Prepared by Viktor Karpinsky. INFINIUM FINANCIAL INVESTMENT PROGRAM

Transcription

1 Prepared by Viktor Karpinsky INFINIUM FINANCIAL INVESTMENT PROGRAM

2 TABLE OF CONTENT 2 Prephase 3 Introduction to investment program. 4 Who are Infinium money managers? 5 Infinium financial index 6 Money manager: Randy D. 7 Money manager: Nicolas G. 8 Money manager: Ariel L. 9 Money manager: Marco V. 10 Money manager: Benjamin L. 11 Exclusive money managers 12 Fees. Types of programs 13 Due diligence procedure. Potential money managers in the due diligence procedure. 14 Investment account on clearing house 15 Investment process 16 Contact 17

3 PREPHASE 3 Hello, My name is Viktor Karpinsky. I am the Head of the Advisor Recruiting at Infinium Financial. I have more than 10 years of live daily experience in Forex from different sides of the market, and I want to make my industry clean and transparent. You can rely on my experience and knowledge to provide excellent advice and recommendations because I have: Years of experience in Trading Desk department at one of TOP-10 Forex brokers; Reviewed and tested more than 500 money managers; Been trading for myself for more, than one year of positive track record; Created several dozens of Expert Advisors; Established multiple commercial Forex projects. If you are not confident in your money manager - you can me anytime and I will leave you my view free of charge. I do not want you to repeat my investing mistakes, before I had gained all of my experience. Alternatively, we just can have a nice chat together about our passion. Head of Advisor Infinium Financial I have invested a lot of time and energy in finding the best money managers for Infinium Financial, selecting only the best of over 500 reviewed. Take advantage of my hard work and see them below. I m here not to sell you something, I am here to help and share my knowledge to prevent you from getting taken advantage of a financial scam. Unfortunately, this industry is full of fraud and my personal goal is to make it more clear and transparent for the investor. I made a lot of mistakes and lost a lot of money, but if I had somebody 10 years ago who could have told me how to invest my money in Forex the right way, I would be a professional investor by now with lots of money. I would like to start from my current position at Infinium Financial. As you can see in my LinkedIn profile, I am the Head of Advisor Recruitment and I meet dozens of new money managers every week. My main task is to verify their trading results and provide our own due diligence procedures. Once they meet our risk and performance criteria, we take them on board and allocate money. MY BIO It sounds very simple, but only 5% of all money managers are worth the investment. If you ask me how I evaluate money managers, what kind of specific techniques I use, I should mention my years of broker experience at Trading Desk at TOP-10 Forex Broker. I saw the market from the other side. I had access to thousands of accounts and of course, I was analyzing all of them out of my personal curiosity because I have never given up on my personal trading. I have seen so many trading approaches and their results, so now I can easily have a look at the trading statement and say whether you should stay with that trader or run away. As I mentioned above I am a trader also, and I believe it is very important for the person who verifies money managers to be completely involved in the industry. That person should know what is going on the market and how traders behave under those conditions. Currently I am running the social project Trading For Charity where I trade by myself. The account counts more than one year of track record with almost every month profitable. It is not trading without risks, and I don t call it so. I do that to show profitable trading is possible and to illustrate that I know how to find and verify profitable traders. It would be silly to hide something and not mention my poor success in running my own managed fund in PrivateForexTrader. It mostly failed because I underestimated control that I should have over the traders, so the project experienced a deep downturn without proper money management control. I learned a very important lesson a manager should have at least three leading traders in the portfolio to mitigate risks of a potential downturn instead of relying on one leading star. Sometimes, even traders and investors cannot anticipate the market will change one day and their system will stop making profits. They should have a plan in that case. I created software that made market trades, but it stopped making money after a few months. It was because the market is always evolving and changing. Approaches that work today won't work always tomorrow. Simple software can't educate itself. So for any system to be profitable in a long run, there should be at least 3 people in the team who will monitor the market and make appropriate changes to the code. As you can see, it s a very complicated task to find a good money manager and you should have special experience and knowledge. We, at Infinium, have spent a lot of time, money and energy on finding, verifying and testing managers that we have in our portfolio. The best money managers are presented below and I would like you to have a look at their performances. It is breath-taking: and I, as a trader, respect those guys very much because they have managed to make consistent profits. Like I mentioned above, I would like to make this industry cleaner from scammers. You can call me anytime or send me an just to ask for a piece of advice regarding your situation and investment options, or our money managers. I will help you free of charge and provide my recommendations.

