Indeed, your words are correct, I vouch for them.Relying only on luck in forex trading is not the way to success. But hope is a positive thing to rely on after you work hard, follow good money management and trading on a good strategy.
That is right.
Trading statistics is discouraging actually, but still it doesn't deny the fact people cease joining this industry. I guess if we look at the statistics of yearly growth of new traders in the market, it grows year by year, but of course the numvber of those eliminated by the market increases too. Nobody treat trading seriously, a lot of guys fail during the very first steps, that is what I see discouraging.
For staying afloat it's enough to comply with those things you mentioned.
The statistics you mentioned, where a high percentage of traders fail, highlight the challenges involved in trading. It emphasizes the importance of education, understanding market dynamics, risk management, and developing effective trading strategies.