Trading forex and CFDs on leverage carries a high risk of loss. Across the industry, most retail accounts lose money. A loss can arrive faster than a position can be closed when the market moves quickly.
Leverage cuts both ways
Leverage increases the size of a position your deposit can hold, which increases the loss as much as the gain. Margin held against a position can be consumed in minutes, and a broker may close positions automatically when it runs out.
No result is promised
Nothing on this site is a recommendation to trade, a forecast, or a statement about what any reader will earn. Worked examples are arithmetic, not expectations.
Before you deposit
Check the broker in the register of SEC Nigeria, read what the account type actually costs, and decide the money you can lose before deciding anything else.
What leverage does to a small account
A deposit of a few hundred in local currency held against a full-size position can be consumed by an ordinary day's range. The smaller the account, the less room there is between a normal move against you and the point at which the broker closes the position — which is why position size, not entry, is the first thing the course teaches about risk.
Demo results are not a forecast
A demo account fills every order at the price on the screen and never runs out of liquidity. Live fills differ in fast markets, spreads widen around scheduled news, and the feeling of losing real money changes decisions in a way no demo reproduces.
This site is education, not advice
Nothing here is personal advice, and it could not be: it is written without knowing a reader's income, obligations or tolerance for loss. If you want advice about your own money, that is a conversation with a licensed adviser in Nigeria, not a web page.