In my opinion it is exaggerated to say that 90% of traders fail. It all depends upon your skills and abilities.
Yes, it is better to avoid trading exotic pairs as it comes with greater risk of loss.
Yes I agree with you, practcing on a demo account is also important.
Basic trading knowledge and practice is required to be a good trader.
Absolutely true, loss is part and parcel of every trade and it is very important to manage it properly.
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