The Most Successful Forex Traders in India
Trader Name | Key Achievement | Trading Strategy | Lessons for Traders |
|---|---|---|---|
Shashikant Sharma | India’s wealthiest FX trader; started at 22 | Belief, perseverance, education | Don't quit; learn from losses |
Pravin Khetan | 18+ years, top educator, 4 books | Volume profile, day trading | Education; simple strategies |
Rakesh Jhunjhunwala | “Big Bull”, billionaire, Rare Enterprises | Fundamental analysis, long-term | Trustworthy mentor, start small |
Raamdeo Agrawal | Motilal Oswal co-founder; Buffett mentee | Corporate analysis, focus | Learn from losses; avoid scams |
Anish Singh Thakur | Booming Bulls Academy founder, 2M+ YouTube | Price action, risk management | Research, work smart |
Atul Shrivastava | Fin Baba founder, multi-strategy | Technical & fundamental blended | Risk management, follow plan |
Mukul Agrawal | Founder of Finowings | Technical and fundamental analysis, focussing on stocks, commodities and options | Technicals, strategy and risk management |
Sunil Singhania | Manages billions of dollars institutionally | Bottom-up fundamental investment approach | Invest in overlooked sectors, and don’t be afraid to go against the consensus. |
Vijay Kedia | Growing his net worth to $150m through trading | Fundamental approach investing in small companies | Look for companies with strong management and excellent products because that will lead to high growth potential |
Shashikant Sharma
Shashikant Sharma became the wealthiest Forex trader in India at 34. His journey began as a 22-year-old and followed the same path most traders can relate to. He browsed the internet and came across an article covering Forex. It intrigued him enough to start his Forex journey.
Shashikant Sharma anchors his Forex strategy on the “if you can believe in something great, then you can achieve something great” ideology, which kept him going amid heavy losses in his early days.
Without support from his family, he focused on learning and exploring various strategies.
On his path to Forex success, he never forgot his religious background. Shashikant Sharma follows the teachings of Lord Rama.
The positive lessons in Shashikant Sharma’s success story:
- Education is paramount.
- Work hard, work smart, and repeat it daily.
- Never quit but learn from your mistakes.
- Trading losses are part of the path to becoming a profitable Forex trader.
- Success requires determination, perseverance, and smart analytical skills.
The cautionary lessons in Shashikant Sharma’s success story:
- Forex trading is a lonely business.
- Friends and family may discourage traders from proceeding.
Today, he gives analysis on his Telegram channel and posts about trading and his life on Instagram.
Top Forex Brokers
Pravin Khetan
Pravin Khetan became a leading figure in India among stock traders. He also ranks among the most published content creators covering investing.
With 18+ years of experience, dating back to 2005, he counts 2008 as his most successful year, with a 400%+ profit during the global financial crisis.
He published four books, and well-known publications like The Times of India, The Economic Times, Forex to Stocks, and the Global Association of Risk Professionals featured him. Pravin Khetan is also a visiting faculty at India’s top colleges, including BITS-Pilani, FMS-Delhi, IMT, IMS, and 20+ other colleges. Since 2011, Pravin Khetan started tutoring international programs such as CFA and FRM.
Pravin has a strong commitment to education, running multiple education courses teaching technical analysis, fundamental analysis, futures and options trading, Forex trading, and commodity trading. Traders can subscribe to his YouTube channel, joining 385K+ subscribers.
He also offers a signal/trade recommendation service for swing trading and longer-term trading.
Pravin is a day trader, and the use of the volume profile indicator is the basis of his trading strategy.
The positive lessons in Pravin Khetan’s success story:
- The first step to successful Forex trading is education.
- Great crises create the next generation of leaders.
- Focuses on simple day trading strategies, never keeping overnight positions.
- Understand the importance of entry and exit levels.
The cautionary lessons in Pravin Khetan’s success story:
- Not all lessons apply to all Forex traders.
