by Kirk Norwood | Aug 28, 2008 | Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies
Here are a couple of ideas of how to shorten the learning curve in foreign currency trading. OBSERVE the good trading habits of others. You can get this information from some of    the following areas 1. Personal observation 2. Seminars / webinars 3. Books /...
by Kirk Norwood | Aug 22, 2008 | Emotions, Inside The Trader's Mind, Money Management, The Disciplined Forex Trader, Topics To Study
When a trader first starts to trade there are many things to learn like: 1.   How to use the platform 2.   Which trading style I should use 3.   Which indicators should I use 4.   What time frames best meet my life schedule 5.   How much money...
by Kirk Norwood | Aug 20, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader, Trading Tips
There is an old saying that says you should “let your profits runâ€. In regards to this there are two schools of thought. One: this is good advice and it should be followed. Two: it is better to be consistent and follow your system and take several trades out...
by Kirk Norwood | Aug 18, 2008 | Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader
When studying traders that seem to have it all together learn concepts do not try to copy exact. We want to know what they did and exactly what happened. That is good in trying to learn but do not compare yourself to other people; Just compare yourself to your own...
by Kirk Norwood | Aug 13, 2008 | Emotions, Exit Signals, The Disciplined Forex Trader, Trading Tips
One bad thing trader’s fall into the habit of doing is to try and get every last tick out of a trade. We have all experienced a trade that started off great then turned out to be a looser. Then there is the trade that starts out with a small loss and turns out...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
A trader must see the big picture in trading to survive and prosper. If you only look at the small time frames you are only seeing the foothills of a tall mountain. It is necessary to look at the larger time frames and trade in the direction of the larger trend....
