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  • University dropout becomes a stockbroker after using his student loan to start trading and now earns £30,000 on a BAD month - working one hour a day

    From dailymail.co.uk

    A university drop-out who taught himself to become a stockbroker claims he earns between £20,000 and £30,000 on a bad month. Elijah Oyefeso, 21, started by using his student loan and now trades on the stock market for just one hour a day to earn his income. Elijah, from Camberwell, London, now lives in a £5,000-a-month flat and his weakness is super cars, with his most recent purchase a £125,000 Mercedes GTS. He told FEMAIL: 'On a good month, I earn between £70,000 and £80,000.' Elijah said: 'If you work hard you don't need to look at the price tag, you just get it.' Elijah claims he bought his first Mercedes ... (full story)

  •  Guest
  • | IP XX.X.44.77
A few clicks on Google and you quickly learn he actually sells signals.
  •  Guest
  • | IP XXX.XXX.51.19
he is a broker? or a trader?

articles like these what makes traders do stupid shit.
  •  Guest
  • | IP XX.XXX.147.40
OH BOY would I love to know this dude's magical trading methods!!
They seem fool proof....millionaire+ in 3 years?? - starting from a student loan??
He hasn't blown his account either it would seem...
How the f**k?
Are they that desperate for fresh capital? Enticing students to use their student loan for trading is not decent at all!

And this storyline that says a guy earns 30k monthly, purchases a car for 125k and still lives in a RENTED apartment? What a BS!

On the other hand the more fresh capital we have, the better for us old horses out there ..... yes I know I have no moral but if you let yourself be slaughtered, that should not be my business.....right?
  •  Guest
  • | IP XXX.XXX.29.155
This is so not real. I plan my trades and take 60 to 90 minutes each day. I still have to wait for the setup to appear. If the alarms go off I check to see if it can be traded. Bottom line is you wait for the alarms.
Basically he sells signals for £90 per month and takes a commission from the Binary Option brokers for each trade his clients place.

Could be legit and there is an incentive for him to provide good signals if he is getting commission on the trades placed (the more trades and the longer his clients stay around the more he earns) but it all has the feel of a volume marketing game taking the signal money and commissions until his clients bust out.

The channel 4 documentary was a major marketing push for him, got the company name in there and I bet he has been flooded with people wanting to buy signals!
lol..I want see his trades....
For real? TEMPTATION! You traders better stick to your own working strategy to avoid stories that touch.
he might know how to trade but can't drive for shit...good for him and hope he's not a scammer
Wooooohooooo or Boooooohooooo
  •  Guest
  • | IP XX.XXX.52.211
I wonder if he has paid his student loan back?
  •  Guest
  • | IP XXX.XX.14.127
look at the source: dailymail.co.uk, surely a bastion of truth

but if he can do it, then i can do it
Great attempt manage it properly.
  •  Guest
  • | IP XXX.XXX.205.204
This article came from the Daily Mail UK, so you know it's complete and utter BS. Daily Mail is the world's stinkiest tabloid trash and always gets their facts wrong!
  •  Guest
  • | IP XXX.XXX.76.207
Looks like "Nigerian prince." I would not touch this with a ten-foot pole!
  •  Guest
  • | IP XX.XX.145.222
He is a well known drug dealer. You can watch the documentary on BBC Iplayer. He has personal security - just like every other 'trader.'
He's lying.
it does seem fishy but if his legitimately successful.........good for him!!!
millipede stacker
truth are ugly we dont want to know it keep giving us sweet dreams stories
focus while relaxed to see better
It's the Nigerian prince
Quoting Ojiego
Are they that desperate for fresh capital? Enticing students to use their student loan for trading is not decent at all!

And this storyline that says a guy earns 30k monthly, purchases a car for 125k and still lives in a RENTED apartment? What a BS!

On the other hand the more fresh capital we have, the better for us old horses out there ..... yes I know I have no moral but if you let yourself be slaughtered, that should not be my business.....right?
He'll be living in a rented apartment because he's smart , the Duke of Westminster's estate sold everything spare this time last year... not sure how he controls his risk but hats off for a winner .. well done
What a bunch of arrogant racists losers! If you know better, why not just trade him out of the game ?
Patience is magic
  •  Guest
  • | IP XXX.XXX.36.237
Quoting Muntu
What a bunch of arrogant racists losers! If you know better, why not just trade him out of the game ?
Im white but to you I say well done for your statement, your so correct.
Quoting Ojiego
And this storyline that says a guy earns 30k monthly, purchases a car for 125k and still lives in a RENTED apartment? What a BS!
I haven't tried but I assume it's not that easy (anymore?) to get a mortgage if your income is from trading. If he wants to buy in Kensington 20 or 50k a month over 3 years or so won't get him very far in terms of cashbuy.
Same concept as the hilarious Tim Sykes who claims he turned his Bar Mitzvah gift money in 2 million bucks trading penny stocks. Tim's approach works because newbies are insecure and see this guy with chicks around him in the penthouse of a hotel drinking champagne all day long and they want the same, who wouldn't ?

