by Kirk Norwood | Aug 12, 2008 | Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips
Having two or more versions of the trading platform can be helpful by putting different accounts or charts on each platform then watching both at the same time on different monitors (if you have two monitors). This way it is easier to track more stuff and have...
by Kirk Norwood | Aug 1, 2008 | Inside The Trader's Mind, Trading Tips, Types of Traders
There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
A trader must see the big picture in trading to survive and prosper. If you only look at the small time frames you are only seeing the foothills of a tall mountain. It is necessary to look at the larger time frames and trade in the direction of the larger trend....
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...
