Have patience. It's patience that makes a trader.

You see, trading is a lot like hunting. If you've never been hunting, let me explain it to you. You're quiet, you hold still (you get very cold), and you still might not see what you went out to find.

It's just like that trading forex. The trade comes when you're not expecting it. Most of your time is spent waiting.

Just waiting . . .

It drives beginning traders crazy. They start trading too much, taking trades that aren't really there. (Thus the invention of the phrase "overtrading.")

I'm not sure who created the image of the trader being this frantic, wild person, who executes 100s of trades a day. I think it's because of the pit traders.

But there are no pits in the forex market. And there is no way you should try to trade like a pit trader. Sit back and wait. When a good trade comes along, pounce.

In the mean time, learn to wait. I'm not overstating the facts when I tell you that one of the huge differences between pro traders and beginners who continually blow accounts is the fact that the pros have learned to wait.

This patience seems even harder for day traders to learn. This is the reason, forex "guru's" say that you should avoid day trading (or that it's impossible to do). It's not, but the amount of patience needed is incredible.

Could you watch your charts for four days in a row, not see a good trade setup, and not take a trade out of boredom. Not many people could . . . and that's why day trading is so hard.

Patience, it's the key.

Do you want to learn more about how I trade? I have just completed my brand new guide, "Forex Trading - What Finally Worked For Me".

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Nathan Pennington is a forex trader and the author of Winning Forex Trading -THE Definitive Guide