by Kirk Norwood | Jul 14, 2008 | My Trades, Trading Strategies, Trading Tips, Trends
When a trader makes a trade he should always monitor the trade no matter how long he is going to keep the trade on.  To monitor a trade easily it is best done on time frames higher than those in which he normally trades. A trader can see a trade more clearly when...
by Kirk Norwood | Jul 11, 2008 | Trading Tips
We get asked all the time about converting times, trading times, and market hours. Here are two sites to help with GMT conversions and FX market hours: www.timeanddate.com (see the 'World Clock' function) www.forexmarkethours.com Hope you enjoy and find a use for...
by Kirk Norwood | Jul 3, 2008 | Planning A Trading Career, Trading Strategies, Trading Tips, Types of Traders
We have heard many complaints from traders about the market being flat, the market is dead etc. Is that the real problem or is it that traders do not know what to look for when the market is going sideways? For new traders it is soon learned that sideways markets are...
by Kirk Norwood | Jul 2, 2008 | Money Management, Planning A Trading Career, Trading Tips
Here are a few reasons when it is unwise to trade With Real Money 1. When the market is moving sideways and there is no real movement of any importance. 2. When you are ill. 3. When you are tired 4. When you are emotionally distracted with other issues. 5. When you...
by Kirk Norwood | Jul 1, 2008 | The Disciplined Forex Trader, Trading Strategies, Trading Tips
We have seen over the years traders will trade without a stop loss for fear of a small loss. When the market turns against them they let it run in the wrong direction rather than getting into the trade and trade with the move. Their total focus is set on wishing...
by Kirk Norwood | Jun 27, 2008 | Money Management, Trading Strategies, Trading Tips
a. Add only to winning positions. b. Never add to a losing position. One of the most important money management rules that a trader should never break is ‘Never add to a losing trade’.Trades are split into winners and losers, and if a trade is a loser, the chances...
