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Who is Jim Simons?

Jim Simons Full Biography
James Harris Simons or Jim Simons is an American mathematician and an eminent fund manager. Jim Simons is the father of all quants, pioneer of quantitative trading, the famous mathematician and fund manager, one of the first fund managers who applied machine learning in stock price prediction.

Jim Simons’s net worth is $21.6B in 2020.

Jim Simons video:

He is also known as the Quant King. He has started one of the most successful and popular quant funds in the world. He is a self-made billionaire. Apart from this, he is a philanthropist as well. He is very much popular and well-known for his quantitative investment. In the year 1982, he founded renaissance technologies. It was a private hedge fund in New York City. Simons took retirement from the fund in the year 2009. But he maintains his position of non-executive chairman and advisor as well. He got the success in mathematics and figured out the code-breaking as well. He also built a top-class department at Stony Brook University.

He is very much popular for his useful and important studies on pattern recognition. The Chern-Simons form was developed by him. He was a mathematician professor from the year 1968 to 1978. He held the chair of a mathematics professor at Stony Brook University. As per the year of 2018, his net worth was $20 billion.

Early life and studies:

This eminent personality was born on 25th April 1938. He was born in an American Jewish family. He was the only child of his parents. He was brought up in Brookline, Massachusetts. His father had a shoe factory. But Simons has found his love for mathematics at the early age of his life. At that time, Simons worked at a garden store as a floor sweeper. But he had the ambition of becoming a mathematician at MIT. In the year 1955, he got a chance from MIT. After completing his graduation from there, he got a chance to study at the University of California for his decorate in mathematics. At the age of 23, in the year 1961, he got his doctorate in mathematics.

After that, he started to teach mathematics at Harvard and MIT. In the year 1964, The Institute of Defence Analyses appointed Simons. During the Vietnam War, he played a very important role in the codebreaker. After four years, he left IDA and became the Chairman of Stony Brook University. There he played the key role of developed-in mathematics and physics as well.

Academic career and scientific career:

Simon is very much popular in his mathematical works. At the primary stage, he has focused on geometry and topology of manifolds. In the year 1972, he wrote his Ph.D. thesis under the direction of Bertram Kostant. This thesis gave a new conceptual proof of Berger’s classification. It is now a new cornerstone of modern geometry. Apart from this, he also began the work with Shing-Shen Chern n the theory of characteristic classes. In the year 2014, he was selected by the National Academy of Sciences of the USA.

In the year 1988, Simons decided to use quantitative analysis in order to decide which trade to enter. The Quant King has filled the fund with so many programmers, mathematicians, physicists, and cryptographers as well.

How Mathematician Jim Simons Learned To Beat The Market

Renaissance technologies:

Simon’s renaissance technologies protect the fund for more than two decades. He has employed mathematical models in order to analyze and execute trades. Renaissance can predict the price change in the financial instrument through the computer-based models.

Renaissance also employs specialists and experienced persons from non-financial backgrounds. These backgrounds are such as physicists, mathematicians, and signal processing experts and statistic specialists.

In the year 2006, Simons was named as Financial Engineer by the International Association of Financial Engineers. In the year 2007, he earned personally $2.8 billion. He head earner $1.7 billion in the year 2006 and $1.5 billion in the year 2005. So, here is an actual growth rate of his income and earned money.
Jim simons hedge fund returns were 66% ( generated average annual returns) before charging investor fees—39% after fees—racking up trading gains of more than $100 billion.

By using his strong mathematical background and a very large set of data, Simons wanted to build the computer model. He believed that he could identify and get the profit from patterns in the market. He created his algorithms based on the data 40 years before today. According to Zuckerman, he takes advantage of the smallest and shortest fluctuations in prices. By crunching data and created a predictive algorithm, Jim Simons embraced a radical investing approach. These tactics were embraced radically in Silicon Valley and elsewhere.

