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Declaration of Risk:

Futures and forex trading carries substantial risks and is not for all investors. An investor could potentially lose all or more of the initial investment. Risk capital is money that can be lost without jeopardising a person's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Outcome Statement:

Hypothetical performance results should have many inherent limitations, some of which are described below. No representation should be made that any of the accounts will or are likely to have results similar to those shown; in fact, there are frequent differences between hypothetical results and the actual results obtained by any trading programme. One of the limitations of hypothetical performance results is the fact that they are prepared with hindsight profits. In addition, hypothetical trading does not involve financial risk, and no record of hypothetical trading can take into account the financial risk of actual trades. For example, the ability to withstand losses or to adhere to a particular trading programme 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 programme, which cannot all be considered in the preparation of hypothetical results, all of which may adversely affect trading results.