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RISK WARNINGS: Trading futures and foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your monetary objectives, level of experience, and risk tolerance. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent advisor if you have any doubts. Trading involves high risk and you can lose a lot of money. Trading stocks, options, ETFs, futures and foreign exchange (FOREX) carries a high level of risk, and may not be suitable for all investors. *HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. Past returns are not indicative of future results. Ashland Equities, Inc. and TimeRangeTrader.com provide programs and services that are for educational purposes and not intended to be a recommendation to buy or sell any futures, foreign exchange, stocks, ETFs and/or options market trades. Ashland Equities, Inc. and TimeRangeTrader.com assumes no responsibility for errors, inaccuracies or omissions in any of these materials. Past performance does not guarantee or imply any future success.

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