by Kirk Norwood | Jun 19, 2008 | Money Management, Trading Tips
Have you ever heard that a change is as good as a rest? Have you noticed that you can get more done after having an extra day off, i.e. a vacation or holiday? There was a study done with some men that were unloading heavy objects from railroad cars. The first...
by Kirk Norwood | Jun 16, 2008 | Trading Tips, Types of Traders
I was talking to another trader about what a currency pair was setting up to do. We both came to the same conclusion. We were waiting for the 4 hour chart to create its next candle to see what the market was saying. What we were looking for was the...
by Kirk Norwood | Jun 13, 2008 | The Disciplined Forex Trader, Trading Tips, Trends
How to benefit from the trend: Know what the trend is. More good trades are made in the direction of the trend. To get the overall picture of the market use multiple time frames. Get the trend on a large time frame. Wait for a pullback on a small time frame. Wait for...
by Kirk Norwood | Jun 11, 2008 | The Disciplined Forex Trader, Trading Tips, Trends
If you want to become a better trader you must trade with the overall trend of the market. This alone will increase your chances of success dramatically. The difference between being a winning and a losing trader is trading with the trend.  The overall trend is...
by Kirk Norwood | Jun 9, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
When most traders start to trade they think of entering and exiting trades as the most important part of trading. Then one day it dawns on them that there is more to trading; it is called Money Management. By controlling losses and protecting profits, a consistent...
