by Kirk Norwood | May 13, 2009 | Emotions, The Disciplined Forex Trader, Trading Strategies
Here are 4 fail-proof ways to solve the Pip Auction Game problem, and to guarantee that you're not going to play it again. You have heard this before, and it's true, but until now you still have not lived by this rule. You should never risk more for pips than they are...
by Kirk Norwood | May 1, 2009 | Emotions, Trading Strategies, What Trading Really Is- Series
Click here for Post Five of 'What Trading Really Is' Series You are responsible for your success or failure as a trader. You’re in charge of your trading, not the platform, not your broker, not your trading group Just you. If something goes wrong you...
by Kirk Norwood | Apr 8, 2009 | Emotions, Jump Start, Launch Pad, Trading Strategies
Question: Using Jump Start about how much time would I have to dedicate on a daily basis to achieve 25 to 30 pips per day (and thus make my daily goal of $100 to $150 per day). Answer: This depends on how the market is moving and how many currency pairs...
by Kirk Norwood | Jan 26, 2009 | Emotions, Mentor's Corner, The Disciplined Forex Trader
I had a marvelous morning Wednesday morning trading the New York open. Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night. Then, I let my emotions get to me, and the nerves set in. I went...
by Kirk Norwood | Dec 26, 2008 | Disciplined Trader Series, Emotions, The Disciplined Forex Trader
If you think about it if you are praying for a trade to go one way there are others praying for it to go the other way. So the divine intervention you are seeking never seems to materialize. If you are using the praying method of trading you are not being...
by Kirk Norwood | Dec 24, 2008 | Disciplined Trader Series, Emotions, The Disciplined Forex Trader, Trading Tips
The first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade. It has been said that it is never a loser until you get...
