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.
beginners are famous for their trivial attitude and think trading is very easy and everyone can do it, they get stuck with their own stupid mind and end up losing money.
poor newbie