DEVELOPING THE HABIT OF A SUCCESSFUL TRADER

   Whatever you are today is the result of the decisions you take everyday. You are what you do. Everything you are today and will ever be in the future is as the results of the decisions you make everyday in life. "Habit my friend, is practice long pursued, that at last becomes the man himself" (Evenus). If  you want to start making it in Forex trading, You need to develop good trading habits. If you have bad trading habits, you can develop good trading habits, because you learned the habits, and since it was learned, the bad habits can be unlearned. All you need to do is to replace the bad trading habits with the good ones. Napoleon Hill once said "whatever the heart of man can conceive and believe, it can achieve. If you believe and have the self-discipline to form new trading habits, then there is absolutely nothing that is going to stop you from doing that. All  you need is self-discipline.
   Self-discipline is the ability to make yourself do what you should do, when you should do it, whether you feel like it or not. Forming a new habit requires self-discipline, it requires a high level of commitment , patience and persistence until you eventually form the new habit. The law of habit says whatever you do repeatedly eventually becomes a habit. "Any act often repeated soon forms a habit; and habit allowed, steadily gains in strength. At first it may like a spiders web easily broken through, but if not resisted, it soon binds us with chains of steel." (Tyron Edwards).
   Good habits are hard to form and easy to live with. Bad habits on the other hand are easy to form and hard to live with. Let me elaborate, the bad habits over trading, gambling your money in the market, trading without a trading plan, trading lower time frames, not using a trading journal, and using indicators and trading robots are easy to form but the consequences are hard to live with because you will end up losing your money, not sleeping well and eventually blowing your trading account. On the other hand, if you develop the habits of a professional trader which is hard to form at first, the consequence will be consistent profit and joining the top 10% of Forex traders in the world. For more information on habits read Brian Tracy's book titled "million dollar habits."
THE HABITS OF A SUCCESSFUL TRADER
A successful trader have the following habits;
 TRADING PLAN
A successful trader always use a trading plan. Trading without a plan is like going on a journey without knowing where you are going and you move back and forth like a pendulum bob. But a trader with a trading plan is like a man going on a journey with a map and he knows his destination and moves steadily towards his destination. A trading plan gives you the reason why you are in the trade, it defines your entry and exit strategy and tells you your risk reward ratio. For more information on how to form a trading plan, visit Nial Fuller's website learntotradethemarket.com and read his article on that topic.
TRADING JOURNAL
A trading journal helps you to measure your performance and see whether you have achieved your goals or not. It helps you to keep on track and measure your performance.
DEMO TRADE
Make sure you demo trade for 2 - 3 months to test your strategy before you start trading live. A successful trader has the habit of demo trading first before risking his hard earned money in the markets.
MONEY MANAGEMENT
This is one of the most important habit of a successful trader. A successful trader risk only the amount of money you are comfortable with losing. Any trade can be a loser or winner, due to the power of proper money management you can lose 60% of your trades and still make a profit. So proper risk reward ratio are one of the arsenal of a successful trader. Do not risk more than you can handle, if you have proper risk reward ratio, you can lose 10 trades in a row and still have money in your account, this is what money management can do for you.
KEEP IT SIMPLE
Do not over complicate your charts with indicators and trading robots, a successful trader analyzes plain price action and does not use indicators. Draw your support and resistance horizontal lines and watch for price action signals to form at those levels. Indicators and robots will only confuse you more and end up complicating things.
AFFIRMATIONS AND VISUALIZATION 
A successful trader uses daily affirmations and visualizations everyday. He has the habit of an incurable optimist. He writes his affirmations, goals and reads it everyday before he sleeps and when he wakes up in the morning.
INVEST IN YOURSELF AND TRADING EDUCATION
A successful trader has the habit of reading  on his field for at least 30-60 minutes daily. The illiterate of today is somebody who has stopped learning. A successful trader has the habit of attending workshops and seminars with the professional traders. If you do that everyday and apply what you read you will eventually join the top 10% of Forex traders.
SELF-DISCIPLINE
A successful trader is disciplined, patient and consistent. He patiently waits for his trading edge to be present before he enters the trade. He has the discipline to follow his trading plans, he dwells on higher time frames and has the discipline to record all his trades in his journal. Self-discipline is the ultimate and it is the most important habit you need to develop. Thank you

NEVER GIVE UP

Never give up on your goals no matter the failure and obstacles, whenever you are faced with a setback and negative situation, look within the situation and find the valuable lesson you will learn and move on. Micheal Jordan was once told he could not play and cut off from his high school basketball team, Albert Einstein was once told he was very dull and cannot learn anything, Thomas Edison failed 100 times before he could produce the light bulb, Abraham Lincoln lost so many elections and experienced so many setbacks before he was elected president of the united states in 1860 and became one of the best presidents in the history of the United States. All these great people never gave up on their dreams and goals and later became one of the top people in their field, if they can do it, you can do it. Believe in yourself and your abilities and you will get there. Its like trying to break a rock to find a diamond, you hit the rock 99 times and still no crack then suddenly at the 100th hit the rock breaks and behold you find your diamond. Do you think it's the 100 hit that broke the rock and gave you the diamond? The answer is no, it is the accumulation of all d hits that gave you the diamond, if to say you quit at d 50th or 90th or 99th hit you could not have got the diamond, that is why it is important you keep on keeping on until you eventually succeed. When Thomas Edison was asked about how he failed 100 times before he could make the light bulb his answer was I did not fail a 100 times, I just found 100 ways in which the light bulb could not work.Just sit down and see the mistakes you have been making and why you are not succeeding and make some adjustments and you will eventually get there and achieve all you want in life. I leave you with this " You can do anything you think you can. This knowledge is literally the gift of God, for through it you can solve any human problem. It should make of you an incurable optimist, it is the open door to unlimited possibilities" (Robert Collier). NEVER GIVE UP AND WHEN YOU GET KNOCKED DOWN STAND UP ON YOUR FEET AND GET BACK UP.