by Kirk Norwood | Dec 24, 2008 | Disciplined Trader Series, Emotions, The Disciplined Forex Trader, Trading Tips
The first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade. It has been said that it is never a loser until you get...
by Kirk Norwood | Dec 12, 2008 | Disciplined Trader Series, Emotions, Inside The Trader's Mind, Trading Tips
Have you ever done let a winner turn into a loser? We all probably have especially in the beginning of our trading careers. This is one of the first steps in learning how to manage a trade and use good money management techniques. When you let a...
by Kirk Norwood | Dec 11, 2008 | Disciplined Trader Series, Emotions, The Disciplined Forex Trader, Trading Tips
When things are not working out for you cut down on the size of the lots you trade until you get back on track again. All good traders will follow this rule. Why continue to lose on five lot trades when you could save yourself a lot of money by lowering...
by Kirk Norwood | Dec 10, 2008 | Disciplined Trader Series, Indicators, The Disciplined Forex Trader, Trading Tips
Wait for the market to come to you 100% of the time to prove that you are disciplined. If you chase the market then you are not disciplined. If a trader says he waits for trades but anticipate the signals and jumps in the market then he in not a disciplined...
by Kirk Norwood | Nov 18, 2008 | Topics To Study, Trading Strategies, Trading Tips
In the following illustrations you will see the equity level change and the Margin Level % change. There are several views of the change in a positive direction and one view with a negative direction. The Margin Level % is calculated by dividing the equity by...
by Kirk Norwood | Nov 14, 2008 | Trading Strategies, Trading Tips
This is the second part of a great article we introduced yesterday about your emotions and the psychology of trading. Sometimes not trading is the best trade of all. Read on. The GotForex Weekly Newsletter by Rob Booker Are you currently experiencing unusually large...