4 INTRODUCTION TO INVESTMENT PROGRAM 4 Are you looking at how stock markets are falling? And yet, you want a way to increase your funds with good investments in these extremely difficult times? In the Foreign Exchange Market you can make a profit when the market is falling. The Infinium Financial Investment Program is the alternative investment service that gives all types of investors the ability to take advantage of Forex. With us, you can build your own investment portfolio, which will be managed by our professional team of Money Managers. We offer you even more by providing you with the option of allocating your funds with the Money Manager who fits your investment goals. Furthermore, you can diversify your portfolio with multiple money managers. Alternatively, if you are a passive investor, you can select already-built portfolios with the best combination of Money Managers. We strive to deliver profitability, transparency and control to your portfolio. We make sure you see every Money Manager s detailed, actual performance. In addition to that, we offer you control with the tools and information to make your own investing decisions. The only thing that you need in order to start an investment portfolio with us is an investment account at the CFH Clearing Brokerage House. 100% control over your money Your money is deposited at the independent Brokerage House and only you have access to your investment account Total liquidity You can withdraw or deposit your money at any time just by contacting your Brokerage House ADVANTAGES Safety feature We use the best software to provide ultimate safety for our clients with help of Stop Loss Trigger Large choice of Money Managers We offer a wide range of professional Money Managers who must meet our company s strict criteria. We regularly control and search for new Money Managers. Control and management over your own portfolio We offer you the best software to control and manage your investment.

5 WHO ARE INFINIUM MONEY MANAGERS? 5 Money managers are professional managers of funds from all over the world who trade on behalf of clients in an effort to make a profit. They can be individuals or teams, which work independently from one another. They pursue trends on weekly, daily and hourly basis, their investment decisions are based on fundamental and technical analyses. Some of them trade manually and some with an automated software. The main goal of our Money Managers is to have long-term management stability, consistent risk control and strong tendency to achieve targeted profits for our investors. We only offer the best Money Managers which are selected based on industry set standards, we perform strict due-diligence on them and check their track records. In addition to that, we test them on company s funds before they are available to our investors. After money managers are presented on our board we follow their money management constantly and replace them if it gets violated. More than 80% of our traders are NFA (US: National Futures Association) and FCA (UK: Financial Cinduct Authority) regulated. Being a member of that regulator imposes many obligations on a money manager. Regulator severely fines those money managers who try to hide something in their performance or provide falsified trading results. Money managers are rewarded based on their success. Because of this, they are highly motivated to make consistent profits on the market. BOARD OF MONEY MANAGERS Marco V. Ariel L. Benjamin L. Nicolas G. Randy D. Rome, Italy Tel Aviv, Israel Florida, USA Geneva, Switzerland New York, USA

6 INFINIUM FINANCIAL INDEX 6 Infinium financial index is composed of average monthly results from our Money Managers. You can compare how our money managers delivered strong performance over the couple of past years. You can see chart for comparison with popular S&P 500 index and other very useful performance data. VAMI (Value Added Monthly Index) RETURN STATISTICS RISK STATISTICS MONTHLY PERFORMANCE

7 MONEY MANAGER: RANDY D. 7 About Money Manager RANDY D. New York, USA I have over 20 years of hedge fund experience. Prior to starting my own fund management company, I formed a regional office in New Jersey for Orca Funds, a Florida-based currency fund. Previously, I was Vice President at Deerhurst Management, a currency-only hedge fund. My responsibilities included executing spot, forward, and option orders, and taking proprietary risk for the firm. I started my career in 1993 at Falcon Management Corporation, a macro hedge fund, where I started in the back office and worked my way to the fixed income and foreign exchange trading desk. I am a graduate of Lafayette College in Easton, Pennsylvania with a degree in Mechanical Engineering. I have 3 employees who are experts in their respective fields with many years of experience. Strategy Description The models seeks to identify and exploit volatility for profit. The model is 100% systematic and focuses exclusively on quantitative systematic reactive analysis with zero discretionary input. The core premise of our investment philosophy is market prices, (price action) is the sole key factor needed to make investment decisions. The strategies identify breakout levels to determine the trigger for beginning a trade only after the proprietary analysis signals that a significant market adjustment is imminent. A proprietary filter reduces random market noise and exploits high probability trades. Using this filter, combined with the risk management employed through all our strategies, allows us to keep the drawdowns low. MONTHLY PERFORMANCE RISK STATISTICS RETURN STATISTICS VAMI (Value Added Monthly Index)

