Why do Newbies Lose?

there is no one who can learn to trade completely , its a long-term process ,
for that reason most of the time beginners lost interest after passing sometimes.

The lose because they dont use SL and also bad Money Managment

Most traders have lost in few trades; even professional traders lose in trades. But newbies lose because of greed and lack of knowledge in forex.

They tend to rush into trading with gambling skills and end up blowing their accounts, and due to this, they either give up trading or began learning the basics after many losses.

Newbies also often lose because of fraudulent brokers, one should never underestimate that factor.

Very true.
My Personal Golden Rules [Taken from my personal discord group]
- Accept that you will be wrong. Take the loss and learn from it.
- Accept that you will lose, even if you're right. Stick to your rules.
- Be disciplined. Keep to your rules. Keep emotions away.
- Capital preservation is important. Keep your risk consistent. If you risk 1% of your capital, then keep it constant. If you risk 3% of your capital, keep it constant too.
- If you're worried about how much you're going to lose, reduce your risk. You're risking too much now.
- No should've / could've / if only. I would have been a millionaire by now.
- Overtrading doesn't mean higher return.
- Risk management is important.
- React; Do not predict where the price will go. Let the market tell you where the price will go.
- Strategies based on luck is not consistent.
- There is always another setup. If you miss this one, wait for a re-entry or just close your charts. Do not enter at a bad price.
- Treat your results in terms of % and not monetary value. My $1,000 a trade risk could be 1% of my capital, but 10% of yours.
- You will miss a lot of winning trades. Be patient.

They've lost because they tried. It's way better than those who never lose but never really tried. Just keep trying. Each one of us has a different learning capacity and learning-curve timeline. If one keeps trying he will eventually get it.

Newbies lose because of insufficient knowledge and mostly because of their impatient nature to make prompt profits. Forex is not a quick money making machine and that is what most of the beginners fail to understand.

I think the age of a trader is very important.

Well

Because forex is a zero sum game. You lost i got my profit

I got answers to my unasked questions. Thanks!

They trade by emotions. "It will go to the moon!"
Sometimes I just check the comments part of the dollar chart on investing.com to laugh. Funny when they talk about how will it jump up 500 points after the news. They think if they strongly believe in a result, it will happen because their indicator shows something.
The market will go in the direction where the big money goes, not where the emotions.
Newbies lose because of two other reasons. They don't have a strict risk management strategy and they want to earn too much so they use too high trading lots.

no trading knowledge or discipline

Over the course of my journey and observing others, I have deduced some of the beginners' mistakes. The biggest mistake is the lack of a trading system. After all, a personal view of the market is not developed in one day. What does a beginner do? He found a strategy, or some kind of indicator, and immediately on the chart. I worked for a couple of days and threw it away. And so on in a circle.
And you need to look for yourself in the market and your method.
The fact of money is also important. After all, 99% of people come here for money. And it will be great if you get them quickly and without unnecessary stress. But they are not willing to work hard to start making money.
Advertising, it is very often misleading. On this topic, I will quote my thoughts, which I wrote more than a year ago:
“Your head is in the way, they gave you a shovel and told you to build a house here quickly. For some reason, in ordinary life, such a situation would cause a lot of indignation. you begin to realize what you need to build a house, and how it all connects with each other. "
Thanks for attention!

Its the lack of knowledge and unrealistic expectations which leads to losses for newbies. Trading is not a cake walk and hence if we want to achieve good results we have to first learn then practice a lot to be able to do well.

I agree with you, new traders often get impatient and want to earn quick profits, also they become so patient that they are unable to gain the sufficient knowledge and skills which actually works while forex trading.

Just want to share what I've learned,

I won't let my emotions overpower my intelligence

Good luck...

When the novice first entered the market, the transaction was executed by his own subjective consciousness without any experience, or in the direction he thought. In this way, the psychology of repeated transaction was already gambling

Greed and the lack of patience. Forex is very contradicting; not a get rich scheme but once you master the craft if gets you rich, quick!

Unfortunately like everything in life you have to take it easy, browse, learn educate yourself and take it easy. Everything else will come into place.

From my perspective newbies lose because they come to trading with the strong feeling of easy money and they think that the only thing they need to is to click on the terminal and the money will come to them automatically without any efforts.
I think that the vast majority of reasons for failing in trading is this kind of feeling 'making money out of nothing'. That is sad to hear that some people went broke because of trading forex. I feel pity for such people but still it is they to blame for their failures. There is no easy money, everyone should work hard in order to earn a living and forex is not an exception.
Just be a realist and you will never lose.