• Tuesday, May 21, 2024
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Simplifying forex trading remains key to attracting GenZs – Lamidi

Sikira Lamidi, founder of KiraForex Trading Academy

Sikira Lamidi, also known as KiraForex, is the founder of KiraForex Trading Academy, which serves as a hub for aspiring traders, providing extensive education and mentorship programmes. In this interview, she recounts her passion for fostering financial independence and empowering individuals to navigate the complexities of the trading world. Excerpts by SEYI JOHN SALAU

Your entrepreneurship journey in the last 10 years has seen you touch on so many sectors of the economy including forex trading. Why this transition to forex trading?

The transition to forex trading was a natural evolution for me. You see, I’ve always been fascinated by the dynamic nature of the financial markets and the endless opportunities they present. Before delving into forex trading, I explored various business ventures, but none offered the same level of excitement, challenge, and potential for growth as forex trading. Forex trading allows me to combine my passion for finance with my innate entrepreneurial spirit. It’s a field where one can truly thrive by staying informed, being adaptable, and continuously honing one’s skills. Moreover, the forex market operates around the clock, providing unparalleled flexibility and freedom, which align perfectly with my lifestyle and aspirations. But perhaps, above all, the transition to forex trading was driven by a desire to empower others. I recognized early on the transformative potential of forex trading in people’s lives, especially in terms of financial independence and wealth accumulation. My journey in this industry has been incredibly rewarding, not just for me personally, but also for the thousands of individuals I’ve had the privilege to mentor and inspire along the way.

What is the motivating factor behind your business trajectory as an entrepreneur?

Indeed, wearing multiple hats in the forex industry has been both challenging and immensely fulfilling. The motivating factor behind taking on these diverse roles stems from my core belief in the power of knowledge sharing and community building. The motivating factor behind these roles is my passion for empowering others and making a positive impact in the forex trading community. I believe that by sharing my knowledge and experiences, I can help aspiring traders navigate the complexities of the market and achieve success. Handling these roles simultaneously requires effective time management, delegation, and prioritization. I leverage technology, delegate tasks where necessary, and maintain a strict schedule to ensure that I can fulfill my responsibilities effectively in each role.

As an entrepreneur with diverse business interests; what would you say shape your business acumen?

My diverse business interests have been shaped by a combination of experiences, including: hands-on involvement. Actively participating in various business ventures has provided me with practical insights into different industries and markets. Also, market volatility in managing investments in foreign exchange markets has taught me the importance of risk management and staying agile in response to market fluctuations. Engaging in real estate developments has honed my negotiation skills and deepened my understanding of property markets and investment opportunities. While overseeing logistics operations has instilled in me a keen sense of efficiency, organization, and attention to detail. Similarly, exploring fintech solutions has exposed me to cutting-edge technologies and disruptive trends reshaping the financial landscape. Each of these experiences has contributed to my overall business acumen, equipping me with the knowledge, skills, and adaptability needed to thrive in an ever-changing business environment.

You seem to have your hands in many sectors, why is that so?

My approach to contributing to economic growth and resilience in various sectors has been achieved through diversification; investing in multiple sectors ensures a balanced portfolio and reduces exposure to sector-specific risks. Embracing innovation and adopting new technologies has allowed me to stay ahead of the curve and capitalize on emerging opportunities. Also, collaborating with like-minded individuals and organizations has enabled me to leverage collective expertise and resources for mutual benefit. Actively engaging with local communities and supporting initiatives that promote economic empowerment and sustainability. Staying informed through continuous learning about market trends, regulatory changes, and global developments enable me to make informed decisions and adapt to evolving circumstances. By adopting a comprehensive approach that combines diversification, innovation, strategic partnerships, community engagement, and continuous learning; I aim to contribute positively to economic growth and resilience across various sectors.

What would you say set you apart as a businesswoman in the global economy?

What sets me apart in understanding the global economy is a combination of factors: Diverse Perspectives: My extensive travels and interactions with traders from diverse backgrounds have given me a broad perspective on global economic trends and their impact on financial markets. Continuous Education: I place a strong emphasis on staying informed through continuous education, whether it’s through formal studies, attending conferences, or engaging with industry experts. Data Analysis: I have developed strong analytical skills, allowing me to interpret economic data effectively and make informed predictions about market movements. Adaptability: The global economy is constantly evolving, and I pride myself on my ability to adapt quickly to changing circumstances and identify new opportunities for growth. Risk Management: Understanding the interconnectedness of global markets and implementing robust risk management strategies is crucial in navigating the complexities of the global economy. By combining these factors, I have been able to develop a deep understanding of the global economy, enabling me to make informed decisions and stay ahead of the curve in the ever-changing world of finance.

In 2022, you established The Kira Foundation; why go the NGO route?

Establishing The Kira Foundation was a natural extension of my commitment to societal betterment and empowering individuals. While my work in the forex industry has allowed me to create opportunities for financial empowerment, I recognized the need to address broader social issues and contribute to sustainable development in Ghana and across Africa. As a responsible corporate citizen, I believe it is essential to give back to the communities that have supported my journey and contributed to my success. The Kira Foundation enables me to engage with local stakeholders, collaborate with other organizations, and mobilize collective action towards shared goals. Ultimately, having an NGO allows me to leverage my platform and resources to address systemic issues, drive positive change, and create a legacy of impact that extends beyond the space of forex trading. It’s my way of making a meaningful difference and leaving a lasting legacy of empowerment and prosperity for future generations.

You were recently recognised by Trading.Live as the most influential trader; what can you say about that?

I believe Trading.Live recognized my outstanding services and influence as the most influential trader due to several factors: Consistent Performance: My track record of success and profitability in forex trading. Mentorship and Education: My dedication to mentoring and educating aspiring traders, empowering them to succeed in the market. Industry Leadership: My active involvement in organizing seminars, conferences, and webinars to share knowledge and insights with the trading community. Community Impact: My efforts to give back to the community through initiatives like The Kira Foundation, which aims to uplift and empower individuals across Ghana and Africa. Overall, I believe Trading.Live acknowledged my contributions to the industry and my commitment to fostering a supportive and inclusive trading environment.

How does it feel to be the most influential Ghanaian female forex trader?

It’s truly humbling and fulfilling to be recognized as the most influential Ghanaian female forex trader. It’s a testament to the hard work, dedication, and passion I’ve poured into my career over the years. More importantly, it’s an opportunity to inspire and empower other women to pursue their dreams in the forex industry and beyond. I see it as a responsibility to use my influence for positive change and to foster a more inclusive and diverse trading community.

Finally, what’s next for you after your 40Under40 awards?

After receiving the 40Under40 awards, my focus remains on continuing to make a positive impact in the forex trading industry and beyond. Some of my next steps may include: Expanding Educational Initiatives: I aim to further expand the reach and impact of KiraForex Trading Academy, offering more comprehensive educational programs and mentorship opportunities for aspiring traders. Scaling Social Impact: I will continue to grow and diversify The Kira Foundation’s initiatives, with a focus on addressing pressing social issues and empowering marginalized communities across Ghana and Africa. Enhancing Industry Leadership: I strive to maintain my position as a thought leader in the forex trading industry by staying abreast of market trends, sharing insights through publications and speaking engagements, and fostering collaboration within the trading community. Personal Growth and Development: I remain committed to my own growth and development as a trader, mentor, and leader. This may involve further education, skill-building, and networking to stay at the forefront of industry innovation. Overall, my journey doesn’t end with the 40Under40 awards; it serves as a milestone in my ongoing commitment to excellence, impact, and continuous improvement.