by Kirk Norwood | Aug 28, 2008 | Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies
Here are a couple of ideas of how to shorten the learning curve in foreign currency trading. OBSERVE the good trading habits of others. You can get this information from some of    the following areas 1. Personal observation 2. Seminars / webinars 3. Books /...
by Kirk Norwood | Aug 19, 2008 | Trading Strategies, Trading Tips
We feel that there is only one thing worse than not using a stop loss and that is setting the stop to close to the entry price. We really get frustrated when we set our stop the market moves against us, stops us out then moves in the direction we had originally...
by Kirk Norwood | Aug 12, 2008 | Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips
Having two or more versions of the trading platform can be helpful by putting different accounts or charts on each platform then watching both at the same time on different monitors (if you have two monitors). This way it is easier to track more stuff and have...
by Kirk Norwood | Aug 8, 2008 | Exit Signals, Trading Strategies
In real estate the three most important things to an investor are location, location, location.  In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a...
by Kirk Norwood | Aug 4, 2008 | Inside The Trader's Mind, Trading Strategies
There are traders that make livings by making large gains with large losses. Then there are traders that make a living with small gains and small losses. Which ever style a trader uses they must be aware of what they are doing and keep the size of the wins and the...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
A trader must see the big picture in trading to survive and prosper. If you only look at the small time frames you are only seeing the foothills of a tall mountain. It is necessary to look at the larger time frames and trade in the direction of the larger trend....
