by Kirk Norwood | Mar 24, 2008 | Money Management
One of the best ways to lose your money is to try and trade when you need the money to pay bills. You do not have any room for a draw down. If you have a loss then you try harder to make it up to reach your required objective. When you do not reach it you start to...
by Kirk Norwood | Mar 19, 2008 | Money Management, The Disciplined Forex Trader
What is noise? Noise is when the market is moving up and down in short moves. This can be seen in smaller time frames very easily. For example, on the 5-minute time frame you will see the market move in 10-15 pip cycles, then it moves for 20-25 in one direction or...
by Kirk Norwood | Mar 18, 2008 | Money Management, Trading Strategies
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 than...
by Kirk Norwood | Mar 10, 2008 | Money Management
Blowing up a trading account can be beneficial if you learn from it. The reason we suggest to blow up a DEMO account-never a live account-is to learn Money Management skills. Looking for the way the platform handles the free margin and free margin percentage is the...
by Kirk Norwood | Mar 6, 2008 | Money Management
If you are getting close to a margin call then you have done some poor money management on the trade. You have done one or more of the following: 1.   You have over traded your account. 2.   You were trading without a stop loss. 3.   You have not set any...
by Kirk Norwood | Feb 5, 2008 | Money Management
You need three things in your trading system to have the edge you are looking for: 1. Signals that give you distinct alerts for entry and exit points. 2. The ability to determine the direction of the trend, so you know which way to trade. 3. A system which allows you...
