RISK DISCLOSURE STATEMENT

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. COMMODITY TRADING IS NOT SUITABLE FOR ALL INDIVIDUALS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:

IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS, WHICH INCLUDES COMMISSION AND FEES. OPTIONS DO NOT MOVE DOLLAR FOR DOLLAR WITH THE UNDERLYING FUTURES CONTRACT AND TRANSACTION COSTS MAY SUBSTANTIALLY IMPACT RETURN.

IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUIRED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE
LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.

UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE".

THE PLACEMENT OF CONTINGENT ORDERS , SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS. SUCH ORDERS ARE MERELY AN ATTEMPT TO LIMIT LOSSES.

A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION.

THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY COMMODITY TRADING ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN, IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL COMMODITY TRADING PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR COMMODITY TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL COMMODITY TRADING PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL COMMODITY TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL COMMODITY TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT
OF FINANCIAL RISK IN ACTUAL COMMODITY TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR COMMODITY TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL COMMODITY TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE COMMODITY MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC COMMODITY TRADING PROGRAM WHICH CAN NOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL COMMODITY TRADING PERFORMANCE RESULTS, AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL COMMODITY TRADING RESULTS.

PAST RESULTS OF S&P WINNING EDGE DAY TRADING METHODOLOGY AND SYSTEM, SWING SYSTEM, POSITION, FOREX SYSTEM, DAY, SWING, AND POSITION TRADING SIGNALS ARE NOT INDICATIVE OF FUTURE PERFORMANCE. THE MONTHLY AND COMPOSITE ANNUAL RESULTS SHOULD BE VIEWED HYPOTHETICALLY. IN REALITY, THE RESULTS DO NOT REPRESENT THE TRACK RECORD OF THE METHODOLOGY ORIGINATOR, STUDENTS, OR SUBSCRIBERS. THIS ALSO MEANS THERE IS NO GUARANTEE THAT ONE APPLYING THIS METHODOLOGY AND SIGNALS WOULD HAVE THE SAME RESULTS AS POSTED. SINCE TRADING FUTURES, SUCCESSFULLY, DEPENDS ON MANY ELEMENTS INCLUDING BUT NOT LIMITED TO A TRADING METHODOLOGY AND TRADER'S OWN PSYCHOLOGY, The WINNING EDGE S&P AND FOREX STRATEGIES COURSES, MANUALS, AND SIGNALS DO NOT MAKE ANY REPRESENTATION WHATSOEVER THAT ABOVE MENTIONED TRADING SYSTEM, STRATEGIES, SIGNALS MIGHT BE OR ARE SUITABLE OR PROFITABLE FOR YOU. NO IMPLICATIONS IS BEING MADE THAT ANYONE UTILIZING THE WINNING EDGE S&P AND FOREX STRATEGIES HAS OR CAN OBTAIN SUCH PROFITS AND RESULTS. 

FURTHER NOTE ON FOREIGN EXCHANGE RISK  DISCLOSURE:
FOREIGN EXCHANGE TRADING IS RISKY. THE HIGH LEVEL OF VOLATILITY WITHIN THE FOREIGN EXCHANGE MARKET, PARTICULARLY WITHIN INTRADAY MARKET, AND THE ABILITY TO LEVERAGE YOUR POSITIONS MEANS THAT LOSSES CAN BE QUICK AND SIGNIFICANT.  IT IS POSSIBLE TO LOSE YOUR TOTAL INVESTMENT. CONVERSELY, TRADING FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. SINCE YOU CAN LOSE OF YOUR INITIAL INVESTMENT, BEFORE DECIDING TO INVEST AND TRADE FOREIGN EXCHANGE MARKETS, YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT AND TRADING CAPITAL THAT YOU CAN NOT AFFORD TO LOSE. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FOREIGN EXCHANGE TRADING AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISER IF YOUR HAVE ANY DOUBTS.

ALTHOUGH WORDS SUCH AS "COMMISSION FREE TRADING," " NO COMMISSIONS," "COMMISSION FREE," "ZERO COMMISSIONS," ETC. ARE USED THROUGHOUT THE WEB SITE AND MANUALS, YOU SHOULD KNOW THAT YOU PAY FOR THE COMMISSIONS THROUGH THE SPREAD BETWEEN BID AND ASK, WHEN YOU BUY AND/OR SELL A CURRENCY PAIR.

YOU SHOULD NEVER INVEST MONEY OR TRADE IN FOREIGN EXCHANGE IF YOU ARE LOOKING FOR A STEADY RETURN ON YOUR MONEY THAT YOU CAN NOT AFFORD TO LOSE.  THEREFORE, FOREIGN EXCHANGE TRADING IS ONLY FOR THOSE WHO ARE EXPERIENCED AND/OR HAVE KNOWLEDGE OF THE MARKET AND APPRECIATE THE INHERENT RISK INVOLVED.  ALL POTENTIAL INVESTORS AND TRADERS SHOULD BE CLEAR OF THE RISKS INVOLVED IN FOREIGN EXCHANGE PRIOR TO INVESTING IN THE MARKET. IN FOREIGN EXCHANGE, THERE NO GUARANTEES OF PROFITS AND THERE ARE SIGNIFICANT RISK. YOU SHOULD BE AWARE THAT ANY PERFORMANCE PRESENTED ON THIS WEB SITE IS ALL BASED ON HYPOTHETICAL PERFORMANCE AND THERE US ABSOLUTELY NO GUARANTEE ANY INDICATED SYSTEM CAN PRODUCE ANY SIMILAR RESULTS. THE CFTC (THE UNITED STATES COMMODITY FUTURES TRADING COMMISSION) HAS ISSUED AN ADVISORY TO INVESTORS ON FOREIGN CURRENCY TRADING FRAUD. WE RECOMMEND POTENTIAL INVESTORS AND TRADERS READ THIS ARTICLE AT www.cftc.gov/enf/enfforex.htm .

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