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...
by Kirk Norwood | Jul 1, 2008 | The Disciplined Forex Trader, Trading Strategies, Trading Tips
We have seen over the years traders will trade without a stop loss for fear of a small loss. When the market turns against them they let it run in the wrong direction rather than getting into the trade and trade with the move. Their total focus is set on wishing...
by Kirk Norwood | Jun 30, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Types of Traders
There are three main trading styles. They are: Day traders      1-5-15 minute time frames Swing traders   30 minute to 4 hour time frames Position traders   1day and longer (These are general rankings for the time frames of the trading styles) Day...
by Kirk Norwood | Jun 27, 2008 | Money Management, Trading Strategies, Trading Tips
a. Add only to winning positions. b. Never add to a losing position. One of the most important money management rules that a trader should never break is ‘Never add to a losing trade’.Trades are split into winners and losers, and if a trade is a loser, the chances...
by Kirk Norwood | Jun 26, 2008 | Trading Strategies, Trading Tips, Types of Traders
We hear the pros and cons of trading short term vs. long. If a traders wants to sit in front of their computer for long hours day after day then they can trade short term. If traders love to trade and want to have a life in addition to trading they should look at...
