by Kirk Norwood | Oct 6, 2008 | Emotions, The Disciplined Forex Trader
"Thrice happy is the man that has a glorious history. Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the...
by Kirk Norwood | Oct 3, 2008 | Emotions
Here is a comment from a trader that is trading with price movement rather than the trend. “This really reminds me of my experience as of late. Every time the market moves against me, I wait until I just can't take any more unrealized loss, then reverse the position...
by Kirk Norwood | Sep 15, 2008 | Emotions, Inside The Trader's Mind, The Disciplined Forex Trader
As a trader we need to accept the fact that we will lose some of the time. If you understand this, then you must have measures in place to protect yourself from the losses when they come. We can't avoid all losses, but we can manage our risk. The first thing you...
by Kirk Norwood | Sep 3, 2008 | Emotions, Money Management, The Disciplined Forex Trader
I just read an interesting article about when to stop trading live and go back to demo trading. Go to demo when you have lost 9% of your account. Trade on the demo account one week for every 2% of your account that you lost. We all know that it is better to have...
by Kirk Norwood | Sep 2, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes†Jesse Livermore “In order to make a success, the...
by Kirk Norwood | Aug 22, 2008 | Emotions, Inside The Trader's Mind, Money Management, The Disciplined Forex Trader, Topics To Study
When a trader first starts to trade there are many things to learn like: 1.   How to use the platform 2.   Which trading style I should use 3.   Which indicators should I use 4.   What time frames best meet my life schedule 5.   How much money...
