when you have poor trading money management then no way to bring good amount of profit by using any kind of trading strategies.
as new traders, they lack experience in good risk/fund management. New traders should only commit low budget with the goal to learn and get better at trading then focus on profit later once they improve.
Being a new trader, it is best to keep yourself updated on market trends and should learn about good risk management like stop loss, understanding the risk of leverage, and good trading plan to avoid losses.
The main reason I feel is the lack of trading psychology which leads to making trading decision that are influenced by emotions and results in losses.
due to this emotions level most of the time we fall a great trouble especially during news. but this cant be controlled completely.
Some of the tips you can follow: Always have a trading plan Predefine your position size, entry/exit level Follow it strictly Imply strong risk management Maintain the right trading psychology
most of the time risk management works to fail , because market is much volatile and no way to predict the market with certainly.
i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place and this greed comes from making profit from demo account.