Entrepreneur and investor John Guaman have been the talk of the online business world for becoming a millionaire at the age of 24. Born to a Hispanic-American middle-class family, he didn’t always have it easy in his youth.
However, his life took a drastic turn during his time in college. Encouraged by one of his peers to dive into the world of marketing and trading, this leap of faith led him to become the young millionaire that he is today. However, many who are familiar with his name are still unsure of how exactly Guaman was able to build his fortune so quickly. What exactly did Guaman do that made him so successful, and how is he currently making his millions?
Markets That Generated Millions
Guaman’s ability to generate millions in sales in such a small amount of time has piqued the interest of many. At the age of 19, he was introduced to marketing and trading by a college friend; before this, he had not acquired any formal training in this field. Fast forward to today, and he is now a top affiliate with an entrepreneur training academy.
Cryptocurrency is a form of digital payment that is most commonly used in the online exchange of goods and services. Over the years, many companies have created their own types of cryptocurrency, which use units known as tokens. In layman’s terms, tokens can be compared to the likes of arcade and casino tokens. In the case of cryptocurrencies, however, these tokens can be exchanged for real currency. Dealing in cryptocurrencies has been one of the key factors to Guaman’s success.
Foreign Exchange Trading
More commonly known as Forex Trading (FX), this is the worldwide market space for real-life currency trading. Forex Trading is a decentralized marketplace that allows individuals and even companies to buy and sell currencies. This currency trading takes place in online Forex brokers. To put it simply, if a person purchases goods in another currency that is not their native currency, that is known as a Forex trade. This can be a great way for individuals to make quick millions.
Playing the stock market also opened up many opportunities for Guaman. “Playing the market” refers to the strategic buying and selling of shares and equities belonging to one or more companies. These exchanges happen through over-the-counter (OTC) marketplaces. If a person trades stocks, it means that they buy and sell shares or equities within the stock market.
John Guaman has made millions in these three markets in the span of just a few years. From building multiple online businesses to making millions worth of sales, these were the catalysts that helped shape this young millionaire’s life and career. All of these markets have a high degree of unpredictability, and given this, it is imperative that people who wish to succeed in these markets do not give up easily. Ultimately, it is a game of resilience, and those who come out on top will have access to even more lucrative opportunities.