Yes its true and this is the reason why we have so many losers in the forex market. If traders start trading with proper money management then they can surely become winners and start making money from trading.
I agree that the percentage is very high but this percentage decreases with the passage of time as the knowledge and experience of a trader increases.I believe it is not 30% but 100%. But the important point is smart with system gambling or gambling purely by luck. Nothing in your life is not gambling.
Maybe yes, but I think not all trader will treat forex as gambling, still many trader using risk management and money management properly, but sometime lack discipline also as reason why any trader they violating rules tradingMajority of losing traders do trading in gambling style, this is why the rate of gambling in forex is very high. If you trade with proper money management then you can progress in forex market. But having a gambling mentality its not possible to become a consistent profit generator.
When a newbie trader losses a good part of his account capital he tries to get back his money from the market by using high lots and that is the point where he loses his rest of the investment as well.Before put any order trader has to see market , analyze it well and see his capital how much he can use in trading. Much amount using in trading becomes dangerous as market moves. He should take proper risk ,higher risks tend to higher losses