Smoke Signal Trading

My name is Richard, I live in the UK, and this is my blog about currency trading. I’ve been investigating Forex trading for a few years now. My introduction to this baffling world was through one of the many mercenary organisations preying on ordinary people who understandably, don’t have a clue about this sort of thing. I was as enraptured as the next man as I sat in my first FREE TRADING SEMINAR!, giddily contemplating what life would be like in 18 months time when I had given up my job. The reality I’ve come to know over the past few years is something very different.

The more I’ve immersed myself in the world of Forex trading, the more I’ve come to appreciate the patience, discipline, skill and psychological resilience that is required just to break even, let alone turn a profit. After 3 years of reading books, watching videos, attending classes, paper trading, demo trading, back-testing, forward-testing and a few nervous live trades, I’m now at a point where if I don’t make something out of all this, I fear I would have wasted a significant chunk of my life.

So here’s my challenge…

I am going to attempt to become financially independent through trading within 5 years.

I have a technical system for entry and exits, plus what I believe to be a fairly sensible money management policy. For the geekier readers of this blog, I’ll explain more about these systems along the way, but for now, the statement above is basically what this blog is all about.

This will probably end one of two ways. Either these pages descend slowly into a depressing fable of how yet another idiot joined the ranks of Forex industry suckers, or maybe, how an ordinary person learnt a rather extraordinary skill.

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