8 MONEY MANAGER: NICOLAS G. 8 About Money Manager NICOLAS G. Geneva, Switzerland I have over 20 years of hedge fund experience. Prior to starting my own fund management company, I formed a regional office in New Jersey for Orca Funds, a Florida-based currency fund. Previously, I was Vice President at Deerhurst Management, a currency-only hedge fund. My responsibilities included executing spot, forward, and option orders, and taking proprietary risk for the firm. I started my career in 1993 at Falcon Management Corporation, a macro hedge fund, where I started in the back office and worked my way to the fixed income and foreign exchange trading desk. I am a graduate of Lafayette College in Easton, Pennsylvania with a degree in Mechanical Engineering. I currently Head a team of 7 employees which is managing funds for large hedge funds and banks. HSBC bank being one of the larger clients. Strategy Description Our discretionary trades are result of a portfolio of unique strategies combined with expert market analysis. Diversification of currency pairs traded, coupled with our in-house analysis and distinctive strategies, add to the robust trading approach that is unique only to our method. Our trading philosophy takes advantage of the dynamic market cycles, using price action, technical, and fundamental analysis to identify trends and patterns while using strict money management techniques to spread risk within each individual strategy. Our trading strategies include technical setups (breakout/momentum/swing) as well as a fundamental approach (mean reversion and position). MONTHLY PERFORMANCE RISK STATISTICS RETURN STATISTICS VAMI (Value Added Monthly Index)

9 MONEY MANAGER: ARIEL L. 9 About Money Manager Ariel L. is the head of multi-strategy investment advisory catering to institutional investors. Our research & trading focus is on liquid, low volatility, short term strategies trading US equity, global futures and currencies. Our research team is comprised of talented emerging managers based in Israel with strong backgrounds in computer science, statistics and the capital markets. We cultivate an incubator environment where our research & trading teams can focus on ongoing R+D in order to improve existing strategies as well as find new inefficiencies in the marketplace. Comanaged by three portfolio managers with a combined total of over 25 years experience trading capital markets worldwide. Strategy Description ARIEL L. Tel Aviv, Israel Strategy trades long/short the USD Major currency and cross pairs in the spot FX markets using a proprietary algorithm; Trades can be as short as a few hours and the average trade closes within 24 hours, for both winning and losing trades. We have trades that can last longer (few days weeks) as we aim to capture medium term trends, and these positions will be traded and can many times be flat and waiting for a new entry point. Less capital is held over the weekend as we aim to minimize gap risk. Our trading is a combination of Systematic & Discretionary. We have built our algorithms into software models that are the basis of all trades. We then use discretionary elements to improve risk management. The managers goal of overriding the system is to lower the drawdown risk as opposed to take on more risk for the goal of larger profits. MONTHLY PERFORMANCE RISK STATISTICS RETURN STATISTICS VAMI (Value Added Monthly Index)

10 MONEY MANAGER: MARCO V. 10 About Money Manager MARCO V. Rome, Italy My name is Marco V., I graduated in Physics with the highest grades from the University of Bologna (Italy) and I have obtained the title of Associate Member of SIAT (Italian Society of Technical Analysis).From the advanced studies in Physics and Mathematics, I developed my approach to financial markets and investments. Expert programmer and algorithmic trader, I have strong analytical and communication skills. Meditation is the key of my problem solving attitude. Strategy Description This is an Algorithmic strategy based on the principle of Adaptive Momentum Breakout. This strategy looks for strong and fast movement without entering the market during chaotic and extreme events. The main features are an internal diversification of settings that creates a stable portfolio and the way the algorithm recognizes the context instead of analyzing just few bars on the trading chart. No martingale, no grid systems, no scalping techniques are implemented. Risk management: all trades are always equipped with a safe Stop loss order. Adaptive Stop losses and fixed percentage risk per trade ensure a greater stability of returns and a controlled market exposition. MONTHLY PERFORMANCE RISK STATISTICS RETURN STATISTICS VAMI (Value Added Monthly Index)

