Risk Warning

By subscribing to the Products and/or Services and viewing this website, you fully understand and agree that all futures, equities, commodities and options markets are subject to numerous implicit and explicit risks, none of which PIVOT HUNTER can control or influence. You therefore acknowledge and agree that all investment decisions you may make, including decisions that take into account or rely on any information provided or made available by or from the Products and/or Services, are yours and yours alone and are made solely at your own risk. You should be aware of all the risks associated with trading and investing and you should seek advice from an independent financial advisor before making any trading or investing decisions.

The risk of loss in trading futures, equities, commodities and options markets can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. When trading on margin, 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 a position. Before deciding to trade and/or invest, you should carefully consider your 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 trade or invest money that you cannot afford to lose.

You also agree to bear complete responsibility for your investment research and decisions and acknowledge that PIVOT HUNTER has not and will not make any specific recommendations to you or any of its subscribers upon which you or any of them is entitled to rely. You also understand that the information disseminated on this website or as part of the Products and Services represent impersonalized, disinterested opinions and commentary of PIVOT HUNTER and its employees and agents, or may only represent the views of other subscribers or visitors, but that none of them constitutes a solicitation or recommendation to buy or sell a particular investment.

PIVOT HUNTER does not claim nor warrant its Products and Services will meet nor be suitable for all of your trading and investment needs.

Risk Disclosure

This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

FUTURES

1. Effect of Leverage or Gearing

Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are “leveraged” or “geared.” A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

2. Risk-reducing orders or strategies

The placing of certain orders (e.g. “stop-loss” orders, where permitted under local law, or “stop-limit” orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions may be as risky as taking simple “long” or “short” positions.

OPTIONS

3. Variable degree of risk

Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e. put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs.

The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a future, the purchaser will acquire a futures position with associated liabilities for margin (see the section on futures above). If the purchased options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote.

Selling (“writing” or “granting”) an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a future, the seller will acquire a position in a future with associated liabilities for margin (see the section on Futures above). If the option is “covered” by the seller holding a corresponding position in the underlying interest or a future or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited.

Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time.

ADDITIONAL RISKS COMMON TO FUTURES AND OPTIONS

4. Terms and conditions of contracts

You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g., the circumstances under which you may become obligated to make or take delivery of the underlying interest of a futures contract and, in respect to options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest.

5. Suspension or restriction of trading and pricing relationships

Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If you have sold options, this may increase the risk of loss.

Further, normal pricing relationships between the underlying interest and the future, and the underlying interest and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to judge fair value.

6. Deposited cash and property

You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.

7. Commission and other charges

Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

8. Transactions in other jurisdictions

Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation which may offer different or diminished investor protection. Before you trade you should inquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade.

9. Currency risks

The profit or loss in transactions in foreign currency denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

10. Trading facilities

Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearinghouse and/or member firms. Such limits may vary. You should ask the firm with which you deal for details in this respect.

11. Electronic trading

Trading on an electronic trading system may differ not only from trading in an open-outcry market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

12. Off-exchange transactions

In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. The firm with which you deal may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a firm price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules and attendant risks.

CFTC Disclaimer

Under certain circumstances, hypothetical results may be referenced in the Products and Services. Please carefully read the following CFTC required disclaimer regarding hypothetical results:

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 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 OF ACTUAL TRADING. 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 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 WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

Data and Information

Any opinions, news, research, analysis, prices, or other information contained on this website are provided as general market commentary, and does not constitute investment advice. Further, certain opinions on this website are provided by third-parties independent of PIVOT HUNTER, and thus do not necessarily represent the opinions of PIVOT HUNTER. You agree that PIVOT HUNTER shall not be liable for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

There are risks associated with utilizing an Internet-based trading services including, but not limited to, the failure of hardware, software, and Internet connection. Since PIVOT HUNTER does not control signal power, its reception or routing via Internet, configuration of your hardware or software, or reliability of its connection, you agree that you are solely responsible for communication failures, disruptions, distortions or delays in trading and investing data.

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. PIVOT HUNTER has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website, from the Room, or via any PIVOT HUNTER products and services. Data and information is provided for informational purposes only. Neither PIVOT HUNTER nor any of its data or content providers shall be liable for any errors or for any actions taken in reliance thereon.

As a convenience to you, PIVOT HUNTER may provide links to websites maintained by financial services participants, such as brokerage firms, exchanges, and other data and information providers. Please note, however, that PIVOT HUNTER is not making a recommendation to use these services. The brokerage firms or other service providers you select are solely responsible for their services to you, the user. You agree that PIVOT HUNTER shall not be liable for any damages or costs of any type arising out of or in any way connected with brokerage firms or other service providers selected by you.

Neither the contents of this website nor the Products and Services are intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is your responsibility to ascertain the terms of and comply with any local law or regulation to which you are subject.

Information for our market observations is obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use for this or any information provided in this website, via our Products and Services or in the trading and training Room (“Room”).

Profits, Losses, and Performance

PIVOT HUNTER does not guarantee or imply that traders and investors will be profitable by using PIVOT HUNTER Products and Services. PIVOT HUNTER does not guarantee or imply that traders and investor will avoid losses by using PIVOT HUNTER Products and Services.

Testimonials provided on this website are not representative of all traders and investors who use or have used PIVOT HUNTER Products and Services. Your results may vary.

