Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
In as much as i try to figure out why most person's go into trading, I try to understand that it's a more reason why they fail in trading , you can go into trading because you want to make quick money definitely you'll fail and trading is not that quick money making scheme you can venture into. Then another is pressure seeing most of their colleagues and friends go into trading make them not think before going into it and at the end they fail as well then having no knowledge about trading and yet you venture into you'll most likely fail.
I am still trying to understand trading over time and am still gaining experience. The trading space should be for the patience type and not to be greedy. Most failures start from the greed of getting more profit in a short time and secondly the tendency to get rich through a small stash instead of having decent holdings. Trying to imitate colleagues can be another wrong decision for traders because they are new to this space and should have been in long term savings to mature themselves. I think even if the newbies traders have no experience but they are want to trade then they should keep accumulation regularly to understand the market and build up their holdings.