Forex - 99% Discipline

DISCIPLINE: to train by instruction and exercise; drill

I can not stress enough the importance of being extremely disciplinedwhen trading the FX market. Without it I guarantee you you will lose a lot of money. Discipline means sticking to your trading plan. You did make a plan, I mean you planned your trade, right?

Taking the time to plan your trades is part of preparation. To prepare however, you need a very good understanding of the FX markets and the tools needed to analize it, that's enlightenment. If your are "enlightened" then the last piece of the puzzle is patience. Use your enlightenment to prepare you plan. Be patient and wait for the signal you are looking for and enter the market only when your plan calls for. If you are disciplined enough to learn prepare and wait for your signal to hit you will be profitable.

Discipline, Enlightenment, Prepararation, Patience-----DEPP