Meta Trader 4 Platform Quiz

by Kirk Norwood | Feb 20, 2010 | Mentor's Corner, MT4 Tips, Topics To Study, Trading Strategies

Do you know what these terms mean? Waiting for Update Trade Context is Busy Bid – Ask MT4 charts are bid charts Margin Waiting for Update “Waiting for Update” is a common message with a new account or when switching between a mini and a standard accounts. There...

Is It The Market OR Are You The Problem?

by Kirk Norwood | Feb 6, 2010 | Inside The Trader's Mind, Mentor's Corner, My Trades, Trading Strategies, Trading Tips

Do you find yourself hesitating to pull the trigger on trades, and when you look back you say, I could have made a lot of pips on that one if I had only. Do you still leave trades on hoping they will come back.  You know the “blowout trades” that take all of the...

How To Handle A Whip Saw Market

by Kirk Norwood | Jan 14, 2010 | Inside The Trader's Mind, Mentor's Corner, Topics To Study, Trading Tips

There is no system that can prevent the market from whipsawing. There will be times when you will have a loss.  By learning how to manage trades to minimize your losses your account can grow. This is the way we like to take the higher probability trades.  When we...

How To Become A Smart Loser 3 of 7

by Kirk Norwood | Jan 4, 2010 | dominating the fear of loss series, Exit Signals, Mentor's Corner, Trading Strategies, Trading Tips

If you have learned a good trading system and know the mechanics of entering and exiting trades and you can make money on a demo account, this does not meant you have the temperament to trade successfully. Most people can learn the mechanics of trading and talk the...

A Hole New World; Moving From Demo To Live Trading 2 of 7

by Kirk Norwood | Dec 22, 2009 | dominating the fear of loss series, Entry Signals, Exit Signals, Mentor's Corner, Trading Strategies

Trading is not a natural endeavor for us.  We have no basic skills or understanding of how it works when we first start out.  We have to learn from scratch.  Everyone has to start somewhere.  Some new traders have the all or nothing attitude with little or no...

The Power of Observation

by Kirk Norwood | Oct 28, 2009 | Emotions, Inside The Trader's Mind, Mentor's Corner, The Disciplined Forex Trader, Trading Strategies

One of the basic skills a trader needs to possess or develop is the power of observation. They need to become students of observation. This skill of observing things does not just apply when you are trading and looking at charts it will carry over in to the rest of...