by Kirk Norwood | Feb 29, 2008 | Trading Strategies, Trends
This one concept alone can turn your trading career around. It is easy to see but can prove to be hard to do. This is always to trade in the direction of the trend on the 4-hour chart. Try a demo trade the next time you open your trading platform. Look at the...
by Kirk Norwood | Feb 21, 2008 | Trading Strategies, Types of Traders
Hi everyone. I've been getting a lot of questions about when, how and even if you can profitably trade the news, so I decided to write this post to hopefully answer all those questions. It's kind of long but I think you will benefit from it. Many times the big pip...
by Kirk Norwood | Feb 8, 2008 | Trading Strategies
I have talked to many people that made a lot of money in a market that was channeling, or range bound. As soon as the market broke out of the range and started to trend they lost most of the money they had just made and did not know what had happened to their ability...
by Kirk Norwood | Feb 1, 2008 | The Disciplined Forex Trader, Trading Strategies
With today's tip I just want to reiterate the importance of having a trading system and a plan. With a good trading system you will be able to identify every aspect of a trade before you enter the trade. By doing this, trading becomes fun and a true adventure. You...
by Kirk Norwood | Jan 30, 2008 | Money Management, Planning A Trading Career, Trading Strategies
When you trade with a plan, it will be easier for you to reach some realistic goals. When you start to trade you need to focus on becoming a consistent trader and learn some good trading rules. Don’t try to make money. Learn to make pips and the money will come....
by Kirk Norwood | Jan 29, 2008 | Indicators, Trading Strategies
Currency trading can become an addiction. We feel like we need to be in a trade all the time. So we start putting on trades with weak signals, then we have losses, lose our confidence, and become afraid to enter the market. Then we wonder why we cannot trade. Just...
