question for newbies

I would like some understanding of just how much newbies spend on their trades.........do they try day trading from day one.........or try conventional methods for long term holds, or do they also go for the cfd
just wondering.........some examples would be good
because apart from all the flak about this stock.......it would probably be a good one for some newbies who can take a buy and hold approach , while waiting out the bigger returns, potential profits on an iron ore speccy