Today, the protected funds and other quantitative and investors are the largest market players. They can control 31% of all stock trading. They are inspired by the success of Simons and his colleagues. It is true that Simons took more than a year in order to find a formula to beat the market.

Risks and changes:

Simons had to face a lot of difficulties in this path of invention. In the year 1985, Simons was working with James Ax. He is also another prize-winning mathematician. Simons considered the possible influences of sunspots and lunar phases on markets. At that time, Simons also flew to California in order to discuss the new potential in trading approaches. In addition to his success and fame, Zuckerman also points out some failures, setbacks and other kinds of incidents that nearly ruined his invention. But Simons handled so many things in his life tactfully and smartly as well. He also managed to tackle his whole team members including Baum, Ax, and Berlekamp. Their various reasons, starting from their health issues and all can make a huge problem for Simons.

Awards and legacy:

In the year 1976, he won the AMS Oswald Veblen Prize in Geometry for his outstanding contribution in Geometry and Topology. In the year 2006, Simons was named as Financial Engineer of the year by the International Association of Financial Engineers. In the year 2014, he was elected to the National Academy of Sciences of the USA. Simons has developed strategies to corral and manage their talents. He has changed and turned the raw brainpower as well. He also changed the mathematical aptitude into astonishing wealth. Simons had to make the decision in order to dig through the mountain of vast data. By the year 2019, the funds of quant have emerged as one of the largest market changes in the industry.

Medallion fund:

The medallion fund grew from $66 million to $2.4 billion between the years 1993 and 2000. In the year of 2010, it became and reached up to $10 billion. After this point in time, Simons gave his final resignation and turned the operation power of the fund to Mercer and Brown. But he remained the Chairman of the fund. Apart from the fixed assets of a total of $10 billion, this particular fund continuous to generate enormous profit and this is very much fortunate for the investors. From the year 2011 to 2018, the returns of the fund are consistently and easily the best among the market. Renaissance also offers three funds for outside investors.

As you can see, Simons has a quite career. He is a true genius in the field of mathematics. He changed a lot about the concept of mathematics and its effects on funding as well. He has a great IQ level. He has boundless energy and determination as well. He knows how to tackle tough situations and meet the never-quenched thirst for success. His overall story is a great tale. Everyone should know the very detail of his journey. Zuckerman describes everything from top to bottom in the book named “The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution”.

Simons Foundation established the Flatiron Institute in the year 2016. In this particular house, there are four groups of computational scientists. Each scientist is Ph.D. level researchers. This particular institute consists of three cores or departments such as CCB or the Centre of Computational Biology, CCA or Centre for Computational Astrophysics, CQC or Centre for Computational Quantum mechanics. They will focus on another branch of application computational science. This new institution is located in Manhattan. This institution represents a major investment in basic computational science.

Simons has a strong deal of influence in the scientific world. He founded the Simons Foundation with his wife. Simons Foundation is solely devoted to supporting the scientific research, health, and education as well. Simons also contributed $2.7 billion of his total wealth to the autism center in order to support the noble cause. Simons also founded the Math of America. It aims to encourage the mathematics and science teachers in order to remain their roles and advance their responsibilities of teachings and abilities as well. Simons and his colleagues use unbelievable data and lots of information as well. They really worked very hard to give the economy industry a new path. For their invention, the natural economy of the market has changed a lot. Their equations of Quant Funds can protect the funds and it is very much effective for the industry. According to Jim Simons, the computer has the opinions and all need to follow them slavishly.

David Dreman Biography

by Fxigor

Canadian David Dreman was born in 1936 in Winnipeg, Manitoba. He had worked for companies such are Rauscher Pierce Refsnes Securities Corp., J&W Seligman, Value Line Investment Service, The Journal of Psychology and Financial Markets, International Foundation for Research in Experimental Economics (IFREE) and Dreman Value Management, L.L.C. His name is mostly known for his classic book “Contrarian Investment Strategy: The Psychology of Stock Market Success” which was published in 1980. It is a book about investment and every investor during the ’80s and forwards who are known for any success has probably read the “Contrarian Investment Strategy”.

