What advice would you give a newbie that started trading? Let's say he has decided to leave his comfort zone and get his hands on the it. ..
The first piece of advice I would like to give a beginner is not to trade. If you still ignored this advice, then you should only trade on the spot market. But in order to make a profit from trading, you should get enough knowledge before you decide to put this knowledge into practice.
Trading can be highly risky that’s why beginners as much as possible should stay away from trading. However, we can’t stop these people to enter trading if they really insist to try trading, hence they should practice high caution, otherwise trading can only be a waste of time and money.
Furthermore, if a newbie decides to enter trading, he must be well-equipped with the different resources available, be it online or offline. And never trade with emotions as it won’t be based anymore with analytical data but high emotions that can trigger the success of your trade.