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RISK DISCLOSURE STATEMENT The risks of trading in interbank foreign exchange (“forex”) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you intend to open a forex account managed by Panholzer Advisory Corporation ("PAC") you should be aware of the following: The high degree of leverage that is often obtainable in forex trading, can work against you as well as for you. You may sustain a substantial loss of the initial funds that you commit to the trading strategies offered by PAC. PAC may place "stop loss" orders with the forex broker to liquidate your position if, at the end of any trading day, your portfolio value reaches the risk threshold you have specified. However PAC is not responsible for additional losses that may occur if prevailing prices or market conditions prevent closing out your positions at the risk threshold agreed to in the PAC Spot Forex Management Agreement. In some cases managed forex 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 PAC Spot Forex Management Agreement contains a description of the principal risk factors and each fee to be charged to your account by the forex broker. In light of the above considerations you should carefully consider whether your financial condition permits you to take part in trading strategies that trade forex on a leveraged basis. In addition to careful study of this web site you should inform yourself thoroughly of all other potential risks involved in forex trading. Neither CFTC nor NFA have passed upon the merits of participating in any of the trading programs offered on this website or on the adequacy or accuracy of any of facts and representations made herein. COPYRIGHT ©2003-2006. All rights reserved. This page is copyrighted. You may not put the contents of this web site on your Web page. Any infringement will be prosecuted. Click below for more information about the managed account programs offered by PAC.   |
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