YouTube teen turns £150 into £61,000
A TEENAGER has turned £150 into more than £60,000 in a few months by playing the money markets – using tips he learned on YouTube.
Edward Ricketts, 16, developed a knack for trading after he saw a foreign exchange expert on Instagram boasting of high earnings, flash cars and designer clothes.
The business studies student asked him for advice and was told he would not succeed without formal training. To prove him wrong, Edward spent up to five hours a day watching YouTube videos on how to make money buying and selling global currencies online.
In only eight months, he has turned his £150 savings into £61,000 by monitoring the money markets. Edward – thought to be the UK’s youngest foreign exchange trader – now has 100 clients willing to pay £155 a time for his tips.
To celebrate his success, he plans to buy a £30,000 Mercedes A-class when he is old enough to drive. He also wants to treat his family to a holiday in America.
Edward, from Walthamstow, East London, initially kept his deals a secret from his family for fear of how they would react, but eventually revealed his success.
‘To begin with my dad wasn’t happy at all,’ he said. ‘He’s fine with it now.’
The student has bought a £350 Louis Vuitton wallet and a pair of £800 shoes but sees himself as a saver, saying: ‘I want to go into property investment when I’m older.’