Day trade the Japanese yen and the euro wisely (text only)
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     CFTC Disclaimer

bulletHypothetical or simulated performance results have certain inherent limitations.  Unlike an actual performance record, simulated results do not represent actual trading.  Also,  since the trades have not actually been executed, the results may have under- or over- compensated 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 (1). No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
bulletThe information contained in this site has been compiled in good faith, and in using it, the user agrees that the author and any other entities associated with this site shall not be liable for any direct, indirect, consequential loss arising from this usage, or the use of information and material on the Internet via web links from this site including, but not limited to errors, omissions, defects, interruptions, delays in operation, or transmission, computer viruses, or line failure, to the maximum extent permitted by law.  Please note that trading is a risky business.  You may lose your entire investment capital and more.
bulletHypothetical 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.
bulletOne of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight (2). In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in 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 market in general or to the implementation of any specific trading program which can not fully be accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
bulletFYI in May of 2000 the CFTC took legal action against me.  Here is the story: In late 1998 when I started my service I was not registered as a CTA, and I did not post the required legal disclaimer by the CFTC on my Website, I chose the phrase "the current account size I am trading is $75k" in my mind it was to show traders the account size needed to trade safely following my system (that was before I changed the trading strategy and subsequently reduced the account size to the current level). I got registered, added the disclaimer, and got rid of that phrase.  Note that no body complained about my service it was an action taken by the CFTC against me.  The sad part is the action does not go away regardless of its reason.
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(1) & (2)    My trading system does not benefit from hindsight because I usually send my trading plan to my clients before the move in the market takes place.  The result of The Plan is calculated at the end of the day as if a trader is following it to the point in the Forex market.  My track record is not based on back testing but on day to day work.

 

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