David Dreman has written numerous articles in different scholarly investment articles infamous economic journals such are the “Financial Journal”, Journal of Investing and “The Journal of Financial Behavior”. Readers of Forbes magazine have known him for his columns that he has written for more than two decades. In the year 1958, he graduated from the University of Manitoba in Canada, after which he became a research director at Rauscher Pierce. Later he worked for Seligman as a senior investment officer. After that in 1977, at the Value Line Investment Service, he became a senior editor. That was the year when he was working for others and when he decided to found his own investment company where he acted as the president and the chairman of the company. That was Dreman Value Management, Inc. Dreman’s method of investing is contrarian investing. But he saw many hard times coming to that.

Contrarian investment strategy David Dreman

Contrarian investing capitalizes on the emotional, knee-jerk reactions that make unpopular stocks underpriced so an investor is poised to benefit from upside should a business meet or exceed expectations.

Step 1 : Find undervalued companies. The stock needs to be in the bottom 20 percent of the market for at least two of the below four ratios.
Step 2: Company stock must be among the 1,500 largest companies in the market because Dreman believed that larger firms are more in the public eye.
Step 3: Company stock needs to be in a rising trend in earnings, so our model requires earnings in the most recent quarter to exceed those of the prior quarter.
Step 4: Current company ratio that is either higher than 2.0 or higher than the industry average.
Step 5: The payout ratio of stock needs to be: Current payout ratios need to be lower, on average than in the past.
Step 6: Return-on-equity needs to be above 27 percent.
Step 7: Pre-tax profit margins: need to be at least 8 percent because that can be indicated as a strong business.
Step 8: Yield of at least 1 percentage point higher than that of the Dow Jones Industrial Average.
Step 9: Stock needs to have a debt-equity ratio of less than 20 percent.

This is the idea of how we can use the Contrarian investment strategy by David Dreman to pick stocks.

When he was a junior analyst back in 1969, Dreman was only following a majority of investors as the stocks with minimal earnings turned over and became worthy. He lost three-quarters of his net worth by following the majority, and that taught him to psychoanalyze investor behavior after what he became a contrarian investor. For him, the most important factor in the market is psychology. He is strict with his discipline and that is a part of his success. He explains that he buys stocks when they are battered. He buys stocks that have a low ratio of costs-earnings. The analysis shows that buying stocks with low selling value in the long term is better. Patience is for him the main asset in terms of investing and dealing with your stocks. His famous “If you have good stocks and you really know them, you’ll make money if you’re patient over three years or more” quote is what his style of investment is determined by. He is well known for his publications among which the “Contrarian Investment Strategy: The Psychology of Stock Market Success” published in 1980 gained a huge success and is a part of every investor’s elementary literature. “The New Contrarian Investment Strategy” and “Contrarian Investment Strategies: The Next Generation” are also the titles that gain popularity in the world of investing.

David Dreman Quotes:

Patience is a crucial but rare investment commodity.
Graham’s observations that investors pay too much for trendy, fashionable stocks and too little for companies that are out-of-favor, was on the money… Why does this profitability discrepancy persist? Because emotion favors the premium-priced stocks. They are fashionable. They are hot. They make great cocktail party chatter. There is an impressive and growing body of evidence demonstrating that investors and speculators don’t necessarily learn from experience. Emotion overrides logic time after time.

When advisors go one way, markets go the other.

Ingesting large amounts of investment information can lead to worse rather than better decisions.

Volatility is no risk. Avoid investment advice based on volatility.

I buy stocks when they are really battered.

If contrarian strategies work so well, why aren’t they more widely followed?… It is not enough to have winning methods, we must be able to use them. It sounds almost simplistic, but it isn’t.

Positive and negative surprises affect ‘best’ and ‘worst’ stocks in a diametrically opposite manner.

