1. Yes, it's theoretically possible that you can make huge money in a very short period of time but there's very high chance you would end up loosing all your money so never think of making easy and quick money!
Good thing you put this at number 1.
One thing I have seen that most of the newbies mistaken is that there is always profit in trading.
That aint true.
Higher chance of losing everything than making money if you have the wrong idea of it.
Greed and fear will come up and next thing you knew there is nothing left.
Well, I do think it will be helpful to those first visitors here or maybe just searching in google.