11 MONEY MANAGER: BENJAMIN L. 11 About Money Manager BENJAMIN L. Florida, USA Benjamin L. has been successfully working in the FX industry for nine years. In those nine years he has created a number of trading strategies but also put a great emphasis on mind training. Over the course of his career he went through a steep learning curve getting to know and understand the business holistically. On the trading experience side in his function as a head trader. Hi created a record where he did not have a losing trading day in 8 consecutive months of trading. Benjamin created three trading education programs, books and/or courses and had mentored hundreds of students and improved their profitability on average by 30% and his methods have also been presented at the Traders Expo in New York. He has been trading full-time for over eight years now. Strategy Description This strategy was specifically created to serve the requirements of institutional clients with low volatility and stable profitability. It has proven itself trading a high AUM for professional clientele such as Investment and Hedge Funds and is establishing its place in the institutional world with its success. Strategy follows a systematic approach using a sophisticated algorithm to produce and trade according to its trading signals. The program also uses fundamental considerations to decide upon the timing and application of those algorithms which increases the chances of profitability. The program trades every day and is not dependent to speculate on the outcome of one single event. MONTHLY PERFORMANCE RISK STATISTICS RETURN STATISTICS VAMI (Value Added Monthly Index)

12 EXCLUSIVE MONEY MANAGERS 12 FOR INSTITUTIONAL INVESTOR ADVANTAGES For an institutional investor who wants to invest more than $1M (or 150K deposit in the case of IAC program) we offer our exclusive money managers. Those money managers accept investments only from $10M, but Infinium Financial has more with them. It gives you a unique opportunity to start investing with $1M under classic program. If you want to take all advantages of IAC program you can start with as little as $150K of real deposit into your account. In that case IAC works at 15:85 ratio, instead of usual 20:80. It was achieved due to low margin requirements those traders need. Trading account can be opened with couple of different Brokers (in that case there is no limitation to CFH Clearing). PERFORMANCE Trading performance and strategy details will be revealed only in a private way. To proceed you should send us a corresponding request to [email protected] We will forward you forms which you need to fill in and send back to us. If we manage to certify you as an Institutional investor we will send you all trading performance and strategy details. Short insight on the performance: 5 years of track record 21% average profit per year Max DD reached 1.87% 27% up to this moment this year

13 FEES. TYPES OF PROGRAMS 13 CLASSIC PROGRAM Performance Fee Performance Fee: 30% each month, based on net profits of your investment account from the previous month. This means that Money Manager and Company only gets paid if you make a profit. If a Money Manager does not trade, or loses money for an investor in a given month, the investor doesn t pay the Performance Fee for that month. In addition, if a Money Manager loses money for the investor in one month but makes money for him in a later month, the investor will only pay the Performance Fee on profits above the investment's high water mark so Performance Fees will only be paid when the total investment is positive. Management Fee Management Fee: 0,25% monthly, based upon the maximum available capital employed in the investment strategies in the previous month. PERFORMANCE IAC PROGRAM IAC program provides you an opportunity to deposit into your trading account amount 5 times less, than your desired investment. Trading performance Let us use and example and strategy below, details which details will represents be will revealed be revealed the only most in only commonly a private in a private way. used IAC way. ratios. To proceed you you should send send us us a a corresponding request request to [email protected] Client decides on a total investment of 100,000 EUR and he/she deposits 20,000 EUR or 20% into We own will account forward at you you CFH forms forms Clearing. which which you you need need to fill to in fill and in and send send back back to us. to If us. we If manage we manage to certify to certify you as you an Institutional as an Institutional investor we will send you all trading performance and strategy details. IAC investor for 80,000 we EUR will send or 80% you is issued all trading for collateral performance purposes. Client and strategy is not liable details. for the IAC part of the investment. The funds Infinium Financial requires for the 100,000 EUR investment is the 20,000 EUR deposit. Short insight on the performance: All Short trading insight losses on and the gains performance: after fees of the whole amount (100,000 EUR) belong to the client. Any potential years losses of are track limited record to the amount of Stop Loss Level agreed with client. In the 21% 5 years average of track profit record example client has set a stop loss per level year of 15% Max 21% DD average reached profit 1.87% per year 27% Max DD up to reached this moment 1.87% this year The product 27% was up envisioned to this moment for people this year who: Don t trust other institutions to hold most of their funds (they can keep 80% of their investment with them) Example: invest 100k (20k cash) and keep 80k at their bank account or under the pillow. Need free cash on hand but would like to invest it (companies and entrepreneurs who need free cash flow). Example: invest 100k (20k cash) and keep 80k in their company Would like to hedge their current investment portfolio (withdraw 20% from mutual funds, etc. and use IAC to hedge them). Example: have 80k invested in the deposits or mutual funds and 100k (20k cash) with us Like to speculate and invest more that they have but do not have available financing options. Example: invest 500k (100k cash) IAC Fee (goes in addition to classic program Performance and Management fees) IAC Fee: 0,22% monthly, based upon the maximum available capital employed in the investment strategies in the previous month.

