Free binary options ebook

How to Trade Binary Options Profitably. Published: 2 years ago. Book Description HTML. Binary Options are easy to trade but hard to trade profitably. That's the danger. If you start to trade without learning the correct way to do so then you will loose your money. Don't let this put you off. This eBook will show you how to set about learning what you must know and must do before you start to trade. It's not easy, but why would you expect it to be? What matters is that it can be done. Negotiating Essentials. Say Goodbye to Ignorance in: Entrepreneurship, Financial Freedom, Making Money Online and Personal Growth. Formats: PDF, Epub, Kindle.

Cash Flow Management Handbook. Cash is the lifeblood of your business. If you have a good business model and you&rsquore great at managing cash, your company will be wildly successful. But if yo. Formats: PDF, Epub, Kindle. Productivity: 24 Hacks To Improve Business Performance and Profits. Fascinating book providing links between performance science & business profits. A new look at acquiring or sustaining competitive advantage for business of a. Formats: PDF, Epub, Kindle. The 100 Most Popular Financial Terms Explained. Understand Financial Terms - Make Better Financial Decisions. This practical financial dictionary helps you understand and comprehend more than 100 common fin. Trading Binary Options for Dummies PDF| Binary Book.

After being avid Binary Options traders for several years, we have now reverted to another form of online trading. Why? following extensive testing we find this new online trading platform to be more profitable, at least for us. You can find all about it here: bizmove. complatform What made the difference is a unique feature that allow us to watch and copy the strategies and trades of the best performing traders on the platform. You can actually see each move the "Guru" traders make. This method works nicely for us. Since we started trading with this platform we noticed an increase of our successful trades and profits when compared to our former Binary Options platform. For US Based Traders . How to Trade Binary Options Successfully - Free Binary Book Download. Binary options trading provide you with an opportunity to trade stocks, currency and commodity options using a simple platform interface using one mouse click. In contrast to standard investing, binary option (BO) trading offers you an extremely clear picture of pre-determined ROI.

This is an excellent chance to command the gains and control the potential risks. It is not the market but instead you who really makes a decision on just how much you may risk and what is your preferred gain results. The purpose of this binary options eBook is to show you how to make money trading BO. BO are a popular investment instrument for trading stocks, commodities and currencies. Trading Binaries is very simple and straightforward, all you need to do is decide which of the two directions the asset will move, up or down. And binaries has quite a high profit potential. BO allow even beginners the opportunity to succeed with financial trading. Actually people that have minimum financial track record can easily make money by learning how to trade options online. This trading binary options for dummies PDF features the in and outs of BO as well as strategies needed to achieve success in trading binaries. Here are some of the topics you'll discover while reading the book: The single most critical factor to binary options method success - ignore it at your own perils. How to prevent falling prey to a dishonest broker.

Simple, easy to copy ideas that will enhance your chances of winning trades. binary options method. How to spot a scam. What you need to succeed in BO. Advantages and disadvantages of trading BO. Effective risk management strategies to help you minimize your risk and conserve your capital. Key factors to successful financial Binaries Option trading . How to develop BO investment strategies and entry points signals that work. A list of easy-to-follow tips to help you improve your trading successes. How much money you need to start trading. All this and much much more. You can download the binary book now for free here (PDF version): Trading binary options for beginners video. Binary Book Excerpt: What is Binary Options method. The purpose of this 'how to trade binary options successfully' book is to show you how to make money trading Binary Options. In the first several chapters we will deal with the in and outs of BO while later on we will go into the strategies needed to achieve success in trading binaries. So what are Binary Options (also referred to as 'digital options', 'fixed return options' and 'all-or-nothing options')?

