The well-known and multi-talented Umar Ashraf is a renowned trader, an Instagram blogger, and a YouTube personality in his own right. And this particular trading success story is about his roller coaster journey to becoming one of the youngest stock traders and business owners of the world.
You see, in his story, how an eighteen-year-old boy from New York entered the world of trading only after a devastating failure at a few other businesses. He started with a property solutions company that he launched to work with banks with foreclosed homes, but it failed because he rushed the whole procedure in greed.
The property solutions company erased much of his life savings and forced him back to “square one.” Armed only with a simple-moving-average-based strategy on how to tackle the Stock Market, he started trading and, after various rounds of trial and error, gained consistent profitability in the market.
Umar Ashraf fearlessly availed all chances to find success in a world where even the best traders who have ever lived have blown up (at least) their first accounts by making wrong investment decisions.
Umar, though, quickly defied the odds and found lasting trading success, majorly due to a masterful combination of the Stock Market Lab (SML) and TradeZella. SML is to help struggling traders with trading education, while TradeZella is a tool to give traders feedback.
His advice to aspiring traders is rather simple: You should understand that with investing, there is always a risk and you should engage in maximum research before making any investment.
While little or no formal training and very limited access to capital is not typically a formula for trading success, Umar’s story is one that proves how far an organized routine, discipline, and careful risk management can elevate any trader from newbie up to the most grizzled veteran.