I think three factors may lead to losing for newbies.
First thing is the greenhand didn't implement risk management. Just as timplatz says, "Before opening a position, you need to have an exit in mind - an exit in the event of upside, and another one in the ecent of a downside." Set stop-profit point and stop-loss point in case the markets moves against what you expect.
Secondly, many newbies didn't perform simulated trading before they enter the real markets. They just trade by feeeling or follow expert's advice, ignoring dynamic profit or stop-loss. So I think at least three months are needed to get familiar with basic principal of markets and trading.
Mentality matters. If the markets moves against you, close the position in time.
First thing is the greenhand didn't implement risk management. Just as timplatz says, "Before opening a position, you need to have an exit in mind - an exit in the event of upside, and another one in the ecent of a downside." Set stop-profit point and stop-loss point in case the markets moves against what you expect.
Secondly, many newbies didn't perform simulated trading before they enter the real markets. They just trade by feeeling or follow expert's advice, ignoring dynamic profit or stop-loss. So I think at least three months are needed to get familiar with basic principal of markets and trading.
Mentality matters. If the markets moves against you, close the position in time.