There is no better way to understand how hard is to be a trader or investor than actually start being one. Open an account with a small value and buy your first asset. Remember that the account must be small because you will break, then you can not lose something that will hurt you. Established this begining, feel the emotion flowing and hands shaking every time you push the button. Precisely because it is difficult, you should try to be a trader. This difficulty makes you start off the promises of easy, fast and astronomical gains. How many times have you read that a person Y has won more than XXXX% in a few days ... sometimes hours. Pure quackery.
I have repeated countless times and it is time to do it again: everything in life takes time, is molded with practice, with trials and mistakes. It takes a while to you really call yourself a trader. You will do this in the beginning. You will spread the word to everyone around you about how much your portfolio has grown in a week while your friends will still be in single savings accounts. One day you will lose a lot, then will be ashamed of them and everything you said, but do not not give up. So you start to be more cautious with each one f your words. A trader has born!
But if it's so hard, why should I try to be a trader?
There is a person's profile that likes to excel, to be challenged and do more of it. They like clearly to feel the reward for every act and constantly improve. Being a trader is thinking in psychology, discipline and finally strategy. Starting with psychology, you have to control your emotions before all of it. Then, when you're thinking with your head, you must have discipline (remember the post on the reward for consistency) to strictly follow all that you have learned. Finally, you have the strategy, the trading system to operate in the market. I say most people lose money because they already start in the strategy but forget to control the emotions and at the lower bump in market they are are out, settled and emotionally wounded. Then the guilty one is the market or yourself? You will see it is not so easy to buy low and sell high.