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The National Futures
Association (NFA) and CFTC (Commodity Futures Trading
Commission), the regulatory agencies for the forex and futures
market in the United States, require that customers be
informed about potential risks in the forex market
.
FX ASSET
MANAGEMENT INC (“CTA”) is COMMODITY TRADING ADVISOR REGISTERED
(NFA ID#:
0391484)
The National Futures
Association (NFA) is the industry wide self-regulatory
organization for the U.S. futures industry. NFA's activities
are overseen by the CFTC, the government agency responsible
for regulating the U.S. futures industry.We must tell you that
: This registration is NOT an endorsement of the CTA
.
THE
COMMODITY FUTURES TRADING COMMISSION HAS NOT
PASSED
UPON
THE MERITS OF PARTICIPATING IN THIS TRADING PROGRAM
NOR
HAS
THE COMMISSION PASSED ON THE ADEQUACY OR ACCURACY
OF
THIS DISCLOSURE DOCUMENT..
RISK DISCLOSURE STATEMENT
Past
performance is not indicative of future results, and market conditions change, some start at
different times so performance records are
different.
Past
performance is not indicative of future results, and market
conditions change, some start at different times so performance records are
different.
Before deciding to participate in the Forex market, you
should carefully consider your investment objectives, level of
experience and risk appetite. Most importantly, do not invest
money you cannot afford to lose. There is considerable
exposure to risk in any off-exchange foreign exchange
transaction, including, but not limited to, leverage,
creditworthiness, limited regulatory protection and market
volatility that may substantially affect the price, or
liquidity of a currency or currency pair. More over, the
leveraged nature of forex trading means that any market
movement will have an equally proportional effect on your
deposited funds. This may work against you as well as for you.
The possibility exists that you could sustain a total loss of
initial margin funds and be required to deposit additional
funds to maintain your position. If you fail to meet any
margin requirement, your position may be liquidated and you
will be responsible for any resulting losses. To manage
exposure, employ risk-reducing strategies such as 'stop-loss'
or 'limit' orders.”
Note: This is not a solicitation to invest,To invest,
the Account
Documents must be read and Agreement Forms
Signed.
Note: This is not a solicitation to invest,To invest,
the Account Documents must be read and Agreement
Forms
Signed.
RISK
DISCLOSURE STATEMENT
THE RISK OF
LOSS IN FOREX TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE
CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN
LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO
TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU
SHOULD ALSO BE AWARE OF THE FOLLOWING:
FOREX
TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS
DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT
RECEIVE THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR
GUARANTEE EXCHANGE-TRADED FUTURES AND OPTIONS CONTRACTS. IF
THE COUNTERPARTY BECOMES INSOLVENT AND YOU HAVE A CLAIM FOR
AMOUNTS DEPOSITED OR PROFITS EARNED ON TRANSACTIONS WITH THE
COUNTERPARTY, YOUR CLAIM MAY NOT RECEIVE A PRIORITY. WITHOUT A
PRIORITY, YOU ARE A GENERAL CREDITOR AND YOUR CLAIM WILL BE
PAID, ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS, FROM
ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID.
EVEN CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM
ITS OWN OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF
OTHER GENERAL AND PRIORITY CREDITORS.
THE HIGH
DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING
CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE
CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.
MANAGED
ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT
AND ADVISORY FEES AND THE ACCOUNT MAY NEED TO MAKE SUBSTANTIAL
TRADING PROFITS TO AVOID DEPLETING OR EXHAUSTING ITS
ASSETS.
This brief statement does not disclose all of the
risks and other significant aspects of trading in leveraged
investments and in the purchase or sale of spot foreign
currencies. 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. Past
Performance is not indicative of future
results.
Note: This is not a
solicitation to invest. To invest the Account
Documents must be read and agreement forms
signed.
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