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 dont even know theyre there.