by Kirk Norwood | Apr 18, 2008 | Indicators, The Disciplined Forex Trader
Getting paid to wait is a wonderful thing. When a person can control the urge to place a trade the possibilities of making a larger number of pips is greatly increased. Patience is important not only in waiting for the right trades, but also in staying with trades...
by Kirk Norwood | Apr 17, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Types of Traders
Your success as a Forex trader is measured primarily by your commitment to studying the markets, learning trading signals, being patient, and waiting until good trades make themselves known. It is also important to manage your money by the amount of lots you trade and...
by Kirk Norwood | Apr 14, 2008 | Emotions, The Disciplined Forex Trader
Have you ever noticed that when you are in a losing trade you don’t see things clearly? Have you been in a winning trade and you don’t see things clearly? When you are winning and when you are losing you are having trouble getting out of a trade. We as traders...
by Kirk Norwood | Apr 11, 2008 | Money Management, The Disciplined Forex Trader, Trends
There are many Forex traders and thus there are many things that they feel are important to do to manage their money. We have found that the trend is the most important requirement to make money using technical analysis. The tools used to measure the trend are not...
by Kirk Norwood | Apr 10, 2008 | The Disciplined Forex Trader, Trading Tips
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 and thus buying into motion. Never buy into motion. The reason is because you see the motion, get...
by Kirk Norwood | Apr 9, 2008 | Entry Signals, The Disciplined Forex Trader
When the Forex market starts to move it is easy to get a rush of adrenaline and the desire to place a trade. I am sure many of us have chased a trade in the early days of trading only to find out that the market turned and came back against us. After a couple of whip...
