mercedes-Benz CLA45 comes with a 2.0-liter four-cylinder turbocharged engine that produces 382 horsepower and goes from 0 to 100 km/h in just 3.7 seconds.
Damilare Ogundare’s net worth is currently estimated at $1 million. The young Nigerian entrepreneur is involved in many business activities related to Forex trading which is how he has earned all his wealth. The 10 richest forex traders in the world have amassed huge fortunes. But what can the day trader learn from these top performers? To answer this question, we will look at the richest Forex traders in 2023 from around the world, including the US, UK and South Africa.
Born in Hungary in 1952, George Soros started trading while still in school. He developed a strategy of taking highly leveraged positions based on currency movements and in 1992 this strategy paid off and he became “the man who broke the Bank of England”.
His large short position against the British pound during the Black Wednesday crisis correctly predicted several factors that would leave the Bank of England vulnerable if it had to intervene if the pound weakened above a certain level against the Deutsche Mark.
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The transaction netted him more than $1 billion. Since then, he has amassed a net worth of around $8 billion, making him one of the richest forex traders of all time.
Born in the UK, Joe Lewis started working at the age of 15 and helped run the family catering business. A few years later, he sold the company to start currency trading.
A wise decision considering that in 1992 he bet against the British pound alongside George Soros and in turn made an impressive $1.8 billion in trades. Today he has a fortune of about 5 billion dollars.
After graduating with a degree in economics from the University of Virginia in 1976, Paul Jones turned down Harvard Business School and chose to work as a commodities trader.
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, focusing on interest rate fluctuations in the foreign exchange market. He also served as chairman of the NYSE from 1992 to 1995. Today, he is one of the richest forex traders in the world with an estimated net worth of $4.5 billion.
Stanley Drukenmiller is another name on our list of richest forex traders linked to George Soros. He spent more than a decade managing money for Soros and was the lead portfolio manager of the Quantum Fund.
Born in Pennsylvania, Stanley earned degrees in English and economics and went on to work as an oil analyst for the Pittsburgh National Bank. Just a year after starting, he founded his own company –
He is now worth more than $2 billion despite donating more than $700 million to medical research and poverty alleviation. He has also given useful advice to FX traders – keep an eye on the central banks as liquidity is what moves the markets.
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Bill Lipschutz is one of the richest forex traders in America and made hundreds of millions of dollars trading with Salomon Brothers in the 1980s. But his passion for trading began years ago in college, where he invested $12,000 in an inheritance from his grandmother. Now his total income is almost $2 billion.
For aspiring investors, his advice is simple: focus on your losses, as they will determine your overall success. In addition, Bill Lipschutz famously said that top traders are the ones who figure out how to make money when they are only right 20 to 30 percent of the time.
Some of the wealthiest Forex traders are from South Africa. Not content with average returns, these often young but leading investors have earned their place on our top 10 traders list.
South African FX trader Ref Wayne started investing as a teenager after leaving school. By the age of 19, he had already become one of the richest forex trading millionaires in South Africa. Ref has proven his ability to navigate the world of online investing and spot opportunities in the $5 trillion a day currency market.
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Ref Wayne now sits comfortably on any list of the 5 richest forex traders in South Africa, with an estimated net worth of around $500 million.
Despite dreams of becoming a neurosurgeon, Neliswe instead ventured into the foreign exchange market. Her impressive work ethic and market insight led to her becoming a director
Also on the list of the richest forex retail millionaires in South Africa is Sandile Shezi. He started investing at just 12 years old and was one of the youngest FX millionaires in the country. Today he is worth more than $2.4 million.
South Africa has produced many of the wealthiest currency millionaires. However, some of the best FX traders come from other parts of Africa, including Nigeria, Zambia, Ghana, Uganda and Kenya. Among them is Nigerian trader Uche Paragon, who has successfully made his living trading currencies and commodities.
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In 2019, ParaGon had a net worth of nearly $16 million. He believes his success stems in part from his dedication to learning the markets and mastering strategies before implementing them into real money investing. See here for instructions on how to get the most out of a demo account.
Bade, another Nigerian currency trader who made it big, spent years refining his strategy, minimizing losses and reducing his risk exposure. At the age of 28, he posted consistent six-figure gains and chose to retire from active currency investing.
Bade now focuses his time on mentoring aspiring marketers through online seminars and training programs, giving back to the Nigerian community where he grew up.
The richest forex traders in the world have made millions, if not billions, in the global foreign exchange market. However, most of those in the top 10 lists are not motivated simply by being one of the 5, 10 or 20 richest Forex traders of all time. Short-term profits and high risks are not part of their strategies. Instead, they take a pragmatic approach, using tools for risk management, technical analysis and long-term goal setting.
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Note that while they don’t make this list, individuals from Canada, Singapore, and Tanzania, among others, have also produced some of the wealthiest Forex traders in the world.
The trader titled “World’s Richest Forex Trader” is George Soros. Famous for “breaking the Bank of England” in 1992, his short position against the pound earned him more than $1 billion and sparked the Black Wednesday crisis. Today from George Soros
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