From trading in a tiny room to partnering with Exness Team Pro, Kojo Forex’s story is one of grit, determination, and a relentless pursuit of knowledge. His commitment to empowering others has made him a leading force and inspiration for Ghana’s new generation of traders.
Your technical analysis is very well–regarded. Does this mean you’re team ‘technical’? What are your thoughts on fundamentals?
I’d say I’m about 80% technical, and the remaining 20% focusing on fundamentals. But my approach has evolved over time. Initially, I was a scalper chasing quick profits in short timeframes. Eventually, I realised that sustainable trading requires a broader perspective. That’s when I shifted my focus to day trading and swing trading, concentrating on the four-hour timeframe.
This change in perspective was a game-changer. I discovered that the markets are interconnected across different timeframes. The volatility I once chased on shorter timeframes now informs my analysis of the four-hour chart. It’s like the market speaks the same language, just with varying degrees of detail.
Now, I leverage my day trading knowledge to refine my swing trading entries and exits. While I still keep an eye on the shorter timeframes, I don’t get sucked into the noise anymore. I focus on the bigger picture, the overall trend of the market. It’s a less stressful approach that’s more aligned with my long-term goals.
Are there any financial assets that you favor?
The Pound has always been my go-to asset, I’ve been trading it since day one. My first significant loss was GBPUSD due to a lack of risk management. I was doubling down on a long position while the market was headed south. It took a couple of days to blow the whole account.
That was a wake-up call, a harsh reminder that discipline and sticking to a strategy are crucial in trading. Through this experience, I also realised I needed to delve deeper into the fundamentals and technical aspects of the asset class. Luckily, this was during the Brexit saga, which was ideal for studying and trading it well.
But even after Brexit, I stuck with the pound. My success with it earned me nicknames like “GBP Legend” and “Emperor of the Pound.”
You seem deeply committed to mentoring people who are pursuing trading. What inspires your passion, and what role do you see yourself playing in developing the rising trend of trading in your region?
Trading is becoming popular in Ghana, and I don’t want to be just another trader. I want to be someone who can inspire and guide the next generation. Trading can be a powerful tool for empowerment, but it requires knowledge, discipline, and the right mindset. By mentoring others, I can help them navigate the complexities of the market and develop the skills they need to succeed.
Personally, mentorship is about more than just teaching people how to read charts and place trades. It’s about building real, personal connections with my community. Understanding their struggles, motivations, and dreams.
When I started trading, I never had a mentor, but I was lucky enough to have a group of friends who shared the same passion for trading. We learned together, supported each other, and pushed each other to grow. That experience taught me the value of community and the power of shared knowledge. It’s why I’m so committed to giving back to the trading community in Ghana. I want to be the mentor that I never had, to guide and support others on their journey to financial freedom.
Mentorship is about knowing that I’ve played a part in their growth. I want to inspire and guide people, help them realise their potential, and make a real difference in their lives and communities.
If you could give one piece of advice to someone starting their trading journey now, what would it be?
Before you think about placing a trade, figure out what trading means to you. Are you looking for a side hustle, or do you see this as a potential career path? This distinction is crucial because it will determine the level of commitment and resources you need to invest.
If trading is a side hustle, it’s not that big of a deal; you can experiment, learn, and see what works for you without too much pressure. But if you aim to make trading your main source of income, it’s a whole different ball game. It’s a huge responsibility, and you must be prepared for it. With trading as your full-time job, you have to treat it like a business. It means you’re the CEO, the accountant, the risk manager, all in one. It’s a huge responsibility, and you need to be prepared for that.
That doesn’t mean you can’t transition from a side hustle to a full-time gig. It’s totally doable, but it requires planning and dedication. Start by building a solid foundation of experience, developing your trading strategy, and aiming for consistency.
The key is to be realistic and honest with yourself. Don’t get caught up in the hype of quick riches. Trading takes time, effort, and continuous learning. But if you’re willing to put in the work, it can be an incredibly rewarding path.
