Risk Disclosure
Trading foreign exchange (forex) and other financial instruments carries a high level of risk and may not be suitable for all investors. Before participating in any trading competition, you should carefully consider your investment objectives, experience level, and risk appetite.
High Risk Investment
Forex trading involves substantial risk of loss and is not appropriate for all investors. The high degree of leverage available in forex trading can work against you as well as for you. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
No Guarantee of Profit
Past performance is not indicative of future results. There is no guarantee that any trading system or methodology will generate profits. The possibility exists that you could sustain a loss of some or all of your initial investment.
Competition Environment
Trading competitions on WAC use simulated trading accounts with virtual funds. However, the market conditions and price feeds reflect real market data. The skills and strategies developed in competitions may not translate directly to live trading success.
- Competition rankings are based on simulated P&L
- Entry fees are real monetary commitments
- Prize winnings are subject to verification
Leverage Risk
The leverage available in forex trading means that both gains and losses are magnified. With leverage, even small market movements can result in large changes to your account balance. You may lose more than your initial deposit if proper risk management is not employed.
Market Risks
- Market volatility can cause rapid price movements
- Gaps in price can occur, especially over weekends
- Slippage may affect execution prices
- Technical issues may temporarily affect trading
- Economic events can cause unexpected market moves
Acknowledgement
By participating in WAC competitions, you acknowledge that you have read, understood, and accepted these risk disclosures. You confirm that you are aware of the risks involved and are prepared to accept them. You should not trade with money you cannot afford to lose.