by Kirk Norwood | Feb 22, 2008 | Trading Tips
I hope you all enjoy this valuable tip and have a great weekend. Happy Friday! When doing market analysis, be sure to determine the general trend of the market first. To do this I use the 4 hour chart. I heard early in my trading career to always trade in the...
by Kirk Norwood | Feb 20, 2008 | Trading Tips
Hi everyone, I hope everyone is doing well and trading smart. The tip that I am offering today has helped me tremendously! Enjoy. You can minimize your losses by starting out small and adding on to the trade once it is going in your favor. When you do lose, you lose a...
by Kirk Norwood | Feb 15, 2008 | Trading Tips
One of the most simple but costly mistakes many traders make is by rushing into a trade. Meaning, they made a trade where they didn't want, trading the wrong currency pair, bought instead of sold, etc... Double check your trading plan, the order entry buttons, the...
by Kirk Norwood | Jan 28, 2008 | Trading Tips
There are two things we all must learn. How long to stay in a trade when it is going against us and how long to stay in a trade when it is going in our favor. We need a system and a set of rules that guide us on the beginning stop loss so it does not let us lose too...
by Kirk Norwood | Jan 25, 2008 | Money Management, Trading Tips
When you trade you need the odds in your favor, just like the casinos have the odds in their favor. They know that for every dollar that comes in the door they will keep a percentage of it. It does not have to be much but over time it does add up. Just look at all the...
by Kirk Norwood | Jan 17, 2008 | Emotions, Trading Tips
There are certain things that must be kept out of your trading, such as emotion, revenge, anger, your pocketbook, and fear. Every trader should follow a set of rules or guidelines in order to be a successful trader. When you trade without rules, you are essentially...
