Schoolboy from the US earned on the "Forex" 72 million dollars

Schoolboy from the New York Queens Mohammed Islam for 17 years earned the games on the foreign exchange market "Forex" 72 million dollars. The boy and his two friends are going to gain 1 billion over the next year.

Teenagers are also going to open your own hedge fund.

"Mo [Mohammed] - Maestro" - said his friends told reporters.

The young man, by his own admission, became interested in bids at the age of nine years.

Subsequently, he was inspired billionaire investor Paul Tudor Jones, now occupies, according to Forbes, the 108-th place in the list of richest US citizens.

Most of the profits earned Mohammed during school meals, going to the brizhevye sites.

Recently, the student got his own automobiles BMW, which he has led has no right age restrictions.

In addition, on Sunday the young man announced his intention to meet with the trader who allegedly provide $ 150 million for the development of its future hedge fund.

"If the money is not flowing, and business is not developed, there will be no innovation, product, investment, economic growth and jobs," - said Islam in an interview with New York Post.

Journalists dubbed the trio of friends "wolves of Wall Street."

"Own boss"

The foreign exchange market "Forex" is one of the most popular ways to make money for the players on the stock exchange.

The market is also used for financial transactions.

Islam and friends

Friends are increasingly called Islam (pictured - in the center), "the maestro"

In November, the US Commission on Commodity Futures Trading fined Citigroup, HSBC, JPMorgan Chase, Royal Bank of Scotland and Swiss UBS for $ 1.4 billion for the manipulation of the "Forex". British financial regulator in turn fined the same bank of $ 1.7 billion.

A number of players on the stock exchange using the program terminal MetaTrader.

Blogger BBC Russian Service Sergei Graponov having the experience of playing at the stock exchange, the previously tested the system.

"The main advantage of online traders - independent (own boss!), Turns into a weakness. At the crucial moment when you need a cold-blooded execution of the plan," included the chief, "and all the emotions on making adjustments," - he described his difficulties Samarets. Overestimated their strength, in his opinion, very easily.

According to forecasts of the bank UBS, the Forex market will grow to a daily turnover of $ 10 trillion by 2020.

When the market was started in the mid-1970s, when he was only 5 billion dollars a day.