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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.
Additional TopGun/LeverageFX Disclaimers
1) Most new Forex traders lose money. Some eventually succeed but only once they gain enough market experience, knowledge, discipline and patience. You should therefore only trade Foreign Currencies if you can afford to lose ALL of the money you invested. Do not trade with money you need for your mortgage, rent, car payment or that would affect your standard of living in any way. NEEDING money is something that usually causes even experienced traders considerable stress and all but guarantees failure. Do not signup with us or our brokers if you need money and can't afford to lose it trading.
2) Most new traders lose money trading foreign currencies. We recommend you demo trade for the first one to three months until you can consistently make 10 to 20 pips per day before going live and then trading mini lots until you can do the same in your live account. The markets will always be here, taking 3 to 6 months to get up to speed on how our software, strategies, and systems work before LIVE trading will allow you to gain the necessary market experience, patience, and discipline necessary to have a chance at profitable live Forex trading.
3) Trading Forex profitably requires the trader to have incredible discipline to exit bad trades as soon as possible with SMALL losses. Not doing so leads to huge losses which can and usually does wipe out your entire account. Keep in mind losing 50% requires you to get a 100% return just to be back at break even! Small losses are key and if you do not possess discipline you NO business trading foreign currencies!
4) You must also have patience. The examples in these trades are what we consider perfect or near perfect trades. Many times in trading the market is choppy and you need patience to wait for the high probability trades. Sometimes you need to sit and watch the market for hours and do absolutely nothing and take no trades. If you have little to no patience and have the tendency to place trades when you're bored you will likely lose most or all of your money. Patience is key and if you do not possess this trait you have NO business trading foreign currencies!
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© 2007 LeverageFX.com Forex trading involves substantial risk of loss and is not suitable
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