by Kirk Norwood | Apr 6, 2009 | Entry Signals, Trading Strategies
A trader may have a problem pulling the trigger to enter a trade for several reasons. One they are not confident enough with their analysis. Two they have not done enough demo trading to see the results of a trade. This is part of the over 100 trades...
by Kirk Norwood | Apr 2, 2009 | Trading Strategies
We have all had trades where we did everything right, we entered based on good signals, our stops were placed, we new how we were going to exit the trade at a profit, the trade started out positive then turned and headed against us. In order to follow our...
by Kirk Norwood | Apr 1, 2009 | Planning A Trading Career, Trading Strategies
Here are some examples of Currency Trading Insurances: 1. Use a stop Loss 2. Only trading a small set % or your account 1%, 2%, 3%, 5% on any one trade 3. Only trading a total amount of your account at any one time. 5%, 10% … your choice...
by Kirk Norwood | Mar 31, 2009 | Trading Strategies, Trading Tips
Here are some tips for making sure you come out ahead in your trading account so you are not wondering what happened to your money. These tools are over looked by many new traders. After looking at some of the differences between the successful traders and...
by Kirk Norwood | Mar 31, 2009 | Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies
Question: How much starting capital do I need to trade with (can I start with a small amount and work my way up)? Answer: There are several schools of thought on this. Some say you have to have at least $10,000 to start and it would be better if you have...
by Kirk Norwood | Mar 27, 2009 | Topics To Study, Trading Strategies
Traders can get caught up in thinking that shorter time frames can reduce risk. They think they can get out of bad trades sooner but they also get out of good trades sooner. If a trader is looking at the smaller time frames like the 1- and 5- minute they will...
