RISK DISCLAIMER:

Last updated: May 6, 2019

There is risk associated with trading in a financial market. You are solely responsible for your own financial decisions. Pax Group LLC, its members and the third-party application providers that Pax Group LLC may use for communication purposes will not be held responsible for any losses you incur. Pax Group LLC does not provide any trading advice and is not a professional investment service. No representation is being made that the use of this strategy, any strategy featured on this site, or any system or trading methodology will generate profits. Opinions, market data, and recommendations on this website or other sites such as Twitter are for educational purposes only and are subject to change without notice. Past performance is not necessarily indicative of future results. There is a substantial risk of loss associated with trading currencies, securities, options on equities and options on futures. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk and may result in monetary losses. You must be aware of the risks and be willing to accept them in order to invest or trade in these markets. Do not trade with money that you cannot afford to lose. The Pax Group LLC site is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT 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 THESE BEING SHOWN.