Financial Risk Disclosure General information on the risks associated with the financial markets, with trading, and with the use of ForexGann’s analyses and tools. Last updated: [date] 1. Purpose of this disclosure The purpose of this Financial Risk Disclosure is to provide general information on the principal risks associated with the financial markets and with the use of the content, analyses, services and tools made available through ForexGann. The risks described on this page are not necessarily an exhaustive list. Further risks may arise from the characteristics of a particular financial instrument, from market conditions, from the provider used, and from the individual circumstances of the user. 2. General risk of loss Any trading or investment activity in the financial markets involves a risk of loss. The value of a financial instrument may rise or fall, and market conditions may change rapidly. There is no guarantee that any analysis, methodology, scenario, strategy or tool used by a user will produce positive results. Users must take into account the possibility of suffering losses and should not commit financial resources they cannot afford to lose. 3. Market volatility Financial markets may experience periods of high volatility. Prices and quotations may change significantly over very short intervals as a result of, among other things, economic events, central bank decisions, macroeconomic data, geopolitical events, changes in liquidity or other unexpected events. Volatility may produce price movements significantly different from scenarios previously set out. 4. Leverage The use of leverage increases a user’s exposure relative to the capital committed. Leverage may amplify both profits and losses and may produce material changes in the value of a position even where the movement in the underlying market is relatively limited. Leveraged instruments therefore require a particular understanding of how they work and of the associated risks. 5. CFDs and other derivative instruments Contracts for Difference (CFDs) and other derivative instruments are complex products and may involve a high risk of loss, particularly where leverage is used. A CFD generally provides exposure to changes in the price of an underlying asset without acquiring direct ownership of that asset. The characteristics, costs, margin requirements and applicable protections may vary depending on the broker and on the applicable regulation. Before using CFDs or other derivative instruments, users should understand their characteristics, costs, margining mechanisms and risks. 6. Forex The currency market may be subject to rapid movements arising from, among other things, changes in interest rates, central bank decisions, macroeconomic data, international capital flows and geopolitical events. Where currency exposure is taken through derivative instruments or leveraged products, the associated risks may be significantly amplified. 7. Indices, commodities and metals Equity indices, commodities and metals may be influenced by multiple factors, including economic conditions, supply and demand, monetary decisions, geopolitical events, currency movements and conditions specific to the underlying markets. Oil, gold and other commodities may also experience periods of particular volatility. 8. Crypto-assets Crypto-assets may display particularly high levels of volatility and may undergo significant price changes over very short periods. Specific risks may also exist in relation to liquidity, the platforms used, technology, custody, regulation and market structure. The use of derivative instruments or leverage in connection with crypto-assets may increase that risk further. 9. Call and Put options Options are derivative instruments whose value depends, among other factors, on the behaviour of the underlying asset, the strike price, the time remaining to expiry, volatility and market conditions. The economic behaviour of an option may therefore differ from the simple movement of the price of the underlying. Some options strategies may result in the loss of the entire capital committed and, depending on the structure used, may present further complex risk profiles. 10. Hedging strategies Hedging strategies generally aim to modify or reduce certain market risks, but they do not guarantee the elimination of losses. A hedge may be partial or ineffective, or may produce results different from those expected, because of changes in prices, volatility, time, costs or the structure of the instruments used. 11. Gaps, slippage and execution The price at which a transaction is actually executed may differ from the price observed or expected. Where there is high volatility, reduced liquidity, a market opening or an unexpected event, price gaps and slippage may occur. An order, including any stop order, may therefore be executed at a price different from the level requested, depending on the characteristics of the instrument and on the conditions offered by the broker used. 12. Liquidity risk In certain market conditions it may be more difficult to open, close or modify a position at the desired price. Reduced liquidity may result in wider spreads, greater volatility and less favourable execution conditions. 13. Trading costs Spreads, commissions, financing costs, overnight costs, currency conversion costs and other charges may affect the overall outcome of a transaction or a strategy. Such costs may be particularly material where trading is frequent, where positions are held for extended periods, or where leverage is used. Users must check the costs actually applicable directly with their own broker. 14. Market data and technology risk Financial analysis also depends on the availability and accuracy of the data used. Market data, feeds, platforms, software, internet connections and IT infrastructure may be subject to delays, interruptions, errors or unavailability. ForexGann applies reasonable procedures to the processing of the information used in its analyses, but cannot guarantee the complete absence of errors or interruptions originating from third-party sources or systems. 