Risk Disclosure Statement

The statements of fact and opinions expressed herein are the sole responsibility of the author. The information in these survey compilations are taken from sources believed to be reliable. It is intended for purposes of information and education only and is not guaranteed by John Walsh, the Walsh Agency Inc., or any other person, persons or entities, including any who may have referred you to this web site, or sponsors of this site, as to accuracy, completeness or trading results.
      If you purchase or sell a commodity futures contract or sell a commodity futures option, you may sustain a total loss of the initial margin funds, all transaction costs and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds on short notice in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. If you purchase a commodity futures option, you may sustain a total loss of the premium and all transaction costs.
      Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a ‘limit move’. The placement of contingent orders by you or your broker, such as a ‘stop-loss’ or ‘stop-limit’ order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
      A ‘spread’ position may not be less risky than a ‘long’ or ‘short’ position.
      The high degree of leverage that is often obtainable in commodity futures trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.
      Futures trading involves the risk of loss. You can lose more than your original investment. People can and do lose money trading futures. Futures Trading is not for everyone.
      This brief statement cannot disclose all the risks and other significant aspects of the commodity futures markets. You should therefore carefully study commodity futures trading before you make a decision whether or not to trade.