Terms and Conditions of Use of this website and Risks of Trading Futures:

By viewing and/or accessing this website and its information you are acknowledging your understanding and agreement with the following:

All information provided on these pages is for fair use. Normal copyright protections apply to all commercial use of any documents or information retrieved from this site. 

Nothing presented on this site should be construed as investment/trading advice or recommendations. All education resources are solely for that purpose, education; there is no guarantee that education will make you profitable or more profitable as a futures speculator or hedger. Quick Questions and/or Polls are solely the opinions of visitors to this site.   

Certain data and/or information presented in, through or linked from this site is being provided by sources believed to be reliable. However, Porcupine Trader may have had no role in the production or review of this information and makes no warranty, either expressed or implied, as to its contents, accuracy or performance. Porcupine Trader shall not be responsible for any loss due to inaccuracies in the information provided. 

Porcupine Trader is not responsible for linked content or content written by non-Porcupine Trader personnel.

Futures trading is speculative in nature and involves substantial risk of loss. The valuation of futures and options may fluctuate and as a result clients may lose more than the amount originally invested and may have to pay more later.

Account results shown on any page in this site are for informational purposes only.  All the information included herein should not be considered as a recommendation to buy, sell or hold any securities or futures, nor to use any trading system.

You are reminded that Porcupine Trader is not responsible for any losses that may result from whatever action you elect to take based on our or third party's inputs. Further, the Porcupine Trader' or third party's software may contain different types of systems which you may choose to execute trades with. Any type of system you elect bears certain risks, along with the inherent financial risks related to investing in the stock and futures markets.

In real life when a trade is set to be executed using a limit order, it may be partially executed, or not executed at all due to market conditions, while in paper trading this trade will be fully executed. Additionally if you elect to execute a trade using a market order, you may suffer financial losses due to market instability and/or volatility which may cause the market to move against your position. Therefore, a decision to trade in the futures market is made at your own risk and responsibility. It is strongly recommended that you do your own research prior to commencing trading. Each of Porcupine Trader’ or third party's systems may assume that it trades with at least one complete contract and it doesn't take into account partial fills, nor increased market order slippage. Therefore, your actual trading results may not match the results displayed in the paper trading account results.

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 ON THE WEBSITE. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS 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 IN 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 OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Attention all Non-US Citizens:
Porcupine Trader' online and offline services are not directed at or made to residents of (or persons located in) any Country, Nation or State in which Porcupine Trader is not registered. If you are a non-US citizen, your use of this website and its associated, secondary pages is conditioned upon your warranty and representation to Porcupine Trader that:

• Porcupine Trader did not directly or indirectly solicit, advertise to, initiate a communication with, or otherwise induce you to select Porcupine Trader' website or any of its associated, secondary pages.
• You have accessed Porcupine Trader' website and/or its associated, secondary pages through random Internet sources, knowledge of Porcupine Trader gained through non-Internet sources (independent research, personal referral, etc.) and/or as a result of your efforts to gather general information relating to futures, options, and/or transactions involving commodities.

© 2004 Porcupine Trader, Inc.  All rights reserved.