Sandile Shezi spent years living in the street. He admits he made some risky decisions.
When friends gave him tuition fees for the year, he took the entire amount and started trading online.
“You cant just open a laptop and start trading,” Shezi said in a CCTV interview. But that’s basically what he did.
The foreign exchange market is the biggest financial market in the world, CCTV reports. At least 4 trillion dollars are traded each day on currency markets known for volatility and high risk. Most of the trading is done by banks and big corporations, according to CCTV.
At 23, this young South African trader has successfully learned to trade currencies. He’s South Africa’s youngest self-made millionaire. Now he’s showing other young South Africans how to trade.
Shezi is the founder and CEO of Global Forex Institute. “It’s about grooming people and making them understand when is the right time to buy, when is the right time to sell and how do you go about avoiding losing your capital,” he said. “We want to make sure the masses know about trading.”
Shezi offers free classes for beginners.