Many examples of trades and investments portrayed on this website and in other Products and Services are done so with the benefit of hindsight. Although some examples may highlight profitable trading, the cumulative overall returns on all trades and investment concepts portrayed may or not be profitable and may not be reflective of your individual trading results.

Charting Room Agreement

By using the PIVOT HUNTER Charting Room (“Room”), you agree to be bound by these terms and conditions. This is a legal agreement (“Agreement”) between you and PIVOT HUNTER, (“PIVOT HUNTER”) relating to your participation in the Room. If you do not agree with the terms of this Agreement, click the Cancel or Exit button and do not participate in the Room.

All information presented in the Room is for educational purposes only and should ONLY be used to study the actions and activities of the markets. The Room is NOT designed to provide any investment advice regarding the purchase or sale of securities, futures, options, equities or any other financial instrument of any kind and should not be used as such.

You agree that any trading and investment ideas and concepts discussed in the Room by PIVOT HUNTER, its Room moderators that you act on is done so at your own discretion and risk. Neither PIVOT HUNTER nor its Room moderators, employees, associates, representatives, consultants, guest speakers, or other Room participants shall be held liable for any damages or losses you incur through your trading and investment activities.

As part of the Products and Services offered by PIVOT HUNTER, you may be able to access and participate in the PIVOT HUNTER Trading Room (“Room”) where various market events, trading ideas and investments may be discussed. You agree that you will not make any statement or convey any information in the Room which may have the effect of manipulating any market or investment. Further, you agree that you will not use the Room for illegal purposes including posting information you know to be false, unlawful, libelous, harassing, profane, abusive, threatening, obscene, vulgar, or otherwise objectionable. You understand that PIVOT HUNTER assumes no responsibility for the accuracy, completeness, objectivity, or usefulness of the information posted in the Room. You understand that PIVOT HUNTER does not endorse any recommendation or opinion made by any Room participant. Some trading setups or trades discussed in the Room may not have actually been executed due to a variety of factors and the outcomes of such discussions may have under- or over- compensated for the impact, if any, of certain market factors such as lack of market 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 those shown or referred to in the Room. The authors, publishers and Room moderators are not providing investment or trading advice and do not make claims, promises, or guarantees that any suggestions, systems, trading strategies, or information will result in a profit, loss, or any other desired result. You also understand that the authors, publishers and Room moderators only present impersonalized, disinterested opinions and commentary, none of which constitutes a solicitation or recommendation to buy or sell a particular investment.

Trading

You understand and agree that PIVOT HUNTER, its affiliates, and/or its personnel may trade or invest in some of the investment products which may be discussed on this website or in the Room. In certain instances, PIVOT HUNTER, its affiliates, and/or its personnel may be long, short or flat positions in the investment products than the positions commented on in this website, or trading signals generated by the Products and Services or commentary in the Room.

You understand that PIVOT HUNTER, its affiliates, its personnel, authors, publishers and Room moderators may trade or invest in some of the investment products which may be discussed in the Room. In certain instances, PIVOT HUNTER, its affiliates, its personnel, authors, publishers and Room moderators may hold opposite positions in the investment products than the positions commented in the Room.

In the event that you trade a brokerage account while using the Products and Services, the actual percentage gains/losses experienced by your account will vary depending on many factors, including, but not limited to: starting account balances, market behavior, the duration and extent of your participation (whether or not all signals are taken) in the specified system and money management techniques. Because of this, actual percentage gains/losses experienced by your account may be materially different than the percentage gains/losses as presented on this website.

You understand that there can be no guarantee that your use of the Products and Services or the information disseminated on this website result in profits. Further, you understand that your use of the Products and Services or the information disseminated on this website or in the Room may result in substantial losses.

All participants in the Room assume all risk, including but not limited to the risk of trading losses. As a participant in the Room, you agree that any trading or investment decisions you make are the result of your independent analysis according to your own trading plan.

Earnings and economic releases posted in the Room are typically provided by various third-party providers and are subject to change without notice. You agree to independently verify all economic data and earnings dates with an independent source of your choice.

There are risks associated with utilizing an Internet-based Room including, but not limited to, the failure of hardware, software, and Internet connection. Since PIVOT HUNTER does not control signal power, its reception or routing via Internet, configuration of your hardware or software, or reliability of its connection, you agree that you are solely responsible for communication failures, disruptions, distortions or delays when observing the markets from the Room.

The commentary in the Room is NOT A SOLICITATION TO BUY OR SELL SECURITIES OR ANY INVESTMENT. Always seek the advice of your investment professional before making any investment decisions.

Third-party Liability

This website and the Room may provide links to other websites. PIVOT HUNTER has not undertaken to verify the completeness or accuracy of any of the information and statistics provided by third parties nor does it endorse the same. As a term and condition of your use of this website, you expressly hold PIVOT HUNTER harmless and waive any claim you have or may have as a result of any of the information and statistics provided by third parties contained on this website being incomplete or inaccurate.

Solicitation

THIS IS NOT A SOLICITATION TO BUY OR SELL ANY INVESTMENT OR SECURITIES. Always seek the advice of your investment professional before making any investment decisions. Neither this website nor any Products and Services is an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the laws or other local laws and regulations of that jurisdiction.

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This website is for educational purposes only. Offers and events from 3rd party vendors are provided for convenience only. PIVOT HUNTER is not responsible for the content of a 3rd party website or their services.

Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.