by Kirk Norwood | Sep 8, 2008 | Forex Brokers, The Disciplined Forex Trader
When we refer to our broker we are referring to the people we talk to when we contact that broker. It may be someone in the funding department, the accounts department, the client services department, or a person placing a trade for us. In any event they are...
by Kirk Norwood | Sep 5, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
I once heard a trader say that after he made some money in his account he would take out the original investment. Then he was only playing with money he didn’t originally have making the losses not hurt as much. It became easier to make money because he had...
by Kirk Norwood | Sep 4, 2008 | Uncategorized
You will win some and you will lose some it’s a fact of life for traders: There are several things that contribute to you winning more than you lose. The most important would be knowledge of the market and being able to control your emotions. The market goes up...
by Kirk Norwood | Sep 3, 2008 | Emotions, Money Management, The Disciplined Forex Trader
I just read an interesting article about when to stop trading live and go back to demo trading. Go to demo when you have lost 9% of your account. Trade on the demo account one week for every 2% of your account that you lost. We all know that it is better to have...
by Kirk Norwood | Sep 2, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes†Jesse Livermore “In order to make a success, the...
