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 PROFIT OR
LOSSES SIMILAR TO THOSE SHOWN.
Trading performance displayed in any communication is hypothetical. Hypothetical performance results have many inherent
limitations, some of which are described below. 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. One of the limitations of hypothetical performance
trading 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 or to adhere to a particular trading program in spite of trading losses is material
points 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 which
cannot be fully accounted for in the preparation of hypothetical performance results and all of
which can adversely affect actual trading results.
ATA is neither a registered Investment Advisor nor a Broker/Dealer. You are
advised that all information is issued solely for informational purposes and is not to be construed
as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a
recommendation to buy, hold or sell (short or otherwise) any currency, future, equity, option or
any other asset.
The risk of loss in trading can be substantial. You should therefore carefully consider whether such
trading is suitable for you in light of your financial condition. If you purchase or sell Equities,
Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any
additional funds that you deposit with your broker to establish or maintain your position. If the
market moves against your position, you may be called upon by your broker to deposit a
substantial amount of additional margin funds, on short notice in order to maintain your position. If
you do not provide the required funds within the prescribed time, your position may be liquidated
at a loss, and you may be liable for any resulting deficit in your account.
Under certain market conditions, you may find it difficult or impossible to liquidate a position. This
can occur, for example, when the market makes a "limit move." The placement of contingent
orders by you, such as a "stop-loss" or "stop-limit" order, will not necessarily limit your losses to
the intended amounts, since market conditions may make it impossible to execute such orders.
Identify the Risk
It should be understood that forex and futures trading involves high risk and you can lose a lot of
money. There is always a relationship between high reward and high risk. Any type of market or
trade speculation that can yield an unusually high return on investment is subject to unusually high
risk. Only surplus funds should be placed at risk and anyone who does not have such funds should
not participate in trading futures.
It should also be understood that hypothetical performance results may be posted on the website
or given to third parties by other methods. Such hypothetical performance results have inherent
limitations in that they have been prepared with the use of past performance and past
performance is no guarantee of future results. Performance can and does vary between individuals.
High Risk Investment
Trading foreign exchange and futures carries a high level of risk, and may not be suitable for all
investors. Before deciding to trade foreign exchange or futures 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 foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
It is essential that a Demo simulator account is first used thoroughly before commencing with a
The services offered through the fx program are strictly for the use by traders
with excess risk capital and who are fully aware of the inherent risks involved in trading. The high
degree of volatility, and the ability to leverage your position means that losses can be quick and
You may lose your entire investment capital. It is your responsibility to ensure that you
fully understand these conditions before proceeding further.