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Several things here:

1) Forex is a zero sum game. There are Winners and there are Losers. Losers pay winners, and you need more losers than winners to make the business profitable.

2) 95% go wrong because of human Psychology. The human mind is wired to fail in forex - you have to mentally change your thought patterns. I know this and I still fail - that's how powerful this psychology stuff is. If you think that the psychology side of forex trading is hokus pokus then you will fail.

I'd recommend going through ICT's stuff on Babypips - might save you some heartache. http://forums.babypips.com/newbie-island/36328-what-every-new-aspiring-forex-trader-still-wants-know.html

Agree RazorX.  There are also other factors that one might consider.  For instance, I have read articles that say, one must know who they are trading against in the market, and they must know they there are opponents out there that, while they may not want to take you out personally, (because you alone are not trading very much, which is why, most of the time, unless you were trading with a real old time bucket shop, stop hunting on you personally doesn't make much sense if you are a small time trader), they may want to take out many traders at certain price point in the market.  So, someone could be stop hunting where they think a whole bunch of traders might have their stop loss in order to provide more liquidity to the market.  I have also read that if market makers trade their own accounts, they tend to scale in to trades, and they always countertrend trade.  I, personally, believe that most of the big players, who are not hedgers, trade with trend, and they take very small risk, until they hit something that really justifies itself as a good trade and a trend, and then they start to pyramid, still with a low overall risk to their overall account size.  Also, as RazorX is talking about, things like being able to wait for the right trades, rather than going into the market at the wrong times, and then when you fail their staying out when you would have been right.  That takes patience and self control which really don't come very naturally to most people.  Also, since everyone makes mistakes, one must be able to still succeed even though they will make some mistakes.  Small risk is a really a helping factor there.