according to me the genuine present for loss of traders is piggishness and emotions they don't merchandise with straitlaced strategy deficiency of noises.Yes lack of knowledge, planing and greed is the reason newbie trader face lose. People loss money because they do not have the knack of mangement of money and do not have enough knowledge to compensate that risk. Fear and greed are slo important factors in this regard. A trader must implement the findings while doing Forex.