Who are the successful Forex traders in Kenya? This is definitely one of the most asked questions in Kenya. Due to the high level of unemployment in Kenya, most Kenyans are optimistic to try out their entrepreneurial spirit.
As the online forex industry continues to take Kenyans by storm, there have emerged some forex traders who have succeeded. 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. There may be a lot of successful forex traders in Kenya but I want to highlight the common ones in the public domain.
Entering the forex trading market and learning to trade has been easier than ever, thanks to educational websites like Benstride and various online trading platforms. However, getting any success in this endeavor is not easy as one can blow up their account in a matter of a second without proper financial knowledge and risk management.
One way new traders can learn is to learn from the best. Those are traders who have already been achieving the success that you look up to, and they also serve as an inspiration at times when you feel a little demotivated when all things don’t seem to work.
Below are five of the best Kenyan forex influencers that you can follow:
1. Vincent Nyagaka
Vincent Nyagaka is a forex trader with over 6 years of experience. He started working in a Sacco in Kiamokama Factory. But he was not satisfied with the amount they were being paid by the company by then. He was earning Ksh.15,000 in 2012.
While working in the company he kept looking for a job but he would not find one. One of the days he landed on an article on a blog Kuza Biashara that was talking about various ways that one can make money online.
According to Vincent Nyagaka, he decided to venture into forex trading over other ways that were enlisted on the blog on how to make money online. Vincent decided to purchase some courses online and learn more about online Forex Trading.
He later founded Benstride where he teaches learners how to trade Forex Trading. He offers free beginners academy and a premium forex course on his site.
Vincent, his preferred Forex broker is XM.
2. Patrick Mahinge
He can best be described as a serial webpreneur, he has websites promoting Amazon affiliates but he claims to have made more money in forex trading than other ventures. Patrick started trading forex in 2014.
Patrick claims he had a very tumultuous start with forex trading. But he broke a fundamental rule and paid for it dearly.
Patrick does not hold any academic qualifications in finance. He studied Journalism at Egerton University. He graduated with a second-class lower degree and he claims he broke all my relatives’ hopes and dreams of seeing me on TV channels in Kenya reading the 9 o’clock news.
After graduation, Patrick applied to different companies for a job as a journalist. Eight years down the line, he is still eager to hear from any of them. Sometimes he says he consoles himself that my application letter got lost in the post office. Or the secretary at the reception accidentally shredded it with some other garbage.
Back then, he 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 him to online forex trading. Eight years ago, after failing to secure formal employment, he was sitting with a friend at a popular restaurant in Nairobi he was explaining to her how I might not be able to contribute to their Chama anymore. His financial obligations were growing steadily, and I didn’t have a stable source of income.
It’s when she flipped her laptop open, revealing a desktop cluttered with all kinds of charts. “You could try this. It is awesome!” her friend told her.
He continued being drawn to online forex trading. What finally sold him to the idea of trading forex was not all the good qualities of forex trading, but the fact that all he needed to get started as a computer, capital, and an internet connection.
Patrick Mahinge prefers to use HotForex for trading.
3. Ken Githaiga
The list of successful forex traders in Kenya cannot be complete without Ken Githaiga. He started trading in 2008.
Ken Githaiga’s journey to becoming one of the best forex traders in Kenya is a story of persistence and consistency in 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 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 on how to become better forex traders. Ken Githaiga’s net worth has not been made public.
4. Paul Mugenda
He’s the founder of Paris Fx Kenya. I think most of you have heard of Paul since he has been featured by most local media stations. He started trading in 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 salesperson 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 up 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 a one-time fee of $350
5. Silah Obegi
Silah Obegi started to trade forex in 2012. He is another successful forex trader in Kenya. The graduate of a Business Management Bachelor’s degree from Moi University, He is the founder of the Nairobi School of Forex, one of the most renowned 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.
6. Sylvia Muchai
Sylvia Muchai started trading currencies in 2014. She 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 bachelor’s 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 on how to become a successful forex trader in Kenya. She read numerous trading books, devoured the BabyPips trading course, 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 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.
The six above are the most successful forex traders in Kenya but we will keep updating you with more traders.
7. Esther Mofrey
Esther Mofrey Is a Kenyan Forex trader who is very passionate to create content about Forex Trading, ie how to start Forex trading, and Forex trading strategies. There before she used to sell fashionable clothes.
Frequently Asked Questions
How much do Forex traders make in Kenya?
Basically, it depends on the amount of capital you have. You can make as much as Ksh.10,000 in a day with a capital of Ksh.100,000.
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Vincent Nyagaka is a Professional Trader, Investor, and Author. He has built an 8-figure solid business around Forex, Stocks. He was recognized as one of the top 100 entrepreneurs under the age of 30 by the United Nations. His work is featured in top publications like Entrepreneur, Forbes, Inc, FoxBusiness, and more. Check out Vincent’s Professional Trading Course here.