by Kirk Norwood | May 7, 2008 | Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I had a few random thoughts about the market and thought that I would post them as tips below. I hope they can be beneficial and make sense! 1. Best way to manage risk. Always trade with a stop loss. Control the size of your trades-Know the Percent of your account to...
by Kirk Norwood | May 5, 2008 | Planning A Trading Career, The Disciplined Forex Trader
This check list helps to keep me on target I would suggest you refer to it on a regular basis. It has helped me throughout my years of becoming a more experienced Forex trader. 1.   I objectively identify my advantages. 2.   I determine the risk of each trade...
by Kirk Norwood | Apr 29, 2008 | Planning A Trading Career, The Disciplined Forex Trader
Effective traders are always working to improve their knowledge and abilities. Although you will not use all you know on each trade, increased knowledge will build your trading skills and ability to trade your own beliefs about the market. You will know you are...
by Kirk Norwood | Apr 28, 2008 | Money Management, Planning A Trading Career, The Disciplined Forex Trader
When did the training wheels come off the bike? When does the parent let the new driver go solo? When can the new pilot fly solo? When does a trader start to use real money? The answer to these questions will be different for everyone. One of the first things...
by Kirk Norwood | Apr 17, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Types of Traders
Your success as a Forex trader is measured primarily by your commitment to studying the markets, learning trading signals, being patient, and waiting until good trades make themselves known. It is also important to manage your money by the amount of lots you trade and...
by Kirk Norwood | Apr 1, 2008 | Planning A Trading Career
Don’t fall for one. One of the first things you must learn about the Forex market is that although it is enjoyable and exciting, there is no magic button that will instantly turn your pennies into millions of dollars. There are companies purposely misleading...
