strategy is important there is no way to deny but honestly speaking in spite of having most powerful analyzing trading strategy trading can be useless if there is no money management , so we have to ensure strong money management first of all.
Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.
There are no such shortcuts for trading so you will have to take the long road. Try to gain as much knowledge as you can about forex and take some courses. Your determination and hard work will be helpful for your trade.
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Yes the reason of failure is lack of knowledge and skills. Most people here open trade out of hope. They hope price will go this or that way. But to be profitable we need skills and control over our emotions.
90% or less doesn’t matter. Mostly loser from here not only due to lack of real market principle, they lose because they try to revenge from here after a huge loss. this is the foremost reason for 95% statistics.