A binary option is In fact a prediction of which direction the price of the underlying asset (a stock, commodity, index or currency) will move by a specified expiration time. With Binary Options, an investor doesn't purchase the asset - he is merely predicting the direction that the underlying asset moves. There are actually just two possible outcomes. A fixed gain if the option expires &ldquoin the money&rdquo, or a fixed loss if the option expires &ldquoout of the money.&rdquo The price of the asset is not important. The only thing that is matter is whether the prediction is correct or incorrect. A binary options trade usably involved three steps: First, you choose a trade expiration time, this is the time you want the trade to end. It could be any time period between a minute and a week - usably it is within the day. Second, you choose Call or Put. If you think the price will end up above the current price: you click the buycall button. If you think the price will end up below the current price: click the sellput button. Now that the trade is placed, you simply wait for the outcome. If the trade expires 'in the money', you make a profit. If it expires 'out of the money' , you'll lose.

Now you can see where the "binary" comes from, it stresses the fact that there are two possible outcomes to a binary option, both of which are set and understood by the investor prior to placing a trade. Now here is an example: You purchase a Google binary option for $25, with the opinion that within 2 hours Google's shares will be higher than they currently stand. If you are correct you get a previously set percentage return on your investment (e. g. 82%), should the shares go lower you lose your investment (some brokers will give you back a small amount as a "refund"). A number of factors distinguish binary options from regular stock options. Typically the short-run expiration time suggests traders could make an immediate profit on the binary options and therefore are way more versatile in their option investments. In regular stock options, a trader will pay per contract. Therefore the investor may profit or lose a sum based on the quantity of points difference between the expiration level and the strike price. In contrast to binary options in which the two outcomes are actually set from the beginning. An investor in a binary option needs to hold onto his option until the expiry date. He must consequently take more care when ever buying his options as he is unable to sell them after they are purchased. Binary options are categorized as exotic options, however, inside financial markets they sometimes are termed as digital options. While digital options are quite simple to understand and easily traded, the mathematics behind the pricing is complex. It is because of this that digital options are referred to as exotic options.

For years Binary Options were traded by large institutions and their clients in the over the counter market (OTC). In 2008, the Securities and Exchange Commission in the US approved the listing of binary options with continuous quotations and now binary options are also available to individual investors. Most binary options method tracings nowadays are performed online thru private brokers that use sophisticated trading platforms. What Are Binary Options Developing Your Money Management method Developing Successful Investment Strategies How to Spot Brokers that Scam How to Make Money Trading Binaries How Much Money You Need to Start Investing Advantages and Disadvantages of Binaries US Binary Options Brokers Tip for Success Developing a System How to Trade Binaries Free E-book Download Page How to Develop Successful Signals How to Find a Forum Demo Account to Practice Investing For our international visitors ‘Ѕ°ЂЅ‹µ ѕї†ѕЅ‹ ѕ‚·‹І‹ Bin¤re optionen strategie Estrategias opciones binarias Broker opzioni binarie °kili Opsiyon Ticareti Estrat©gia de Op§µes BinЎrias Brokers options binaires §„®Љ§±§Є §„«†§¦Љ© єЊ…ѓњџќѓ. Sidebar: you are invited to visit our car insurance information section featuring a list of articles that may save you hundreds of dollars on your motor vehicles quotes. In full coverage auto insurance you'll discover helpful tips to getting cheap quotes. For information on how to get cheaper quotes on shorter terms see one month car insurance and also short term car insurance. For first time drivers information see cheap car insurance for new drivers. How about obtaining cheaper premium rates for mature women? no problem, look here, best insurance for new drivers over 25 year olds. If you are interested in a half year duration see 6 month car insurance for helpful tips on the topic. How about getting more favorable premiums costs for younger drivers?

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Copyright © by Bizmove Binary Options Trading Center. All rights reserved. . Its gambling really! The a look at this free binary options ebook! learn the tricks to be able to trade the market like the pros, Avoid common mistakes and start generating profits today! ! ! , , , ! Binary Options Ebooks. “The more that you read, the more things you will know. The more that you learn, the more places you'll go.” > Binary Options Ebooks. Have you ever wondered what the difference is between risk and money management? Do you wish that you understood more about candlestick charts and trading strategies? Covering a wide range of topics from technical indicators to candlestick patterns, discover our exclusive binary options ebooks aimed at turning our customers into skillful traders. How to Use Binary Options Strategies.

