Page 174 - Ultimate Guide to Currency Trading

problems just as if you lived on a financial island. Part of achieving this goal is to be independent

minded when it comes to your investments. Thinking of yourself as a currency fund manager can go a
long way in keeping your positions liquid and as riskless as possible during ugly times.

Being and acting in a manner that makes you financially independent of the
markets can seem to be a difficult task. In reality, it is very easy. All it takes is an
attitude of independence and financial self-reliance. You will never fully live on an
Essential
island, but you don't have to be subject to the ills of the markets.

The key to survival during these times is not set in stone. It might be the case that you are

semi-retired and working part-time as a handyman while building up your bank balance and your
trading account. It might be that you have enough skills and a big enough balance in your account to

allow your FX trading to really, truly add to your income each month. Any way you choose to pursue it,
being financially independent is not that hard of a goal to achieve. It might mean that you are

insulated from the stock markets, job markets, and housing markets. It might mean that you have the
foresight to short the market at its top and go long carry trades after the currency market has gone

into full risk-aversion mode.
If the times in which you are trading are bad in the outside world, they do not have to be bad

in your personal economy. Decoupling your fortunes and well-being from that of the rest of the
world's economies can sometimes be a very rewarding goal to pursue. You will have to analyze how

currency trading can help you lead a more financially independent life away from the trials and
turmoil that economies have been facing after the banking crisis, housing collapse, and sovereign debt

woes of 2008, 2009, 2010, 2011…

Building Your Own Trading System
Whatever your initial thoughts on currency trading, hopefully the reading of this book has helped you

navigate your way through the charts, websites, and the hard work of looking for setups in the market.

You have learned how to look at fundamental and technical indicators and place trades. You now
know how to build a trading system that is geared to your needs, whether aggressive or tame. You
also know what to reasonably expect from Forex trading in terms of daily, weekly, monthly, and yearly

returns. You most likely have gained a bit of understanding on how it feels to look a situation, get into

a trade, close it out, and have a good idea of how it feels to call a good trade. Lastly, you now know