by Kirk Norwood | Jul 28, 2008 | Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Trading Tips
If you take trading seriously you will think of trading as a business. Not just a hobby, or a way to get a quick rush, or a way to escape life’s problems, or a way of spending some of your extra time. You can think of trading, as a lot of things but to make the big...
by Kirk Norwood | Jul 18, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Tips
When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities. The thing you already know is that the probabilities are in the favor of the house. When you use a trading...
by Kirk Norwood | Jul 1, 2008 | The Disciplined Forex Trader, Trading Strategies, Trading Tips
We have seen over the years traders will trade without a stop loss for fear of a small loss. When the market turns against them they let it run in the wrong direction rather than getting into the trade and trade with the move. Their total focus is set on wishing...
by Kirk Norwood | Jun 30, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Types of Traders
There are three main trading styles. They are: Day traders      1-5-15 minute time frames Swing traders   30 minute to 4 hour time frames Position traders   1day and longer (These are general rankings for the time frames of the trading styles) Day...
by Kirk Norwood | Jun 13, 2008 | The Disciplined Forex Trader, Trading Tips, Trends
How to benefit from the trend: Know what the trend is. More good trades are made in the direction of the trend. To get the overall picture of the market use multiple time frames. Get the trend on a large time frame. Wait for a pullback on a small time frame. Wait for...
by Kirk Norwood | Jun 11, 2008 | The Disciplined Forex Trader, Trading Tips, Trends
If you want to become a better trader you must trade with the overall trend of the market. This alone will increase your chances of success dramatically. The difference between being a winning and a losing trader is trading with the trend.  The overall trend is...
