My name is Scott and I am currently living in North Carolina. I have been studying Forex for the last 5 years without the ability to trade live. I have recently been released from Federal Prison and have a very interesting story and journey to tell anyone about that is interested. I discovered Forex about 6 years ago and at first did not believe what was I was hearing about the potential for this business. I quickly became very interested in all things Forex. I have an Accounting Degree from the University of North Carolina of Charlotte and have spent most of my life in a Private Tax Office.
At the beginning of my education I was fortunate enough to have access to a simulator that I was allowed to use from 6am til 10pm with data purchased from 2008 - 2010 for the euro/yen/dollar/s&p/etc. Unfortunately at the time I had very little education on trading and not alot of resources, so I played on the simulator, night and day- 7 days a week, as much as I could and I tried and I tried to make sense of what I was doing. I spent 2 straight years on that simulator and I eventually got my hands on some resources and begin to learn about support and resistance, volume, fibonacci, stochastics, etc. I developed different ideas about trading through instinct and money management strategies and played and played and played with that simulator. Some days I was somewhat successful, other days I crashed into the wall full blast. But it was fake money and I was in prison and I tried my best to learn anything I could.
I eventually moved on to another locatioin and the simulator was taken away from me. I was not sure how I would preceed with my education at the new spot, but I continued to review what I had and tried to hold on to the excitement and knowledge I had gained.
My family sent me a few books and I came across the Forex for Dummies and the Forex for Idiots and begin a new way of learning the business. I started getting more and more books and eventually moved to Tharp, Douglas, Dalton, Person, and many many more. My education continued, but the questions multiplied. My knowledge grew but the world of forex grew with it. I begin to realize even after 3 years of study I had only stratched the service and that I was lucky I didnt have a computer and a live account to trade or I would have already blown it up, over and over and over again.
I learned about journaling, system development, order flow, price action, the difference between price and value, risk management, position sizing, the psychology of trading…fear and greed. I learned about all this but could not yet touch a computer.
Then the last two years, a mentor appeared…a REAL FOREX TRADER…one who allowed me to ask all the questions I could not find answers to in the books. He started teaching me a trading system and showed me how to develop my own. We talked and talked and talked about all things Forex.
I have run out of time for now. The story continues and only gets better and better…I have many lessons to share about what I feel is the proper way to learn forex due to the situation I was in and how I was forced to learn FOREX. I am obviously out now and in the beginning stages of puttting all my training to practice. I will be back to finish this story later and hope I have found interested readers to follow along with me on this most incredible ride.
