[Dutchie]

It is a commonly known fact that only 5% will ultimately succeed in trading. Unfortunately this is not mentioned in the article.

Trading is extremely difficult and requires certain skills that you can only achieve by practicing, practicing & practicing. I've spoken to so many trading veterans and almost all of them had to go through a very steep and often extremely costly learning curve. (Some of these guys sold their companies, entered the markets unprepared and blew their accounts in only a couple of months or even weeks (which sometimes held millions of dollars).

ALWAYS start with a demo account for at least 3 months until you developed a trading plan (VERY IMPORTANT) and become more or less profitable.... And more importantly: STICK to this plan! Patience & Discipline are a traders most needed virtues.

Even then when you decide to start with a live account there's this one factor that you should learn to deal with: EMOTIONS or The Balance between Fear & Greed. Your emotional state makes 90% of the difference between being a successful trader or a permanently losing one.

Amen

Peter a.k.a. Dutchie

[xioxxio]

There is a lot of negativity around. I would not be discouraged, it is not the end of the world if you don't succeed you can always get a job. Always keep things in perspective it is only money.

There will never be a right time, there will always be an excuse. No matter how much you have done, it will never be enough. You can never stop learning. You just need to take the plunge.

[Tams]

Trading is easy --- just don't argue with the market and you will be alright.