It’s very hard to go against the crowd. Even if you’ve done it most of your life, it still jolts you.

Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.

Getting in near the bottom and out near the top is not as easy as market timers or asset allocators would have you believe.

It is one thing to have a powerful strategy; it’s another to execute it.

David Dreman Books:
Psychology and the Stock Market: Investment Strategy Beyond Random Walk. 1977. American Management Association. ISBN 0-814-45429-1.
Contrarian Investment Strategy: The Psychology of Stock Market Success. 1980. Random House. ISBN 0-394-42390-9.
The New Contrarian Investment Strategy. 1982. Random House. ISBN 0-394-52364-4.
Contrarian Investment Strategies: The Next Generation. 1998. Simon & Schuster. ISBN 0-684-81350-5.
Contrarian Investment Strategies: The Psychological Edge. 2012. Free Press. ISBN 0-743-29796-2.

George Soros Biography

by Fxigor

Introduction – George Soros Bio
George Soros quotes:

George Soros was born in the year 1930, August 12 in Budapest, Hungary.Who is George Soros? Soros is an American-Hungarian author, political activist, philanthropist, business magnate and investor. He is among the most successful investors in the world. He had a network of $7.6 billion as of 2017 February after donating $17 billion to the Open Society Foundations, his philanthropic agency. George Soros Net worth was $25.2 billion as of Mar 22, 2017. In 2018., George Soros net worth is 8 billion USD.
George Soros became popular in the year 1992, during the time that he made $10 billion from one bet that was against the British pound. The speculation of the currency gave the investor profits that added up to $1 billion in the first day and more than $2 billion afterward. He even was given the “the man that broke the Back of England” nickname.

Main facts:
Father:Tivadar Schwartz
Mother: Erzebet Szucz
Brother: Paul
Ex-spouse: Annaliese Witschak and Susan Weber
George Soros children are: Alexander, Andrea, Gregory, Jonathan, Robert
George Soros is married to Tamiko Bolton, who’s 42 years younger than him from 2018.
Where is George Soros ? – He lives in New York, Katonah, USA

Education and Career
How did George Soros make his money?

He attended the School of Economics in London where he earned a bachelor of science in philosophy and Master of Science in philosophy in the years 1951 and 1954 respectively (“George Soros,” 2018). Soros could not find any jobs after he graduated and therefore he decided to settle for employment as a traveling salesman for wholesaler f of fancy gods that sold to retailers in the resort’s seaside. The individual described this moment as one of the lowest in his life. He wrote interview letters too many banks that ignored him and also humiliated him in the process of the interview (Soros, 2010). He worked as a clear at Singer and Friedlander, a bank in London. He also employed as an arbitrage trader in the years 1956 to 1969 at F.M Mayer. Here he was specializing in European stocks that were popular with the United States investors because of the formation of steel community that later transformed to the common market. Thereafter, he worked in an investment bank in the place. He later left for the US in the year 1956 where he was employed as an investment manager and an analyst for various firms.

Soros’s Philosophy of Investment – How did George Soros get his wealth
George Soros had an ability to synchronize world economic trends with the leveraged and highly detailed strategy in currencies and bonds. He operated as a speculator shortly and was able to make bets on the trends of financial markets. He had a belief that the financial markets tended to depend on the amateur and professional traders and the people that purchase or sell assets on the market. Soros aimed at capitalizing on the emotional or human capacity of the influencers of the market to transform the investment decisions and opinions of others . The man was always looking for a way to stand out or be unique from the crowd as much as he followed investment trends. This was one of the greatest paydays. He trusted his reaction regarding busing and selling and this made his strategy hard to emulate.

How did George Soros make his money ?
He left work in 1073 to look for his personal hedge fund, the Soros Management Fund. The fund turned to the Quantum Fund and eventually Soros was able to develop the company to a highly successful and aggressive hedge fund which made annual returns of 30% annually. There are two occasions when the fund posted profits that exceeded 100%. In the early 1990s, Soros was declared among the richest individuals on earth.

