by Kirk Norwood | Aug 21, 2008 | Inside The Trader's Mind
I was reading an article in e-FOREX magazine. It was talking about a survey that was taken that highlights the activity of the foreign currency market. It said “Did you know that the market in daily Foreign Exchange volume is bigger than those of OTC...
by Kirk Norwood | Aug 20, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader, Trading Tips
There is an old saying that says you should “let your profits runâ€. In regards to this there are two schools of thought. One: this is good advice and it should be followed. Two: it is better to be consistent and follow your system and take several trades out...
by Kirk Norwood | Aug 19, 2008 | Trading Strategies, Trading Tips
We feel that there is only one thing worse than not using a stop loss and that is setting the stop to close to the entry price. We really get frustrated when we set our stop the market moves against us, stops us out then moves in the direction we had originally...
by Kirk Norwood | Aug 18, 2008 | Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader
When studying traders that seem to have it all together learn concepts do not try to copy exact. We want to know what they did and exactly what happened. That is good in trying to learn but do not compare yourself to other people; Just compare yourself to your own...
by Kirk Norwood | Aug 15, 2008 | Exit Signals
When exiting a trade, you can do so under four different assumptions. In the best of worlds, exit technique number one is the profit target.   Exit technique number two is the trailing stop, which comes into play when the market is starting to move against you...
