You should be aware that:
This website is purely meant to be an educational resource. The charts, commentary, videos, etc. are for people willing to learn about the forex market. Trader16.com or any of the users of the site (including the creators) are NOT responsible for any losses you make. Nothing present in this website is to be considered as investment advice under any circumstances.
Trading foreign currencies is a challenging opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.
More over, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses.
Trade at your own risk and certainly not with the capital you can’t afford to lose.