Anyone who begins their journey to becoming a trader eventually comes across the statistic that 90 per cent of traders fail to make money when trading the stock market. This statistic deems that 80 per cent lose over time, 10 per cent break even, and 10 per cent make money consistently.

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Anyone who begins their journey to becoming a trader eventually comes across the statistic that 90 per cent of traders fail to make money when trading the stock market. This statistic deems that 80 per cent lose over time, 10 per cent break even, and 10 per cent make money consistently.

An interesting point about this statistic is that it is not based on geographical region, age, gender or intelligence. Everyone aspires to be in the top 10 per cent and consistently make money when trading the stock market, but only some are willing to put in the time and effort to achieve this.

When I give a presentation, I ask those present if they want me to teach them what the 10 per cent of traders know or the other 90 per cent, and every time they say the 10 per cent. The answer to understanding the 10 per cent is simple - all you need to do is look at all the books and courses available and don't do most of it.

To be successful in trading the stock market, you need to do what most traders don't. This may seem simplistic because you don't know what you don't know. So, how does an inexperienced person determine what they should be doing from the overwhelming load of information?

In this article, I explore why most traders fail to make money consistently when trading the stock market and, more importantly, how to avoid being part of the 90 per cent. I will also give you an overview of what the 10 per cent of successful traders do.