14 DUE DILIGENCE PROCEDURE. POTENTIAL MONEY MANAGERS IN THE DUE DILIGENCE PROCEDURE. 14 We understand all the responsibilities we have for our investors, so we pass all our potential money managers through a Due Diligence process, which includes the following: DUE DILIGENCE PROCEDURE ADVANTAGES Regulatory status confirmation Proof of the past performance (Investors login, Brokers statement (later checked with broker), Audited statement (later confirmed with the auditor) etc Confirmation of AUM Head Trader and team CV Full analysis of past trading performance (no martingale, no adds to losers, no huge floating DD and etc) Filled questionnaire with main info about the system Sometimes money managers are too private. They are afraid of reverse-engineering, privacy of account owners and etc. In other words, they try to play many tricks and do not to send mentioned above info. But we usually find a way how to organize that so. you can be sure that our traders all passed all the required tests and their trading is real and verified. POTENTIAL MONEY MANAGERS IN THE DUE DILIGENCE PROCEDURE

15 INVESTMENT ACCOUNT ON CLEARING HOUSE 15 ADVANTAGES CLEARING HOUSE CFH Clearing Limited ( CFH Clearing ) was founded in April of 2008 and was authorized under the FSA on 8th September 2008 with UK Financial Serviced Authority number: CFH Clearing is founded by a group of market experts from the industry and mainly owned by two leading UK private equity firms, Arbor Ventures and CMG Partners founded by Chris Mathias. CFH Clearing has over $1.5 Billion in credit facility and is one of the largest and most respected interbank STP venues in the market. CFH Clearing currently use Jefferies and BNP Paribas as Prime Brokers. INVESTMENT ACCOUNT As investment account is similar to a traditional bank account held at a financial institution with main difference that this account is administered by the Fund Manager and Money Managers selected by the client which employ their trading strategy on clients funds. For example, if an investor invests in Mutual Funds, which invests in Company 1 and Company 2. That investor wants to reduce the weighting of Company 1 in the fund. The fund company would not allow it since the Money Manager looking after the fund cannot make investment decisions based on one investor s preferences. On the other hand, with investments accounts investors are given the freedom and ability to do what they want with the investments within the portfolio, they can substitute the Money Manager based on the individual investor s goals and objectives. Thus, if an investor holds an investment account and wants use different strategy, he or she could do so. SAFETY OF FUNDS Segregated clients trust accounts with top tier banks ensuring full client money protection. Accounts with CFH Clearing which qualify for segregation are kept fully segregated with either HSBC or Barclays Bank Plc in client trust accounts in accordance with the UK Financial Services Authority client money rules. The UK Financial Services Authority, one of the world s most respected financial regulatory bodies, regulates CFH Clearing. Accordingly, in the unlikely event of default, client funds held in segregated accounts are protected, and cannot be used to benefit other creditors. All eligible clients on-boarded via partners of CFH-Clearing are offered a full guarantee on the safety of their funds by up to GBP by Financial Services Compensation Scheme (FSCS)

