Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
The reasons why is this happen because they think that they can learn trading in a week and rush into the market and expecting that they will make a million of dollars.They think that trading is just an easy money.Thats just not the way how it works,thats why we get frustrated.
Remember that there is no such thing as a fast money when it comes to trading .
In order you to become successful trader you need to acquire more knowledge,skills,patient and be consistent of what you are aiming for.