Market and Major Trades
Soros was contacted by Georges Pebereau a financier in France in the year 1988 that wanted him to take part in an effort of assembling a team of investors to buy a big number of shares in a French bank which was part of a program of privatization. Soros, however, decided not to participate in the effort and opted to move forward personally with the strategy of putting shares in four companies in France which included Paribas, Suez, and Societe Generale. In the year 1989, a French regulatory authority of stock exchange performed an investigation to know if the transaction of Soros in Societe Generale was inside trading. Soros got no information from the company and had no information of the business insider but he knew that there was a group of investors who were planning a takeover. The first investigation proved that Soros was innocent and there were no charges against him. The case was later reopened after a few years and he was convicted in the year 2006 by the French Supreme court. Soros, however, declined the charges and said that the takeover news was public knowledge and the document said that the intent of the individual to have the company shares showed that he was aware of the takeover.
George Soros Versus the British Pound – How Did George Soros Get Rich in one day ?

Soros is remembered by the “the man that broke the Back of England” nickname. He is also a known speculator of currency and does not limit his efforts to a specific area geographically but considers the whole world when looking for opportunities. The man borrowed billions of dollars in the year 192 which were worth the British pound then changed them to German Marks. When the pound crashed, George Soros had to repay his lenders on the basis of the lower new pound value. He pocketed an excess of around $1 billion that is the difference between the pound value and the mark value in a one-day trading
George Soros made the same move with the Asian currency during the Asian Financial Crisis of the year 1997. He took part in a frenzy which led to the collapse of the Thailand currency. The trades became so effective since those national currencies that speculators bet against mostly got pegged to other currencies. This means that there were agreements to prop up those currencies to ensure that they were able to trade in a particular ratio against that currency which they got pegged.
As the speculators placed bets, the issuers of currency got forced to try and maintain the ratio by purchasing their currency on the open market. The government later ran out of money and was pushed to abandon the effort and this made the value of the currency to plummet. The governments feared that George Soros would start having an interest in their currency. When he did, the other speculators could ion in the fray, this was described as a group of wolves on a group of elk (“George Soros,” 2018). The big amounts of money that those speculators borrowed and leveraged made it hard for the governments to handle the assault or withstand it.
Despite the success of George Soros, it is not every Bet that he placed worked in his favor. For instance, in the year 1988, he made a prediction that the markets of the United States would rise continuously. His fund, as a result, lost $300 million in the crash process even though there were lower double digits delivered returns that year. In 1999, Soros also took a hit of $2 billion in the Russian debt crisis and lost $750 million during a technology bubble where he placed a decline bet (“Investopedia, n.d.”). He was stung by this loss and as a result, bought anticipation big in of a rise and lost about $2.9 million when the market crashed finally.
Soros’s family office has trimmed the stake in the Broadband Corp. during the first quarter, the management fund holdings of Broadband Corp reduced by seventy-four thousand shares to around 8000 million. The filing also shows the disclosed Soros’s stake of around 22 million in Vice Properties Inc. which the second-biggest holding of the firm. George Soros also increased the stake by 330, 00 in Aetna and made the holdings of Baxter International by around 340,000 shares.
According to the recent news, the billionaire is weighing moves into cryptocurrencies. A member of the of office family got internal permission to trade on cryptocurrencies which is an asset that several money managers avoid because of the track record of the sector which is limited and lack of volatility and regulation. The Soros Management Fund head of macro investing, Adam Fisher got the approval but has not made any bets yet on cryptocurrencies. The green light of the fund for cryptocurrencies came after the Bitcoin price that has served as a signal to several other cryptocurrencies. Recently, regulators have begun paying special attention to cryptocurrencies and this has scared investors off (“George Soros,” 2018). The interest in bitcoin is beginning to wan with the amounts of searches falling slowly since the start of this year.
If you interested what stocks does george soros own you can see his portfolio in details.
Where does George Soros live now

George Soros is Founder/Co-Founder of Quantum Fund . He lives in a large estate, located in the Bedford Hills suburb of New York, Katonah, USA.

