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 30, 2009 | Forex Brokers
Click Here for Previous Post Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader...
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...