15. Technical analysis and the W. D. Gann methodology ForexGann’s analyses are based principally on the methodology of W. D. Gann and may be supplemented with other technical or quantitative analysis tools. Support and resistance, Set Ups, time cycles, trends, invalidation levels, projections and technical targets are analytical work. No technical analysis methodology, including the methodology of W. D. Gann, is able to predict the future behaviour of markets with certainty. 16. Scenarios, targets and projections Any bullish or bearish scenarios, technical levels, targets, price projections or timing indications represent assessments formed on the basis of the information and conditions available at the time of the analysis. The market may develop differently from the scenario considered and may reach, fail to reach, or exceed the levels identified. Targets, projections and technical levels are not a guarantee that any particular market movement will occur. 17. Past performance Results and performance obtained in the past are not a reliable indicator of future results. The fact that a methodology, an analysis or a strategy has produced particular results in the past does not imply that similar results will be repeated in the future. 18. Backtests, simulations and hypothetical results Backtests, simulations, theoretical examples and hypothetical results have inherent limitations. They may be produced using historical data and conditions that do not fully reproduce real execution, liquidity, slippage, costs, latency, the psychological conditions of the trader and other circumstances present in live trading. Simulated or hypothetical results are not a guarantee of future results. 19. Top Trader® Top Trader® is a software tool for the study and analysis of the financial markets using Gann theory, and also includes functionality for the analysis and simulation of strategies using Call and Put options, including hedging configurations. Use of the software, of its calculations, of its graphical representations or of its functionality does not eliminate the risks associated with the financial markets and does not guarantee any economic result. Users remain responsible for interpreting the information obtained through the software and for any decisions taken on the basis of it. 20. Gann Market Reports and Video Reports ForexGann’s Gann Market Reports and Video Reports may contain trend analysis, technical levels, support and resistance, Set Ups, alternative scenarios, projections, technical targets and possible general positioning hypotheses arising from the analysis. That information is prepared for a plurality of recipients and does not take account of the financial situation, objectives, experience, knowledge or risk tolerance of any individual recipient. An analysis may also lose currency rapidly following changes in market conditions. 21. No guarantee of results ForexGann, WORLDWIDE CORP LIMITED and the author of the analyses do not guarantee the achievement of any profit, return or economic result through the use of ForexGann’s content, analyses, services or tools. Any example of a result, scenario or performance must be read in the context in which it is presented, and not as a promise or guarantee of future returns. 22. Third-party brokers and platforms ForexGann does not control the execution of transactions carried out by users with third-party brokers or platforms. Trading conditions, spreads, margins, leverage, execution arrangements, protections, costs and the availability of instruments depend on the broker used and may change over time. Users must check directly the contractual documentation, operating conditions and specific risk warnings provided by their own broker. 23. Commercial relationship with IG Francesco Massetti has a commercial relationship with IG under which he may personally receive remuneration in connection with certain referrals or client acquisitions originating from ForexGann. That commercial relationship does not alter the risks inherent in the financial instruments offered or made available by the broker. Before opening an account or using a product, users must consult directly the conditions, documentation and risk warnings published by IG, including the current warnings applicable to CFDs and to any other products used. 24. User decisions Every decision to open, maintain, modify or close a financial position remains the user’s own decision. Users must assess for themselves whether an instrument or a financial activity is compatible with their own financial situation, objectives, knowledge and experience, and ability to bear losses. Where necessary, users should consult an appropriately authorised professional able to carry out an assessment based on their individual circumstances. 25. Investment Recommendations & MAR Disclosure Depending on its nature, some ForexGann content may constitute or contain an investment recommendation, or other information recommending or suggesting an investment strategy, within the meaning of the applicable legislation. Information on the production of the analyses, on the methodology, on personal positions and on potential conflicts of interest is available on ForexGann’s Investment Recommendations & MAR Disclosure page. 26. Updates WORLDWIDE CORP LIMITED may update this Financial Risk Disclosure to reflect regulatory, organisational or technological changes, or changes to the services and tools covered by ForexGann. The version in force is the one published on this page and identified by its “last updated” date. WORLDWIDE CORP LIMITED Company Number: 10387356 Athene House, Suite Q, 86 The Broadway, London NW7 3TD, United Kingdom Contact: info@forexgann.com
