Trading forex and other financial instruments involves substantial risk and may not be suitable for everyone. Before you start trading, consider the following risks:
- Market Risk: The forex market is highly volatile, and prices can fluctuate rapidly, which may lead to significant losses.
- Leverage Risk: Leverage can amplify both gains and losses, potentially exceeding your initial investment.
- Liquidity Risk: In some market conditions, it may be difficult to execute trades at desired prices, leading to slippage.
- Political/Economic Risk: Global events can affect currency values and market stability.
- Technology Risk: Technical issues may impact your ability to trade or manage positions.
Only trade with funds you can afford to lose. Ensure you understand the risks involved and seek independent financial advice if needed.