“Ham and Eggs: A days work for a chicken, a life lost commitment for a pig.”

by Kirk Norwood | Oct 10, 2008 | The Disciplined Forex Trader, Types of Traders

For the record I love ham and eggs.  This is not a plea for pita.  I saw this quote and had Awe ha! Moment, I wanted to share. Let me ask a personal question.  How do you trade?  Like a pig or like a chicken?  A pig trader is one who jumps into the market unaware...

Successful Traders Summaries

by Kirk Norwood | Oct 1, 2008 | Inside The Trader's Mind, The Disciplined Forex Trader, Types of Traders

Here are some thought by some of the best stock traders. Good trading principles apply in all markets. Also, everyone who is truly interested in Forex should read as widely as possible. Jesse Livermore: The World’s Greatest Stock Trader by Richard Smitten 1. Don't...

Personality And Trading Style

by Kirk Norwood | Aug 29, 2008 | Planning A Trading Career, Types of Traders

Much of a trader’s success has to do with his personality matching up with the trading style he chose.  No matter what the approach is you must plan your trades and trade your plans.  If not, your strategy is no better than random, and that is hardly a stable...

Are You A Trade Rusher?

by Kirk Norwood | Aug 1, 2008 | Inside The Trader's Mind, Trading Tips, Types of Traders

There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a...

Inside The Trader's Mind

by Kirk Norwood | Jul 17, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, Topics To Study, Trading Tips, Types of Traders

Over the next couple of weeks we will give you some of our thinking about why we are all different in our trading success. We have been asked what kind of results will we get with your trading system, what percentages of success will I get? Let's look at two...

The Excitement of a Flat Market

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...