Like jumping in water without knowing how to swim, approaching the financial market without any solid binary options strategies is a recipe for disaster. In our ebook entitled “How to Use Binary Options Strategies,” we picked 8 of the most effective ways to identify trading opportunities a. Understanding Technical Indicators in Binary Options. Binary options trading is not only about choosing Call or Put. Would it have been that only, it would not be called trading, but gambling. Trading requires analysis of market and the ability to gauge future trends of particular assets. Technical analysis is an inevitable part of such gauging. Deciphering Candlestick Charts. Older than bar charts and P&F charts, Japanese candlesticks are a powerful charting technique. The trick is that they require an amount of mathematical ingenuity. To take full advantage of candlestick charts, you must first understand how they are constructed before delving into their interpre. Risk & Money Management in Binary Options. Binary options trading is a relatively easy way of trading which, nevertheless, does not make it devoid of risks. The ‘Risk and Money Management in Binary Options’ ebook addresses the risks present binary options trading if there is no proper planning and management and is meant for trader. BINARY TRADING Open Account Getting Started Account Types Islamic Account Funding Your Account Compliance Procedures Desktop Platform Mobile Trading App TRADERS TOOLS Classic Binary Options TradeReplica 60 Seconds Trading FXCFD Trading One Touch Options Pairs Trading Long Term Trading View All Tools RESOURCES For Beginners Binary Options Webinars Free Ebook Traders TV Trading Signals Market Updates Crypto Watch List Economic Calendar OUR COMPANY Contact Us About Us Official Blog Press Releases Expiry Rates Asset Index FAQ Become an Affiliate.

Risk Disclosure: Binary Options Trading is risky and may not be suitable for all types of investors. Please go through our Terms and Conditions before opening an account. Disclaimer: Zola Ltd. shall not be held responsible for any damages a or losses of any kind that you shall incur as a result of modifications and enhancement, termination andor suspension andor discontinuation of the website or any its services provided. Any third-party links, services, resources and information that we provide, or make available through the Website are not controlled by us. We make no warranties regarding such third-party services, resources and information, and we will not be liable for your use of or reliance on such third-party services, resources or information. BinaryOnline is owned and operated by Zola Ltd. 14 Tsar Osvoboditel Blvd. 1000 Sofia Bulgaria. EBOOK. by joining to Sheriff University and Community of traders! “The Secret Trader” ebook contains lots of practical information about trading Binary options and Forex. All the knowledge you need to have in order to trade and be successfull.

To get sneak peak of this valuable training material leave your email below. Regular price at Udemy – $19. Get the full version here. PDF format – requires Adobe Reader free version contains 23 pages full version 64 pages prinatble A4 format. hey sheriff that’s such a good ebook, the best i have seen so far. i will continue education on univeristy. i got free ebook it’s great i want to buy full version please tell me how. Thank you sheriff for this valuable ebook, it opened my eyes! Thanks, just subscribed! waiting for my ebook. I cannot say how grateful I am to this free education! I have been scammed and I am now slowly learning and earning.

Thanks Sheriff this is invaluable. thank you Mina.. we are here to help. Education is your key to success. danke Sheriff! i have subscribed. Thanks for a very good and useful youtube channel. Greeting from Italy. Thank you for giving me the opportunity to read your ebook. Thanks for the your interesting YouTube article. Its a great help. Thanks again from Ireland. Your session on auto trading with SnapCash binary was really helpful to me and I shall be joining up ASAP. Thanks for the ebook.

Have you heard of the auto trader ”charityprofitsapp”. I t looks pretty genuine to me, but I would appreciate your opinion. thank you for this free version of ebook, very well done, it’s so nice to read, i’m convinced to go for full version, where can i get it pls ? Hi, we’re glad you are happy with The Secret Trader content. Full version you can purchase here: binaryoptionsheriff. comproductthe-secret-trader-ebook Thanks for this ebook, you made me understand how to use economic calendar and how to look at Japanese candlesticks.. in such easy way. This works. Hello I loss some money in iq option robot auto or manual. i want to make money in auto trading before i turn turn to manual trading. Please help what when wrong? I only get to see only code fibo, snapcash, if you had post please tell me the name that you post thank you hope to hear from you i’m from singapore thank you. We recommend IQ option for free demo trading. Option Robot is not a software of IQ trader.

