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Questions tagged [go in debt]

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Leonardo Leonardo Sun Dec 08 2024 | 7 answers 1129

Can you go in debt with forex?

I'm considering getting into forex trading, but I'm worried about the financial risks. Specifically, I want to know if it's possible to go into debt by trading forex. Can losses in this market lead to owing money beyond my initial investment?

Can you go in debt with forex?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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