TEN: Must Have Trading Tools

by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips

A trader must see the big picture in trading to survive and prosper.  If you only look at the small time frames you are only seeing the foothills of a tall mountain.  It is necessary to look at the larger time frames and trade in the direction of the larger trend....

NINE: Balanced Life Trading

by Kirk Norwood | Jul 30, 2008 | Inside The Trader's Mind, Money Management, Planning A Trading Career, Trading Tips

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 mark of a good trader. You get a signal you make a trade you get another signal you exit a...

SEVEN: Call It What It Is

by Kirk Norwood | Jul 28, 2008 | Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Trading Tips

If you take trading seriously you will think of trading as a business. Not just a hobby, or a way to get a quick rush, or a way to escape life’s problems, or a way of spending some of your extra time. You can think of trading, as a lot of things but to make the big...

SIX: You Are In Charge

by Kirk Norwood | Jul 25, 2008 | Inside The Trader's Mind, Money Management, Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips

You are responsible for your success or failure as a trader.  You’re in charge of your trading, not the platform, not your broker, not your trading group Just you.  If something goes wrong you are the one that has to figure what to do to get out of any given...

Five: If You Can Picture It You Can Create It

by Kirk Norwood | Jul 24, 2008 | Inside The Trader's Mind, Money Management, Topics To Study, Trading Strategies

By seeing a trade develop you can see in your mind a win or a loss. Also in the markets can be seen what self-destructive behavior may impair your trading. When the price is moving in front of you, you start to anticipate what the market will do. When traders enter...

Four: Think Of Trading As Points And Percentages

by Kirk Norwood | Jul 23, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, Trading Strategies, Trading Tips

We talked about the amount of risk a trader has in the market now it is time to talk about how you feel about money. If you have a big attachment to money then it will cause a big emotional strain when you lose some of the money. One of the hardest things a new trader...