Greed and hurry are major reasons for 98% of looser but we can not say 98% traders are loosing their money . More than 70% are in loss , it is not final research it can change time to time. people who join forex newly should know unrealistic expectations cannot come true they should make real targets not dreaming targets. Because it is a business not a money making mill.98% of the traders lose their hard earned money to the forex market solely because of their greediness and urgency to become rich very quickly and due to the unrealistic expectation they blow their account very soon and lose their money.