by Kirk Norwood | Jul 2, 2008 | Money Management, Planning A Trading Career, Trading Tips
Here are a few reasons when it is unwise to trade With Real Money 1. When the market is moving sideways and there is no real movement of any importance. 2. When you are ill. 3. When you are tired 4. When you are emotionally distracted with other issues. 5. When you...
by Kirk Norwood | Jun 27, 2008 | Money Management, Trading Strategies, Trading Tips
a. Add only to winning positions. b. Never add to a losing position. One of the most important money management rules that a trader should never break is ‘Never add to a losing trade’.Trades are split into winners and losers, and if a trade is a loser, the chances...
by Kirk Norwood | Jun 19, 2008 | Money Management, Trading Tips
Have you ever heard that a change is as good as a rest? Have you noticed that you can get more done after having an extra day off, i.e. a vacation or holiday? There was a study done with some men that were unloading heavy objects from railroad cars. The first...
by Kirk Norwood | Jun 9, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
When most traders start to trade they think of entering and exiting trades as the most important part of trading. Then one day it dawns on them that there is more to trading; it is called Money Management. By controlling losses and protecting profits, a consistent...
by Kirk Norwood | Jun 4, 2008 | Money Management, Trading Tips
If you want to be a serious trader you will have a money management plan and set up risk parameters. When you have a reasonable risk plan, you increase your chances of making money as a trader. Also consider if you can afford to trade what you want and if you can...
by Kirk Norwood | Jun 2, 2008 | Money Management, My Trades
This video shows two more trades I made. The first was made on the GBP/USD, and the second was on the EUR/USD. Both were based on the Jump Start strategy.
