by Kirk Norwood | Feb 11, 2008 | The Disciplined Forex Trader
It is a wise thing to establish your trading plans before you start to trade live. For example, you should ask yourself these crucial questions: What entry and exit signals will I use? What are my rules for money management? (how much will I risk per trade) What time...
by Kirk Norwood | Jan 30, 2008 | Money Management, Planning A Trading Career, Trading Strategies
When you trade with a plan, it will be easier for you to reach some realistic goals. When you start to trade you need to focus on becoming a consistent trader and learn some good trading rules. Don’t try to make money. Learn to make pips and the money will come....
by Kirk Norwood | Jan 17, 2008 | Emotions, Trading Tips
There are certain things that must be kept out of your trading, such as emotion, revenge, anger, your pocketbook, and fear. Every trader should follow a set of rules or guidelines in order to be a successful trader. When you trade without rules, you are essentially...
by Kirk Norwood | Jan 14, 2008 | Trading Tips
You might wonder how I could put the words "profitable" and "losses" together and still make any sense. Well, let me explain: Most of my losses have been very profitable. Not in terms of money made (well, "lost" is the more accurate word here), but in terms of what I...
by Kirk Norwood | Dec 21, 2007 | Planning A Trading Career, The Disciplined Forex Trader
You can learn a lot about the Forex currency market. You can have a great system for trading but without a good trading plan and the discipline to stick to it, you will NEVER be profitable. Your trading plan will continually move you in the correct direction to make...