How he really makes his money is not by trading but selling bogus education material and Elijah will probably have the same plans and will likely be very successful with it.
supposedly making 30-100k GBP every month just trading .... at the same time selling signals for 100 GBP a month.

UUUPS, BS detected
Quoting barkie
Same concept as the hilarious Tim Sykes who claims he turned his Bar Mitzvah gift money in 2 million bucks trading penny stocks. Tim's approach works because newbies are insecure and see this guy with chicks around him in the penthouse of a hotel drinking champagne all day long and they want the same, who wouldn't ?

How he really makes his money is not by trading but selling bogus education material and Elijah will probably have the same plans and will likely be very successful with it.
You can't be a legit quant with a high school education... so this dude is a "broker" who sells random information to degenerate gamblers who can't tell the difference between statistically significant and complete bullshit.

This is exactly what every stockbroker and forex dealer does on a larger, more professional scale. If you ever learn one thing = "your broker in not your friend".
Quoting Zer0sum
You can't be a legit quant with a high school education... so this dude is a "broker" who sells random information to degenerate gamblers who can't tell the difference between statistically significant and complete bullshit.

This is exactly what every stockbroker and forex dealer does on a larger, more professional scale. If you ever learn one thing = "your broker in not your friend".
Well said.
Scam and fraud in the forex.. same ol' same ol'
why always negative thinking
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
If this is even remotely true, I will eat my own shoes. How is that for a positive comment?
CA Bez -
This kiddo must be bloody good to do so well. A gifted one, so to speak.
that's the spirit of Nigerians
Quoting SingaFX
why always negative thinking
Being realistic, and cynical about people's claims, is not "negative", merely realistic. And I have not found Nigerians, in general, to be very truthful in unverifiable statements.
CA Bez -
So many jealous losers here :-D
anybody else see this guy on tv..rich kids go spending or something..
You certainly would preffer the so truthful Ponzi, Madoff and the likes.

Quoting CA Bez
Being realistic, and cynical about people's claims, is not "negative", merely realistic. And I have not found Nigerians, in general, to be very truthful in unverifiable statements.
Patience is magic
Quoting Muntu
You certainly would preffer the so truthful Ponzi, Madoff and the likes.
Ponzi, Madoff and the likes - scammed "optimists" who believed unbelievable claims. Email scamming Nigerians still find "optimists" who are willing to do illegal things in return for ill gotten gains.
The difference (not really a difference in the criminality of their actions) between them, is Ponzi , Madoff and the likes are rare in Western society, while Nigerian email scammers are too many to count. The first ones - when caught - makes the news. The latter cannot be caught because their actions are considered just good business in Nigeria.
CA Bez -
Quoting Spoon138
anybody else see this guy on tv..rich kids go spending or something..
If you trust the source of the news, "The Daily Mail" for in depth financial reporting, I assume you also get your true romance stories from Hustler or Playboy Letters?
Quoting Spoon138
anybody else see this guy on tv..rich kids go spending or something..
My comment also refers to your perception of "true" reporting.

You are right, I WOULD be very jealous if it was even remotely true, but since I do not think it is, I am certainly not.
CA Bez -
Quoting CA Bez
If you trust the source of the news, "The Daily Mail" for in depth financial reporting, I assume you also get your true romance stories from Hustler or Playboy Letters?

My comment also refers to your perception of "true" reporting.

You are right, I WOULD be very jealous if it was even remotely true, but since I do not think it is, I am certainly not.
er......I don't recall saying any of the things you said?.I don't understand you? or clearly you don't understand me? I just wondered if anyone else had seen this guy on the tv. It was hilarious along with the other people on the show. Maybe you quoted the wrong person?
Only you know by what measure crooks, swindlers and all the corrupt banksters undermining the world economy are rare "in western society".
And you are also to tell me by which means a London born, grown and university drop out is a Nigerian.

Quoting CA Bez
Ponzi, Madoff and the likes - scammed "optimists" who believed unbelievable claims. Email scamming Nigerians still find "optimists" who are willing to do illegal things in return for ill gotten gains.
The difference (not really a difference in the criminality of their actions) between them, is Ponzi , Madoff and the likes are rare in Western society, while Nigerian email scammers are too many to count. The first ones - when caught - makes the news. The latter cannot be caught because their actions are considered just good business in Nigeria....
Patience is magic
  •  Guest
  • | IP XXX.XX.240.97
I think stock trading actually can make you get rich quick from an young age. I tried it at my second year in Uni with my student loans, and I quadrupled my money making thousands, that was until I got over confident and put all my money into one penny stock that did not go according to plan. Then a chain of reaction occured, bad trade after bad trade, until I stopped trading with only enough money to buy food and pay rent for.
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  • | IP XX.XXX.13.203
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  • Posted: Jan 5, 2016 7:16am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 41  /  Views: 12,530