Brokers have already released their unprofitability figures per ESMA requirements: Pepperstone -79%, IG - 79%, Tickmill - 79.27%, Forex.com - 80%, XTB - 80%, FXCM - 79.79%, GKFX - 82%. It's high, but it's definitely not 95%. Now you have the facts.
These are the figures that brokers want you to believe .Here is the a more informative assumption.
80 % lose on average according to the figures you supplied, but that is only for one year.This is only from trading with honest brokers.
The 20 % remaining become part of the 80 % of the following years, in effect they all lose eventually. I don't need to work this one out.
The 20 % go to other brokers and lose with other brokers , so the 80 % figure is not correct , it is losses at one brokerage , it is more likely 95 %.
Theses figures do not include the losses to broker frauds i.e refco,fxcm,pfg,allecoh and countless others , these do not include losers as a result of scams on forums.The figure of 95 % is actually not a myth , but broker's long term leakages from broker staff, but add the above charlatan educators + broker frauds , and the figure is more likely to be 99%, after all the charlatan educational fees .You will on internet search , a broker staff claiming 95% lose.
http://www.unum.co.za/trading-fx/3-things-your-forex-broker-doesnt-want-you-to-know/
If 95 % lose , 1 % of winners are day traders , 1% of winners are swing traders , 1 % are fundamental traders , 1 % are grid traders , then only 1 % of trend traders are successful.
This means there are a lot of fake trend traders , charlatan educators and fake authors singing about trend trading.This also means 99 % of traders will lose because they can only trade one method.
Another reason why psychology is debunked with rebuttals on forums and broker's forum is also well known.The forums have a agenda ,like your self to debunk trading psychology , 99 % of traders lose due to psychology.. In fact the forum owner and his stooges are caught ,trying to tell everybody , there are no emotional feelings in trading losses.
http://www.trade2win.com/boards/psy...-feel-no-emotion-when-you-win-lose-trade.html
The trading forums are the blind leading the blind.Many of the forums have an agenda to sell education on their site, so they want new readers to believe psychology is non existent.There are no psychology sections on various forums for a reason to debunk trading psychology.
http://tradingpsychology1.blogspot.com/2017/10/best-psychology-threads-youtube-videos.html
http://tradinglosers.blogspot.com/2017/10/99-of-traders-lose-money.html
Human brain is wired to lose in the markets
The fake traders on forums, pretenders and others will attack the members telling the truth.
https://www.elitetrader.com/et/threads/human-brain-is-wired-to-lose-in-the-markets.304541/