Futures Risk Disclosure. Futures, foreign currency, and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures and options may fluctuate, and as a result you may lose more than your original investment. Past performance is not necessarily indicative of future results.
CFTC Rule 4.41 — Hypothetical Performance Disclosure. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because 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 profit or losses similar to those shown.