Business

LucidFX Founder Momodou Njie: Move Faster and Start Sooner

What challenges have you faced in growing LucidFX?

Personally, I had to learn how to wake up earlier. When you’re trading forex while in the US, you have to either stay up all night or get up very early to hit the best trading times. I’m not a morning person, so that was pretty tough.

For the business, it was a matter of scaling. I didn’t structure the business to handle the 1,300+ students we got in the first year alone. I had to learn a lot as I went and make changes on the fly, but I believe it’s taught me a lot about entrepreneurship.

What’s a motto that you live by?

My personal motto is: do good and good will come to you. When you put good energy out, it flows back. It’s a cycle that keeps building on itself. As far as my company, my slogan is: First you learn, then you remove the “L”. 

If you could start over, what would you do differently?

There was so much I didn’t know when I was first starting out. If I could go back with all the knowledge I now have, I’d start on new projects sooner and work faster. For example, we just launched our funding program, which gives our students the capital they need to start trading. It would’ve been great if I could have started that even sooner so that more people could have access to it.

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