by Kirk Norwood | May 27, 2008 | Money Management, Trading Strategies, Trading Tips
If you are trading on the shorter time frames you have to trade a lot of hours. You are constantly looking at the charts trying to find the right setup to enter.  The trades come and go. They are small so you have to do a lot of trades to make any money. When...
by Kirk Norwood | Mar 27, 2008 | Trading Strategies
To buy and hold a mutual fund, stocks, or bonds is a common practice. To buy and hold a currency is not as common even though it can be done. When a trader or investor buys and hold, they are usually looking for more than one type of income. Not only the appreciation...
by Kirk Norwood | Mar 25, 2008 | Trading Strategies
Some people say you should not risk any more than 2 percent of your account on any one trade, while others say between 3-4% is max. One thing is for sure, you should be conservative. We feel you should never risk any more than 5 percent of your account on any one...
by Kirk Norwood | Mar 20, 2008 | Trading Strategies
When you open your live account decide on the amount of money you can and will lose before you stop trading and go back to learning. Better yet, learn to trade first. Do not decide to stay in the market until your first nest egg is gone. Experience shows that many who...
by Kirk Norwood | Mar 18, 2008 | Money Management, Trading Strategies
When I first started trading and heard about hedging I thought it was a great idea. Since then it has been a nightmare on a few occasions until I stopped using that trading method. The only way I have been able to trade out of a hedge was when it was small, less than...
by Kirk Norwood | Mar 17, 2008 | Trading Strategies, Types of Traders
Much time can be spent reviewing charts, reading and listening to the news, and looking at numerous indicators and signals before entering or exiting a trade. That method is tiring and mind-boggling. After years of trading and talking to other traders there is a...
