Disclaimer and Risk Disclosure

4. Trading options carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade options you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with options trading, and seek advice from an independent financial advisor if you have any doubts.

5. All stop-loss, limit and entry orders are not guaranteed in any and volatile market conditions. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with options trading.

6. Unique experiences and past performances do not guarantee future results! Testimonials herein (if any) are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading options involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the options trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the options market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

7. Hypothetical performance results have many inherent limitations. 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 particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.

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