by Kirk Norwood | Jan 10, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
Once you’ve made a nice profit start to look for your exit signals. Once you have made a lot of money on a trade it is tempting to try and milk a little more out of it. You need to watch your signals and trust them to tell you when it is time to close a trade. One...
by Kirk Norwood | Jan 9, 2008 | Trading Tips
Don't ever let your losses run. Always use stop-loss orders! Nearly ALL traders make the mistake of allowing their losses to run, hoping that the market will return in their favor. Most often this will lead to an even bigger loss. Everyone needs to learn how to cut...
by Kirk Norwood | Jan 8, 2008 | Trading Courses
I was just checking my email this morning, and I had several invitations to test drive different analysis tracking software programs, and trading platforms. It got me to thinking about the dynamics of the market and what tools are needed. Here are my thoughts on this:...
by Kirk Norwood | Jan 7, 2008 | Money Management, Trading Tips
When you enter a position you need to also put a stop loss on. You will find out soon that losing is part of trading. When you control your losses then you are also learning to control your profits. You learn to be aware of the market and have a feel for what it is...
by Kirk Norwood | Jan 7, 2008 | Disciplined Trader Series, Entry Signals, Exit Signals, The Disciplined Forex Trader
By learning how to hit singles you will be able to hit a home run once in a while. I don’t know of any trader who gets into a trade expecting to hit a home run every time. You should never approach a trade with the idea that it’s going to be a huge winner....
