Why do Forex Traders lose money?

It is said first get knowledge of forex if you understand this market then do practice on demo account as much you can so that you will make yourself able to cope with different market situations with money management. If some one not follow these simple steps they fail in trading . They loose their money can not make any skill.
 
For most traders reason is low learning, knowledge and trading practice. If they know trading they not follow rules, they are in hurry to make money. Most of the traders not know risk taking rules they use risk without any planning . This risky business effects on capital when ther is not any proper management.
 
If a trader doesn't earn money but only drain it, then he/she came to the real trading too early.
 
i agree that a lot of traders loose their money, but it doesn't mean they should give up trading. It's not the stock exchange that should be blamed, but the trader who knows very little of it. They should enrich their knowledge of Forex.
 
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