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He stumbled across successful high-fliers earning hundreds of thousands and decided to follow in their footsteps while studying accounting and finance at the University of Wolverhampton. From his Culwell Street student accommodation, he taught himself the tricks of the currency trade before channelling his newly-gained knowledge into a business proposal. Mr Sira, who has lived in Penn for the past 10 years, said: "When I would go on social media, I saw people making money in different ways.

I could see people of my age driving around in my dream cars and with the things I wanted.

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Seeing other people's stories, going from nothing to earning a substantial amount of money, I just wanted to be a part of it. The entrepreneur, who also used to work at Willenhall's Yodel warehouse, dropped out of university earlier this year and now guides others wanting to get cash rolling from the stock market through company Prime Capital Investments Ltd. His parents have retired early thanks to Mr Sira's success, and he is looking at buying the family a new home before he leaves Wolverhampton to expand his empire in London.

The former Highfield School student has also enjoyed an extravagant trip to China, is preparing to fly over to Dubai for his birthday, and is hoping to jet to New York soon. Mr Sira, who has two younger brothers and once owned singer Peter Andre's former Porsche, confessed he has been the victim of online trolls since finding success.

He added: "At first it got to me, I used to get offended. But I just realised I have to just let them carry on. I don't have the time to think about it or care. But I know I can do more so I'm going to do that. This is just the beginning for me. Senior reporter based at head office in Wolverhampton.

Get in touch on or at annabal. Subscribe to our daily newsletter! Sign Up. Local Hubs. It is a huge and mercurial business and involves currencies from all over the globe. The buying and selling of currencies in this decentralized global market is determined by whether markets go up or down and traders make decisions based on these movements. Cryptocurrrencies — These are digital assets designed to work as a medium exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are decentralised and exchanges allow customers to trade cryptocurrencies for other assets, such as conventional money or other digital currencies.

Follow these easy steps:

Dropshipping — This is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. In effect, the dropshipper is a middle-man, typically a website, and makes a profit on the difference between the wholesale and retail price.

Some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler. Dropshipping has also been targeted by scammers. But I deny participation in regulated activities, therefore there is no need to be regulated. Mr Singh also admitted he referred some people to a Forex brokerage based in the Bahamas and those people went on to lose vast sums of cash. It is understood investors lost their money, which was in a range of currencies, primarily when the pound sterling surged following the UK General Election and then dipped again.

The broker carried out the trading on the clients' behalf. Mr Singh said he is no longer advising people to use that broker and has not been advertising its services on his social media platforms for months. He said he will continue to trade in Forex and offer training courses in , but will speak to the FCA also.

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William has more than a decade's experience reporting on the business scene in Plymouth and the South West. He is based in Plymouth but covers the entire region. Stay in touch: BusinessLive newsletters have been re-designed to make them even better.

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