It is crucial that you understand the risks associated with trading. Fluctuations in prices can greatly affect your open trades. All trading involves an element of risk. It is important to remember that the past performance of a financial instrument does not reflect on its future performance. The value of a trade can easily go down as well as up.
Trading Forex and CFDs is highly speculative, involves significant risk of loss, and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings.
Movements in prices can often be volatile, which will directly impact your profits and losses. Knowing the average volatility of a financial instrument can help you place stop loss and take profit orders more accurately. Volatility is often unexpected and unpredictable.
Tax and other regulation
You are responsible for managing your tax and legal affairs including filings, payments and complying with your country’s applicable laws and regulations. Doto does not provide any regulatory, tax or legal advice.