Interesting facts:

One of the famous youtube videos is George Soros 60 minutes interview.
George Soros interview :

Conclusion
Trading like Soros is not for those with a light wallet or the faint-hearted. The drawbacks of the winning big and betting big is that betting big means losing big. If one cannot afford the loss, then definitely they can’t afford to resemble George Soros. While the macro hedge traders are the quite types and avoid the spotlight as they earn a fortune, George Soros is taking and has been taking public stances on several political and economic issues. His success as a speculator and public stance has put Soros in a unique personal class. During a period of more than four decades, he made the correct moves almost every time and generated a large number of fans among investors and traders and detractors among the ones on the other end of losing for his speculative activities.

QUESTIONS AND ANSWERS from comments:

How old is George Soros ?

He was born 1930. George Soros is 88 years old.

2. Who is George Soros spouse ?

Tamiko Bolton is George Soros’ third wife.

3. What is official George Soros twitter account ?
George Soros Twitter account is : https://twitter.com/georgesoros

3. What religion is George Soros ?
As we can see in the interview, George Soros is an atheist he doesn’t Believe In God.

4. Did George Soros Say His Life’s Mission Is to Destroy the United States?
No. George Soros didn’t say this. Claim (from Newsweek 1979 fake news article about George Soros) “I’ve made my life’s mission to destroy the United States. I hate this country and I hate all of the people in it.” is false news. David Emery, is excellent San Francisco-based writer and he wrote several articles about fake news related to Soros.

5. Is George Soros ‘Grooming’ a Pro-Muslim Brotherhood Gubernatorial Candidate in Michigan?
Another fake news about Abdul el-Sayed George Soros’s relationship.

6. Is Chelsea Clinton Married to George Soros’ Nephew Marc Mezvinsky?
Another fake news. Based on Snopes.com , Baio didn’t provide any evidence that Marc Mezvinsky, Chelsea Clinton’s husband, was related in any way to George Soros.

7. Are 16 States Using Voting Machines from a ‘Soros-Controlled Company’?
George Soros voting machines were another fake news in media last several years. George Soros has no hand in the management or ownership of Smartmatic

8. Is adam Schiff sister married to George Soros son ?
No, George Soros’s son isn’t married to Adam Schiff’s sister.

9. Was George Soros part of the SS?
No this is not true! George Soros was not a German soldier.

10.

South Africa’s youngest Forex millionaire

by Fxigor

South Africa’s Youngest Forex Millionaire
Self made millionaires in South Africa

There are no forex traders from South Africa on list of billionaires but there are interesting millionaires. If you interested to see all famous billionaires in South Africa and the world please visit Forbes billionaires.

The world of forex trading has changed quite a bit over the past two decades and more. There are many reasons for this. To begin with, the world has become a more open and easily reachable place. It also has become well connected by different modes of transport and we are definitely moving towards what is known as a global village. Technology also has played a big role and the internet and mobile telephony have opened new avenues of trade and commerce. Forex trading has been an area where there have been huge changes and it has helped create wealth among thousands of people located in different parts of the world. In this article, we will look at some of the most fascinating youngest forex millionaire stories. We are sure it will be interesting and also motivating for those who are from South Africa and would like to build on their dreams to become a millionaire. While the names mentioned here are indeed successful, a few of them do have quite a few things to explain about the way in which they built their wealth.

So, South African young forex millionaires are:

Ref Wayne

Ref Wayne is a person who had a keen interest in trading even when he was in high school. He left high school in 2011 and started trading in forex. It is believed that by the age of nineteen he had already built a fortune worth a million. He has built on his success and also has quite a few things to show as far as charity and philanthropy is concerned. He set up the Ref Wayne Foundation for helping poor and underprivileged children. He also has penned a book by the name The Art of Trading. It explains both the practical and theoretical aspects of forex trading. According to some estimated Rey Wayne must be worth around $500 million. Hence, his phenomenal success could be a great way forward for others who are keen on making big money in forex trading. Ref Wayne net worth is around $500 million (estimated in October 2019).

