by Kirk Norwood | Apr 8, 2008 | Emotions, The Disciplined Forex Trader
In a number of my blog posts I have suggested to keep emotion out of your forex trading. However, I would dare say that it is impossible to trade without emotion. Then again, I also believe that by using good money management practices one can lessen the negative...
by Kirk Norwood | Apr 4, 2008 | Emotions, The Disciplined Forex Trader
When we have, we want more, and when we have not, we want more. Greed can be caused by both success and failure. When we have some good trades we get in a mindset that the trend will go on forever so we do not get out of the market. We try to get that last pip, but it...
by Kirk Norwood | Mar 28, 2008 | Planning A Trading Career, The Disciplined Forex Trader
Have you ever eaten so much of your favorite food that you were sick? Have you ever participated in your favorite activity for so long you needed a break? Have you ever been away from home for so long you couldn’t wait until you could get home? The point is we...
by Kirk Norwood | Mar 21, 2008 | Planning A Trading Career, The Disciplined Forex Trader
How many trades do you have to make to determine what you are dong right or wrong? If you do not keep a trade journal there is no telling how long it might take to uncover a good trading skill or a destructive trading habit. There are many people that just keep...
by Kirk Norwood | Mar 19, 2008 | Money Management, The Disciplined Forex Trader
What is noise? Noise is when the market is moving up and down in short moves. This can be seen in smaller time frames very easily. For example, on the 5-minute time frame you will see the market move in 10-15 pip cycles, then it moves for 20-25 in one direction or...
by Kirk Norwood | Mar 12, 2008 | The Disciplined Forex Trader, Trading Tips
You should only trade with a forex strategy that you've proven to yourself. One of the most important tools you need to learn how to use, even before you start trading at any level is how to use the trading platform. We offer a free forex video tutorial...
