by Kirk Norwood | Jan 30, 2008 | Money Management, Planning A Trading Career, Trading Strategies
When you trade with a plan, it will be easier for you to reach some realistic goals. When you start to trade you need to focus on becoming a consistent trader and learn some good trading rules. Don’t try to make money. Learn to make pips and the money will come....
by Kirk Norwood | Jan 25, 2008 | Money Management, Trading Tips
When you trade you need the odds in your favor, just like the casinos have the odds in their favor. They know that for every dollar that comes in the door they will keep a percentage of it. It does not have to be much but over time it does add up. Just look at all the...
by Kirk Norwood | Jan 24, 2008 | Money Management
When new traders start learning how to trade, most of them, think it is all about entering and exiting trades. Yes that is a big part of trading but you will become more successful if you learn how to manage your money. Here are a few tips about managing your money 1....
by Kirk Norwood | Jan 22, 2008 | Money Management
This is a common question I get. It will probably be different for everyone, but I would suggest that trading be kept small unless you are very well financed. That way, the way the market moves and not your own financial condition will influence how you trade. On the...
by Kirk Norwood | Jan 18, 2008 | Money Management, Planning A Trading Career, Trading Courses
When you are just starting out, be a small trader. Even if you have a lot of risk capital you should start out with a mini account. At this time you need to learn the industry and it's terminology, the way your brokers does things, the way the platform works, how to...
by Kirk Norwood | Jan 10, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
Once you’ve made a nice profit start to look for your exit signals. Once you have made a lot of money on a trade it is tempting to try and milk a little more out of it. You need to watch your signals and trust them to tell you when it is time to close a trade. One...
