With an estimated net worth of around $5 million (4,790,250,000 Nigerian Naira), Habby Forex is a name that resonates in the Forex trading circles, not just in Nigeria, but globally.
Who is Habby Forex?
Habby Forex (also known as HabbyFx) is a young Nigerian forex trader and entrepreneur who has gained recognition for his success in the forex trading industry. He is the founder and CEO of Habby Forex Trading Academy, which offers both physical and online services to educate and mentor Nigerians to become professional forex traders.
Habby Forex started his forex trading career in 2016 when he was just 17 years old and has since become the first forex trader to make a million US dollars at the age of 20.
He is also the author of the book “The Secret of Financial Freedom,” which aims to help Nigerians achieve financial freedom through forex trading.
Habby Forex has a significant following on social media, with over 100,000 followers on Instagram and a YouTube channel with thousands of subscribers.
To understand the full extent of HabbyFx’s net worth, his success in forex trading has allowed him to purchase luxurious houses. He has shared glimpses of his houses on his social media channels and YouTube videos, showcasing his success and inspiring others to achieve financial freedom through forex trading.
In a YouTube video posted on September 18, 2022, Habby Forex gave a tour of his expensive house in Abuja, Nigeria . The house features a modern design, with spacious rooms, a swimming pool, and a well-manicured lawn.
That said, the measure of a Forex trader’s success is not just in their net worth but also in their influence, ability to educate others, and their contribution to the trading community.
With his forex academy in Nigeria, book, and substantial online presence, Habby Forex seems to be making a positive impact in that regard.
Habby Forex Net Worth in 2024
Habby Forex’s net worth is estimated to be around $5 million as of March 2024. The majority of his wealth has been amassed through his work as a forex trader and entrepreneur.
Top 3 Forex Brokers As Recommended by Habby Forex
One of Habby's best forex brokers is IC Markets, an ECN forex broker with its root in Sydney Australia. Habby quotes tight spreads, low commissions, and fast execution speeds as some of the reasons why he chooses to trade with IC Markets.
For those of you keen on continuous learning, XM Forex doesn't disappoint. With a plethora of webinars, seminars, and video tutorials, there's a wealth of knowledge to tap into. This commitment to education shows that XM Forex is invested in your trading success.
Your funds' safety is paramount. Exness is regulated by top-tier financial authorities. This gives you the confidence that your funds are secure and that the broker operates under strict guidelines
Damilare Ogundare Sources of Income
Habby Forex’s net worth comes from several sources related to his forex trading activities and businesses:
- Forex Trading Profits: Habby Forex is one of the best forex traders in Nigeria. As such, a significant portion of his net worth comes from profits that he makes in the forex market. He claims to have made his first N1 million (around $2,700) at just 18 years old from forex trading.
- Habby Forex Trading Academy: Damilare Ogundare founded the Habby Forex online forex education platform in 2018. The academy claims to have over 10,000 students taking classes on forex trading. The academy charges fees for courses, mentorship programs, and trade signals, contributing to his income.
- Proprietary Trading Firm: Habby Forex is also a co-founder of Consummate Traders, which is one of Africa’s first successful prop firms. The prop firm generates additional income for Damilare Ogundare, and contributes to his overall net worth.
- Endorsements and Partnerships: As one of the most influential forex traders in Nigeria, Habby Forex has partnered with several forex brokers like IC Markets and Pepperstone. He earns a generous commission for new traders that he refers to the forex brokers.
Habby Forex Cars
Habby Forex is known for his love of luxury cars, and he has several high-end vehicles in his collection, which makes us believe that his net worth could even be more.
Habby Forex has bought several cars in the past year, but it is not clear how often he buys a new car Here are some of the cars he has shown off on his social media channels:
- Mercedes-Benz GLE 450 AMG: In a YouTube video posted on November 13, 2022, Habby Forex picked up his brand new Mercedes-Benz GLE 450 AMG, which he said was worth almost $100,000
- Lamborghini Urus: In a YouTube video posted on June 10, 2023, Habby Forex showed off his Lamborghini Urus, which he said cost him 310 million Naira (about $750,000).
- Rolls-Royce Cullinan: In a YouTube video posted on April 29, 2023, Habby Forex gave a tour of his house and showed off his Rolls-Royce Cullinan, which he said was his favorite car.
- Mercedes-Benz GLE 63 AMG: In a YouTube video posted on June 11, 2022, Habby Forex showed off his new Mercedes-Benz GLE 63 AMG, which he said was his fourth car.
