Meet HabbyFX: Richest Forex Trader in Nigeria

Habbyfx, aka Damilare Ogundare, is one of the richest forex traders in Nigeria. At the age of 25, his net worth is around $5 million.

But HabbyFX isn’t just sitting on his fortune. He’s expanding it.

Now, Damilare Ogundare is the CEO and founder of Habby Forex Trading Academy. He trains young traders both online and in Lagos. So he didn’t just become a rich forex trader, but also helped other young stars on his path.

He isn’t limited to forex only. Now he’s getting into real estate and luxury investments. So, now he is building a lifestyle that mirrors his hard-earned success.

However, Damilare Ogundare didn’t become the richest forex trader in Nigeria overnight. Behind this title were sleepless nights spent overanalyzing trading strategies. All those made him what he is today.

So, what did he do differently from other traders? What was his strategy?

Today, we wanna dig that out. Tag alone.

HabbyFX's Trading Journey & Background

Damilare Ogundare was born and raised in Osun State. He didn’t come from a wealthy background or have any financial head start. So, he was curious & figuring out ways to live. After finishing school, HabbyFX tried his hand at a few side hustles. But quickly realized his passion lay in financial markets.

So, he started learning online videos and free platforms like BabyPips and YouTube tutorials.

But guess what? He wouldn’t have his head around within just hours.

He spent hours every day learning how price movements, indicators, and strategies worked. Those early days were full of trial and error.

He used to blow accounts, sleepless nights, and moments of self-doubt. But quitting was never an option for him.

Starting The Trading Journey

The real change began when he joined a Forex Academy.

He used his understanding of trading strategies and market psychology. He later spent countless hours practicing Smart Money Concepts (SMC) independently. That helps him to sharpen his technical analysis and risk management skills.

But he didn’t do it all alone. On this path, Mr. PeakFX has been of great help to him. He became HabbyFX and began to see consistent success in his trades. Mr. Peak taught him the real side of forex. His skills grew significantly, and he was invited to a professional trading floor. Eventually, his guidance made Damilare Ogundare the youngest millionaire today.

HabbyFX's Net Worth & Financial Success

HabbyFX's net worth is around $5 million as of October 2025.

However, his wealth didn’t come overnight. It combines disciplined trading with smart investments. Additionally, his knowledge of building a business is extremely helpful. Altogether, it pushes him to the point he is now.

Although most of his income comes from forex trading.

But besides that, he earns through Habby Forex Academy. He’s also invested in real estate, luxury vehicles, and online courses.

So, his income isn’t from a single source. That’s one of the biggest reasons for his net worth.

HabbyFX's Trading Strategies & Methods

Honestly, it’s impossible to know traders' strategies. Traders won’t even tell you. But after reading Habbyfx's journey & success story, we guessed at how he may have achieved his success.

Smart Money Concepts (SMC)

He studies how institutional traders. The so-called “smart money” moves the market. He makes it work by understanding liquidity zones order blocks, and market structure shifts. That’s why he’s able to catch high-probability entries and avoid retail traps. This strategy enables him to trade with the trend, rather than against it.

That’s why he could easily capitalize on large market moves with better timing.

Supply and Demand Zones

HabbyFX closely monitors supply and demand levels. He identifies where big buyers or sellers are most likely to step in. This helps him predict potential reversals or continuations with greater accuracy.

So, he learns this concept. That’s why he’s able to enter trades with tight stop losses and high reward potential. It reduces risk while maximizing profits.

Risk Management and Psychology

One thing HabbyFX applies to both his own trading and his academy is risk control.

He never risks more than a small percentage of his capital on a single trade. He also places a strong emphasis on trader psychology. It’s imperative to have a mindset. Cause knowing that emotional discipline often separates consistent traders from those who burn out. This mindset keeps him grounded, even during losing streaks.

Price Action Trading

Rather than relying solely on indicators, HabbyFX trusts price action. He is reading the market's raw movement. He studies candlestick formations, momentum shifts, and key breakout levels to make clear, confident decisions.

This approach gives him a clear, uncluttered view of the market. That's why he would react quickly to changing conditions.

So basically, Habby Forex can get rich with the right strategy and fast action. He didn’t sit down for any AI tools to say what to do next. He used his knowledge and took the next steps. That’s why he is unstoppable now.

HabbyFX's Business Empire & Investments

Now, Habby Forex has turned its success into a full-fledged business empire. After years of experience in the forex market, HabbyFX decided to share his knowledge by founding Habby Forex Academy

He wanted to give others what he never had. Today, the academy is packed with young traders learning how to trade smart and stay consistent.

But HabbyFX didn’t stop there. He started using his trading profits to invest and diversify his income. So far, he has built-

• Real Estate.
• Luxury Cars.
• Digital Products & Courses.
• Brand Deals & Collaborations.

Basically, he doesn’t blow profits on trends; he reinvests them. That’s why he keeps growing.

HabbyFX Controversy

He sure is the richest trader, but his whole thing isn’t clean!

On 2 March 2025, HabbyFX found himself in the middle of a serious controversy after an investor named Deekay (@deekay_umar) took to X (formerly Twitter) to accuse him of mishandling funds.

According to Deekay, he had given $111,000 to HabbyFX to trade on his behalf. But the entire investment was lost.

According to the claim, Ogundare allegedly lost a significant portion of the funds in a single trade. This accusation put Habby FX in a negative light. Everyone in the country began to reconsider their intentions.

Deekay also accused HabbyFX of misleading behavior.

He said there was a time HabbyFX posted a screenshot of a withdrawal to prove his trading success. But according to Deekay, that screenshot actually came from his own account. He further alleged that on the very same day, HabbyFX closed a trade that wiped out $62,000 of his funds.

He continued teaching at Habby Forex Academy. He is maintaining his classes and mentorship programs as usual. Though opinions remain divided, his calm and professional response helped him keep much of his community’s trust.

The incident served as a reminder to both traders and investors. So, even the best in the game face challenges, and accountability matters just as much as success.

Lessons from HabbyFX's Success Story.

If there’s one thing to take from HabbyFX’s journey, it’s that success doesn’t come easy and it definitely doesn’t come overnight.

He started from scratch, made mistakes, lost money, and still kept going. His story is a mix of hard lessons, bold risks, and relentless consistency.

Yes, controversies came along the way.

But he faced them instead of running from them. That’s part of what makes his journey real & something to learn from.