16 INVESTMENT PROCESS 16 ADVANTAGES INVEST IN 3 EASY STEPS We offer services to manage your funds on financial derivatives specially on Foreign Exchange Markets. With your investment account opened at brokerage house and our Money Managers (traders), we offer you the investments in fast growing markets. These markets can be profitable but also risky, because of that we offer a wide palate of safety measures. With combination of experience that our Money Managers have and our safety measures we can achieve a long-term stability and growth. Financial markets can be profitable even when the market is falling (shorting). If we look at the currency market liquidity, it is very high (4 trillion dollars a day). Therefore, makes it possible to find a lot of trading opportunities. With proven trading strategies you can achieve more profitable results. Since trading and getting a professional Money Manager, as an individual investor is difficult in this market, we offer you our best possible services at your disposal. With our investment model and your investment account opened at brokerage house you can build your own portfolio, which can also be called your private financial derivative fund. You can choose Money Managers who suet best to your investment goals. To each Money Manager that you choose you can set a management criteria s: You can allocate your funds to Money Managers with different profit targets, Choose Money Manager with Stop Loss Trigger which best suits your investment goals, Percentage of your capital allocate to each Money Manager, Choose between Money Managers with different trading methods, different financial derivatives and different markets. 1. OPEN AN INVESTMENT ACCOUNT AT THE BROKERAGE HOUSE An Investment Account is similar to a traditional bank account held at a financial institution. The main difference being that this account is administered by the Fund Manager and Money Managers selected by the client who employ their trading strategy on their behalf. Only the Account Holder can withdraw funds from the Investment Account. An Investment Account, as an individual or a company, needs to be opened at CFH Clearing. Clearly Infinium Financial assists with this account opening. When the account is open the client needs to fund the account by transferring funds from their normal bank account to their personal Investment Account. Only the Account Holder can withdraw or deposit funds. In addition, the Money Manager can only manage the client Investment Account under the terms you set out in a Limited Power of Attorney (LPOA) and Infinium Financial can only manage it as long as LPOA is valid. 2. CREATE YOUR OWN PORTFOLIO WITH OUR MONEY MANAGERS When you fund your Investment Account you will receive the necessary details to allocate your funds. Please be aware that at this point your funds are not yet under management. We build an individual portfolio for each client based on their needs and wants. With customizable risks and projected gains, clients can get a better understanding of the investment and its possible deviations. 3. VIEW INVESTMENT PERFORMANCE We believe that transparency and our product walk hand-in-hand and for that reason clients have 24/5 access to their back offices directly connected to their clearing accounts. In addition we provide detailed reports that include net and gross gains and balances that give a clear picture to the client.w ith these three steps completed clients are then in a position to take advantage of financial markets not previously available to them in a uniquely safe context.

17 CONTACT 17 Dear Investor, I am sincerely happy, that you reach this page. Now you know more about the institutional side of the Forex market. I hope now you understand what you should expect from your money managers. If you like the managers that were presented above, I will be happy to assist you in placing your Investment with Infinium Financial. More relevant information and updated performance on available money managers you can find on: You can always contact me and ask advice about your trader or money manager. I will assist you free of charge! The only goal I pursue is to make the Forex industry cleaner and get rid of scammers. You can always reach me by or direct phone number. Head of Advisor Infinium Financial [email protected] + (44) Truly yours, Viktor Karpinsky INFINIUM FINANCIAL INVESTMENT PROGRAM This document is an advertising document and serves solely for information purposes. Nothing contained in this document should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction. Infinium Limited, herein after referred to as Infinium, offers a number of products and services designed specifically for various categories of investors in various countries and regions. Not all products will be available to all investors. The products or services offered by Infinium are only offered to clients in those countries and regions in accordance with applicable laws and regulations. The information provided in herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not directed to any person in any jurisdiction where the publication or availability of our services is prohibited, by reason of that person s nationality, residence or otherwise. Persons under these restrictions must not receive this document. Some services may not be available to certain investors due to regulatory or other constraints either in Switzerland, USA or elsewhere. You are advised that most services are only available following completion of the Infinium management Agreement and/or any other relevant documentation as required by the Company from time to time. Investments in securities or financial instruments (including futures, options, contracts for differences, spot and forward foreign exchange contracts) can be subject to considerable rising and falling fluctuations within a short period of time. This information is neither a prospectus in terms of civil law nor in terms of investment law and must not be construed as such. Accordingly, you should be aware that you might not realize the initial amount invested and indeed may incur additional liabilities as investments in securities or financial instruments may entail above average risk. You must therefore carefully consider whether your financial circumstances permit you to invest. Capricorn strongly suggests that you seek the advice of an independent financial advisor in this regard. Please note that financial derivative trading may involve significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading, and seek independent advice if necessary. Any opinions, news, research, analyses, performance strategies, prices, charts or other information are not necessarily predictive of any particular result and do not constitute advice. Past performance is no indication of future results. Investor returns may vary materially from Money Managers returns based on slippage, fees, broker spreads, volatility or other market conditions. If you place additional trades in your account or you modify or cancel an order generated by your investment program you may achieve a materially different result than the Money Manager(s) that you choose. By increasing or decreasing the amount of capital you allocate to the particular Money Manager, you may achieve materially different profits or losses than the Money manager and you may be increasing or decreasing the risk of your Investment program.