Earnings & Income Disclaimer
BacktestWizard publishes and offers educational material about stocks, futures, options and foreign currency markets. The material is designed to help teach you about financial markets, technical analysis and system trading. Please use this information as an educational tool and not as trade recommendations.
BacktestWizard does not recommend the purchase, sale, short sale of any stocks, futures and options. Please do not construe our training and education material as an offer or recommendation to trade stocks, futures, options or foreign currencies. We are not a broker, dealer, broker-dealer, investment adviser, FCM, introducing broker or licensed or qualified with any agency in any way to provide investment or trading advice. We are simply here to educate and coach you so you can make informed decisions as a trader or investor.
Trading and investing is risky and carries a substantial risk of loss and should be treated as such. Trading stocks, futures, options and foreign currencies is not suitable for everyone and may involve the risk of losing part of your money, all of your money, or in the case of trading stocks on margin, selling options premiums, trading futures or foreign currencies, you can lose more than all of your money.
We do not imply, suggest, predict, or guarantee that you will be a successful trader. If you rely on this information for your trading, you must assume the risks that come with trading stocks, futures, options and foreign currencies. Short term trading and day trading is very risky, especially when your trading account is margined. There is a substantial chance in which you can lose all of your money. With margined accounts, futures, foreign currencies and option selling there is an additional risk that your trading account will go negative and you will end up owing money to your brokerage.
Further, before buying or selling stocks, futures, options and foreign currencies, you should consult with a broker who specializes in understanding these instruments, the risk associated with them and more importantly does due diligence to make sure you meet specific suitability requirements in order to trade these markets. BacktestWizard encourages users of our services to speak to a licensed representative of their choice regarding the appropriateness of trading or investing in a particular market or trading strategy.
Principles and/or employees of BacktestWizard may or may not have actual positions in stocks, futures, options or foreign currencies that are discussed, posted, demonstrated on this website and any printed documents created by BacktestWizard. Paid members and visitors shall not construe any market or position discussed as an actual position and shall assume all positions are hypothetical positions. In addition, 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 profit or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results 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 in actual trading, including the ability to withstand losses. Finally, past performance is in no way indicative of future results.
By using this website either as a paid member or not, the visitor agrees that the use of this web site and its information is entirely at his/her risk. By accepting this disclaimer you are acknowledging the risks involved in trading stocks, futures, options and foreign currencies and further acknowledging that you and not BacktestWizard is responsible for any losses, financial or otherwise, as a result of using our service.
Further, all users agree to indemnify and hold harmless BacktestWizard from and against any damages, costs and expenses, including any legal fees, potentially resulting from the application of any of the information provided by BacktestWizard. This disclaimer applies to any damages or injury caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operations or transmission, computer virus, communication line failure, theft or destruction or unauthorized access to, or use of record, whether for breach of contract, tort, negligence or under any other cause of action.
BacktestWizard shall under no circumstances be liable for any lost profits, lost opportunities, misstatements, or errors contained on our website and/or printed materials. You further agree that BacktestWizard will not be held liable for data accuracy, server problems, or any special or consequential damages that result from the use of, or the inability to use, any or all of the materials published on our website, associated pages and printed documents.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.