It is a separate scam software which is in turn linked with IQ option. I am not sure if you are understanding. If I were to chose, it would have to be snapcash, because so far it still has the auto trade option. CodeFibo is now only manual trading. Check out the free software on binaryoptionsheriff. comsnapcash. Hello Mariella–I am coming back to you—I tried NADAQ and did not do well. I am still in Ecuador and will be going through the US to Greece in February—I want to demo trade for free if possible in the meantime–please help me to get started properly—I really like your teaching style and I find I can follow you better. Please recommend a method and tools. Anastasia Alexander PhD. You need to open an account with IQ option. They give you a free demo account.

Get them on binaryoptionsheriff. comIQoption. Have you dowloaded the e-book. all the strategies are there step by step, but if you are interested in a more personal coaching approach, please let us know and we will devise something for you. US Search Desktop. We appreciate your feedback on how to improve Yahoo Search . This forum is for you to make product suggestions and provide thoughtful feedback. We’re always trying to improve our products and we can use the most popular feedback to make a positive change! If you need assistance of any kind, please visit our community support forum or find self-paced help on our help site. This forum is not monitored for any support-related issues. The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum. Vote for an existing idea ( ) or Post a new idea… Stock screener crashes. choice to remove real names and birthdays from account to stop hackers from stealing names. choice to remove real name and real birthdays from list account to stop hackers from Identity theft. I am requesting that you do a manual review of the organic results on "chinook boot dryers" I am requesting that you do a manual review of the organic results on "chinook boot dryers", and many other "boot dryer" and "boot dryers" keywords. First there is not much variety being displayed, since the search results are almost ALL going to websites controlled by the same guy who has built the following websites, and interlinked them together and crowded out all of the other possible search results: + his pages on Amazon (note the seller is SEA Products, which is the same guy who runs all of the above websites. Scott E Allen.) You can verify this by looking at the phone numbers and addresses on the above websites, plus all of the sites look like each other. This seems very spammy and NOT a good representation of Yahoo's stellar results. Also, it sends the signal to others that all you need to do is build out 5-6 ****** websites, link them together and take over the top search results. which isn't fair to other operators or customers trying to find the best products.

Another interesting thing about the results for "chinook boot dryers" is the fact that this guy has the domain chinookbootdryer. com, and that he is NOT the manufacturer of Chinook Boot Dryers but his organic listing is being treated with domain authority as though he was the manufacturer. We spoke to the actual manufacturer and found out that this guy is only one of many of their dealers and does not work for the company or have any affiliation with them in any way. You can verify this by calling the manufacturer yourself. Their number is 203-366-3840. We have researched many other "boot dryer" keyword results and have noted that his websites are ALL dominant and taking up almost all of the page 1 organic search results. We hope you do the right thing and don't reward this behaviour, since the rest of us are trying to stick to Yahoo's guidelines and play by the rules. with one website. Thanks for your consideration and support! I am requesting that you do a manual review of the organic results on "chinook boot dryers", and many other "boot dryer" and "boot dryers" keywords.

First there is not much variety being displayed, since the search results are almost ALL going to websites controlled by the same guy who has built the following websites, and interlinked them together and crowded out all of the other possible search results: + his pages on Amazon (note the seller is SEA Products, which is the same guy who runs all of the above websites. Scott… more. I can't sign into my account because I don't have access to the phone number it's linked to anymore. I can't sign into my main email account because I no longer have access to the phone number it's linked to. How can I sign in with the old password system? Having no other option to sign in other than the "secure" way is stupid and is upsetting when I need to access my email from my computer! I'm logged in on my new device but I have no access from my desktop where I need access it from. Some downloads on the internet are linked to a Yahoo hijack of Firefox and Chrome browsers where searches are redirected to Yahoo search. Some downloads on the internet are linked to a Yahoo hijack of Firefox and Chrome browsers where searches are redirected to Yahoo search. This has to be damaging your reputation. You need to take steps to stop this from happening.

should be able to go dir. to the program I am referencing. New House Hunter Intl. do not tell what job the couple has, relating to their new location also filing does not always show each room in houseapt. Inquiring minds want to know!! fix broken search functionality. You can improve by making it work as advertised. And to be better restore lost functionality from say, 5 or more years ago. For example, this is broken: search for word in subject succeeds when use the time of anytime but fails when I use last 7 days. I can see the mail with search word at the first mail in my inbox which I sent 15 minutes ago. Search used to be terrific, better than gmail. But it has deteriorated.

