6. Generate trades. 6 of 12

by Kirk Norwood | Aug 7, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips

Where and how will you find your next trade? Through sitting in front of the computer for hours? Via:  an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money. The process of...

5. Create a magnificent trading picture. 5 of 12

by Kirk Norwood | Aug 5, 2009 | Create Trading Plan - Series, My Trades, Trading Strategies, Trends, Types of Traders

Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your...

4. Develop your core strengths. 4 of 12

by Kirk Norwood | Aug 3, 2009 | Create Trading Plan - Series, Entry Signals, Trading Strategies, Types of Traders

Identify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths should be easy to spot. Then make those strengths the core foundation that you use when trading.  You may be good at picking entry points. You may be good...

3. Identify your remarkable strengths. 3 of 12

by Kirk Norwood | Jul 31, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips

As part of you trading plan you should find out your win-loss ratio.  This can be done by using the “Trade Tracker”. When you purchase launch Pad you will find the “Trade Tracker” as one of the tools.  By tracking groups of say 20 trades at a time, and...

2. Define your ideal trade. 2 of 12

by Kirk Norwood | Jul 29, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips

New traders try to learn how to do everything and never become good at anything.  You must narrow your trading focus to grow.  Look at your current personal schedule.  What time do you have available to trade?  Why are you trading in the first place?  You'll...

Create a Stellar Trading Plan in 11 Easy Steps 1 of 12

by Kirk Norwood | Jul 27, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips

The single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for the hills, let me clarify. I am not referring to an academic exercise from a book. I'm talking about a simple plan that details who you are, what you are...