by Kirk Norwood | Dec 9, 2008 | Disciplined Trader Series, Emotions, Exit Signals, Money Management
When you are waiting for the market to set up and give you the proper entry or exit signals you are showing discipline. When you exercise discipline you will make more money and lose less money. There is one constant truth about the markets and that is discipline...
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 | Aug 25, 2008 | Exit Signals, Trading Tips
A trader can be in a trade that goes down but is only a little against him. He has his stop on at a comfortable level but he knows the trade is wrong but stays in because the stop has not been hit. Since he has not been stopped out he holds on thinking it is a...
by Kirk Norwood | Aug 15, 2008 | Exit Signals
When exiting a trade, you can do so under four different assumptions. In the best of worlds, exit technique number one is the profit target.   Exit technique number two is the trailing stop, which comes into play when the market is starting to move against you...
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 | Aug 8, 2008 | Exit Signals, Trading Strategies
In real estate the three most important things to an investor are location, location, location.  In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a...
