Loss in forex is an unfortunate mix of people being too inexperienced to trade – they lack the knowledge and the discipline to trade – and companies that willing and able to take advantage of these inexperienced people, even a few experienced ones. For example, Australians alone have lost 13.3 million AUD since the start of the year because of such scams. Being a newbie trader is incredibly risky, because there are a number of pitfalls you need to avoid and usually you don’t even know they’re there.