As the online forex industry continues to take Kenyans by storm, there has emerged among us some successful forex traders. These traders have proved that it is indeed possible to not only trade and profit but also become rich from the global forex market in Kenya.
Below are the 5 most successful forex traders in Kenya:
- Patrick Mahinge
- Ken Githaiga
- Paul Mugenda
- Silah Obegi
- Sylvia Muchai
Successful Forex Traders in Kenya
|Picture||Trader Name||Details||Forex Broker|
|Silah Obegi||EGM Securities|
|Sylvia Muchai||Scope Markets|
1. Patrick Mahinge
Preferred Broker: LiteForex
Started Trading: 2014
Patrick Mahinge (the author of this post) can best be described as a serial webpreneur, but it is at forex trading that he has really prospered. Patrick started trading forex in 2014. My story is best told in the first person, so here we go:
I had a very tumultuous start with forex trading. I broke a fundamental rule, and paid for it dearly.
I am not the most brilliant forex trader in Kenya. I do not hold any academic qualifications in finance. I studied Journalism in a university with an awkward name to mention. I graduated with a second-class lower degree. and broke all my relatives’ hopes and dreams of seeing me on TV channels in Kenya reading the 9 o’clock news.
After graduation, I applied to different companies for a job as a journalist.
8 years down the line, I am still to hear from any of them.
Sometimes I console myself that my application letter got lost in the post office.
Or the secretary at the reception accidentally shredded it with some other garbage. She could accidentally do that, right?
Back then, I didn’t have much to show, but a burning desire to achieve success and financial freedom. It was this desire to shine that first led me to online forex trading.
8 years ago, after failing to secure formal employment, I was sitting with a friend at a popular restaurant in Nairobi.
I was explaining to her how I might not be able to contribute to our Chama anymore. My financial obligations were growing steadily, and I didn’t have a stable source of income.
She flipped her laptop open, revealing a desktop cluttered with all kinds of charts.
“You could try this. It is awesome!”
Over the next few weeks, I continued being drawn to online forex trading. What finally sold me to the idea of trading forex was not all the good qualities of forex trading, but the fact that all I needed to get started was a computer and an internet connection.
Totally intrigued with this new venture called online forex trading, I continued bombarding my friend with all sorts of questions:
- Did she know of someone else who had made money trading forex?
- How much was she making per day trading forex?
- How long would I take before I mastered the game?
2. Ken Githaiga
Preferred Broker: HotForex
Started Trading: December 2008
Ken Githaiga’s journey into becoming one of the best forex traders in Kenya is a story of persistence and unending learning. This is a story that every aspiring forex trader can relate to.
From the moment that Ken left college in 2008, he had a nagging feeling that he didn’t want to end up in a 5-9 office job. His quest was to work and earn money online but he at first didn’t know what kind of work he could find online.
After many weeks of searching and consulting, Ken Githaiga heard of online forex trading and the opportunities it offered to make money online in Kenya.
Making money trading forex was particularly attractive to Ken as he learned that he didn’t have to spend too many hours on the computer as is with the case with other online jobs such as content writing.
From the moment he heard about online forex trading, Ken was determined to become one of the most successful forex traders in Kenya. What followed was a journey of learning, consulting, and trading on demo accounts. Most of his knowledge was acquired from reading web articles on websites such as ForexFactory.com and watching YouTube videos.
Ken has recently started the Jay Forex Trading School where he trains aspiring forex traders how to become better forex traders. Ken Githaiga net worth has not been made public.
3. Paul Mugenda (Founder Paris Fx Kenya)
Preferred Broker: Deriv (Formerly Binary.Com)
Started Trading: 2014
In his mid-20s, Paul Mugenda is already a very successful forex trader and a mentor for so many aspiring beginners in Kenya. But like every other trader on this list, Mugenda was not always like this. It took many years of toiling and learning to turn him into one of the top forex traders in Kenya.
In fact, before Paul Mugenda ever became a profitable forex trader, he had started as a tea leaves hawker in the busy Githurai 45 bus terminus and later worked as an insurance sales person to several insurance companies in Kenya.
In 2014, a friend introduced Mugenda to online forex trading. He borrowed $300 as a starting capital, but unfortunately he lost all the money after he blew his trading account. It would take him many months to finally perfect his trading strategies and become profitable.
Currently, Paul prefers to trade binary options. He has made a name for himself in the industry and is considered by many as the best binary options trader in Kenya. His company Paris Fx not only trains on how to trade binary options but also offers trade signals to interested parties at one-time fee of $350.
4. Silah Obegi
Preferred Forex Broker: EGM Securities
Year Started Trading: 2012
Silah Obegi is another successful forex trader in Kenya. The graduate of a Business Management Bachelors degree from Moi University, Silah Obegi is the founder of the Nairobi School of Forex, one of the most renown forex trading schools in the country.
Silah is also the founder of MetaCapital, a finance company that offers innovative trading solutions to forex traders in Kenya.
5. Sylvia Muchai
Preferred Broker: Scope Markets
Started Trading: 2014
Sylvia Muchai is the real definition of pushing boundaries, and it is quite impossible to not admire her drive and charisma.
Her forex trading journey began as soon as she graduated from Kenyatta University with a bachelors degree in Finance. It was a journey, however, that was paved with peril. To start with, she blew her first $250 trading account barely 5 days after opening it. But that did not dampen her hopes of becoming a successful forex trader.
Day after day, for two straight years, Sylvia sought information of how to become a successful forex trader in Kenya. She read numerous trading books, devoured the BabyPips trading ecourse, opened numerous demo accounts, and attended trading seminars both online and offline.
During her initial trading years, Sylvia faced discouragement from forex trading mentors who would ask for an arm and a leg to teach her how to trade. The fees quoted would go to the upwards of $2,500. Even if she really wanted to learn how to trade, there was no way this fee was forthcoming. It was simply too much.