Dislikedhi all...
and what do you mean Com' on......how many Journals are claiming 95 -100% success rates...Ignored
You can make very GOOD if not exceptional returns trading forex with 30-40% win rates.
In my experience and the traders I know who trade for a career they FOCUS on high expectancy trades. In other words they know if they're wrong they will often have a breakeven to -10 to -12 pips. When right they will make from 5 to 50+ and by taking the OCCASSIONAL big win they are able to achieve a winning average pips of 15-30 pips per trade.
Then its pure math. Say you're wrong 60% of the time but make 20 pips on average when right and lose 10 pips when wrong
6 losses x 10 pips = 60 pips lost
4 wins x 20 pips = 80 pips profit
NET PROFIT 20 pips!
In my experience the BEST traders are rarely ever right more than 2/3 of the time and they're exceptional but the GOOD NEWS is this is totally NOT NECESSARY for the rest of us.
If you're right 45-50% of the time and can get out of losing trades QUICK and move stop to break even on trades that go your way quick so that if it reverses you lose NOTHING and hang on to the 1 out of 10 trades or maybe 2 out of 10 trades that goes 30 to 50 pips you will MAKE MONEY.
Obviously the Forex trends VERY WELL and you have a better chance or odds of catching TREND TRADES for bigger wins than trying to pick the top or bottom and do counter trend!
Just my 2 cents worth. But for new traders on here FORGET winning % and focus more on money management principles. BEFORE taking the trade try to get an idea of how many pips likely profit you will have and if its not at LEAST 2 times more than you risk DO NOT TAKE THE TRADE!!