- Other cars: Habby Forex has also been seen driving a Range Rover Sport and a Mercedes-Benz S-Class Coupe.
It is clear that Habby Forex has a passion for luxury cars and enjoys sharing his collection with his followers on social media.
Habby Forex Trading Academy
Habby Forex Trading Academy is a legitimate trading institution located in Nigeria that offers mentorship and signals for Forex trading. The academy claims to be the No. 1 forex trading academy in Nigeria and offers a way to learn and earn without investment.
Habby Forex Trading Academy offers both online and physical classes to help students learn about forex trading. The academy has three physical locations in Lagos and Abuja, Nigeria.
The academy offers a comprehensive mentorship program for $400, which includes a fully online video course, beginner to masterclass course, live Zoom sessions, free signals, online live trading session, access to members’ private group, team work schedule, access to previous recorded sessions, and mentorship from any location.
The academy also offers a prop firm challenge after one month. Habby Forex Trading Academy has a YouTube channel and an Instagram account. The academy also offers premium signals with 80-90% accuracy.
Strategies Used by Habby Forex to Achieve His Net Worth
Habby Forex has used various strategies to achieve his net worth, including:
- Forex chart pattern and trendline strategy: Habby Forex has shared his strategy for trading using forex chart patterns and trendlines, which he claims has made him $4,000 in a day.
- Quick profit strategy: In a YouTube video, Habby Forex shared a strategy that helped him make N3,500,000 in just 10 minutes. However, it is important to note that such quick profit strategies may come with high risks.
- Risk management: Habby Forex emphasizes the importance of risk management in forex trading. His trading academy offers a strategy that delivers the best trading opportunities in the financial markets while cutting risk low to maximize profit.
- Consistency and discipline: Habby Forex stresses the importance of consistency and discipline in forex trading. He advises traders to focus on gaining knowledge and passion for forex trading, prove their ability to manage funds and make consistent profits to receive funding, and take risks.
How Long Did it Take Habby Forex to Become Successful in Forex Trading?
it is not clear how long it took HabbyFX to become successful in forex trading. However, here are some general insights on the time it takes to become successful in forex trading:
- Forex trading success takes time: According to an article on Axi, becoming successful in forex trading takes time and effort. It can take a long time until you find your trading edge, but once you identify it, it is worth building on that strength and harnessing it.
- Learning and practice: Successful forex traders have a love of learning new things and constantly improve their trading skills. They also practice their trading strategies and focus on risk management to minimize losses.
- Slow and steady approach: Successful forex traders tackle one or two factors at a time and use a slow and steady approach to become successful. They also set realistic goals and focus on the process rather than the outcome.
Overall, becoming successful in forex trading takes time, effort, and a disciplined approach.
Frequently Asked Questions About HabbyFx
When did Habby Fx Start Trading?
Habby Fx started trading around 2016-2017. Like many other forex traders in Nigeria, Habby Fx encountered a lot of challenges when he first started trading. But through patience and a lot of learning, he overcame the obstacles and became one of the richest forex traders in Africa.
How Much is Habby Forex Net Worth?
Habby Forex’s net worth is estimated to be around 5 million US dollars (as of March 2024). He has made most of his net worth from profits accumulated in the global forex market.
How Old is Habby Forex?
Habby Forex is 23 years old (as of March 2024). He was born on March 18, 2001, in Osun State, Nigeria. Through online forex trading, Habby Forex made his first one million naira (approximately $2,400) at the age of 18.
Conclusion
Habby Forex’s success story in forex trading is an inspiration to many young traders. Here are some key points from his journey to becoming a successful forex trader in Nigeria:
- Habby Forex started his forex trading career in 2016 when he was just 17 years old.
- He learned forex trading through online resources and mentorship from other traders.
- Habby Forex started with no money and had to learn freelancing to earn money to fund his trading account.
- He developed his trading strategy and focused on risk management to minimize losses.
- Habby Forex’s hard work and dedication paid off, and he became the first forex trader to make a million US dollars at the age of 20.
- He founded Habby Forex Trading Academy, which offers both physical and online services to educate and mentor people to become professional traders.
- Habby Forex has a significant following on social media, with over 100,000 followers on Instagram and a YouTube channel with thousands of subscribers.
- He has purchased several high-end luxury cars, including a Lamborghini Urus and a Rolls-Royce Cullinan.
Habby Forex’s success story shows that with hard work, dedication, and a disciplined approach, anyone can achieve success in forex trading.
