We live in an age that is dominated by the “I know what I want and Iwant it now” attitude. It is a time of fast food and quick fixes. A timeof self before everything and Me! Me! Me! A rat race of the lowestkind. Keeping up has never seemed more important-a mentality ofgetting rich quick at any cost.
This attitude is also why many people are getting involved withthe commodity and futures industry. Trading can be a powerful en-deavor. On the other hand, it can also be financially crippling. Trad-ing is a game of risk versus reward. It is also a game that is notforgiving of players who come in without learning the rules. Forthose with the “get rich quick” or “gotta have it now” mentality, fail-ure is all but certain.
The failure rate of those who attempt to trade in the leveragedmarkets arena is somewhere around 90 percent. As far as I can tell,this means that 90 percent of those who begin trading stop showinga net loss. I have also been told that at any given time 90 percent ofthe open accounts show losses while only 10 percent of the accountsshow profits. These statistics illustrate that getting rich quick inthese markets is highly improbable. To make serious money in thisenvironment, traders must manage their money. Unless sheer luckintervenes, no one will make a fortune in leveraged markets with-out proper money management strategy. This is the basis of thisbook.
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