by Kirk Norwood | May 6, 2008 | The Disciplined Forex Trader, Trading Tips
The basic truths help me to realize that the market has a life of its own and I can not control the market so I just need to learn how to work within the markets movements. 1. The market is always changing so anything can happen. 2. You don’t need to know what is...
by Kirk Norwood | May 2, 2008 | Trading Tips
The movement in the currency market around news time is because of the way people perceive what the news is, not what the news actually is. From studying many experienced traders and my own observations, the fundamental movement from the news announcement is impactful...
by Kirk Norwood | Apr 15, 2008 | Trading Tips
What is automated trading? Automated trading can also be known as expert advisors (EA’s), or Robots. EA’s are most commonly thought of as a system that once turned on will open and close trades by itself and make a fortune in the currency market. Ideally,...
by Kirk Norwood | Apr 10, 2008 | The Disciplined Forex Trader, Trading Tips
When a trader sees the market take off, then decides to place a trade just because the market moved a little bit in one direction or another he/she is chasing a trade and thus buying into motion. Never buy into motion. The reason is because you see the motion, get...
by Kirk Norwood | Apr 2, 2008 | Money Management, Trading Tips
One of the first things I was taught when I started trading was how to increase my trading by 100% in ten minutes. There were several parts to this formula but the one I want to talk about here is the stop loss. We all need to give the market a chance to breathe. The...
by Kirk Norwood | Mar 31, 2008 | Trading Tips
This video was about a conversation I had with another trader. After talking to him I looked at my charts on the longer time frames and could see that it would be best to wait for better signals before entering a trade. When the whole picture unfolded you can see what...
