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Interview with the author:

Samuel_Rae Diary of a Currency Trader, Diary, journal,  Currency Trader, fx trader, forex, trading books, book, interview.jpg

FXTM

Why did you decide to write a currency trading diary and disclose your trading method?

SJR

I felt that, despite the huge number of books in circulation that cover the currency markets, none actually showed another trader placing trades. More often than not, they would tell you how, but what works for one trader might not work for another. So newer traders would go and try to emulate what they’d read, and fail. They would get disheartened and give up. I wanted to show it can be done, and it’s not all that difficult;

it just requires some core competencies.

FXTM

You first started as a stock trader. What brought you to Forex trading?

SJR

In all honesty, leverage. My account size was small back then, and I believed I could make money faster in the forex markets. Naïve, I know. But there you have it.  Also, I had studied economics at university and I felt that offered me some edge in the currency markets that I did not have in the stock markets.

FXTM

What is your professional background as a trader, which companies did you work for?

SJR

I started life in the insurance industry, working in an actuarial role for Swinton Insurance. From there I moved to Carrington Dean, a money management company based in Edinburgh but with offices in Manchester (where I was based at the time). I was not a trader, I was a trainee analyst. I had a small personal account in which I would speculate, but I have never placed a trade on behalf of anybody else. I basically spent three and a half years living off nothing and saving my monthly wage, with the goal of funding an account. This I did, and here I am. I just did not know at the time I would be using those funds to buy and sell currencies.

 

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