Disclaimers

• Leveraged foreign exchange trading carries a significant level of risk and may not be suitable for all investors. The high degree of leverage may work against you, as well as for you. Before deciding to invest in foreign exchange, carefully consider your investment objectives, level of experience, and risk appetite. Be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts
  
  
• The information provided in this book is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. We have taken reasonable measures to ensure the accuracy of the information herein; however, we can not guarantee its accuracy, and will not accept liability for any loss or damage that may arise directly or indirectly from the contents or as a result of strategies given. There is no guarantee that the systems, trading techniques, trading methods, indicators, software, or other information presented in this book will result in profits or losses. You, the user of the techniques, are responsible for your own actions, and you must decide whether or not to use the materials and ideas. The content is provided for informational purposes only and is not intended as a trading recommendation.

CFTC RULE 4.41 states:

• Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
  
  
• The techniques, ideas, and materials in this book are copyrighted and proprietary. With the exception of the portions of this book contributed by colleagues or excerpted from online sources (offset in gray boxes throughout), the contents of this book have not been approved or reviewed by any of the companies or individuals mentioned and do not in any way represent their views, opinions, or policies.
  
  

Effective April 1, 2009, NFA Compliance Rule 2-36(i) made clear that if a Member uses hypothetical results in forex promotional material, it must comply with NFA Compliance Rule 2-29(c) and the related Interpretive Notice.

Past performances do not guarantee future results.