This is true but also thinks what most traders do and put high amount of money into trading and lose all in just few minutes or days. No matter what will be your advice, tell newbies to learn about risk management. Risk management is very important in trading. Also what that is important to tell newbies is that they should use the amount of money lower than the amount of money that they can afford to lose to trade because they will lose the money at first. The third most important thing is that the trader should not increase the amount until months of profit.