To Hedge Or Not To Hedge

by Kirk Norwood | Sep 24, 2008 | Inside The Trader's Mind, Planning A Trading Career, Topics To Study

When I first started trading and heard about hedging I thought it was a great idea.  Since then it has been a nightmare on a few occasions until I stopped using that trading method.  The only way I have been able to trade out of a hedge was when it was small, less...

Where Are You Trading: In The Past, In The Present, In The Future?

by Kirk Norwood | Sep 19, 2008 | Inside The Trader's Mind

Take a look at your trading if you are not doing well, you will most likely find that you are not trading in the present.  You may be over thinking the market.  Your thoughts may be on past successes or past failures which take you away from trading in the...

To Chat Or Trade

by Kirk Norwood | Sep 17, 2008 | Indicators, Inside The Trader's Mind, The Disciplined Forex Trader

I was reading a statement by a trader the other day and I found it quite amusing.  This is what he says “Lately it just seemed that some folks where hanging out to catch a trade call and make some money.”  I am not sure what a trade call is but I was thinking...

Market Guessing Game

by Kirk Norwood | Sep 16, 2008 | Inside The Trader's Mind, Jump Start, Launch Pad, Money Management, The Disciplined Forex Trader

I found this amusing.  I was asked to go to this chat forum and see what they were saying about the market.  Here are four of the comments I saw. Hi, I join the tread started by ……. and ask you guys the same question about GBPUSD the coming week, any views on...

Losing Is Part Of Trading

by Kirk Norwood | Sep 15, 2008 | Emotions, Inside The Trader's Mind, The Disciplined Forex Trader

As a trader we need to accept the fact that we will lose some of the time.  If you understand this, then you must have measures in place to protect yourself from the losses when they come. We can't avoid all losses, but we can manage our risk. The first thing you...

Feel Stuck With Your Trading?

by Kirk Norwood | Sep 12, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader

If you feel stuck in your trading you don’t seem to be able to make any considerable progress.  Maybe you are lousing a little then maybe you should go through your mission statement and business plans again. Review these and reacquaint yourself with what you’re...