by Kirk Norwood | Oct 6, 2008 | Emotions, The Disciplined Forex Trader
"Thrice happy is the man that has a glorious history. Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the...
by Kirk Norwood | Oct 3, 2008 | Emotions
Here is a comment from a trader that is trading with price movement rather than the trend. “This really reminds me of my experience as of late. Every time the market moves against me, I wait until I just can't take any more unrealized loss, then reverse the position...
by Kirk Norwood | Oct 2, 2008 | Indicators
I was reading an article about a guy who started a computer business when the industry was new and growing. As he grew and was successful he noticed that there were many others doing the same thing. There was no longer anything unique about his company. He...
by Kirk Norwood | Oct 1, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader, Types of Traders
Here are some thought by some of the best stock traders. Good trading principles apply in all markets. Also, everyone who is truly interested in Forex should read as widely as possible. Jesse Livermore: The World’s Greatest Stock Trader by Richard Smitten 1. Don't...
by Kirk Norwood | Sep 30, 2008 | The Disciplined Forex Trader, Trading Strategies
We are writing this because of the large gaps in the market at the open on Sunday September 7, 2008. The market does gap but usually it will happen on the opening of the market on Sunday. Occasionally a gap can be seen around a new announcement. It is not as large...
