FM JWBK182-McDowell April 25, 2008 15:7 Char Count= 0

Disclaimer

T

he information in this book,A Trader’s Money Management System,

is intended for educational purposes only. Traders and investors are

strongly advised to do their own research and testing to determine

the validity of any trading idea or system.

Trading in the financial markets involves substantial risk, and

TradersCoach.com, Bennett A. McDowell, or affiliates assume no respon-

sibility for your success or failure in trading or investing in the markets.

For this reason, you should only use money you can afford to risk. Fur-

thermore, past performance does not guarantee future results. Thus, even

if you were successful with your trading and investing in the past, you may

not be successful in the future. TradersCoach.com and Bennett A. McDow-

ell make no performance representation or guarantee of any kind or nature.

TradersCoach.com encourages you to conduct your own research and en-

gage in numerous practice trades prior to risking any actual money.

Hypothetical or simulated performance results have certain inherent

limitations. Unlike an actual performance record, simulated results do not

represent actual trading. Also, since trades have not actually been exe-

cuted, results may have under- or overcompensated for the impact, if any,

of certain market factors, such as lack of liquidity. Simulated trading pro-

grams and ideas in general are also subject to the fact that they are de-

signed with the benefit of hindsight. No representation is being made that

any account will, or is likely to, achieve profits or losses similar to those

discussed.

xiii