Jabulani Ngcobo

Born in 1985, Jabulani Ngcobo is today considered as one of the wealthiest forex traders in South Africa. He is a self-made man and therefore he does command quite a bit of respect. He also has written a book by the name Cashflow Naked. It is much more than a biography and also offers valuable education on finance. Ngcobo like many other successful people in South Africa has to grow up the ladder. He comes from an underprivileged background. His success is indeed worth-emulating and being talked about. It could be more or less, but one thing is quite clear about his success. He has been determined and willing to do what it takes to become successful. Hence, there is no doubt that he could be a role model for those who wish to be successful in their lives. There’s an adage that says, where there’s a will there’s a way and he could perhaps be a living testimony to this adage.

How much is Jabulani Ngcobo worth? Jabulani Ngcobo Estimated Net Worth in 2019 is around 2 Million dollars (Wikipedia research and articles research) (Approx.).

Sandile Shezi

Sandile Shezi is South Africa’s youngest forex millionaire !

Most people work hard for many years to become millionaires. Yet at the age of twenty-three Sandile Shezi is one of the youngest millionaires in South Africa and the youngest forex millionaire. Unlike most young millionaires, Shezi does not come from a privileged background. As a young boy, he sold muffins to make some money. However, he was passionate about Forex trading and willing to take risks. So for some years, he used the money given to him for school tuition to trade in Forex since he believed that it was more lucrative. He was right since he was able to make a lot of money through Forex trading.
Sandile Shezi’s net worth is estimated at around 2.4 million dollars.

Sandile Shezi Forex Trading

Sandile Shezi is famous in South Africa for the millions of dollars he has made through Forex trading at a young age. He has established a company Global Forex Institute which is considered to be one of the best companies in the country for Forex trading. Trading in Forex is considered extremely risky because Forex rates fluctuate depending on a number of factors and the Forex trader can lose his capital. Yet Sandile Shezi has spent so much time and money in Forex trading and understands the intricacies of the Forex market so well, that he is considered to be one of the most successful traders and wealthiest of Forex in South Africa.

Sandile Shezi Company Profile

Media sources indicate the Forex company, Global Forex is based in the Umhlanga area of Kwazulu Natal in South Africa. The company was established by Sandile Shezi in partnership with his mentor, George van der Riet. Riet was an experienced Forex trader with more than fifteen experience when the company was founded. The company claims that it offers effective and affordable Forex training, helping people to make a living.

Sandile Shezi Training

They offer training to all citizens and hope to reach a large number of citizens. They have already trained more than ten thousand people, making it one of the leading providers of training in Forex in South Africa. According to the company website, most of the Forex training and mentoring of the new traders is done free of cost. Unemployment is a major problem in South Africa, and Global Forex hopes to alleviate the problem by training people in Forex trading. It is holding free seminars in various cities so that those who are interested in Forex trading can get more information.

Sandile Shezi Training Method

Global Forex makes its money from Forex, and the results of the Forex trading are shared on the website so that all visitors can view the trading results and learn to trade in a similar manner. Sandile Shezi claims that the Forex related trading is their contribution to the community in which they live in, giving back to it for the support and encouragement he has received. Students are able to link their bank account to their Forex funds, and earn some money from Forex trading while they continue their college or school studies. His risk-taking ability and success have made Sandile Shezi a role model for many young people in South Africa.

