Deutsche Version: Risikohinweis
Trading with CFD and Forex products involves very high risks and is to be regarded as highly speculative. In extreme situations, this trading can lead to the total loss (and beyond) of one’s trading account with the capital invested. These products are exposed to increased risk due to the use of leverage and political and economic events. When using these products, one consciously assumes an increased risk in relation to and account, price, earnings and currency fluctuations.
When using the trade management tool, a large number of trading positions can be opened simultaneously or within a very short time. As a result, many positions can accumulate on the trading account that are only closed again in the medium term. This feature of the trade management tool can lead to an increased drawdown (negative open positions). Under certain circumstances, this drawdown can lead to a very high loss of the capital invested and beyond. The trade management tool mainly uses limit orders. However, the management of stop and market orders is also possible with the tool. Due to possible technical problems such as loss of internet connection, loss of connection to the broker, errors in the trade management tool, various hardware and software problems, unintentional losses and entries may occur when using the trade management tool. The tool can be used on any broker. This use with different brokers can lead to individually different results despite the use of the same version of the trade management tool. If profits or positive results have been recorded with the trade management tool in the past, this is of course no guarantee for future results.
The following points must be observed when using the trade management tool:
- Past results are no guarantee of future results.
- The trade management tool was created to the best of our knowledge and belief. Despite careful programming, errors (bugs) may still exist. We accept no liability for errors in the programming of the trade management tool.
- Use the trade management tool only after careful checking and only if you are familiar with and agree to the functioning of the tool.
- You should only trade with risk capital. This is capital that you do not immediately need for your lifestyle or running costs.
- You use the trade management tool at your own risk. You are responsible if the tool causes losses.
- The position size of each trade depends on your input into the parameters of the tool. Choose a level of risk that is appropriate for you.
- For proper operation, it is necessary to have a trouble-free connection to the broker and to the corresponding prices.
- The trading positions (especially with market orders) can be executed much worse than actually intended due to the so-called slippage. This can lead to unintentional entry mistakes and subsequent losses.
The trade management tool should never be activated directly after receipt on an account with real money (live account). You should first use a demo account to ensure that the tool functions systematically and technically correctly. Of course, the same risks as with manual trading also exist additionally when using the trade management tool.
The Trade Management Tool does not constitute a recommendation or investment advice within the meaning of the German Securities Trading Act and is for information purposes only. All information disclosed by us has been checked to the best of our knowledge and belief. Nevertheless, we assume no liability for the accuracy of this information.