By Sophie Jane Evans for MailOnline. He has not yet reached his 18th birthday. The year-old, who started dabbling in penny stocks at the tender age of nine, spends most of his breaks at Stuyvesant High School trading oil and gold futures, and small to mid-cap equities. SCROLL DOWN FOR VIDEO. The teenager center, in glasses , who started dabbling in penny stocks at the tender age of nine, spends most of his school breaks trading oil and gold futures, and small to mid-cap equities.

During an interview for the magazine's 10th annual 'Reasons to Love New York issue', Mohammed refused to disclose his exact net worth, but he admitted it was in 'the high eight figures' and provided bank and financial paperwork to back that up.

However, his parents, who are immigrants from the Bengal region of South Asia, will not yet allow him to move out of their family home in Queens, according to the New York Post. Mohammed has also taken to social media to show off his well-funded, lavish lifestyle - regularly posting videos of him partying, playing poker and dancing with numerous women on Instagram. His hard-earned cash has certainly been beneficial to his parents. During an interview for New York magazine, Mohammed refused to disclose his exact net worth, but he admitted it was in 'the high eight figures'.

Above, Stuyvesant High School, where he traded stocks. Mohammed has also taken to social media to show off his well-funded, lavish lifestyle - regularly posting videos of him partying, playing poker pictured and dancing with numerous women on Instagram. The teenager revealed he had used his wealth to purchase a BMW - which he does not yet have a license to drive - and rent a Manhattan apartment. Above, a clip from a video on Mohammed's Instagram. This photo, also posted on the student's Instagram, shows two women holding up bottles of champagne.

But despite its advantages, Mr and Mrs Islam are not overly keen on their son's interest in trading. But they see it as, if I am good at it, then why not? A year after he started experimenting with penny stocks, Mohammed was introduced to further financial markets by his cousin. He has since developed a 'life-long passion' for trading. On his LinkedIn profile, the student said he rose to success while trading stocks during his lunch breaks because he 'followed the market, hunted for opportunities and used everything from fundamental analysis to technical analysis and price action to speculate in the markets'.

After having high returns in penny stocks, he moved on to small-mid cap equities, then derivatives, before feeling out the futures market and specializing in oil and gold, he said. He added he has now developed 'a passion for understanding the markets and a passion for making money', and trades 'mainly based on volatility and volume'.

Let me take a selfie: Mohammed has the phrase, 'More money, less problems', written on his Instagram profile. Above, a female reveller is pictured taking a selfie in another video on Mohammed's Instagram. Speaking of his passion for trading stocks, Mohammed pictured giving a speech , who trades 'mainly based on the volatility and volume' of gold and oil, said: During his interview with New York magazine's, Mohammed revealed his biggest inspiration in the finance world has been Paul Tudor Jones.

Jones, 60, the billionaire founder of Tudor Investment Corporation, a private asset management firm and hedge fund, ranks as the th-richest American, according to Forbes. Mohammed said that while he had been 'paralyzed' by his losses when he first started trading, he quickly learned from Connecticut-based Jones's ability to get back into the game again and again.

Mohammed revealed his biggest inspiration in the finance world has been Paul Tudor Jones pictured , the founder of Tudor Investment Corporation, a private asset management firm and hedge fund. And despite his massive fortune, Mohammed has no plans to give up trading just yet. The teenager said he and his trader friends hope to start a hedge fund in June - when he is old enough to get his broker-dealer license - and intend to make a billion dollars by next year.

This, of course, will all be done while attending college. Like, all of us who are connected, who are in something together, who have influence. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. RELATED ARTICLES Previous 1 Next. Share this article Share. We want to create a brotherhood.

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