by Kirk Norwood | Nov 27, 2008 | Demo Trading Series, Trading Program
Awareness # 4- Lack of Performance Analytics Traders have the account history to monitor what they have done on their trades but they lack the discipline or knowledge on how to use this information. We like to suggest that you take blocks of 20 trades to analyze. ...
by Kirk Norwood | Nov 26, 2008 | Demo Trading Series, Emotions, The Disciplined Forex Trader
Awareness # 3- NO-RISK Control Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord. Trading with out any risk control will have...
by Kirk Norwood | Nov 25, 2008 | Demo Trading Series, The Disciplined Forex Trader
Awareness # 2- Let’s See What Happens Trading There is NO penalty for just putting on any trade at any given time in a demo account. Because there is no penalty when demo trading a trader can fall into the habit of not putting on a stop loss, not managing...
by Kirk Norwood | Nov 24, 2008 | Demo Trading Series, The Disciplined Forex Trader
Awareness #1- Trading The Big Dollar Moves When trading, how does a trader know which move is going to be the big move. They don’t. Trying to catch the big trades alone to get rich quick is a destructive habit. A trader should take all good signal trades. By...
by Kirk Norwood | Nov 21, 2008 | My Trades
This week has been a productive trading week. I have been spot on in my trades. I am up in all of my accounts for the week by the follow percentages:   (1) 3%, (3) 5%, (1) 13%, (1) 23%. It is Friday morning and I have been at the computer for a little over 30...