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The Original Turtle Trading Rules - Rules of the original "Turtle Traders" one of the greatest trading experiments conducted. The free rules project had its seed in various discussions among a few of the original Turtles, Richard Dennis, and others regarding the sale of the Turtle Trading System rules by a former turtle, and subsequently, on a website by a non-trader. It culminated in this free ebook , which discloses the Original Turtle Trading Rules in their entirety, free of charge. Turtletrader. com purports to have the actual Turtle Trading Rules, and will sell them to you. The site is filled with huge amounts of information about trading, and bills itself as the "No. 1 Source for Trend Following Worldwide." What they don't tell you is that the site is run by a guy who doesn't even trade his own rules - or trade at all for that matter - and has never been a successful trader. Yet he purports to be an expert on the "Turtle Trading Rules," and on trend following! Core Point and Figure Chart Patterns - free ebook. Charles Dow invented the basics of "supply and demand" charting, point and figure, in the late 1800's. It's been used ever since. Charts effectively show "historical perspectives" best, and chartists are always watching to see what leading indicators will predict "what's next.

" Using point and figure as a methodology for seeing prior supply and demand also helps the chartist eliminate "noise." "Noise" is what we call "too much information, and too many facts" that are put in front of the average investor. Many option traders wrongly believe that the more charting and detailed information (bells and whistles) they have to trade with, the better. This is dangerously wrong. Remember, charts provide lagging information. Point and Figure charts provide leading information, around supply and demand. Download the ebook. The Day Traders Bible. First published in 1919 and only now rediscovered. The works of one of the true legends of trading.

You could search for years without every finding a work like this again. Richard D. Wyckoff was voted one of the 5 most influential traders of all time and until recently this rare manuscript was thought to have been lost forever. In the 1900's Wyckoff analyzed many of the days great traders to come up with a methodology that can only be described as astounding. How I Made $2,000,000 in the Stock Market. by Nicholas Darvas. Darvas Box is a fairly well known indicator now, but here is the book by the man who started it, and made millions from the method. A Wall Street Classic. The Darvas System For Stock Market Profits. Reminiscences of a Stock Operator. A true classic. A must read for every trader. Forex Seasonal Patterns ebook. The seasonal patterns of the EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and Dollar Index by Cory Mitchell, CMT. Use seasonal forex patterns to discover when forex pairs typically rally and fall during the year , as well as to confirm reversals or trends using other methods.

Binary Options method - Free Ebook. The Fibonacci Binary Options method is a robust trading method that uses the Meta Trader 4 charting platform in order to identify binary option trade setups. Binary Options Trading Logic - This section is the most important aspect of our binary options method. It outlines specific trading rules like entry and exit criteria as well as money management in order to limit your risk. Forex Coders Guru Mql4 Course. In this course, you will learn how to use the MQL4 for building your own Forex Expert Advisors, Custom Indicators and Scripts. MQL4 stands for MetaQuotes Language 4. MetaQuotes is the company who built the MetaTrader Forex Trading Platform. 18 Trading Champions Share Their Keys to Top Trading Profits. The Pocketbook of Economic Indicators. If you have no idea what CPI, PMI, or ECI mean, then you are like most beginning investors.

