Home » ZA » Ref Wayne

Ref Wayne

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Refiloe Nkele, popularly known as Ref Wayne, is a South African author, entrepreneur, and forex guru who started trading at 16. 

He made his first million at the age of 19 and his first billion 3 years after. He is the founder of pipcoin, the first virtual currency in Africa, in 2016. He developed an interest in forex and cryptocurrencies when he was in high school. He dropped out of school to follow his passions. 

Not long after that, he met Mr. David Schwartz, who was a forex trading expert. He started to mentor him in his new path, he dedicated so much time to trading since he understood the benefits of trading the market, and at 16 years, he already made his first million.

He has published two books, namely ‘the art of trading’ and ‘top-down analysis.’ Also, He makes several webinars and live sessions to reach people about the importance of trading forex and guide the ones related to forex.

Ref Wayne founded the AfricannForex Insititute in 2013 to spread the awareness of cryptocurrency in South Africa. He also launched a digital currency called pip coin, which could be seen as contributing to cryptocurrency in Africa. He also created a trading robot that he named Armageddon. 

Ref Wayne’s Tip for Forex Beginners

He believes that the forex market is a domain of wonders. The market is vast and highly profitable, but it needs a lot of experience. It is quite normal for a beginner to be intimidated, but it has to be approached rightly. 

He says that losses are unpleasant but are part of the game since currency trading isn’t about making profit every day but making more profit than losses. He believes that consistent profit could be attained by following the right plan.

Some of his tips include:

#1 Have an impeccable plan

The trading strategies that traders use have to be on-point. If a novice trader is only pushed by the desire to make money, he will not make the right strategy, and he tends to over-trade. A new trader should spend time to have a strong plan because it is through that he will know much has to be achieved, how it should be achieved, and the problems such will come with. 

#2 Different approaches and techniques

Against what many fore teachers say, Ref Wayne believes that traders should be free. You should learn to be flexible and be free to trade on any timeframe using different strategies and currency pairs. He discourages forex traders from trying to use the same technique every time. He advises beginners to learn different techniques with a demo account before trying them on a live account. 

#3 Keeping expectations and risks minimal 

He also advises traders to keep their expectations small and real. According to him, small trades help test the strength of strategies, and trying to make a million-dollar overnight isn’t going to work out. 

He believes that traders should not risk too little and should not risk too much. A trader should dream big but also dream real and know when to draw the line.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
You may also be interested in reading

Fact checked

ForexToStocks is committed to delivering content that adheres to the highest editorial standards in terms of accuracy, sourcing and objective analysis. 

Every article is written by topic experts with relevant academic credentials in the field of business, accounting and finance – including actual trading experience or someone who is a practitioner in the financial market. 

Before going live, each article is thoroughly reviewed and fact checked by a qualified member of the editorial team. 

Furthermore, we have a zero-tolerance policy regarding any level of plagiarism or malicious intent from our writers and contributors.

ForexToStocks articles adhere to the followings standards: 

  1. All referenced links must be from reputable websites and sources.
  2. All quotes, studies, data and significant claims must be referenced to its original sources.
  3. All commentary must maintain a high level of objectivity and provide balanced views.
  4. Content should avoid making claims or recommendations that would put readers financial well-being at risk. 
  5. Any potential conflict of interest must be clearly indicated and disclosed to readers. 

We are aware that our editorial process is not perfect, and we are constantly improving our editorial quality through readers feedback and internal review.  

Our #1 Top rated Forex Trading Platform