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Meet Momodou Njie, Founder of LucidFX

Momo graduated with a biomedical engineering degree at the age of 22. While working towards his degree, he started to learn forex as a way of gaining extra income. In just a few weeks, he started consistently winning trades and grew a profitable account after only a few months. He eventually developed his own forex trading system based on everything he learned. Now, he is living life on his own terms while teaching and sharing his knowledge of forex with others.

What makes LucidFX stand out?

We have a simple, yet powerful strategy. Our courses are designed to help new traders understand the basics one step at a time, with plenty of extra resources including weekly sessions, 1 on 1 sessions, private discussion groups, and more. It’s a complete one-stop shop for learning forex.

What drew you to entrepreneurship?

I was going to school for biomedical engineering when a friend introduced me to trading forex. When I realized I could really make a profit from trading, I went into trading full-time after I graduated. I love the freedom and unlimited potential. There’s no salary cap for entrepreneurship, unlike a 9-to-5 job. I’ll always be able to keep expanding so long as I’m willing to work for it.

What was one challenge you had to overcome to be successful at trading forex?

When you trade in the US, the best times are either in the middle of the night or very early in the morning. I’m not a morning person, so waking up that early was a huge challenge. I had to take it in steps, waking up at 8 AM, then 7:30 AM, and so on until I was getting up at 6 AM. There are obviously a lot of larger challenges when it comes to running a business, but this was one of the biggest personal challenges I had to deal with.

What have you sacrificed to get to where you are today?

Time with others. If you’re only a trader, you can be pretty flexible. But when you’re a trader who runs a business and teaches people, it’s different. I’ve had to give up time with my siblings, mom, and friends to focus on the business. I try to keep a good balance, but it can be tough.

How do you define success?

Success is the ability to not only support yourself, but to positively impact the lives of others. I don’t mean just giving to charity. I mean fundamentally changing lives in ways that will last for generations. It’s changing how people act, their lifestyles, their opportunities. While all forms of giving are important, I want to create permanent, large-scale change. That’s my idea of success.

What do you plan to do with the money you earn?

I want to take what I earn and use it to grow places with fewer opportunities. For example, I’m from Gambia. I’d love for Gambia to be a thriving hub, with technology and access to ample resources. To help places like Gambia, I’d start by giving money to support people’s basic needs. If they don’t have food, they won’t be interested in how to trade forex. Once they have stability, hopefully they’ll be able to devote more time to other areas of their lives. That’s what I’d love to do with what I earn.

What exciting developments are happening at LucidFX?

We just launched our funding program, which I’m thrilled about. I have a lot of other ideas, like building out more one-on-one opportunities or bootcamps. I’d like to host meetups with my students at some point. Mostly, I want to find more ways of helping my students achieve their goals and thrive in forex trading.

Follow Momo on Instagram and Twitter

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