Commodity futures, options and foreign exchange trading carries a high level of risk and may not
be suitable for all investors. The high degree of leverage associated with commodity futures,
options and foreign exchange trading can result in substantial losses, as well as gains. The
past performance of any trading strategy or methodology is not indicative of future results,
which can vary due to market volatility; it should not be interpreted as a forecast of future
performance. You should carefully consider whether such trading is suitable for you in light of
your financial condition, level of experience and appetite for risk, and seek advice from an
independent financial advisor, if you have any doubts.