by Kirk Norwood | Feb 1, 2008 | The Disciplined Forex Trader, Trading Strategies
With today's tip I just want to reiterate the importance of having a trading system and a plan. With a good trading system you will be able to identify every aspect of a trade before you enter the trade. By doing this, trading becomes fun and a true adventure. You...
by Kirk Norwood | Jan 16, 2008 | The Disciplined Forex Trader, Trading Tips
What does it mean to survive in forex trading? I think it means more than just trying to make a profit. To me it means sticking with it, learning reliable strategies and not quitting when you take a few losses. If you stay around long enough, follow your set trading...
by Kirk Norwood | Jan 10, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
Once you’ve made a nice profit start to look for your exit signals. Once you have made a lot of money on a trade it is tempting to try and milk a little more out of it. You need to watch your signals and trust them to tell you when it is time to close a trade. One...
by Kirk Norwood | Jan 7, 2008 | Disciplined Trader Series, Entry Signals, Exit Signals, The Disciplined Forex Trader
By learning how to hit singles you will be able to hit a home run once in a while. I don’t know of any trader who gets into a trade expecting to hit a home run every time. You should never approach a trade with the idea that it’s going to be a huge winner....
by Kirk Norwood | Jan 4, 2008 | Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Trading Tips
Have you ever stopped to think why the trading techniques that work for the world's best trading gurus aren't working for you? Why can they achieve substantial gains while you're left in the dust? What do they know that you don't? In reality, they know a lot of things...
by Kirk Norwood | Dec 21, 2007 | Planning A Trading Career, The Disciplined Forex Trader
You can learn a lot about the Forex currency market. You can have a great system for trading but without a good trading plan and the discipline to stick to it, you will NEVER be profitable. Your trading plan will continually move you in the correct direction to make...
