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FOREX Trading Risk Disclosure
IMPORTANT - PLEASE READ CAREFULLY
In order to open and operate the HYTechFX Trading Platform, you must indicate that
you have read and understood this Risk Disclosure Statement.
HYTechFX believes that its customers should be aware of the risks involved in
Trading FOREX markets.
The following are considerations that you should take into account when deciding
whether to trade in "FOREX" ,"foreign currency contracts", or "contracts for foreign
currency". This Risk Disclosure Statement (the "Statement") is not meant to be
all-inclusive and does not disclose all of the risks and other significant aspects
of FOREX trading.
Transactions in foreign currency contracts carry a high degree of risk, The amount
of initial margin is small relative to the value of the foreign currency contracts
you may enter into, meaning that transactions are "leveraged" so that a small market
movement will have a proportionally larger impact on your position.
This may work for you as well as against you.
There are no guarantees in foreign currency contracts and past performance
can in no way guarantee future results. The possibility exists that you could
sustain a total loss of initial margin funds and any additional deposits made
to maintain your position.
Hypothetical trading assumes perfect fills and can not accurately account for
possible "slippage" at your broker during fast paced markets. Price variations
do exist from one broker to another due to the off-exchange nature of the Forex markets
(there is not a "central exchange"), as does the actual cost of trading (the "spread"
offered by the broker).
There are also risks associated with utilizing an Internet-based trade execution
software application including, but not limited to, the failure of hardware
and software. The result of any failure may be that your order is either not
executed according to your instructions, or is not executed at all.
In light of the risks, you should trade in foreign currency contracts only if you
understand the contracts (and contractual relationships) into which you are entering
and the extent of your exposure to risk. Trading in foreign currency contracts is not
suitable for many members of the public. You should consider whether trading is
appropriate for you in light of your experience, objectives, financial resources and
other relevant circumstances. Most importantly, do not invest money that you are not
in a position to lose.
BY USING THE HYTechFX SOFTWARE YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY
OF THIS RISK DISCLOSURE STATEMENT AND THAT YOU HAVE READ AND UNDERSTAND IT. YOU
FURTHER REPRESENT, WARRANT AND AGREE THAT YOU UNDERSTAND THE ABOVE-MENTIONED RISKS
AND ARE WILLING AND ABLE, FINANCIALLY AND OTHERWISE, TO ASSUME THE RISKS OF FOREIGN
CURRENCY TRADING.
Effective Date: June 1, 2007
HYTechFX © All rights reserved.
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