Before we process your request for enrollment materials, you must read the following Risk Warning Disclaimer, required by the U.S. Government. By checking the "I Agree" box at the bottom of the page, you are agreeing that you understand the material discussed below.

  Risk of Forex Investing

The Foreign Exchange Market (Forex) is the largest financial market in the world. Forex trading is speculative and has large potential rewards, but also large potential risk that may involve the loss of principal. Therefore, funds placed under management should be risk capital funds that if lost will not significantly affect your personal financial well being. This is not a solicitation to invest, and you should carefully consider your financial situation as to the suitability of Forex managed funds to your portfolio prior to making any investment.

  Past Performance Does Not Guarantee Future Performance

Past performance is not indicative of future results, as returns may vary according to market conditions.

No representation is being made that a system that has been successful in the past will necessarily lead to profit in the future. Investors may incur a series of consecutive losses and substantial equity draw-downs that can deplete their funds before the occurrence of any meaningful profit accumulation.

  Hypothetical Performance Can Be Unreliable

Many trading system promoters advertise their systems by reporting hypothetical trading results. Hypothetical trading results typically are based on trading simulations using historical price data or simulated "real time" computer trading. Thus, 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 hypothetical performance estimates. 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. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results.