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.
there is a saying "experience is the best teacher" beginners don't understand the best experience, they only understand the basics. I think beginners should be patient before daring to publish and speculate. That's why beginners often experience loss