by Kirk Norwood | Nov 4, 2009 | Disciplined Trader Series, Emotions, Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies
We have summarized the comments of 4 traders about being a more disciplined trader. A day traders comments: He is a consistent trader his accuracy was good but would have a blow up one day a month and lose a lot of what he had made. When he realized that being right...
by Kirk Norwood | Oct 28, 2009 | Emotions, Inside The Trader's Mind, Mentor's Corner, The Disciplined Forex Trader, Trading Strategies
One of the basic skills a trader needs to possess or develop is the power of observation. They need to become students of observation. This skill of observing things does not just apply when you are trading and looking at charts it will carry over in to the rest of...
by Kirk Norwood | Aug 24, 2009 | The Disciplined Forex Trader, Trading Strategies
To Trade Disciplined That Is The Only Question Personally,I think discipline is the first thing we should learn before doing anything,not just forex.But it is very hard to get discipline for yourself. If we are not disciplined in our daily living and as a human...
by Kirk Norwood | Jul 24, 2009 | The Disciplined Forex Trader, Trading Strategies, Trading Tips, Trends
Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price won't reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess...
by Kirk Norwood | Jul 22, 2009 | Emotions, Entry Signals, Exit Signals, Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies, Trading Tips
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow...
by Kirk Norwood | May 22, 2009 | Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies
When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter...
