5 of The Best & Most Popular Forex Traders in Dubai and UAE

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Dubai and the UAE have emerged as major financial hubs in the Middle East, attracting traders and investors from around the globe. The region’s business-friendly environment, robust financial infrastructure, and strong regulatory environment make it an attractive destination for forex traders. The regulatory framework in the region involves a variety of organisations including the DFSA in Dubai and the SCA and CBUAE in the UAE. In Dubai specifically, traders have access to some of the best DFSA-regulated forex brokers to trade with.

Despite this, the forex market remains a complex sector with a lot of risks. However, a select few individuals have risen to prominence in Dubai and the UAE. These traders have earned the recognition of many people in Dubai and the UAE for sharing their lifestyles and strategies in trading. In this article, we highlight 5 of the most popular forex traders in Dubai and the UAE to see what other traders can learn from them.

Disclaimer About Our Selections

Before we list the traders on our list, we would first like to make two things clear. First, being a popular trader in any region does not mean you are the most successful. Simply because a trader is popular does not mean you have to follow any of their moves or buy any products from them. In the case of forex trading, popularity is not a guarantee of success.

Moreover, the forex market involves a lot of risks. Most traders who participate in this market end up losing money. The success stories of some individuals should only serve as inspiration and not a guarantee for anyone else’s future success. Thorough research, a well-defined strategy, and robust risk management are paramount for anyone wishing to participate in trading. 

5 of the Best & Most Popular Forex Traders in Dubai and UAE

Umar Ashraf

Umar Ashraf is a well-known forex trader, entrepreneur, and social media influencer in the trading community. He claims to have been day trading for over 11 years now. Notably, he is the Founder of Tradezella, a popular trading journal that helps traders keep track of their trading history. Additionally, it allows investors to backtest their strategies against historical data.

Umar Ashraf’s trading strategy primarily revolves around technical analysis and focuses on identifying high-probability trade opportunities. He carefully studies price action, key levels, and market trends. Umar also highlights the necessity of strict risk management rules, including position sizing and stop-loss placement. He emphasises to traders that they do not have to trade every day and that it is healthy to take regular breaks from trading.

Further, Umar is popular for his efforts to educate aspiring traders. With a significant following on platforms like YouTube, Instagram, and Twitter, Umar frequently shares trading tips, chart breakdowns, and motivational content to inspire others. His emphasis on risk management, psychology, and disciplined trading has made him a respected figure among traders.

Malaikah Raja

Malaikah Raja is a rising name in the forex trading community. She is known for her analytical trading style and commitment to empowering aspiring traders, particularly women, in the financial markets. Malaikah has gained recognition as a skilled trader, mentor, and educator, with a focus on fostering financial independence through trading.

Malaikah’s trading strategy combines technical and fundamental analysis. She focuses on market trends, price action, and economic events to identify profitable opportunities. Her disciplined approach emphasizes risk management, including proper position sizing and the use of stop-loss orders to protect capital. She encourages traders to approach the markets with patience and adaptability.

Malaikah is active on social media platforms, where she shares educational content, market insights, and motivational advice to inspire others. As an advocate for inclusivity in trading, she actively promotes diversity within the industry. She encourages individuals from all backgrounds to embrace financial literacy.

Nathan Nolan

Nathan Nolan is a prominent forex trader and financial educator known for his strategic trading methods and dedication to helping others succeed in the markets. With years of experience in the forex industry, Nathan has built a reputation for his disciplined approach to trading. His ability to simplify complex market concepts has made him popular among aspiring traders.

Nathan’s trading strategy focuses on technical analysis, particularly on identifying key support and resistance levels, price patterns, and trend dynamics. He is also a strong advocate of risk management. Particularly, he emphasises the importance of proper position sizing, the use of stop-loss orders, and the importance of maintaining emotional discipline in trading.

Beyond his trading success, Nathan is widely recognised as an educator and mentor. He has a Telegram Group called FX Culture with over 95,000 members. Here, he shares valuable insights, strategies, and motivational advice. 

Fuaadhh

Fuaadhh is a Dubai-based forex trader who has gained recognition for his dedication to empowering traders in the Middle East and beyond. Known for his disciplined trading style and in-depth market analysis, Fuaadhh focuses on helping aspiring traders build sustainable strategies and achieve financial independence.

Fuaadhh’s strategy combines risk management principles with technical analysis. He emphasises the use of effective position sizing and stop-loss usage, to minimise risk and protect capital. As an advocate for financial literacy, Fuaadh actively shares his knowledge through seminars, online platforms, and social media. Here, he provides market insights, trading tips, and motivational content.

Chohaib

Chohaib is a prominent Dubai-based Forex trader known for his remarkable success in the financial markets. With a strong background in finance and years of hands-on experience, Chohaib has built a reputation for his strategic approach to trading. He is known for his influence within the global trading community. Chohaib is deeply committed to education and mentoring, often sharing his strategies and knowledge through social media platforms. His contributions have inspired many aspiring traders, earning him recognition as one of the region’s leading figures in forex trading.

Chohaib’s trading strategy is rooted in a disciplined and analytical approach. He blends technical analysis with a keen understanding of market sentiment. He relies heavily on price action trading, studying price movements and candlestick patterns to identify trends and potential reversals. A key element of Chohaib’s success is his psychological discipline. He strictly follows his trading plan, avoiding impulsive decisions.

Top Traders in Dubai and UAE on Etoro

eToro, the world’s leading copy trading platform, boasts a substantial number of top traders based in the UAE, particularly Dubai. Below are the statistics of some of the best-performing traders in the UAE on eToro.

Top 3 Traders in UAE on eToro:

    JeppeKirkBonde: +29.07% profit, risk score 4, 34,692 copiers, 205 trades, 76.92% profitable months.
    triangulacapital: +26.08% profit, risk score 4, 10,246 copiers, 830 trades, 61.54% profitable months.
    Azarudeen17: +51.27% profit, risk score 5, 272 copiers, 682 trades, 76.92% profitable months.

     

    Tips for Aspiring Forex Traders in Dubai and UAE

    • Start with Education – Invest time in learning the fundamentals of forex trading, including technical and fundamental analysis.
    • Practice on a Demo Account – Gain experience without risking real money by using a demo trading account.
    • Choose a Regulated Broker – Ensure your broker is licensed by the DFSA, the SCA, or other reputable regulatory bodies to ensure a safe trading experience.
    • Develop a Trading Plan – Define your trading goals, entry and exit strategies, and risk management rules.
    • Risk Management – When trading, implement robust risk management techniques, such as stop-loss orders and position sizing to protect your capital.
    • Stay Updated – Follow economic news, central bank announcements, and geopolitical events that impact currency markets.

    Conclusion

    Dubai and the UAE offer a fertile ground for forex traders, with a supportive regulatory framework and access to global markets. The success stories of these traders demonstrate that with determination, education, and strategic planning, it is possible to achieve significant milestones in the forex trading world. 

    While specific details about individual wealth are unavailable, the common characteristics and strategies of popular traders are great inspirations. However, aspiring traders must approach the market with caution. They should focus on educating themselves and emphasise risk management. Remember, every trader’s journey is unique, and consistent effort is the key to long-term success.

    The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.

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