by Kirk Norwood | Jun 9, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
When most traders start to trade they think of entering and exiting trades as the most important part of trading. Then one day it dawns on them that there is more to trading; it is called Money Management. By controlling losses and protecting profits, a consistent...
by Kirk Norwood | May 30, 2008 | Money Management, My Trades, The Disciplined Forex Trader
In this video you will see 2 trades I made and how I managed them while using the Jump Start Strategy.
by Kirk Norwood | May 29, 2008 | Emotions, The Disciplined Forex Trader, Trading Tips
The currency market has the most leverage of any financial market in the world. You can put in $1 and get $100 of leverage or you might use $1000 and get $100,000 of leverage. This is one of the reasons that makes the currency market so interesting, exciting, and...
by Kirk Norwood | May 28, 2008 | The Disciplined Forex Trader, Trading Strategies
If you are going to become a better trader you will need to use a system to trade with. You will need to follow a solid set of rules that work and you have back tested. How do you back test? Just by doing the simulated trading you are back testing the trading...
by Kirk Norwood | May 7, 2008 | Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I had a few random thoughts about the market and thought that I would post them as tips below. I hope they can be beneficial and make sense! 1. Best way to manage risk. Always trade with a stop loss. Control the size of your trades-Know the Percent of your account to...
by Kirk Norwood | May 6, 2008 | The Disciplined Forex Trader, Trading Tips
The basic truths help me to realize that the market has a life of its own and I can not control the market so I just need to learn how to work within the markets movements. 1. The market is always changing so anything can happen. 2. You don’t need to know what is...
