Teenager Makes Up To £10,000 A Week Working Just Two Hours A Day
Ashley Richards, 19, failed his GCSEs but managed to channel his energy into Foreign Exchange Market (also known as Forex) trading on the internet, having taught himself how to do so after downloading hundreds of eBooks.
The teen, from Tenby, is featured in BBC Wales' new documentary Young, Welsh and Pretty Minted where he discusses how he managed to make his fortune from nothing.
Explaining what he does for a living, Ashley said in the show: "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.
"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."
On the day he found out he hadn't passed his GCSEs, Ashley decided to turn his fate around.
Admitting he's not academic by nature, he took a different route and taught himself how to trade money on the internet, armed with just a laptop and mobile phone.
Now he's able to fund his love of designer goods, including a £120,000 ($156,000) car and expensive watches, with hopes to retire young.
According to WalesOnline, he's even been known to make a whopping £2,000 ($2,600) in just 30 seconds.
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An average day for Ashley involves waking up and analysing the 'currency pairs', checking the fundamentals, catching up with the news and decided whether or not to place a trade.
Some days he'll work just two-to-three hours a day, while other times he'll find himself sat in front of the computer for up to 12 hours.
Ashley continued: "I then leave it to the night time and check the trade.
"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."
The young entrepreneur admitted that while his work is lucrative, it does have its lows.
He said: "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.
"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."
As for what other young people need to think about if they want to follow in his footsteps, Ashley said it's important to 'get your head onto it' and learn as much as you can.
He added: "It's tricky to understand at the start but out of all the ways to make money online - I tried everything - but I found it the easiest to get my head around."
Watch Young, Welsh and Pretty Minted on BBC iPlayer now.
Featured Image Credit: Instagram/Ashley Richards
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