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Trading foreign exchange (forex), contracts for difference (CFDs) and other leveraged products carries a high level of risk and may not be suitable for all investors. You can lose some or all of your invested capital, and in some circumstances you may lose more than your deposit where negative balance protection does not apply.
Leverage magnifies both gains and losses. A small market movement can have a proportionally much larger effect on your account. Brokers and regulators may limit the leverage available to you.
Regulated CFD providers in several jurisdictions are required to disclose the percentage of retail accounts that lose money, and these figures are typically high. Check the disclosure published by any broker you consider.
Prices can gap, liquidity can disappear, and orders including stop-losses may be executed at worse prices than expected (slippage), particularly around news events, weekends and market opens.
Only trade with money you can afford to lose. Consider seeking independent advice from a suitably licensed financial adviser. Past performance is not a reliable indicator of future results.