What would be your advice for those wanting to trade as a newbie?
They should use the amount of money they can afford to lose
They should not trade with emotions. It is not easy while trading, they need to fight emotion and go the professional way
If they become professional, they can increase the money they use to trade and start learning averaging techniques
They should not see trading as a way of getting income
They should not depend on trading for living
They should learn about risk management
Strategy they use is the most important in trading.
I don't think that a trader can trade without emotion unless such trader is using a demo, this account can make him not to be serious or just trying to make fun, with the little I know most traders attach emotion to their trading activity because money is involved, I agree with the risk management that you mentioned every trader should be able to manage his or her risk, know the time to trade and the amount to use in other to avoid loss, of course every one trades to make money unless he or she is a learner that decides to use a small amount that wont affect them much because they are learning.