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Trading foreign exchange, commodity futures, options, precious metals and other over-the-counter or on-exchange products and Contracts for Difference (CFDs) carries a high level of risk and may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.