8. Plan and schedule review time. 8 of 12

by Kirk Norwood | Aug 12, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

The time for action is now! Create a trading calendar, including milestones, so you can take action and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done! It's easy to get overwhelmed with a big task list so break it down...

7. Create a money management plan. 7 of 12

by Kirk Norwood | Aug 10, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

What is your Money Management plan and how do you plan on using it?  Most traders spend the bulk of their time hunting for new trades. However, focusing on your existing trade and looking for ways to get a larger "share of each trade (adding on to the...

6. Generate trades. 6 of 12

by Kirk Norwood | Aug 7, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

Where and how will you find your next trade? Through sitting in front of the computer for hours? Via:  an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money. The process of...

5. Create a magnificent trading picture. 5 of 12

by Kirk Norwood | Aug 5, 2009 | Create Trading Plan - Series, My Trades, Trading Strategies, Trends, Types of Traders

Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your...

4. Develop your core strengths. 4 of 12

by Kirk Norwood | Aug 3, 2009 | Create Trading Plan - Series, Entry Signals, Trading Strategies, Types of Traders

Identify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths should be easy to spot. Then make those strengths the core foundation that you use when trading.  You may be good at picking entry points. You may be good...

3. Identify your remarkable strengths. 3 of 12

by Kirk Norwood | Jul 31, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips

As part of you trading plan you should find out your win-loss ratio.  This can be done by using the “Trade Tracker”. When you purchase launch Pad you will find the “Trade Tracker” as one of the tools.  By tracking groups of say 20 trades at a time, and...