CFTC Warning – Day Trading Vendors who Publish Results – Beware!
It happened to me. It’s happened to every trader I’ve ever known. My guess is it’s happened to you. I’m talking about being suckered into buying a day trading system because of the killer results in their advertising. i.e. “Buy this and you will make a lot of money just like these results…”
I know it’s hard to ignore these claims but the U.S. Commodity Futures Trading Commission (CFTC) recently put out a warning to day traders about these types trading vendors of day trading systems.
Here at Indicator Warehouse we don’t make such claims because, well, publishing results with the false implication that you will achieve the exact same is absurd.
If you were buying a race car and I pointed to one on the lot and said, “That car won three races last week,” …does that mean you are going to win a race if you buy it?
If you were buying a power saw to build something and I said, “This saw is the one used to make this award winning furniture,” … does that mean you will do the same?
Here’s my advice when buying a day trading system or day trading software. Unless the method, date range, and public records of the results are documented, assume they are not real…otherwise all those folks would be filthy rich …and that’s physically impossible.
The only thing that is real is what you will experience. Instead, find out the features of the indicator or day trading system that will:
Also look for:
Yes, we are excited about the products we carry and enjoy telling you about them.
Yes, we will continue to tell you what we love about our indicators and systems, the problems they solve, and how they make it easier to make money and / or reduce losses.
Yes, we will continue leading the charge with the best products, education, service, and support.
Indicator Warehouse, President
TESTIMONIAL DISCLOSURE: Testimonials appearing on www.IndicatorWarehouse.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
LIVE TRADE ROOM DISCLOSURE: All presentations, videos, and information are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account 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.
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 THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors.