Last updated: June 30, 2026
1. Substantial risk of loss
Trading in financial instruments — including stocks, options, futures, forex, and cryptocurrencies — involves substantial risk of loss and is not suitable for every investor. You could lose some or all of your invested capital. You should never trade with money you cannot afford to lose, and you should never borrow to trade.
2. Past performance is not indicative of future results
Any reference to historical performance — whether a real trade journal entry, a strategy's back-tested statistics, or hypothetical results — is presented for educational purposes only. Past performance does not guarantee, and is not a reliable indicator of, future results. Markets change, strategies decay, and even a well-documented edge can fail in new conditions.
3. Hypothetical or simulated results
Certain performance figures on this Site may be hypothetical or simulated. Hypothetical results have inherent limitations:
- They are prepared with the benefit of hindsight and do not reflect the impact of real-time decision-making;
- They do not account for the full effect of trading costs, slippage, liquidity gaps, or outages that occur in live markets;
- Market conditions that favoured a strategy historically may not recur; and
- There is no guarantee that any account will achieve profits similar to those shown.
4. Leverage and margin
Trading on margin or with leverage magnifies both gains and losses. A small adverse move can trigger margin calls, forced liquidation, and losses that exceed your initial deposit. You are responsible for monitoring your positions and understanding your broker's margin and liquidation policies before you trade.
5. Derivatives
Options, futures, swaps, and other derivatives carry additional risks beyond those of the underlying asset. These include, without limitation:
- Time decay and expiry: options and many futures contracts expire; their value can fall to zero;
- Liquidity: wide bid/ask spreads and thin order books can produce large, fast losses;
- Counterparty risk: the failure of a clearing member, exchange, or broker can affect your positions; and
- Complex payoff structures that can behave non-linearly and produce losses larger than the option premium.
6. Cryptocurrency
Digital assets are highly volatile and largely unregulated in many jurisdictions. Crypto markets trade 24/7, have fewer investor protections than traditional markets, and can experience extreme price swings, exchange outages, and loss-of-funds events. Custody risk — including hacks, smart-contract bugs, and lost private keys — is significant.
7. Market, systemic, and operational risks
Markets can gap, halt, or become illiquid without warning. Flash crashes, exchange outages, broker insolvencies, regulatory interventions, geopolitical events, and macroeconomic shocks can all materially affect your positions. Order types — including stop-loss orders — are not guaranteed to fill at their trigger price and may suffer significant slippage in fast or thin markets.
8. Emotional and psychological risk
Trading is psychologically demanding. Fear, greed, overconfidence, and revenge trading are common and can lead to decisions that destroy capital. No educational content, including ours, can prepare you for the stress of real losses. We strongly encourage every reader to study risk management and trading psychology before risking capital.
9. No personalization
Nothing on this Site is tailored to your individual financial situation, goals, risk tolerance, or tax position. A strategy that suits one investor may be wholly inappropriate for another. You should consult a qualified, licensed advisor before making any financial decision.
10. Acknowledgement
By accessing and using this Site, you acknowledge that you have read, understood, and accept the risks described above, together with our disclaimer and terms of service.
11. Contact
Questions about this risk disclosure can be sent to legal@trendforge.example.