Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
We all wanted to earn but most of the newbies are really different they wanted to earn in a very quick way, without knowing that being rush in every decision in trading may lead them to losing a big amount of money. So if you are a newbie you need to be more careful on making a decision you need to look for some good strategy first before looking for big profit, always think about how to make a perfect trade before looking for a perfect or big profit.