Market and price risk
Prices can rise or fall for reasons that are difficult to anticipate. Past performance, a chart pattern, a company result or a protocol narrative does not guarantee a future outcome. Gaps, volatility, news and changing liquidity can produce losses beyond a planned level.
Leverage and derivatives
Margin, futures, options, CFDs and other derivatives can magnify exposure. Liquidation, funding, margin calls and counterparty rules vary by product. A stop order may not execute at the planned price. Do not use leverage until you understand notional exposure, maintenance requirements and the maximum loss under the contract.
Technology and custody
Crypto users can face wallet loss, private-key theft, phishing, smart-contract bugs, network congestion, wrong-network transfers and exchange or custodian failure. Transactions may be irreversible. A hardware device or a well-known brand does not remove every risk.
Your responsibility
Use only money you can afford to lose, understand local rules and seek independent professional advice when needed. The academy cannot assess your income, objectives, time horizon, tax position or tolerance for loss.