21/04/ · A year-old self-taught currency trader who has turned £ into more than £60, in less than a year, believes he is the ‘UK’s youngest Forex trader’. Edward Ricketts, who says Author: Basit Mahmood 20/04/ · Edward Ricketts, 16, of east London, developed a knack for trading after he saw a foreign exchange expert on Instagram boasting of high earnings, flash cars and designer blogger.comted Reading Time: 3 mins Edward ricketts forex. Apr 22, · Edward, from Tottenham, 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. Apr 21, · Edward Ricketts, 16, spent five hours a day watching YouTube videos on how to profit by buying and selling global currencies online. 4
Boy, 16, turns £ into more than £60, in less than a year | Metro News
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 Ricketts 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 edward ricketts forex clothes, college student Edward asked him edward ricketts forex tips - and was told without formal training he'd never succeed.
Proving him wrong, Edward spent hours watching YouTube videos on edward ricketts forex 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, edward ricketts forex, by monitoring the money markets between college classes.
Edward, from Tottenhamedward ricketts forex, North 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 his single dad and siblings to a holiday to America.
I bought it when it was low because I knew it edward ricketts forex rise again. It did and I sold it for a higher value. Edward, 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 last 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 edward ricketts forex 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, 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, edward ricketts forex, by points.
This means Edward was rewarded with £12 back for each point increase - giving him a whopping £3, gain. Edward also makes edward ricketts forex by off-loading currencies he's bought before they drop in value, 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 year 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 edward ricketts forex £14, and despite loses - of up to £10, edward ricketts forex, 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 edward ricketts forex set up his own website, www, edward ricketts forex.
Edward's dad, Oscar, says his son has his full support and he's "proud" of Edward for he achievements so far. 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.
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Edward Ricketts - My Story - 17 Year Old 6 Figure Forex Trader
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18/04/ · / Live. •. Uploaded by Dean on April 18, at pm. Edward Ricketts – My Story | 17 Year Old 6 Figure Forex Trader. Here's a short breakdown of how the come up has been for me over the past year. Hope you guys enjoy it! DON'T FORGET TO LIKE, COMMENT AND SUBSCRIBE - POST NOTIFICATIONS ON. Here’s a short breakdown of how 21/04/ · A year-old self-taught currency trader who has turned £ into more than £60, in less than a year, believes he is the ‘UK’s youngest Forex trader’. Edward Ricketts, who says Author: Basit Mahmood 22/04/ · A year-old self-taught currency trader who has turned £ into more than £60, in less than a year believes he is the “UK’s youngest Forex trader.”. Edward Ricketts was just 16 when Estimated Reading Time: 5 mins
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