Let me explain these and a few others terms to enhance your knowledge of indicators that affect your investments. Economic indicators are used by the Federal Reserve to monitor inflation. When they reflect inflationary pressure, the Fed will increase interest rates. Conversely, when they show signs of deflation, a decrease of interest rates becomes imminent. Interest rates are important for the economy because they influence the willingness of individuals and businesses to borrow money and make investments. An increase of interest rates will cause a downturn in the economy, while a decrease will fuel an expansion. The purpose of this guide is to explain in simple terms, the twenty economic indicators followed by most investors and analysts. The next time you hear these terms in the media and or financial press, you can use the information in this guide to evaluate their potential effect on the economy and ultimately your portfolio. Euro Forex Secrets - Almost FAIL-PROOF System For EUR USD Forex Trading. The forex currency pair that new forex traders are generally recommended to focus on is the EURUSD pair. 1) Volatility: Profits can only be made in. when there is reasonable volatility. 2) Economic and Trade Related Activity.

3) Liquidity: In a liquid currency market there are many buyers and sellers and a lot of trading activity. 4) Predictability: Compared to other major currency pairs, the EURUSD is a often the most predictable. 10 Ways To Stay Focused For Real-Time Day Traders. If you have been trading for more than 5 minutes you'll know that a large part of your success or failure as a trader is psychologica l. This great little e-book will give you a greater understanding into what you should be thinking when you are day trading. The 123 Trading System. This is an incredibly powerful yet simple trading pattern that can turn your trading around. Works on any market and has a very high accuracy rate. This is without a doubt one of the best chart setup patterns you will see . Once you train your eyes you will see them all over the place on your charts. Paid FREE For a Limited Amount Of Time . I am offering most of these ebooks free for the first time. In order to protect these books I can't simply post the download links here. Please enter and confirm your email and I'll send you the download link for all ebooks. PLUS Bonuses Right Away!

The Tailwind Trading System is a rare combination of simplicity and power ! It is a unique low risk stock trading system capable turn a portfolio of $5,000 into $42,000 and a portfolio of $100,000 into $850,000 using a small number of trades and a minimal amount of time and effort! *Results may NOT be typical for the average user. (Required disclaimer) "The Subtle Trap of Trading" will give you a clear step by step approach to ensure that you maintain discipline over your emotions. This really is a must read for any trader that is truly serious about being a successful trader ." Click here for more info. If you are ready to learn proven strategies that work when it comes to penny stock investing, then The Penny Stock Trading System is a "must have." Learn how to make Consistent Profits Day Trading the Futures Market.. . This course is the result of the challenge of an ex-floor trader coming to terms with screen based trading . It was no easy transition, but eventually I found a way to take what I had learnt from trading on the floor to trading on the screen. Get more details about the futures trading course. HOW JUST ONE 'ODD' STOCK MARKET PHENOMENON MADE ME. This is not normal. People just don't make this kind of money in the market every day.

and that's true. Days like this are unusual to say the least, but they come along often enough that if you wanted to you could trade nothing else and make a pretty good living at it . And the trade setup is darn simple. It's the most simple setup in the market I've ever seen. Discover extremely profitable simple but powerful day trading methods that give you an almost unfair advantage and make you win despite the current market weakness. Start trading smart and educated today! Essential Stock Trading Course Including All Of The Most Successful, Profitable Yet Easy To Understand Trading Patterns - Without Using Complicated Indicators! 96 Pages PDF Click here for more info about the Master Trader day trading ebook. Insider Forex Secrets reveals "million dollar banking secrets" that will give you enormous power in the Forex currency exchange market. A Great Guide For Beginners. "The Ultimate Trading System by David Jenyns is a comprehensive and practical course available in the market, covering all the key winning aspects to the development of a sound and robust trading system." This ebook was written with the intention of enlightening your knowledge and awareness of different techniques of technical analysis. As a professional trader and public speaker I strive to help educate my community of investors and clients. As an example of my commitment to that goal I want to provide this manual to you.

I believe that continued education can help increase knowledge and through improved knowledge comes confidence. This ebook is not designed to cover every detail of the material discussed but to help you to explore a new avenue or refresh your memory of material you may have learned previously. U. S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose. This training website is neither a solicitation nor an offer to BuySell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense.

This site and all contents are for educational and research purposes only. Please get the advice of a competent financial advisor before investing your money in any financial instrument. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.