by Kirk Norwood | Sep 9, 2008 | Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold. When one currency goes up the other is supposed to come down keeping them in correlation. This way you would have a hedge on your trades and you...
by Kirk Norwood | Sep 5, 2008 | Money Management, The Disciplined Forex Trader, Trading Tips
I once heard a trader say that after he made some money in his account he would take out the original investment. Then he was only playing with money he didn’t originally have making the losses not hurt as much. It became easier to make money because he had...
by Kirk Norwood | Sep 3, 2008 | Emotions, Money Management, The Disciplined Forex Trader
I just read an interesting article about when to stop trading live and go back to demo trading. Go to demo when you have lost 9% of your account. Trade on the demo account one week for every 2% of your account that you lost. We all know that it is better to have...
by Kirk Norwood | Sep 2, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Tips
I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes†Jesse Livermore “In order to make a success, the...
by Kirk Norwood | Sep 1, 2008 | Trends
At the time of these announcements there is a high probability that the market will make a significant move. We do not trade the news, but we do trade after the news has been announced and when an entry signal appears. Consumer Price Index for the USA USA Non-Farm...
