Managed Futures Education Center

Risk Disclosure and Usage Agreement

This Web Site Contains Highly Subjective Opinions:

The content, observations and recommendations on this web site are entirely the subjective opinions of the author and do not reflect the views of PFGBEST or any other individual or entity. These opinions are based significantly on past performance and may not have considered all risk factors. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. No warrantee is being made relative to the future performance of any market, strategy or investment program whatsoever. Investors should carefully read and clearly understand the CTA’s disclosure document and fully understand investing risks before making any investment decisions; this investment is not right for all people. See full risk disclosure below. Only use risk capital when investing in managed futures. There is substantial risk of loss. Source for all CTA data, including performance: www.pfgbest.com and Barclay Hedge MAP database, sources believed by the author to be reliable but no guarantee is being made relative to same.

Web Site Content is Confidential / Agreement not to Retransmit or Disclose:

The user of this web site and its related communication materials understands and agrees that all content herein is considered confidential the confidential Copyright © property of Mark H. Melin and the user agrees not to redistribute or otherwise retransmit said information.

User Suitability and Risk Acceptance:

The user of this web site understands that managed futures can be a risky and volatile investment and that past performance is not indicative of future results. The user understands the author’s opinions can be right or wrong and in using this web site will accept responsibility for his or her actions and will hold harmless the author, the book, the book’s web site and all employees associated with the book and web site for information on this web site and its related use by an investor. The web site user acknowledges reading and understanding the risk disclaimer below:

RISK DISCLOSURE

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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. 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. YOU COULD LOOSE ALL OF YOUR INVESTMENT OR MORE THAN YOU INITIALLY INVEST. 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.

THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR (“CTA”). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) REQUIRE THAT PROSPECTIVE CUSTOMERS OF A CTA RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

YOU ARE ENCOURAGED TO ACCESS THE DISCLOSURE DOCUMENT. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT, WHICH WILL ALSO BE PROVIDED TO YOU AT NO ADDITIONAL COST.

THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THESE TRADING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF ANY OF THESE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU.

PFG BEST DOES NOT HAVE AN OWNERSHIP STAKE IN ANY OF THE CTAS WE RECOMMEND OR UPON WHICH WE PROVIDE RESEARCH. MUCH OF THE DATA CONTAINED IN THIS REPORT IS TAKEN FROM SOURCES WHICH COULD DEPEND ON THE CTA TO SELF REPORT THEIR INFORMATION AND OR PERFORMANCE. AS SUCH, WHILE THE INFORMATION IN THIS REPORT AND REGARDING ALL CTA COMMUNICATION IS BELIEVED TO BE RELIABLE AND ACCURATE, PFG BEST CAN MAKE NO GUARANTEE RELATIVE TO SAME. THE AUTHOR IS A REGISTERED ASSOCIATED PERSON AT PFG BEST.

The Author, Mark Melin, in the spirit of transparency wishes to notify readers, subscribers and clients that he may receive compensation for his market related activities in any of the following ways; as a portfolio manager by commission and profit sharing; as a referral agent by a flat fee; as a commodity pool operator, by management and incentive fees, as an author, speaker and part owner of a managed futures index by subscriptions, fees and royalties.  If an individual decides to invest utilizing the author as an advisor, the investor may ask for a complete financial disclosure from the author.

Entire website Copyright © 2010 by Mark H. Melin. All rights reserved. Book published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication or website may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher.