Meet 20-year-old Damilare Ogundare, one of Nigeria’s richest forex traders

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*Ogundare, like other forex traders, entered the space because it is rewarding
Damilare Ogundare
Damilare Ogundare

Damilare Ogundare is one of Nigeria’s brightest forex traders. Apart from being regarded by many traders as one of the most influential with a net worth of $1 million dollars and an ECOWAS youth ambassadorship, he is the founder and CEO of Habby Forex Trading Academy, an online forex trading instructional centre.

Damilare, 20, is a philanthropist, author of “Breaking the Economic Mist as a Nigerian Youth,” and has helped turn about 300 Nigerian youths into profitable forex traders, and aims to increase that number to run in thousands.

The forex trader known as HabbyFX or Habby Forex, began at an early age; before 2018. He then founded the academy in 2018 and earned his first million in the same year. He has now partnered with a number of forex platforms, including Infinox, ICM, and others.

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Why Forex for Damilare Ogundare?

I’ve always dreamt of living a luxurious life and helping others achieve same, before I stumbled on forex trading while searching for a way to make money online.

Damilare Ogundare

Ogundare, like other forex traders, entered the space because it is rewarding.

From profits, HabbyFX has said he has bought a house, three luxury cars (a c63 Benz, a Range Rover Sport, and a Lexus IS 350), and has two branch office spaces in Lagos.

Ogundare, however, points out forex trading needs a great deal of risk-taking, consistency, and hard effort.

Meet 20-year-old Damilare Ogundare, Nigerian's richest forex trader
Damilare Ogundare

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What next?

Despite the fact that Ogundare has been able to develop a community of enthusiastic forex traders for himself over the years, potentially creating an income-generating opportunity for youths in the Nigerian tech ecosystem, he does not appear to be content with his achievements.

The young forex trader is seeking to find a way to enlist the government’s help in boosting the country’s forex industry, which he believes will help lift the country’s youth out of poverty.


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