by Kirk Norwood | Jun 5, 2008 | Trading Tips
You May Make Money With Trading Systems If: You use a system that has a greater chance of winning over losing. You have back tested the system properly. You use a system that will work in different markets. It has solid rules to trade by. You work just as hard at the...
by Kirk Norwood | Jun 4, 2008 | Money Management, Trading Tips
If you want to be a serious trader you will have a money management plan and set up risk parameters. When you have a reasonable risk plan, you increase your chances of making money as a trader. Also consider if you can afford to trade what you want and if you can...
by Kirk Norwood | May 29, 2008 | Emotions, The Disciplined Forex Trader, Trading Tips
The currency market has the most leverage of any financial market in the world. You can put in $1 and get $100 of leverage or you might use $1000 and get $100,000 of leverage. This is one of the reasons that makes the currency market so interesting, exciting, and...
by Kirk Norwood | May 27, 2008 | Money Management, Trading Strategies, Trading Tips
If you are trading on the shorter time frames you have to trade a lot of hours. You are constantly looking at the charts trying to find the right setup to enter.  The trades come and go. They are small so you have to do a lot of trades to make any money. When...
by Kirk Norwood | May 23, 2008 | Trading Tips
Wow, what a week! Now that the release of the Launch Pad trading system is winding down, I finally have a moment to take a breather and get back to posting some thoughts and tips. I have had a lot of questions about this topic so I thought I would write about it....
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...
