Mentor Spotlight: Ebenezer Ayooluwabamidele Dada (DABET) - Risk Management Specialist & Mentor at Firepips Forex Academy
Author
Olumide
Estimated read time
5 mins
Posted on
September 10, 2025

At Firepips, our mentors are more than teachers, they are living examples of discipline, resilience, and passion in trading. In this edition of our Mentor Spotlight Series, we feature Ebenezer Ayooluwabamidele Dada, popularly known as DABET, whose journey into Forex has been defined by determination, growth, and a deep commitment to helping others succeed.


The Journey


Dabet began his Forex trading journey in 2019 while studying Animal Science as an undergraduate. At the time, a prolonged strike had halted academic activities, giving him the space to explore new opportunities.


"Forex trading looked so promising to me; it felt like I had just discovered the Holy Grail," he recalls with a laugh.


Introduced to the basics by his Spiritual Oversight, he quickly became captivated. Countless late nights were spent studying market conditions, learning, and practicing. What started as curiosity soon grew into a true passion.


Overcoming Challenges


Like many traders, Dabet encountered obstacles along the way. The biggest one? The fear of losing.


"This fear held me down for years because, at the end of it, I still ended up losing. I allowed my emotions to control me instead of trusting my analysis."


His turning point came when he decided to let his analysis, not emotions, guide him. He also adopted a vital principle: never trade with money that would be painful to lose. This mindset shift helped him gain stability and confidence in the markets.


Experience and Expertise


Now with 6 years of trading experience (including breaks), Dabet has refined his greatest area of expertise - Risk Management.


"Nah person wey get balance dey come back to trade the next day," he says, emphasizing the importance of protecting capital above all else.


This philosophy has shaped both his personal success and his mentorship approach at Firepips.


Achievements


From making his first million naira to scaling into tens of millions across Forex and Crypto, Dabet has experienced remarkable financial growth. Yet, for him, true achievement is measured differently:


"Seeing those I’ve taught doing well, sharing their results, showing resilience, and living in financial freedom is still my greatest achievement."


His impact on students’ lives continues to be a source of pride and motivation.


Role at Firepips Forex Academy


At Firepips, Dabet plays a vital role in shaping traders beyond theory.

"We teach and live the life of a Trader with Passion. That life is built on discipline, consistency, and tenacity; principles that apply to every area of life. This is what makes our mentorship unique."


His mentorship emphasizes practical, real-life trading and risk management mastery, ensuring that students gain not just knowledge, but the mindset required to succeed.


Words of Advice


For aspiring and active traders, Dabet offers timeless wisdom:


"You’re not in competition with anyone in the Forex space. The only person you’re in competition with is yourself. Your journey may take months while others take years; it doesn’t matter. What matters is reaching the end goal: profitability." - Dabet


Learn Directly from DABET at Firepips Forex Academy


We are proud to have Dabet as part of our team of mentors at Firepips Forex Academy. His journey, resilience, and risk management expertise inspire traders across Nigeria and beyond.


Whether you’re in Lekki, Ikeja, Asaba, or Kano (launching October 2025), you can learn directly from mentors like DABET, Jeffrey Benson, and Reggy, who are committed to building profitable and disciplined traders.

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