by Kirk Norwood | Jul 22, 2009 | Emotions, Entry Signals, Exit Signals, Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies, Trading Tips
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow...
by Kirk Norwood | Jul 17, 2009 | Inside The Trader's Mind, Trading Strategies, Trading Tips, Trends
Once you know what to expect from your system, you must have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators to give you the entry sign you can look at...
by Kirk Norwood | May 22, 2009 | Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies
When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter...
by Kirk Norwood | May 15, 2009 | Inside The Trader's Mind, The Disciplined Forex Trader
Over the next few week 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? Lets look at two...
by Kirk Norwood | May 8, 2009 | Inside The Trader's Mind, Inspirational, The Disciplined Forex Trader, What Trading Really Is- Series
Click here for Post Eight of ‘What Trading Really Is’ Series Trading is all about making money. If you are doing it for any other reason then you are doomed for failure. You need to trade from good old mechanical thinking, which is a...
by Kirk Norwood | Apr 15, 2009 | Inside The Trader's Mind, Mentor's Corner
A trader can talk about what it takes to become a good trader but that is not enough. A trader has to be able to give himself or herself a good assessment of what he is doing right and wrong. A trader not only needs to know how to trade his system he needs to...
