Duotide for beginners

If you have never traded before, this is the most important page on the site — and it starts with a caveat that most content in this niche leaves out.

What to understand before anything else

• Leverage multiplies both sides. It is sold as "trade more with less", and that is exactly what it is — including when you lose;
• Most people lose. Brokers regulated in Europe are required to disclose this percentage, and it hovers around 70–80% of retail accounts losing money;
• There is no such thing as a guaranteed return. Anyone who promises one is lying, without exception;
• No one else should trade your account. An unauthorized manager trading other people's money is illegal, and it is the most common scam in the industry.

A sensible way in

1. Weeks 1 to 4: use only the demo account, with a virtual balance equal to what you would actually invest;
2. Write everything down: each trade, the reason for entering it and the result. Without a record there is no learning;
3. After a month: open a live account with the minimum deposit;
4. Test a withdrawal: take out part of it and time it. This step is not optional;
5. Only then consider depositing more — and even then, only money you can afford to lose.

The mistakes that wipe out beginners' accounts

• Doubling down after a loss to "win it back" — the fastest way to blow up your account;
• Trading without a stop, hoping the price will come back;
• Using high leverage at the start, when mistakes are still frequent;
• Accepting bonuses without reading the volume requirement, then finding out you cannot withdraw;
• Investing money you need — pressure for results makes every decision worse;
• Following signals from social media groups, which are often affiliate bait or worse.

It is worth stating the obvious: this site earns a commission if you sign up. Even so, the honest advice for beginners is to go slowly, with little money, after testing a withdrawal. If that means you deposit less, so be it.