Rakesh Jhunjhunwala
Rakesh Jhunjhunwala, nicknamed the “Big Bull of India,” was an Indian billionaire and ranked among the 500 wealthiest individuals globally.
He was known for his stock market predictions and bullish outlooks but was also once investigated for insider trading. After his death, he received the Padma Shri award, the fourth-highest civilian award in India.
His interest in trading began by overhearing a conversation about the stock market between his father and a friend. His father mentored him but never gave him money to invest, and he forbade him to borrow money from friends. Rakesh Jhunjhunwala made his first investment in 1985 while attending college and grew into one of the best-known stock traders in India. He managed his account at Rare Enterprises, an asset management firm he founded.
Indian Prime Minister Modi, following the death of Rakesh Jhunjhunwala, said: “Rakesh Jhunjhunwala was indomitable. Full of life, witty, and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening for the financial world.”
Rakesh’s trading strategy was based upon fundamental analysis and long-term thinking.
The positive lessons in Rakesh Jhunjhunwala’s success story:
- Start at an early age.
- Only rely on a mentor you can trust.
- Never borrow money to invest.
- Start small, invest smart, and grow over time.
The cautionary lessons in Rakesh Jhunjhunwala’s success story:
- Make sure you comply with rules and regulations.
- Nobody is big enough to avoid fines for misconduct or criminal behavior.
Raamdeo Agrawal
Raamdeo Agrawal is a well-known stock trader, billionaire, and influential Indian businessman. He co-authored two books, Corporate Numbers Game and The Art of Wealth Creation, and counts US investor Warren Buffet as his mentor.
He structured his investment approach based on the Oracle of Omaha’s investment philosophy after meeting Warren Buffet following investment losses related to the Harshad Mehta scam. Raamdeo Agrawal carefully studies every investment letter Warren Buffet publishes. Before meeting Buffest, Raamdeo Agrawal held a portfolio with 225 stocks, which he reduced to just 15 stocks afterward.
He began his trading career as a sub-broker in 1987 and made his first fortune during the bull run of the Harshad Mehta scam of the 1990s before losing most of his capital. He rebuilt his wealth following intense education and co-founded Motilal Oswal Financial Services, of which he and his family own 36%. Some of Raamdeo Agrawal’s best-known investments include Hero Honda, Infosys, and Eicher Motors, where he participated as an early investor.
Raamdeo’s trading strategy is based upon corporate analysis, patience, and long-term thinking.
The positive lessons in Raamdeo Agrawal’s success story:
- You can always rebuild your wealth.
- Learn from your losses.
- Focus your capital on a few investments.
- Over-diversification is an unwise investment strategy.
- Know what to look for from an investment and ignore the rest.
The cautionary lessons in Raamdeo Agrawal’s success story:
- Scams can erode your capital.
- Even the best-known investors can fall victim to scams.
Anish Singh Thakur
Anish Singh Thakur belongs to the younger Forex traders on this list. He began trading at 19, focusing on price action strategies and risk management techniques. The Times of India, Hindustan Times, Economic Times, and other well-known publications have featured Anish Singh Thakur after founding the Booming Bulls Academy.
He received the “Millennium Brilliance Award” for the best trainer in the stock market industry, having tutored 27,000+ traders. The Atal Achievement Awards in 2022 recognized his Booming Bulls Academy as the “Most Trusted Stock Market Learning Platform in India.”
The Booming Bulls Academy YouTube channel has 3 million subscribers and almost 2 thousand videos. Anish Singh Thakur offers insightful recommendations and investment strategies. He stresses the importance of working smarter and harder and relying on in-depth research and analysis while ignoring recommendations made by others. The latter part contradicts his service of offering advice, but traders can learn valuable lessons from his overall approach to investing and trading.I like the fact that on his YouTube channel he posts his trades for the week followed by weekly results.
Anish is a stock trader and teaches both short and long-term setups based upon price action.
