by Kirk Norwood | Mar 10, 2008 | Money Management
Blowing up a trading account can be beneficial if you learn from it. The reason we suggest to blow up a DEMO account-never a live account-is to learn Money Management skills. Looking for the way the platform handles the free margin and free margin percentage is the...
by Kirk Norwood | Mar 7, 2008 | The Disciplined Forex Trader
An important thing to do when you first start trading is to figure out why you want to trade. Are you bored? Are you trying to get rich quick? Do I want steady or extra income? Why do I want to trade the forex market? If you are bored the market will wake you...
by Kirk Norwood | Mar 6, 2008 | Money Management
If you are getting close to a margin call then you have done some poor money management on the trade. You have done one or more of the following: 1.   You have over traded your account. 2.   You were trading without a stop loss. 3.   You have not set any...
by Kirk Norwood | Mar 5, 2008 | Exit Signals
There is a saying: "cut your losses and let your winners run." I know that is not what some people teach, they say when you get some profit you should bank some of the profit and move your stop loss to a break even. That way you will not take a loss on the...
by Kirk Norwood | Mar 4, 2008 | The Disciplined Forex Trader, Trading Tips
One of the things that can get you into a bad trade faster than anything is to chase a trade. You should not trade momentum. By the time the market starts to move you may be to late for that move. You should wait for the trades to come to you. Once you have...
