Etoro - Why do 76% Lose Money?

Here's my profile on Etoro: etoro.tw/2rcYYm0
Become an Affiliate: www.etoro.com/T...
The new warning on Etoro's homepage says that 76% of all retail investors who currently trade with Etoro, lose money. That's a really serious statistic, which I think is required to be there because of European regulations.
So why is this happening? Is it a problem with Etoro, or with trading in general? I'm not a professional, and I've only been on Etoro since 2016, but I talk about some of the things I've noticed so far which I think have definitely led to losses at least in my own case...
Here's some links to the people in my portfolio: (Affiliate Links)
AimsTrader (Indices): etoro.tw/2Gkk1Qc
Alnayef (Forex): etoro.tw/2I2bk91
CitadelPoint (Forex): etoro.tw/2H7QOsn
ChocoWin (Equities + Others): etoro.tw/2DTZMGh
Olivier Danvel (Forex): etoro.tw/2HM1ygq
AnalisisCiclico (Forex + Indices): etoro.tw/2EaaMPv
Bariera (Forex): etoro.tw/2GJnoQ1
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
eToro Affiliate Links may lead to compensation if followed
All trading involves risk. Only risk capital you’re prepared to lose.
Past performance is not an indication of future results. This content is for educational / entertainment purposes only and is not investment advice.
If you're interested in seeing some of my other video series':
Etoro beginners Playlist: • Is Etoro A Scam? Will ...
Copy Trading Beginners Tutorials: • How To Copy A Trader O...