by Kirk Norwood | Jan 6, 2012 | Trading Strategies
A stop loss is trading insurance. You can set the amount of your account you are willing to lose on a trade by setting a stop loss. This does not mean you will lose but this much but it protect you in the event the market make some unexpected moves. Trading with a...
by Kirk Norwood | Jan 3, 2012 | Trading Strategies
One way to make it easier to be decisive it to trade in the direction of a major trend. When You find the larger trend then take most of the trades in a smaller time frame going in the same direction as the larger trend. You may have a small loss once in awhile but...
by Kirk Norwood | Dec 30, 2011 | Trading Strategies
There are many good brokers. They all do things a little bit different. Choose a broker that feels good to you and gives you the support you need. If you don't like the way a client service person talks to you ask for another person at that brokerage or change...
by Kirk Norwood | Dec 27, 2011 | Trading Strategies
Decide what your monetary goals are: 1. Devise a trading plan to realize your goals 2. Remember that you have overheads 3. Remember that risk is involved 4. Your target remuneration must be realistic and make allowances for risk 1. Make a trading plan that is short,...
by Kirk Norwood | Dec 23, 2011 | Trading Strategies
There is a cost when learning how to trade. Either you pay for the education through courses and coaching or you pay for the education by losing your money to trial and error. There is power in a sequence or a schedule. Figure out what works for your situation...
by Kirk Norwood | Dec 20, 2011 | Trading Strategies
When most traders start trading they still need to have a source of income while they are learning how to trade. They may use retirement income, full time job income, etc while they learn. The important thing is to have your basic needs taken care of while you are...
