23-Year-Old College Dropout Makes His First £1,000,000 by Trading

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23-Year-Old College Dropout Makes His First £1,000,000 by Trading


College dropout Luke Blackburn, 23, was told “he would never amount to anything” after he stopped studying six years ago, states Jane Wharton of the UK’s highest-circulating newspaper Metro. He was also told that he would struggle to find work with his four GCSEs (General Certificate of Secondary Education). Now, Blackburn is a millionaire, owning three houses and enjoying a lavish lifestyle. 

He became a millionaire after “amassing a fortune trading on the foreign exchange market.” Blackburn was an intern at an IT firm and became knowledgeable about Forex trading on YouTube. While working full time, he took out a £1,000 ($1,222) loan and started trading. At that time, Blackburn’s goal was to earn “a few extra hundred pounds” each month “to supplement his salary.” His trading venture went well and found himself earning extra cash by sharing tips with people. 


Photo Credit: Caters (via Metro)


Now enjoying fast cars, high-priced watches, and six foreign holidays every year, Blackburn states, “I’m a working class guy from Hull. I’m a pretty down to earth person. I’ve come from a normal family with normal jobs.” He worked hard and he can spend his money on whatever he fancies, adding that he will “never have to worry about paying for anything.” 

Growing up, Blackburn’s parents struggled to provide for him and his two brothers. He narrates, “My parents worked very hard and gave us whatever we needed. My mum always said “you need to do well” and definitely instilled a strong work ethic in me.” After one year, Blackburn left his IT apprenticeship, as it was a struggle to balance his job and trading. 


Photo Credit: Caters (via Metro)


Presently, he earns between £15,000 and £50,000 a month ($18,383 and $61,127) through trading and his teaching business. Blackburn adds, “Despite the money though the goal was never to become a millionaire. I just want to be stress free and comfortable. I don’t want to worry about bills or anything like that.” He advises aspiring traders to “not get too stressed” when things don’t go well.




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