by Kirk Norwood | Jan 7, 2008 | Money Management, Trading Tips
When you enter a position you need to also put a stop loss on. You will find out soon that losing is part of trading. When you control your losses then you are also learning to control your profits. You learn to be aware of the market and have a feel for what it is...
by Kirk Norwood | Jan 4, 2008 | Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Trading Tips
Have you ever stopped to think why the trading techniques that work for the world's best trading gurus aren't working for you? Why can they achieve substantial gains while you're left in the dust? What do they know that you don't? In reality, they know a lot of things...
by Kirk Norwood | Jan 3, 2008 | Money Management
When you start with a small amount of lots and a stop loss you will be cutting your losses short. Then when the trade goes in your direction you will be able to add on to the trade and let it run. Thus cutting losses and letting profits run. When you are new to the...
by Kirk Norwood | Dec 22, 2007 | Money Management
A good rule to follow is to always use good money management. The market doesn’t care if you win or lose your money. It is always moving and there is always something happening. Some people get into a trade and let it run against them thinking it will come back....
