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I think you should be concentrating on yourself and making sure that you are one of the 10%. The hardest thing to learn in trading is discipline. As a newbie trader with a demo, I am concentrating on that more than anything right now. I am suure when I start with my own money it will be much harder.
The sad fact is that most people are undisciplined. In fact our whole culture and society rewards undiscipline. So it should really be no surprise that the majority of those who get into trading fail. Even if they have been hugely successful in other professions. Concentrate on your mind and money management and you will do just fine.
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