Please read the following disclaimer before you continue:

RISK DISCLOSURES

Derivative transactions, including futures, are complex and carry a high risk of substantial losses. They are intended for sophisticated investors and are not suitable for everyone. The ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns. Before deciding to participate in derivatives trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. More over, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'stop-limit' orders. Many Forex clearinghouses provide guaranteed stop losses as opposed to the Futures and Stock markets. There are also risks associated with utilizing an Internet-based deal execution software application including, but not limited, to the failure of hardware and software. Back up systems and contingency plans must be sure to be in place also to minimize the possibility of system failure as well as the availability of trading by phone.

Systems and Research Reports

Past results are hypothetical, of course. The strategies have been developed and back tested using TradeStation 8. Nothing contained herein should be construed as an offer to buy, sell, or hold any securities, futures contracts (eMini SP500, NASDAQ, Russell 2000 etc.) or cash foreign exchange currencies. This information presented is intended for educational comparative purposes only.