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DisclaimersHigh Risk Investment WarningTrading foreign exchange on margin carries a high level <strong>of</strong> risk, and may not be suitable for all investors.The high degree <strong>of</strong> leverage can work against you as well as for you. Before deciding to trade foreignexchange you should carefully consider your investment objectives, level <strong>of</strong> experience, and risk appetite.The possibility exists that you could sustain a loss <strong>of</strong> some or all <strong>of</strong> your initial investment and thereforeyou should not invest money that you cannot afford to lose. You should be aware <strong>of</strong> all the risksassociated with foreign exchange trading, and seek advice from an independent financial advisor if youhave any doubts.DailyFX Release <strong>of</strong> LiabilityDailyFX does not warrant the accuracy or completeness <strong>of</strong> the information, text, graphics, links or otheritems contained within these materials. DailyFX shall not be liable for any special, indirect, incidental, orconsequential damages, including without limitation losses, lost revenues, or lost pr<strong>of</strong>its that may resultfrom these materials. Opinions and estimates constitute our judgment and are subject to change withoutnotice. The information in these articles does not constitute investment advice. Past performance is notindicative <strong>of</strong> future results.*Hypothetical Performance and Backtesting RisksHypothetical performance results have many inherent limitations. No representation is being made thatany account will or is likely to achieve pr<strong>of</strong>its or losses similar to those shown. In fact, there are frequentlysharp differences between hypothetical performance results and the actual results subsequently achievedby any particularly trading program.One <strong>of</strong> the limitations <strong>of</strong> hypothetical performance results is that they are generally prepared with thebenefit <strong>of</strong> hindsight. In addition, hypothetical trading does not involve financial risk. Variables such asthe ability to adhere to a particular trading program in spite <strong>of</strong> trading losses as well as maintainingadequate liquidity are material points which can adversely affect actual real trading results.Past Performance is not indicative <strong>of</strong> future results.†Leverage Risk WarningLeverage is a double-edged sword and can dramatically amplify your pr<strong>of</strong>its. It can also just asdramatically amplify your losses. Trading foreign exchange with any level <strong>of</strong> leverage may not be suitablefor all investors.43

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