How to succeed while Trading Forex

Most FOREX traders know every thing including all the indicators, market analysis and money management but lack the right orientation and what it actually takes to succeed in the trade.

It takes, what I call PIP (Practice, Intelligence and Perseverance) to really succeed in the money market.

Patience plays a big part in trading. Take the trades only if you are at least 75% sure of profiting from it. If you are not sure, stay away from the trade. Staying on the sideline is as good as winning.

Never trade against the trend especially with a high volatile pair like GBP/JPY. It may give you a couple of winning trades. But it's going to get you in the long run.

Always have a trading strategy, make a habit to stick to it no matter how desperate you are. Your charts are your FOREX bible. Everything that you need to know about FOREX is on your charts. You will learn something new everyday from you charts.

Specialize in one or two currency pairs. 
Stay away from the ranging markets. There will be enough of trend break outs on this pair than you ever want.

You must rid yourself of the get-rich-quick mindset. There is a disease that most of the people looking to better themselves have; it is the "make a lot of easy money fast" disease. It comes from reading too many books full of hype and too many infomercials. It will destroy your ability to make significant money at anything, especially trading.

You must not be greedy while trading, learn to get satisfied with the profit you have realized and exit where necessary).

Traders are a greedy bunch. Less greedy once are the most successful once. 
Don't try to chase every single pip (profit in point)) or market movement. Have a realistic daily, weekly or monthly target as a percentage of your account, not the number of pips. If you have already achieved that target stay away from the market. Your gain should be more than your losses. Do not try to cover all your previous losses from your next trade.

At last ... remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience lots of sacrifices and learning. Don't be afraid of mistakes. You have to practice and make research; Sign up for one good broker now and start practicing. So practice some more. If you do this right, you can make money trading FOREX. Yes I know you can.

Just follow the steps, okay, Practice! What it takes to succeed in FOREX trading is the guts to keep practicing and maintain self discipline.