DislikedI know why 95% of people who want to become traders fail:
They fail because everyone fail at the beginning, everyone have burned 2-5 live accounts, trading is a long run that require money and time (3-6 years), and must be treated as a business.
And i would also say, that the famous 95% statement is compatible with the fact that 95% of people give up after some bad burn or after some years of losses, only 5% continue their studies (pratice), and day after day they start understanding how market work and how it must be traded to have a positive...Ignored