The positive lessons in Anish Singh Thakur’s success story:
- Conduct in-depth research and analysis.
- Work smarter and harder than the competition.
- Ignore the recommendations of others.
- A business-friendly jurisdiction is crucial for successful traders.
The cautionary lessons in Anish Singh Thakur’s success story:
- His way of trading may not suit traders with a different ideology.
Atul Shrivastava
Atul Shrivastava has 15+ years of experience and founded the Fin Baba YouTube channel, featuring 550K+ subscribers.
He focusses on systematic trading, teaching the skillsets to build algorithmic trading systems.
The positive lessons in Atul Shrivastava’s success story:
- Combine technical and fundamental analysis.
- Learn proper risk management.
- Follow your trading plan.
The cautionary lessons in Atul Shrivastava’s success story:
- Lack of verifiable success outside of India.
Mukul Agrawal
Mukul is one of the more interesting stories on this list because he originally had plans to be a medical doctor, and then a dentist, before deciding, through a recommendation of an uncle, to pursue the stock markets. He has grown his name as an educator, with technical and fundamental analysis courses, a YouTube channel with 1.7 million subscribers and nearly 6,000 videos, over 200,000 Telegram followers, plus he holds a Guiness world record for the Largest Financial Investment lesson.
The positive lessons in Mukul Agrawal’s success story:
- It’s possible to enter the markets from an entirely unrelated field
- He emphasizes reward/risk ratios
- He doesn’t need to watch the market all day
The cautionary lessons in Mukul Agrawal’s success story:
- Some may find his training courses costly
Sunil Singhania
Sunil Singhania is a highly respected professional asset manager, with a team of nearly 100 individuals in his asset management firm, Abakkus, managing $4.5 billion as at June 30, 2025. Prior to Abakkus, he was Chief Investment Officer of Equities of Reliance Nippon, overseeing $11 billion. Abakkus specializes in listed Indian equities, and has strict adherence to processes, frameworks and discipline.
The positive lessons in Sunil Singhania’s success story:
- Opportunistic: Great flexibility in investing into new sectors, new themes which are backed by the entrepreneur-driven economy.
- Team-based approach of well-qualified dedicated professionals
- His team is willing to take positions against the public consensus
- Bottom-up investment approach which emphasises patience and discipline
The cautionary lessons in Sunil Singhania’s success story:
- His returns can be affected by macroeconomic considerations, e.g., tariffs
Vijay Kedia
Vijay started trading young, at the age of 19, and started Keida Securities in 1992, at the age of 33. A key example of his success was in his 40s, when in 2004 and 2005, he invested in three companies whose stocks rose more than 100 times over the next decade. Today, his net worth is approximately $150 million. Typically, he holds about 15 stocks at any one time, and has remained 100% invested (i.e., no cash) for the past 30 years. He uses the SMILE principle to invest: Small in size, Medium in experience, Large in aspiration and Extra-large in market potential.
The positive lessons in Vijay Kedia’s success story:
- Find companies with excellent and honest management, with products that can grow and outperform its peers and the economy
- Invest in those companies for the next 10-15 years
- While luck plays a big part in stock market investments, knowledge, courage and patience are his cornerstones.
The cautionary lessons in Vijay Kedia’s success story:
- His approach requires long-term thinking.
How to Become a Successful Forex Trader in India
Below are tips on becoming a successful Forex trader in India, which can shorten your learning curve.
How to join the ranks of the most successful Forex traders in India?
- Education
- Discipline
- Patience
- Flexibility
- Risk management.
- Follow your path.
- Trade a strategy suitable to your personality.
- Ignore the recommendations of others.
- Learn from your mistakes.
Bottom Line
The most successful Forex traders in India share similarities, which beginners can use as an inspiration, but they have also plotted their own course, which is important. It is also necessary to use one of the best Forex brokers in India if you want to trade Forex successfully.
