The main reason why Nearly 95% fails is as:
Nobody wants to work hard to develop his own trading procedure. Everyone is dependent upon dumb rsi, stochs and ma crosses, when it's well known that all of these are unworthy. Nobody tries to function on the fundamental idea of trend evaluation and trend strength. Getting on the tendency when it's almost completing and not when it's beginning, since rsi, stochs are lagging indiors. Its really large time for guys to wake up and stop following the so called experts blindly and try to come up with your own trading egies.

As long as you observe the so called experts forget the notion of earning money consistently.

The basics is WORK HARD, DESIGN YOUR OWN STRATEGY

Simply forget anything and what about trading on less than daily chart tendencies,l YOU ARE WASTING YOUR TIME CATCHING SMALL FISH.

The so called experts counsel 5 or 15 minute charts since they want a buff following behind these to search for guie everytime something goes wrong in a chart decision.

I state this today it's nearly impossible to loose money in forex. After 3 years in fx I could say this, however initially during training interval I did loose very lot, but recovered increasingly more in course of time.

Bottom line is:

MAKE YOUR OWN TRADING SYSTEM.

ALL TRADING SYSTEMS TODAY ARE DERIVED FROM BASICS, EVEN THE FAMOUS VEGAS SYSTEM IS DERIVED FROM FIBONACCI SERIES. THERE IS NOTHING NEW