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.
Constant practice yes makes one perfect and this might be any field. A newbie will tune himself when he jumps on hands on training with looses and gains. For everyone here, it would have taken time to channelize their profits after a certain experience. Yes, learn the basics in the beginning loosing some money and learn from your mistakes. Do not repeat the mistakes. Analyze the wrong move to make it right.