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...
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...
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...
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...
by Kirk Norwood | Jul 21, 2008 | Inside The Trader's Mind, Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips
Trading any of the financial markets is a one on one activity. If someone is going to do it for you it is you. You will need to follow a trading plan and guess who is going to have to write that trading plan. You can get examples of how to construct a trading...
by Kirk Norwood | Jul 18, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Tips
When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities. The thing you already know is that the probabilities are in the favor of the house. When you use a trading...
