Risk Disclosures

This page contains the required disclosures regarding the risks of trading futures and forex and the presentation of hypothetical trading results. They are also displayed at the foot of every page of this website and the associated application. The English originals are the regulatorily authoritative text; any other language version is provided for convenience.

1. Risk disclosure.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

2. Hypothetical performance disclosure.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

3. Tradelyst as a trading journal — clarification

Tradelyst is not a financial instrument, not a securities or investment service within the meaning of the German WpHG, not investment advice, not investment broking, and not a financial analysis. All statistics, analyses, and AI-generated content are derived from trade data the user enters or imports themselves and serve exclusively for retrospective self-reflection. They do not constitute a recommendation to buy or sell any financial instrument.

Investment decisions are made by the user exclusively at their own responsibility. Tradelyst does not replace your own research, risk assessment, or advice from a regulated entity.

Last updated: 2026-05-12 (added section 4a — reach measurement)