Risks
Hello Trader,
Our number one priority is to serve you; To serve you with our experience, our technology,
and our time.
But before we talk about how our technology and education can impact your life we
would first like to make sure you understand the potential risks of trading and
investment.
What kind of company would we be if we pretended risks do not exist?
The fact is they do, and you need to be aware of them before you make ANY trading
decisions.
Likewise, while we do everything possible to simulate real market factors in our
research, hypothetical and theoretical testing do have limitations.
Please take some time to read the information below. We want to make sure you are
aware of the risks involved before talk how we can best serve you.
Sincerely and in service,
Richard Swannell
Elliott Wave Pioneer and Founder of Elliottician.com
Risks Explained
Risk Disclaimer: All trading involves risk. Leveraged trading has
large potential rewards, but also large potential risk. Be aware and accept this
risk before trading. Never trade with money you cannot afford to lose. All forecasting
is based on statistics derived from past performance and past performance of any
trading methodology is no guarantee of future results. No "safe" trading system
has ever been devised and no one can guarantee profits or freedom from loss. No
representation is being made that any account will achieve profits or losses similar
to those discussed.
There is no guarantee that, even with the best advice available, you will become
a successful trader because not everyone has what it takes to be a successful trader.
The trading strategies discussed may be unsuitable for you depending upon your specific
investment objectives and financial position. You must make your own investment
decisions in light of your own investment objectives, risk profile, and circumstances.
Use independent advisors as you believe necessary. Therefore, the information provided
herein is not intended to be specific advice as to whether you should engage in
a particular trading strategy or buy, sell, or hold any financial product.
Margin requirements, tax considerations, commissions, and other transaction costs
may significantly affect the economic consequences of the trading strategies or
transactions discussed and you should review such requirements with your own legal,
tax and financial advisors. Before engaging in such trading activities, you should
understand the nature and extent of your rights and obligations and be aware of
the risks involved.
All testimonials are unsolicited and are potentially non-representative of all clients.
Your trading results may vary from those case studies detailed on the Elliottician
website. Elliottician is not a broker or licensed investment advisor and therefore
is not licensed to tailor general investment advice for individual traders. Your
actions and the results of your actions in regard to anything you receive from Elliottician
are entirely your own responsibility.
Elliottician cannot and will not assume liability for any losses that may be incurred
by the use of any information received from Elliottician. Any such liability is
hereby expressly disclaimed.
Hypothetical Disclaimer: All results are considered to be Hypothetical
unless otherwise specified: Hypothetical performance results have many inherent
limitations. Unlike an actual performance record, simulated results do not represent
actual trading. Also, since 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.
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 particular trading program. Furthermore, only risk capital should be used
for leveraged trading due to the high risk of loss involved. 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, and no hypothetical
trading record can completely account for the impact of financial risk in actual
trading. For example, the ability to withstand losses (and incur account draw-downs)
or to adhere to a particular trading program in spite of trading losses are important
issues which can also adversely affect actual trading results.
There are numerous other factors related to the markets in general or to the implementation
of any specific trading program, method or system, which cannot be completely taken
into consideration with hypothetical performance results and will affect trading
results and your P/L.