95% of Traders Fail: How to Join the Elite 5% Winners
The article discusses why 95% of traders lose in the trading game and what it takes to be among the 5% who win. It covers the need to build wealth, money-making trends, types of investors, fatal market conditions, and the world of futures and forex trading. The fallacy of traditional stock investment beliefs is debunked, and strategies for successful trading are outlined. Emotions like greed and fear are identified as key factors in trading success, along with proper trade selection, entry, monitoring, and exit. The article emphasizes the importance of avoiding overleveraging and chasing markets to be a successful trader.