New forex traders  need to take the time to learn how to trade and what emotions are involved in trading different markets. Emotions like fear and greed will make you a losing forex trader. Traders will hold on to a profitable trade to long and can't get out when the trade turns against them,this is where greed comes in. You need to use trailing stops to lock in your profits and not think about how much money you are making on the trade.

 These two emotion can ruin a new traders experience and wipe out their trading account. You need to keep these two emotions out of your trading as much as possible. Make sure to have a  trading plan  that will consistently make you money in the markets. You need to be careful when you see a large green candle going up fast so you decide to chase the trade. Chasing a trade or greed will work against you especially if you buy at the top of the green candle and the sellers now start to take their profits.

  Do not let the markets fool you into thinking that this is easy money it is not. Again that is your emotions taking over and you will lose your money taking to many risky trades. Taking risky trades will wipe out all the money you made from using your trading plan to make good trades.