Tom Flora GetIntoForex CEO:
Forex Specific Risk Disclosure Statement
The risk of loss in forex trading can be substantial; you should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should also be aware of the following:
Forex transactions are not traded on an exchange, and those funds deposited with the counterparty for forex transactions may not receive the same protections as funds used to margin or guarantee exchange traded futures and options contracts. If the counterparty becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with the counterparty, your claim may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that the counterparty keeps separate from it’s own operating funds may not be safe from the claims of other general and priority creditors.
The high degree of leverage that is often obtainable in forex trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.
Managed accounts may be subject to substantial charges for management and advisory fees and the account may need to make substantial trading profits to avoid depleting or exhausting it’s assets. This disclosure document contains a complete description of each fee charged to your account by the account manager.
This brief statement cannot disclose all the risks and significant aspects of the forex markets, therefore you should carefully review the disclosure document before you trade.
You should also be aware the commodity trading advisor may engage in trading foreign futures or option contracts, transactions in markets located outside of the United States and may be subject to regulations which often differ from local regulations. Further, United States regulatory authorities may be unable to compel the enforcement of the rules or regulations in jurisdictions outside of the United States.
Proprietary Trading by Get Into Forex LLC
From time to time Tom Flora may trade his own account in either Forex or Commodities and certain Financial Markets. He will not however trade the proprietary account in parallel with the accounts of customers of Get Into Forex.
Mr Flora may use higher leverage for his own account and therefore his trading results may vary from the results of his customers but at no time will he be trading opposite of what he is trading in customer accounts.
Description of Trading Methods
Get Into Forex uses a trading strategy using an assortment of various tools from technical analysis to fundamental analysis. The use of an automated trading system is also utilized in the form of what is called an Expert Advisor. The Expert Advisor is used to spot trends in various forex market pairs and will automatically set entry and exit points. The Expert Advisor is constantly monitored for flaws in trading strategies when it is being used by Tom Flora. It is primarily used as a guideline to reinforce the trading strategy of maximizing profits while utilizing sound money management techniques.
At the present time we are strictly trading with in the forex arena and have no plans at this time to be trading in the commodities markets as far as futures or options are concerned.
Emphasis on Risk Management
A vital part of Get Into Forex’s trading strategy is sound risk management. The good times, when the markets are in trending periods, will take care of themselves. Get Into Forex’s trading strategy is designed to endure the imminent non trending periods in order to profit when trends do occur. Each pair is tracked on it’s own merits, and a stop loss is determined at the time a trade is entered. Stops are designed to weed out losing trades quickly and attempt to limit any loss to no more than a nominal percentage of the account’s net assets. Although the placement of contingent orders, such as stop loss, or stop limit orders, will not necessarily limit losses to the intended amounts, since market conditions may make it impossible to execute such orders, or get the stop price.
Description of Orders and Placement
Get Into Forex will control the placement of orders for a customer account through the FDM. Neither the customer nor any of his agents may place orders for any account until such time as the customer withdraws from the managed forex account program.
Get Into Forex trades all accounts in parallel, making equivalent trades for all accounts and proportioning the amount of lots based on the percentage of equity the account has as part of the whole. Orders will be placed at certain times of the day to insure and obtain efficient order execution.
Electronic Trading Disclaimer
Orders that are placed via electronic systems and networks are vulnerable to data, system, network and service provider failures. If a position cannot be exited if erroneous trades occur, or service or infrastructure failure occurs, additional losses may be incurred. In the case where electronic order placement and monitoring is unavailable for whatever reason, trading instructions for market entry and exit will be managed via telephone.
The trading strategy has been tested on demo accounts and is yielding exceptional returns but those results do not preclude the fact that there is a possibility that there may be a risk of loss on the trading and therefore clients should not invest more then they can afford to risk as the losses can be substantial just as the profits due to the leverage basis of the forex markets. Leverage can work for you as well as against you.
Past Performance Is Not Necessarily Indicative of Future Results
Please be advise that even though the models have worked well in test trading that past performance may not be indicative of future results. We may not be able to achieve the returns we have gotten and may sustain a loss of all or part of your funds. Naturally we employ risk management as stated above under Risk Management but market conditions may make it impossible to exit a trade or trades and you may sustain all or in extreme circumstances more then your original investment.