Stories abound of self-made millionaires and what they’ve done to reach their lofty financial heights. However, more often than not, these stories are long on the tales of luxury achieved and short on the means by which these individuals achieved their success. To help address this conundrum we’ve looked to the case of Samuel Leach, a successful forex trader, and entrepreneur who’s made over £1 million before the age of 30. Read on for a look at how he’s achieved that success.
Strong drive
One of the things that have helped motivate the rise of Samuel Leach is his upbringing in a financially struggling family. After his parents divorced, the future entrepreneur began to see firsthand the difficulties that come from a shortage of money. He recalls many nights sleeping in his father’s cramped one-room flat, with his father sleeping on the floor and his brother and himself sharing the bed. His change in family life also came with a change in school district, which soon found him attending an underfunded school that suffered from a range of disciplinary issues amongst students.
Experiencing these hardships firsthand left a strong and lasting impression on the young man. Left with an understanding that life and monetary wealth can change in an instant, he decided that he would work as hard as necessary to escape the circumstances in which he found himself. The first development in that plan came when he started experimenting with stock market simulators. These programs gave him his first chance to begin honing the trading skills for which he would later become known. That curiosity helped fuel continued academic success and eventually a £2,000 bursary to go to the University of Hertfordshire.
Personal trading
At university, the young investor’s career took off, using that initial bursary as seed money for his endeavor. After years of simulated trading and research that often consumed 16 to 18 hours of his day, he was finally trading with real funds, and his results were impressive. Within a year and a half, he’d turned that £2,000 into more than £170,000. His trading career had begun.
As his personal investing endeavors started going well, his classmates began to take notice. Seeing his stark level of success, more and more of his peers began paying him visits to ask for tips in their own trading efforts. At first, he was protective of his hard-fought wisdom, but after a while, he began to share his strategies with others. Eventually, the demand became so high that the university provided him with a lecture hall where he could provide information to large groups of people at a time.
Trading and training programs
It was quite evident at this point that there was plenty of interest in the investor’s information, so he devised a strategy to get the word out to more people and turn the entire undertaking into a business. He founded his company, Samuel & Co Trading, to be an amalgam training program and trading firm. The setup of the company is such that once a trainee has participated in the program and shown a competency level to engage in consistently smart decisions, they are able to trade through the use of company funds under a profit-sharing agreement.
This unique setup has added to the business legacy of Samuel Leach by increasing his worth and also sharing the approach he’s accrued over years of research and practice. The firm’s traders come from all walks of life, reflecting the business owner’s belief that our ability to accomplish great things is not connected to where we come from. Some traders have even committed to trading as a second job to allow them to transition into the work while still keeping their original employment for the time being.
Algorithm development
Another area that has contributed to the entrepreneur’s success throughout his trading career has been his ability to develop algorithms to conduct trades on his behalf. At first, this interest came about merely from a desire to be able to keep his trades going when he was away from his desk fixing himself a cup of tea. The resulting program he created, aptly named Mr. T, handled that task well. In fact, it handled the task so well that he realized he could leave it running for longer and longer time periods and it would turn a profit.
This work again caught the attention of others, many of whom were fellow traders who wanted access to his algorithm. The entrepreneur was reluctant to distribute it at first, again thinking of the many years of effort that had been required to create it. Eventually, however, he saw the opportunity that came from the demand and he began licensing the algorithm to the many people who were asking for it. In this way, it became another piece in the puzzle of his rise to entrepreneurial success.
While reading about the success of an individual does not amount to replicating that success for yourself, it can be a first step along the journey. The above example set by Samuel Leach through his trading career and other entrepreneurial endeavors not only helps illuminate his path to success, but also the manner in which a person may begin to replicate his results. To gain further insight, look for additional information on the investor and business owner and the ways in which he continues to grow his net worth.
About the entrepreneur
Samuel Leach is a well-known entrepreneur and self-made millionaire. He created his firm, Samuel & Trading Co, in 2012 as a means of building a larger business presence and sharing his experience with others. His career has caught the attention of a wide audience across the world and has resulted in numerous features in global media, including The Telegraph, Metro, and his own Ted Talk.
