The 95% rule is about right but you have to do the reading to figure that out. Do as much as possible free. I trade highly liquid futures intraday contracts and options, no stocks yet. My trading style is to focus on just a few markets that are easier to interpret direction and trade successfully. I used to trade the emini S&P but it lost alot of liquidity and good 5 min patterns after '98. So I switched to oil and Tbonds. When I first started trading I borrowed a relative's copy of Ken Roberts basic futures trading book, (free). What I gleaned was the mechanics of futures trading and the idea to never follow anyone's trading advice. I think Ken made enough money on books to dispense with learning to trade. I spent 3 days at his Oregon conference room for new traders asking his counselors lots questions and listening to everything. I spent 6 hours daily for 2 years reading every trading book or article at all the bookstores in town. Browse alot, don't always buy. Read 95% of everything about trading and complete some trades with real money. You'll learn to throw 95% of what you read away and you'll get a sense for the difference between good trading info vs garbage. There is alot of free good material by some of the best traders on the net. Trading isn't easy but its not rocket science either. Success leaves clues and so do loosers who are cons..........Do your due diligence BEFORE you spend money by at least doing basic net (Google) research on the person or product. Ask for opinions on a few traders forums. I read through this forum for an hour/day and I just joined 3 days ago. There are many good traders here with "wisdom" about trading and biz matters in general that you can't find for sale. The best traders learn to use just a few tools every day very well and they keep learning. Like any business, it will cost some money to learn to trade. I spent thousands for real estate seminars and buying fixers in my early 20s and lived like a pauper to save for down payments and education. You'll need frequent motivation to become driven enough to make money at trading or any other independent endeavor so be sure and visit Wal-mart weekly to observe the employee workforce alternative. Now take some action !!!