Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CDFs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Financial markets have risks, and if you enter the trading world without training, there is a possibility of losing your capital, so the first step to start trading and investing is proper training.
Support and resistance are fundamental concepts in the technical analysis used to identify price levels where the market has historically reacted to that area.
Take Profit (TP) and Stop Loss (SL) are two significant tools that can help traders in capital and risk management as an essential part of trading strategies.