by Kirk Norwood | May 29, 2008 | Emotions, The Disciplined Forex Trader, Trading Tips
The currency market has the most leverage of any financial market in the world. You can put in $1 and get $100 of leverage or you might use $1000 and get $100,000 of leverage. This is one of the reasons that makes the currency market so interesting, exciting, and...
by Kirk Norwood | Apr 14, 2008 | Emotions, The Disciplined Forex Trader
Have you ever noticed that when you are in a losing trade you don’t see things clearly? Have you been in a winning trade and you don’t see things clearly? When you are winning and when you are losing you are having trouble getting out of a trade. We as traders...
by Kirk Norwood | Apr 8, 2008 | Emotions, The Disciplined Forex Trader
In a number of my blog posts I have suggested to keep emotion out of your forex trading. However, I would dare say that it is impossible to trade without emotion. Then again, I also believe that by using good money management practices one can lessen the negative...
by Kirk Norwood | Apr 4, 2008 | Emotions, The Disciplined Forex Trader
When we have, we want more, and when we have not, we want more. Greed can be caused by both success and failure. When we have some good trades we get in a mindset that the trend will go on forever so we do not get out of the market. We try to get that last pip, but it...
by Kirk Norwood | Jan 23, 2008 | Emotions
Last week I posted 6 things that need to be kept out of your forex trading. With this post, I want to just focus on just one of them: Emotion. If you've been around the market long enough you have heard traders say that you must trade without emotion, but how do you...
by Kirk Norwood | Jan 17, 2008 | Emotions, Trading Tips
There are certain things that must be kept out of your trading, such as emotion, revenge, anger, your pocketbook, and fear. Every trader should follow a set of rules or guidelines in order to be a successful trader. When you trade without rules, you are essentially...
