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.
Trading it self is meant for everyone I don't understand why most people think it is only the newbies that experience losses in trading while there are millions of experience traders who still losses money like newbies.
Now concerning the issue of newbies jumping in to trading, the only thing I will advise is for the newbies to attain some level of training before trading because it will help them to know the right time to trade and how to enter into the market.
Any trader who still losses money as a result of trading with emotion is an unserious trader this is because he or she already knows that it is difficult to think right when your emotions are not stable, traders should learn to be calm, courageous and smart, you either gain or loss in trading the choice is yours to keep trading.