80% of forex traders lose money. Is this correct? If yes, what could be the reason?

I agree. And the trader can ruin a perfectly good strategy. If you give me a trend following strategy, and I start using it at a loss during consolidation periods, did the strategy stop working?

Or, if you give me a scalping strategy, and after making money for three months, suddenly the strategy stops working, did the strategy fail, or did I start getting arrogant and reckless?

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