by Kirk Norwood | Jul 14, 2008 | My Trades, Trading Strategies, Trading Tips, Trends
When a trader makes a trade he should always monitor the trade no matter how long he is going to keep the trade on.  To monitor a trade easily it is best done on time frames higher than those in which he normally trades. A trader can see a trade more clearly when...
by Kirk Norwood | Jul 3, 2008 | Planning A Trading Career, Trading Strategies, Trading Tips, Types of Traders
We have heard many complaints from traders about the market being flat, the market is dead etc. Is that the real problem or is it that traders do not know what to look for when the market is going sideways? For new traders it is soon learned that sideways markets are...
by Kirk Norwood | Jul 1, 2008 | The Disciplined Forex Trader, Trading Strategies, Trading Tips
We have seen over the years traders will trade without a stop loss for fear of a small loss. When the market turns against them they let it run in the wrong direction rather than getting into the trade and trade with the move. Their total focus is set on wishing...
by Kirk Norwood | Jun 27, 2008 | Money Management, Trading Strategies, Trading Tips
a. Add only to winning positions. b. Never add to a losing position. One of the most important money management rules that a trader should never break is ‘Never add to a losing trade’.Trades are split into winners and losers, and if a trade is a loser, the chances...
by Kirk Norwood | Jun 26, 2008 | Trading Strategies, Trading Tips, Types of Traders
We hear the pros and cons of trading short term vs. long. If a traders wants to sit in front of their computer for long hours day after day then they can trade short term. If traders love to trade and want to have a life in addition to trading they should look at...
by Kirk Norwood | May 28, 2008 | The Disciplined Forex Trader, Trading Strategies
If you are going to become a better trader you will need to use a system to trade with. You will need to follow a solid set of rules that work and you have back tested. How do you back test? Just by doing the simulated trading you are back testing the trading...
