Blood Parrot attacking another?

I have a Blood Parrot in which i have owned for about 5 months.
Today i added a second Blood Parrot (slightly smaller)
The older Parrot seems to be chasing the new one all over the tank & seems to be trying to nip at its fins.
When the older one isnt chasing the new one, the new one tends to stay at the corner of the tank.
There does not seems to be any damage done to the new Parrot yet.
I realize that Parrots seem to be a little shy in a new tank at first.
Is it normal for a Blood Parrot to pick on another Blood Parrot.
Will this behavour stop in a day or two or should i take some king of action?
Please do not answer this question unless you have had Blood Parrots in this similar situation yourself.
Thanks.

It happens sometimes with them. The ones I have are all very docile and peaceful with each other, and I've never had any problems like that. But, I have heard some horror stories as well, even worse then yours One thing you can try, move the decorations around in the tank. That's a common suggestion when you're introducing new cichlids in an established tank. It kind of confuses them, and makes them have to re-establish their territory.

If that doesn't help, give it a few days and see if the one calms down. If it doesn't, you may need to get rid of one or add a tank divider for awhile until he/she gets used to the other-if he/she ever does.