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Why do Newbies Lose?

a newbie will lose money. if they like to use something else's then sell it to them. while, they cannot discern which is good or bad
Most of the new traders lose their money because of their wrong strategies. Low knowledge is the main reason to choose the wrong strategy for trading.
New traders lose because they have no discipline in their trading. Their knowledge of trading is low. They face losses due to a lack of knowledge about money management and risk management. Losses can occur if there is no trading plan.
I think, Choosing the wrong broker can be the reason of losing money by the new traders.
Quoting OwenBavin
Most of the new traders lose their money because of their wrong strategies. Low knowledge is the main reason to choose the wrong strategy for trading.
Agreed. Lack of knowledge can have a big effect on one's trades.
lack of knowledge of money management,,,, every strategy can work as long as you manage money effectively don't blame the broker .. don't blame the strategy blame the money management ... which u guessed it comes down to the individual
Because of overconfidence and lack of sufficient knowledge.
Just just most traders lose money because of lack of necessary skills and experience. People don't care about following any rules. They open a lot trades in a day. No discipline, no risk management, no control over mind.
Most traders lose their money because of using the wrong strategies.
How would you definie a "wrong strategy"?
This is just self-perpetuating nonsense all backed up by traders that are most likely unprofitable... Literally allinazi said it ... focus on what allinazi said.

I could trade control coin flip entries and have better outcomes than 70% on this forum.

In fact sometimes I don't even care about entry ... 0 thought goes into it ... however im 20+ years in
Most newbies lost their money because of their low knowledge...
Many beginners lose their money because they think they understand what is happening on the charts. They want to earn their first million today. They often don't have a trading system that they understand.
Newbie here, most of the replies are true. Yes, low knowledge is one of the reason in losing at forex trade.
Yes, you are right, trading is not possible without proper use of money management and risk management. Many disciplines have to be maintained to trade. If this maintenance is not good, it is impossible to survive in the trade.
Newbies should make a good plan to minimize their losses.
Is using EMA 8, 21 a good strategy? Still learning on that indicator.
i think reasons could be different for every trader sometimes it could be emotions, sometimes strategy, overtrading or anything else.
Quoting gonz621
Is using EMA 8, 21 a good strategy? Still learning on that indicator.
Use whatever strategy ... the main thing is to manage risk
Quoting OwenBavin
Most of the new traders lose their money because of their wrong strategies. Low knowledge is the main reason to choose the wrong strategy for trading.
Yes lack of knowledge and skills and a trading mind set are the reason a trader lose money. People can waste time by running for strategy but not willing to give time study and research the market.
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