Before you deposit, understand what can go wrong. These are the main risks beginners should know.
You can lose all your money
Short-term trades can end in a loss quickly, and you can lose everything you put in. Many beginners lose money, so only use funds you can afford to lose.
Demo success is not real success
Practice accounts remove the pressure of real money. Winning on demo does not mean you will win with real funds.
Emotions cost money
Fear and greed lead to bigger trades after a loss and rushed decisions. Set a fixed limit for each session and stop when you reach it.
Rules differ by country
Some countries restrict or warn against this type of trading, and the platform says it is not available in places such as the USA. Check your local regulator before you register.
Watch out for scams
- Be careful with anyone selling "guaranteed signals" or promising profit.
- Never lend your account or share your password.
- Do not borrow money to trade.
Check the terms
Read the terms about deposits, bonuses and withdrawals before you add money, and keep copies of your records.
This guide is for information only. It is not financial advice and does not promise profits. Trading involves risk.