Legal Disclaimer
Hypothetical Performance Disclaimer
and Risk Disclosure for Futures and Forex Trading

You are reminded that the account results shown herein are for informational purposes only. All the information included herein should not be considered as a recommendation to buy, sell or hold any securities or futures, nor to use any trading system. You are reminded that TORISystems is not responsible for any losses that may result from whatever action you elect to take based on our inputs. The TORISystems software may contain different types of systems which you may choose to execute trades with. Any type of system you elect bears certain risks, along with the inherent financial risks related to investing in the stock and futures markets. In real life when a trade is set to be executed using a limit order, it may be partially executed, or not executed at all due to market conditions, while in paper trading this trade will be fully executed. Additionally if you elect to execute a trade using a market order, you may suffer financial losses due to market instability and/or volatility which may cause the market to move against your position. Therefore, a decision to trade in the futures market is made at your own risk and responsibility. It is strongly recommended that you do your own research prior to commencing trading. Each of TORI Systems assumes that it trades with at least one complete contract and it doesn't take into account partial fills, nor increased market order slippage. Therefore, your actual trading results may not match the results displayed in the paper trading account results. Please be advised that the system performance as projected on our Web site does not include taxes. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually 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 profits or losses similar to those shown. Risk Investment The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange 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 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. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since MarketMasterSystems does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Trade Tech Institute employs back-up systems and contingency plans to minimize the possibility of system failure. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.