by Kirk Norwood | Aug 13, 2008 | Emotions, Exit Signals, The Disciplined Forex Trader, Trading Tips
One bad thing trader’s fall into the habit of doing is to try and get every last tick out of a trade. We have all experienced a trade that started off great then turned out to be a looser. Then there is the trade that starts out with a small loss and turns out...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
A trader must see the big picture in trading to survive and prosper. If you only look at the small time frames you are only seeing the foothills of a tall mountain. It is necessary to look at the larger time frames and trade in the direction of the larger trend....
by Kirk Norwood | Jul 23, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, Trading Strategies, Trading Tips
We talked about the amount of risk a trader has in the market now it is time to talk about how you feel about money. If you have a big attachment to money then it will cause a big emotional strain when you lose some of the money. One of the hardest things a new trader...
by Kirk Norwood | Jul 22, 2008 | Emotions
One of the biggest mistakes a trader can make is to over trade their account. They can trade too much of their account or have two much on one trade. The more a trader puts on one trade the more emotional energy they use. Eventually they could blow up their account...
by Kirk Norwood | Jul 18, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Tips
When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities. The thing you already know is that the probabilities are in the favor of the house. When you use a trading...
by Kirk Norwood | Jul 17, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, Topics To Study, Trading Tips, Types of Traders
Over the next couple of weeks we will give you some of our thinking about why we are all different in our trading success. We have been asked what kind of results will we get with your trading system, what percentages of success will I get? Let's look at two...
