Risk Warning

Contents

1. Trading is risky

Trading gold, indices such as US30 and NAS100, forex, crypto and other markets carries a high risk of losing money. Prices can move against you quickly and without warning. Only trade with money you can afford to lose, and make sure you understand a product before you trade it.

Many retail traders lose money. Brokers in some countries must publish the share of their own clients' CFD accounts that lose money; check your broker's figure before you trade.

2. Leverage and CFDs

Most gold, index and forex trading by retail traders uses leveraged products such as contracts for difference (CFDs). Leverage means you control a large position with a small deposit (the margin). It makes gains and losses bigger by the same amount: a small move against you can wipe out your margin.

If your account falls below your broker's margin requirement, your broker may close your positions automatically, at a loss, without asking you. Prices can jump past a stop loss, especially at the open or around news, so a trade can close at a worse price than your stop. Depending on your broker and where you live, you may lose more than your deposit. Overnight financing charges and spreads also reduce results.

3. Crypto volatility

Crypto assets can rise or fall sharply within minutes, and trade around the clock including weekends. Prices can differ a lot between exchanges. Crypto markets are less regulated than most others, exchanges can fail or be hacked, and in many countries you have little or no protection if things go wrong. Crypto charts on WickSpeak use third party data and may differ from the price at the place where you trade.

4. Readings, patterns and Mentor are not predictions

Every indicator, pattern and level in WickSpeak is calculated from past prices. The plain English readings say what a tool is showing and how traders commonly use it, including what would prove that reading wrong. Mentor reads the chart in front of you. None of these tells you what the market will do next, and any of them can be wrong.

Indicator readings on the live candle can change until the candle closes. Patterns can fail. A level that held before may not hold again.

5. Backtests and Tune results

A backtest shows how a set of rules would have performed on past candles with the costs you entered. Real trading is different: spreads widen, orders fill at worse prices (slippage), gaps happen, and markets change character. A backtest can also fit the past too closely, so a play that looks excellent on history does poorly from here on.

Mentor's Tune reduces this risk by keeping only changes that held up in both halves of the history and with extra slippage. It reduces the risk; it does not remove it. Past results never show future results.

6. Automated trading from a play

When you switch live trading on for a play, WickSpeak places orders on your broker account whenever the play's rules are met, inside the guardrails you set, without asking you before each trade. It will act on a mistake in your rules or settings just as faithfully as on a good idea.

Start small, keep guardrails tight, test a play with paper trades first, watch your account, and switch live trading off whenever you are unsure. Switching it off stops new orders; it does not close open trades. You are responsible for every trade placed.

7. Technology can fail

WickSpeak depends on your internet connection, your browser, our servers, cTrader, your broker and data providers. Any of them can fail, slow down or send wrong data. Alerts can arrive late or not at all. Orders can be delayed, rejected, partly filled or filled at a different price. Your broker may be closed or may restrict trading. A connection can drop while a trade is open.

Keep the means to manage your positions directly on your broker's own platform, and do not rely on WickSpeak as your only way to see or close a trade.

8. Paper trading is simulated

Paper trades are simulated with no real money and no real orders. They do not face real fills, slippage, rejections or the pressure of real money, so paper results are often better than live results would have been.

9. Not advice

WickSpeak is a charting and analysis tool. Berbe PTE Ltd is not regulated as an investment adviser and does not give financial, investment or tax advice or personal recommendations. Nothing in WickSpeak, on this site, in our emails or videos is a recommendation to buy or sell anything.

Think about your own situation, and consider speaking to a qualified, properly regulated adviser before you trade.