How could this happen? The answer is simple, most of new forex traders lose their money because they don't really know how the market is running, what currency pairs they should trade, what strategies to use, any many other factor. New forex traders normally start to trade because they think it's an easy way to earn money. "Just simply buy at low price and sell it when the price is going up", that is a most statement of new forex traders. But it's not that simple, Forex is a "negative-sum" business. What is this means?? This means if you buy pairs at 1.2500 and sell it at the same point 1.2500 , it is not a break even yet...because you must pay for the COMMISSION as well.
Then, is it possible make money from forex?? Yes it is, in fact a lots of people leave their current job and earn money from forex. But remember, people that able to make money from forex mostly are very rich company that have unlimited source of fund, OR, experienced people that understand the market and know strategies to manage their money in forex market.
So, if you are a newbie, DON'T JUST PUT YOUR MONEY AWAY, if you interested in make profit from forex, you should:
1. ALWAYS take practice account first. This is very important, new traders will learn if they do any mistake and its still on virtual money.
2. Find experienced forex traders, and follow their decision. Even if you are not too good at forex, but at least you can still earn money if you followed the RIGHT person.
3. Always up to date with forex news such as world information and else.
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