I concur; learning to read proficiently in Thai is NOTHING except memorizing Thai words, TONZ of ‘em and having those words tied to a corresponding meaning in your head.
Early on I’d go thru, put lines between the words I knew, then go back and see if any of the words were compounds (tied to a neighboring word which might change the meaning), and then finally look up the words I didn’t know. Those Thai nicknames still throw me for a loop too. ..
I got used to the continuous script without much difficulty. I don’t think it slows down a reader all that much ONCE you get to the stage where you’re reading by “recognizing groups of characters as words” insteada character by character. Just as I’m sure if I sent you an email in english without spacing out the words, your brain could still read it, it’d just take longer because you’re not used to it. Granted learning a dissimilar alphabetic system, memorizing TONZ of words, and plowing thru continuous script is a tough row to hoe, but it’s doable.
I still suck at reading any of the “real” Thai newspapers, only because I have NO interest in Thai politics, everyone seems to have a mile-long surname and work for the Ministry of this-or-that. It’s the abbreviations which kill my comprehension.
I can read the gossip columns, the horoscopes and the sports stuff pretty well. I buy the Thai versions of Maxim, FHM, (for the articles, not the pix of Thai gurls with foreign noses

) and I started reading Science Illustrated last month because you can do what I call “predictive reading” from the pictures. I also read what I call “Thai teen trash romance” novels seeing as they’re written in colloquial spoken Thai and have a lot of useful slang.
A good paper to pick up is that free rag they hand out during the week at the BTS/MRT stations called M2F (Monday to Friday). It’s usually written “for the masses” and isn’t that hard to get thru.
I know if I can teach myself to read Thai, just about anyone who puts their mind to it can to, because I sure ain’t the sharpest knife in the drawer. .
Good Luck, sorry for the long post. . .
P/S: There was a bunch of stuff I think which was on Richard Barrows site Paknam Web Forums which tied into Benjawan Beckers books, questions, vocab, etc. I can’t find the link(s) any more but I’m sure I remember seein’ it once upon a time. Perhaps a Google might turn up something. . .
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