by Kirk Norwood | Mar 7, 2008 | The Disciplined Forex Trader
An important thing to do when you first start trading is to figure out why you want to trade. Are you bored? Are you trying to get rich quick? Do I want steady or extra income? Why do I want to trade the forex market? If you are bored the market will wake you...
by Kirk Norwood | Mar 4, 2008 | The Disciplined Forex Trader, Trading Tips
One of the things that can get you into a bad trade faster than anything is to chase a trade. You should not trade momentum. By the time the market starts to move you may be to late for that move. You should wait for the trades to come to you. Once you have...
by Kirk Norwood | Feb 26, 2008 | The Disciplined Forex Trader
We would all be happy to make some quick cash, but we are even happier when we find that we know how to keep it. The way most successful traders have gained their money is through many hours of experience over long periods of time. They also are students of the...
by Kirk Norwood | Feb 11, 2008 | The Disciplined Forex Trader
It is a wise thing to establish your trading plans before you start to trade live. For example, you should ask yourself these crucial questions: What entry and exit signals will I use? What are my rules for money management? (how much will I risk per trade) What time...
by Kirk Norwood | Feb 6, 2008 | The Disciplined Forex Trader
The best way to trade is by a set of rules. When the rules say to get in or out of the market, do it. Sure, you may have a few small losses, but when you get in and follow the signals by adding on at the proper times, then you will multiply your profits and have some...
by Kirk Norwood | Feb 4, 2008 | The Disciplined Forex Trader
Follow your plan. Once you have set your stops and take profit targets, trust your plan and leave them intact. If you don't, you'll never truly know if the plan you are using is indeed profitable or not. Learn to trade by some rules and over come your greed, fear,...
