DISCLOSURE OF RISKS AND DISCLAIMER

Hypothetical performance results have many inherent limitations, some of which are described below. There is no representation that any of the accounts are going or are likely to have results similar to those shown. On the contrary, there are frequent differences between the hypothetical results and the current results obtained by any trading program. One of the limitations of hypothetical performance results is the fact that they are prepared with benefits in retrospect, however, it should be noted that past performance is not necessarily indicative of future results.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can consider the financial risk of real operations. For example, the ability to withstand losses or to adhere to a particular trading program regardless of losses are material points which can substantially affect actual trading results. There are many factors related to the markets in general, or to the implementation of any specific trading program, which cannot all be considered in the preparation of hypothetical results, all of which can affect trading results in an adverse way.

The operation of financial assets entails substantial risks and is not for all investors. An investor could potentially lose all or more of the initial investment. Venture capital is money that can be lost without putting the person’s financial security or lifestyle at stake. Only venture capital should be used for trading, and only those people with enough venture capital should consider trading.

N&W does not provide advisory services on the capital market or any other intermediation activity in the public offer. This website offers courses and training exclusively for educational purposes and in no way constitute an invitation or offer of negotiation or any other legal act with negotiable securities. In this line, any opinion, analysis, information or market data contained on this website, in the chats, courses and trainings does not constitute any advice on investments, but are provided for mere educational purposes. N&W is not responsible for any loss or damage in the investments of its users and customers that derive directly or indirectly from the information contained on the website, in the chats, courses and training.