Feel Stuck With Your Trading?

by Kirk Norwood | Sep 12, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader

If you feel stuck in your trading you don’t seem to be able to make any considerable progress.  Maybe you are lousing a little then maybe you should go through your mission statement and business plans again. Review these and reacquaint yourself with what you’re...

Does A Trader Need To Learn To Trade?

by Kirk Norwood | Sep 9, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Trading Tips

I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold. When one currency goes up the other is supposed to come down keeping them in correlation. This way you would have a hedge on your trades and you...

Dealing With Your Broker

by Kirk Norwood | Sep 8, 2008 | Forex Brokers, The Disciplined Forex Trader

When we refer to our broker we are referring to the people we talk to when we contact that broker.  It may be someone in the funding department, the accounts department, the client services department, or a person placing a trade for us.  In any event they are...

Another Way To Stay In Control

by Kirk Norwood | Sep 5, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips

I once heard a trader say that after he made some money in his account he would take out the original investment.  Then he was only playing with money he didn’t originally have making the losses not hurt as much.  It became easier to make money because he had...

When You Should Go Back To Demo Trading

by Kirk Norwood | Sep 3, 2008 | Emotions, Money Management, The Disciplined Forex Trader

I just read an interesting article about when to stop trading live and go back to demo trading. Go to demo when you have lost 9% of your account.  Trade on the demo account one week for every 2% of your account that you lost.  We all know that it is better to have...

Traders Don’t Change Because... Traders Can Change If…

by Kirk Norwood | Sep 2, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips

I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes” Jesse Livermore “In order to make a success, the...