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The risk of loss in trading futures and options index can be substantial, is speculative, involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of their margin deposits. You should therefore carefully consider whether such trading is suitable in light of your financial condition, investment experience, trading objectives, financial resources, and other relevant circumstances. You may sustain a total loss of funds and any additional funds that you deposit with your broker to maintain a position in the Index Future market. Any past performance is no guarantee of future results. Simulated performance results also have certain limitations unlike actual performance records simulated results do not represent actual trading. No representation can or is being made that any trading system will, or is likely, to achieve profits or losses similar to those shown in this simulated performance record. Any performance information provided to you has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any Index Future market instruments or securities. Any performance figures have been calculated in a manner which we believe to be reasonable.
HYPOTHETICAL 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. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. SIMULATED RESULTS DO NOT NECESSARILY IMPLY FUTURE PROFITS. THE RISK OF LOSS IN TRADING COMMODITY AND FUTURES CONTRACTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.