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Risk Statement:

Trading futures and forex carries risks and is not for all investors. An investor could possibly lose all or more of the initial investment. Risk Capital is money that can be lost without jeopardizing the person's financial security or lifestyle. Only risk capital should be used to trade, and only those with sufficient risk capital should consider trading. Past results are not, however, indicative of future results.

Statement of Hypothetical Results:

Hypothetical performance results should have many inherent limitations, some of which are described below. No representation should be made that any account will or is likely to have results similar to those shown; in fact, there are frequent differences between the hypothetical results and the actual results obtained by any trading program. One of the limitations of hypothetical performance results is the fact that they are prepared with hindsight benefits. Furthermore, hypothetical trading does not involve financial risk, and no hypothetical trading record can account for the financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program regardless of losses are material points which can substantially affect actual trading results. There are many factors related to the markets in general, or to the implementation of any specific trading program, which cannot all be considered in preparing hypothetical results, all of which can adversely affect trading results.

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