According to the my point of views mostly trader's loss their money in Forex due to the lack of knowledge and confidence also greed is the main factor of lose money, for that reason everyone must give enough time to proper analyze the market and trade with less risk, then sure have much benefit in this business.
Sometimes traders are a little bit excited and want to earn more at once, because of this they can take risks by breaking all the rules of trading. And the results of such trading lead to disappointment in the market. Therefore, it is worth to keep yourself in control and still try to act thoughtfully.
I think that beginner traders do not always understand that they will have to work hard here, because the market has a complex structure and requires constant detailed study. But still, it is normal that someone is not able to cope with it. The main thing is to try and make the right choice afterwards.
I think that many traders neglect the demo and grab all assets and strategies at once. On the one hand, it's the right thing to do, you need to understand what suits you. The main thing is to do it on a demo, and then, after you make certain conclusions - start working on the main account.
Trading in financial markets has gained widespread popularity. It seems, this is easy income, without any efforts and hard work (however, everyone is looking for own way). This ease has made Forex very popular. But this is an wrong fact. Trading is actually a very complex process that not every traider can comprehend. And this makes Forex the most risky business. A dangerous mix of popularity and risk is the reason people lose money.
People loose money in forex when they become impatient and want to earn handsome profits all together. Forex trading or trading in general requires good experience, strategy to manage capital and risk involved.
If a trader wants to gain from this market, he needs to place the lots size after determining its risk appetite. Just like the saying, 'Slow and steady wins the race' is applicable in life, it is the key to forex trading as well.
Most people are just greedy. That's a modern human thing I guess (most of our ancestors were not greedy). Even todays winners are losing, but they're not losing that much like losers do. It's achieved with money management, together with a humble, non-greedy mind.