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 5, 2008 | Exit Signals
There is a saying: "cut your losses and let your winners run." I know that is not what some people teach, they say when you get some profit you should bank some of the profit and move your stop loss to a break even. That way you will not take a loss on the...
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....
