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riverwalker · 31-01-2005, 23:13

Hi Folks
I brand new to this forum, so hello to anything that happens upon this rap.

I'm just begining to make a new move in my life and that's becoming a currency trader. About 10 years ago I got into options and stocks and didn't do well at all. There are lots of reasons for that but its just old history now.

I am approaching this challenge in a very methodical manner - hopefully to avoid some of the pitfall that Soul-Trader referred to. I'm putting together my plan of action over the next few week. Since I will continue to work at my job until, hopefully, I can get competent enough @ trading that I can put that behind me. So I'll begin focusing just on the USD/JPN and trade that in the evenings and Sundays.

I picked up an excellent book which I highly recommend written by a fellow named Jack Schwager called "Market Wizards". In it, he interviews super traders. Almost everyone of them that he interviewed was a big loser at the begining of their careers. I mean, they did some of the dumbest stuff that you could ever possibly imagine. So, all the discourage folks out there take heart - its all just part of the learning curve, I reckon.

I've got lots of questions and plan to use this forum to assist me in getting where I want to go. Also, if I am can pick up a few friends along the way - that would be great!

Cheers

31-01-2005, 23:13	#34
riverwalker level 1 Join Date: Jan 2005 Posts: 2 Downloads: 0 Uploads: 0 Rep Power: 0	Yeah - that about sums it up in a nutshell Hi Folks I brand new to this forum, so hello to anything that happens upon this rap. I'm just begining to make a new move in my life and that's becoming a currency trader. About 10 years ago I got into options and stocks and didn't do well at all. There are lots of reasons for that but its just old history now. I am approaching this challenge in a very methodical manner - hopefully to avoid some of the pitfall that Soul-Trader referred to. I'm putting together my plan of action over the next few week. Since I will continue to work at my job until, hopefully, I can get competent enough @ trading that I can put that behind me. So I'll begin focusing just on the USD/JPN and trade that in the evenings and Sundays. I picked up an excellent book which I highly recommend written by a fellow named Jack Schwager called "Market Wizards". In it, he interviews super traders. Almost everyone of them that he interviewed was a big loser at the begining of their careers. I mean, they did some of the dumbest stuff that you could ever possibly imagine. So, all the discourage folks out there take heart - its all just part of the learning curve, I reckon. I've got lots of questions and plan to use this forum to assist me in getting where I want to go. Also, if I am can pick up a few friends along the way - that would be great! Cheers