by Kirk Norwood | Feb 2, 2009 | Entry Signals, Trading Strategies
When a trader can look at the market from many different time frames he is becoming a better trader. If a trader only looks at the market from one time frame this will narrow his view of what the market is really doing. The bigger the picture of the market...
by Kirk Norwood | Dec 2, 2008 | Demo Trading Series, Entry Signals, Exit Signals, The Disciplined Forex Trader
Awareness # 7- "A Go-for-Broke" Attitude Demo trading can be fun and we believe it definitely has its place when you are learning to trade the Forex markets. It's also appropriate when practicing your entry and exit signals. BUT trading forex in a demo account is NOT...
by Kirk Norwood | Apr 9, 2008 | Entry Signals, The Disciplined Forex Trader
When the Forex market starts to move it is easy to get a rush of adrenaline and the desire to place a trade. I am sure many of us have chased a trade in the early days of trading only to find out that the market turned and came back against us. After a couple of whip...
by Kirk Norwood | Apr 7, 2008 | Entry Signals, Exit Signals
One thing I see Forex traders do is over trade their account. They may put on a few lots to start with, then they will put a few more lots on hoping that the market will come back for them. They do not even use a stop loss to protect their capital, they just put on...
by Kirk Norwood | Mar 3, 2008 | Entry Signals, Trading Tips
There are many ways and times to enter the market. You can just pick a time frame and trade with that chart. Or you can start by finding the trend and using that as the direction of the trade then enter when the price is at a good spot for you. Or you could use...
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....
