10/6/ · I am, as the title describes, a year old trader from Sweden. I trade with pretty small capital. I will try to keep posting in this journal but dont be surprised if I forget. I have studied Forex on and off for about 2 years, and the first year was a terrible experience, due to my deposit in eToro (Do not EVER EVER EVER deposit in eToro, they are 16 Year Old Ditches Girlfriend To Trade Forex . The Story Begins w/ Kane Fernando. by Cam | Jul 28, After releasing an interview with a 15 year old trader a few months ago I opened the floodgates to young traders from around the world So I'm proud as punch to say the I'm learning about forex training from my 16 year old son! Here's The Benefits of Forex Trading: (Told To Me By Tony) Low Entry with as little as $50 Trading is open 24/5 No commissions - only spreads Huge market means that unlimited numbers of people can use this Profit from prices going up or down
Can I be a Forex trader at the age of 16? - Quora
With the money he's made he wants to treat his single dad and siblings to a holiday to America. Meet the year-old currency trader who has turned £ into more than £60, in less than a year - with tips he learned on YouTube. Edward Forex trading for 16 year olds was just 16 when he spotted a Foreign Exchange Market trader boasting on Instagram about how much money he was making. In awe of his flash cars and designer clothes, college student Edward asked him for tips - and was told without formal training he'd never succeed.
Proving him wrong, Edward spent hours watching YouTube videos on how to make money by buying, exchanging and selling global currencies online for a profit. And in eight months he's turned £ - which he made by handing out leaflets in a train station - into £63, by monitoring the money markets between college classes.
Edward, from TottenhamNorth London, believes he is the UK's youngest Forex trader - and says he doesn't know any traders his age who are making serious money. He's so good at Forex trading he now charges more than clients up to £ a time for tips. He's saving his cash for a £30, Mercedes A-Class - when he's old enough to drive - and also wants to treat forex trading for 16 year olds single dad and siblings to a holiday to America.
I bought it when it was low because I knew forex trading for 16 year olds would rise again. It did and I sold it for a higher value. Edward, forex trading for 16 year olds, who is currently studying a business and enterprise course, first came across Forex when he saw a trader - who was double his age - discussing it on Instagram in August In awe of his expensive clothes and fancy cars, the year-old wrote the dealer a private message, asking him for trading tips. In July forex trading for 16 year olds year Edward opened up his very first trading account and deposited £ out of his pocket money - the minimum amount allowed.
He stuck it out for just over a month, giving him £ to reinvest into the Foreign Exchange Market. But before entering anymore trades, Edward took part in free YouTube tutorials to build up his knowledge and confidence in market trends. I started winning at least half of my bets.
He said he learned how to capitalise on changes in values between currencies and when he should "gamble" his hard-earned cash. One of the main techniques Edward uses is called "support and resistance" - where currencies rise and fall in value, making an upwards zig-zag shape. In simple terms, Edward bets between £10 and £20 on currencies to either rise and fall in value over another.
When it does, forex trading for 16 year olds, he receives a value back in points, which translates to pounds - giving him a profit. So, for example, in November last year he bet £12 the Euro would increase in value over the US dollar, and it did, by points.
This means Edward was rewarded with £12 back for each point increase - giving him a whopping £3, gain. Edward also makes money by off-loading currencies he's bought before they drop in value, forex trading for 16 year olds, earning points for each point it drops after he sells.
He bet £10 on gold to drop in value over the US dollar, and watched as it dropped to its lowest point in more than a forex trading for 16 year olds in August Months later, the US dollar rose in value, until there was a 98 point difference between the currency pairing, earning him £1, Despite making thousands each day, he initially kept his antics a secret from his family for fear of how they would react. In December alone, Edward made over £14, and despite loses - of up to £10, at one time - his account shows an overall profit of £63, Edward has bought himself a few treats - including a £ Louis Vuitton wallet, a pair of £ shoes and a £2, gold pendant that spells out Edz.
I never had much money growing up, as a kid. I had to ask my parents for money. Edward said he now only spends around an hour a day entering into trades - during his lunch break or after he's done his homework.
He's also dedicating his time to helping other people make the most of Forex trading and has set up his own website, www. Edward's dad, Oscar, says his son has his full support and he's "proud" of Edward for he achievements so far, forex trading for 16 year olds. He said: "I am aware of the fact he is doing it and I think it's fine if that's what he's interested in doing. It's amazing what he is doing, I am proud of what he has done. getwestlondon Share. By Jack Longstaff. Get FREE email updates for North London Invalid Email Something went wrong, please try again later.
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15 Year Old Forex Trader Reads Chart Like a Pro \u0026 Reveals His \
, time: 10:42Boy, 16, turns £ into more than £60, in less than a year | Metro News
Sixteen year olds are prohibited from making their own trades. Parents should sit down with their teenager and review all potential trades together. This may help prevent submitting incorrect trade or buy orders. Talk about stocks of companies your teen is familiar with or interested in, such as tech or video game stocks 10/6/ · I am, as the title describes, a year old trader from Sweden. I trade with pretty small capital. I will try to keep posting in this journal but dont be surprised if I forget. I have studied Forex on and off for about 2 years, and the first year was a terrible experience, due to my deposit in eToro (Do not EVER EVER EVER deposit in eToro, they are 16 Year Old Ditches Girlfriend To Trade Forex . The Story Begins w/ Kane Fernando. by Cam | Jul 28, After releasing an interview with a 15 year old trader a few months ago I opened the floodgates to young traders from around the world
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