Trading Involves Risk. Capital Is at Risk.

This Risk Disclosure explains important risks associated with trading, market-neutral strategies, hedged strategies, structured exposure, swap and financing-cost opportunities, pricing inefficiencies, execution-sensitive strategies and any related information presented by Hedged Edge.

Trading involves risk. Capital is at risk. You may lose some or all of your capital. Market-neutral does not mean risk-free. Hedged does not mean safe. Historical performance does not guarantee future results.

Nothing on this website should be treated as investment advice, financial advice, trading advice, a personal recommendation, a guarantee of performance or a promise of future returns.

Trading financial instruments involves risk and may not be suitable for all persons. Markets can move quickly and unpredictably due to economic data, interest rates, central bank policy, geopolitical events, liquidity, volatility, market sentiment, broker terms, technology issues and other factors.

Trading can result in losses. Losses may occur suddenly, may exceed expectations and may be magnified in leveraged trading.

You should only participate in trading activity if you understand and accept the risks involved, and you should not trade using money you cannot afford to lose.

Hedged Edge does not guarantee returns. We do not guarantee profit, fixed monthly returns, capital protection, no losses, no drawdown, risk-free trading, positive performance, successful execution, strategy availability, acceptance into any access process or future results matching historical results.

Any reference to opportunity, market-neutral structure, track record, strategy profile, performance history, swap values, financing costs, pricing inefficiencies or execution discipline should not be interpreted as a guarantee.

Any historical performance information, track record snapshot, trading report, example, metric, illustration or case study is provided for review and context only.

Past performance does not guarantee future results. Future performance may differ materially from historical performance.

Market conditions, execution quality, liquidity, costs, swap values, financing rates, broker conditions, volatility, regulation and operational factors may all change.

Market-neutral strategies are designed to reduce reliance on broad market direction where possible. However, market-neutral does not mean risk-free.

A market-neutral strategy may reduce one type of exposure while introducing or retaining other risks. A hedged position can still lose money, and a hedge may not work perfectly.

Drawdown refers to a decline from a previous high in an account, strategy or performance profile. All trading strategies can experience drawdown, and future drawdown may be greater than past drawdown.

Trading may involve leverage or margin. Leverage can magnify both gains and losses, and margin requirements may change.

Positions may be reduced, closed, liquidated or affected if margin requirements are not met.

Execution risk is the risk that a trade is not executed at the expected price, size, timing or quality. Execution conditions can affect performance significantly.

Slippage occurs when the price expected is different from the price actually received. In strategies based on smaller pricing differences, swap values, financing costs or temporary inefficiencies, slippage may significantly reduce or eliminate the expected edge.

Liquidity risk is the risk that a position cannot be opened, managed, hedged or closed at the desired price, size or time.

Some strategies may be affected by swap values, rollover charges, overnight financing, funding adjustments, cost of carry or other holding-related costs.

Swap and financing conditions may change. A position that appears attractive under one set of conditions may become less attractive if those conditions change.

Any reference to inefficiency or arbitrage-related opportunity should not be interpreted as risk-free profit. Apparent inefficiencies may disappear before execution, and costs may reduce or eliminate the opportunity.

Trading may involve brokers, venues, platforms, custodians, liquidity providers, technology providers or other counterparties. Hedged Edge does not guarantee the performance, solvency, reliability or conduct of any third-party broker, venue, platform, custodian or service provider.

Trading and strategy access may depend on technology, systems, platforms, internet connections, data feeds, order execution tools, communication channels, servers, software, APIs, manual processes or third-party infrastructure.

Technology or operational issues may result in missed opportunities, poor execution, incorrect decisions, losses or delays.

Any trading strategy is based on assumptions, logic, methods, rules, processes, analysis or models. These may fail. Market behaviour may change, and conditions that supported historical results may no longer exist.

A strategy may be exposed to certain instruments, markets, venues, structures, costs, currencies, brokers or market conditions. Concentration can increase risk.

Diversification may reduce certain risks but does not eliminate the risk of loss.

If trading activity, deposits, withdrawals, reporting currency, account currency or strategy exposure involves different currencies, currency risk may arise.

Trading and participation may involve fees, costs, spreads, commissions, financing charges, swap costs, performance fees, success fees, conversion costs, withdrawal costs, platform charges or other expenses.

A success fee means that a fee may apply to profits where applicable under the relevant arrangement. This does not mean profits are guaranteed or that losses cannot occur.