Ashley Richards is only 19 years old but he’s already on his way to becoming a millionaire! He has shared how he makes $13,000 a week by working only 2 or 3 hours per day.
The teen from Tenby failed his GCSEs but he just switched his attention to Foreign Exchange Market trading online after teaching himself how to do it.
Ashley discussed how he made his fortune in BBC Wales’ new documentary ‘Young, Welsh and Pretty Minted.’
“I buy a currency at a lesser price and sell it at a higher price, it can all depend on various things like interest rates, bank decisions, Brexit,” he shared.
“I am always looking at trends in the market. I had to teach myself how to do it online. I probably downloaded about 400 eBooks.”
When he discovered he failed his GCSEs, he decided to change his fate by focusing on forex. He taught himself how to trade money online, armed with only his mobile phone and laptop. Ashley also hopes to retire young.
Ashley analyzes the ‘currency pairs,’ catches up with the news and checks the fundamentals before deciding whether to place a trade or not.
“I then leave it to the night time and check the trade,” he said. “The amount of work that I do for the amount of income that I get is outrageous. I don’t think you can match it in any other industry.”
While what he does is lucrative, the young entrepreneur admitted that it also has disadvantages.
“It does get lonely. I work from my office in my house, sleep in my house, watch my TV in my house, so I am constantly indoors. I want to get out and converse with people,” he expressed.
“I work like I am retired. A lot of friends take the mick. I am only young and I am looking at other strands of income. I would like to retire at an early age.”
What’s your take on this? Let us know in the comments section and SHARE this post with your friends and family!
Replaced!