If you are keen on getting to know more about the youngest millionaires in South Africa, then it is quite possible that you will find Sandile Shezi quite interesting and stimulating. Apart from being a big name in forex trading in South Africa, he also has been immensely successful within a short period of time. He has been able to establish the Global Forex Institution and it is a company that has done quite well and is running successfully. The good thing about the Global Forex Institution is that it also caters to people who belong to the lower-income segment. Therefore, it gives these less-privileged groups to aspire for building a successful and flourishing forex trading business. However, the Global Forex Institute of GFI had been put under close watch in 2015 for some suspected fraud and irregularities. He started his forex trading business when he was just twelve. Today GFI offers free training to young people and according to Sandile Shezi, this is a way to give back to society whatever he can. His net worth should be around $30 million (based on his speech in a TV show) and this is again an estimate rather than being fully accurate.

A few takeaways

The above are a few of the many probable success stories as far as Forex trading is concerned. It might make you feel motivated and bring in a sense of belief that you can also replicate the above success stories. However, their success does not mean that each and everyone who gets into forex trading will be successful. The success depends on a number of conditions and factors. However, there is no denying the fact that there are good opportunities to make money trading on foreign currencies. Many people with very humble beginnings have been able to scale new heights of success.

All that is needed is strong determination and ambition with a desire to work as hard as it takes to achieve success. Though you will certainly come across many articles and resources (many of them paid) you must be careful when giving out your hard-earned money. You must try and find out whether what they offer in return byways of e-books and other such things offer any value for money. Most of these are mundane stuff and they have nothing much to offer to you as an ambitious and success-oriented young mind. There are enough resources on the internet that could help you to learn the tricks of the trade all by yourself. It will take some time because every success story has a gestation period attached to it.

Conclusion

Rome was not built in a day and in the same way success stories in forex trading also take time to bear fruit and yield results. The first few years could be that of learning and gaining knowledge and information. You will learn to strew some seeds on the soil. Some might germinate and take root while others may wither and fall by the wayside. Focus on your efforts rather than looking at the failed opportunities. You will for sure see success sooner than later if your hard work, focus, determination and courage continue to remain on a high level for the required amount of time, success will always be yours. Yes it might take some time but you will be able to leave behind a big legacy and your name will be written clearly in the sands of time and it perhaps cannot and will not be erased.

John Templeton Biography

by Fxigor

John Templeton was born in Winchester, Tennessee, in 1912. In order to continue his university level education, he got a scholarship as he was from a poor family, but he was a good student.
He was one of the best students of economics at the Yale University. He graduated in 1934, right in the midst of the Depression. He mastered at the Oxford two years later. When he returned to the USA, he got a working place in a New York based Fenner&Beane company where he was a trainee.

John Templeton was a co-founder of a company that is now known as Templeton, Dobbrow & Vance at the end of the Depression in 1937. Their company became worth about 300 million dollars in a short time and under their management they had 8 mutual funds. John Templeton founded a fund in the Bahamas in 1954. The old company changed the name not long before Templeton sold his share of the company in 1962.

He was known for creating successful funds during his career. In 1992 the Franklin Group bought his funds. Queen Elizabeth II made him a knight, as he was a naturalized British citizen, because of his great achievements.

His John Templeton Foundation is one of the world’s most recognized foundations that donate most of their funds to scientific research.

John Templeton trading style
His methods of investing were by many carved during the time he studied, as it was during the Great Depression.

He was looking to buy stocks of the companies around the world. He saw opportunity to gain profit by acquiring many small companies that were low priced with a good long-term perspective.
He made success with stocks that other investors would bother to research. He found those companies through his connections that would gather at his Lyford Key Club in Bahamas – his home – where he would discuss with them about that sort of companies nobody would want to look at in terms of investing.
He preferred communicating with his friends and other investors at his own terrain, literally his own, in casual atmosphere at his Lyford Key Club, rather than in the Wall Street, where everything was fast and the information were way too formal, which – for him – meant that the information were not accurate. Therefore, he would create an attractive ambience for the people who would gladly discuss matter with him. He saw people as the power for his research.

How Mathematician Jim Simons Learned To Beat The Market

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