I'm 23 and trade full-time.
I quit my web design job at the end of 2002 because I came to realise that commuting to, and working in, an office and lining someone elses pockets was not a viable way of life for me! I worked freelance in the same field for a year but got tired of that.
In March 2004 I discovered forex and decided it was what I wanted to do. I lived off savings, credit cards and occasionally the grace of God (!) while spending 10-15 hours a day, every day, trying to figure the trading business out.
I studied for a week or two initially then jumped in with live trades. First account was gone within two months as a result of my own lack of knowledge and woefully incompetent interpretation of technical analysis and the markets in general. The second account was gone within four months blindly following other people's signals. The third account stabilised and began to grow by the summer as I learned more and more about trading, mostly off the back of news trading and study of fundamentals. By September I added proper technical analysis to the mix and things really started to get going, to the point where I'm now earning a nice full-time living as a trader, consistently picking up 150-250 pips per week trading and winning about four or five bets a week at betonmarkets.com
I'm very much still learning though, and I still spend most of my time focused on nothing but trading. In fact my entire trading style has pretty much changed in the last three weeks! Should be more patient really but the mould was set back when I started, losing £800 on my first trade two weeks after hearing the term "forex" for the first time, and making £1100 on the second, without the first clue of what I was doing.
It's been quite a fun nine months, although it really has been, and still is, at least
10 hours work every day, making me feel like I've compressed 2-3 years experience into that period!
Don't really know what advice I can give other than
don't do it like I did. It's been manic, seat of the pants stuff from day one. I'm lucky in that I don't have a mortgage or a family to worry about so I've managed to get away with it!
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