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Risk Disclosure: Futures and forex trading contains substantial risk and
is not for every investor. An investor could potentially lose all or more
than the initial investment. Risk capital is money that can be lost
without jeopardizing ones’ financial security or life style. 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 Performance Disclosure: Hypothetical performance results have
many inherent limitations, some of which are described below. No
representation is being made that any account will or is likely to achieve
profits or losses similar to those shown; in fact, there are frequently
sharp differences between hypothetical performance results and the actual
results subsequently achieved by any particular trading program. One of
the limitations of hypothetical performance results is that they are
generally prepared with the benefit of hindsight. In addition,
hypothetical trading does not involve financial risk, and no hypothetical
trading record can completely account for the impact of financial risk of
actual trading. for example, the ability to withstand losses or to adhere
to a particular trading program in spite of trading losses are material
points which can also adversely affect actual trading results. There are
numerous other factors related to the markets in general or to the
implementation of any specific trading program which cannot be fully
accounted for in the preparation of hypothetical performance results and
all which can adversely affect trading results.