Risk Statement:

Trading futures and forex carries substantial risks and is not for all investors. An investor could potentially lose all or more of the initial investment. Venture Capital is money that can be lost without compromising the 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 results are not necessarily 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 the benefits in hindsight. 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 resist 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, all of which cannot be considered in the preparation of hypothetical results, all of which may adversely affect trading results.