Someone asked me for some guidance for a new trader, this is what I sent him:
Are you just starting? Having a demo account is good but I find that until you have real money on the line and your emotions come into play they don’t help that much, but are good for learning the platform. As you are starting keep your leverage low, bet small stakes (50p or a £1, not more than £2 unless you are seriously loaded and running a large account and can afford to lose lots). You will lose as you start out, everyone does I reckon. Don’t lose loads! Aim to get rich slowly, not poor quickly and don’t overtrade.
Hope that helps. Its very exciting, rewarding, stressful, emotional and educational all at the same time! Oh, and don’t overtrade!!! (Cant stress this enough)