Risk Disclosure Statement
IMPORTANT: PLEASE READ THIS ENTIRE RISK DISCLOSURE STATEMENT CAREFULLY BEFORE USING THE OMNI NORAH PLATFORM.
1. General Trading Risks
Trading in foreign exchange (forex), contracts for difference (CFDs), commodities, indices, and other financial instruments involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your financial condition.
The high degree of leverage available in forex and CFD trading can work against you as well as for you. The use of leverage can lead to large losses as well as large gains.
Past performance of any trading system, methodology, or strategy is not indicative of future results.
2. Software-Specific Risks
OMNI NORAH is an automated trade management tool. By using this Software, you acknowledge the following risks:
2.1 Technical Failures
The Software relies on internet connectivity, server infrastructure, and third-party broker APIs. Any disruption to these systems may prevent the Software from executing trade management operations, including stop loss placement, breakeven adjustments, and trailing stops.
2.2 Execution Delays
There may be delays between when a trade management action is triggered and when it is executed at your broker. These delays may result from network latency, broker processing time, market conditions, or server load.
2.3 Slippage
Stop loss orders are not guaranteed to execute at the specified price. During periods of high volatility, low liquidity, or market gaps (such as weekend gaps), your stop loss may be filled at a price significantly different from the intended level.
2.4 Software Errors
The Software may contain bugs, errors, or unexpected behavior. While we continuously test and improve the Software, no software is error-free. A software error could result in incorrect stop loss placement, failure to move stops to breakeven, or other unintended actions.
2.5 API Changes
Third-party broker APIs may change without notice, potentially disrupting the Software's ability to manage trades. We will endeavor to update the Software promptly, but there may be periods of downtime during transitions.
3. No Guarantee of Performance
The Software does not guarantee any specific trading results. The Software does not guarantee protection against losses. The Software does not guarantee that stop losses will be executed at the specified price. The Software does not guarantee uninterrupted service.
You may lose some or all of your invested capital. You should never trade with money you cannot afford to lose.
4. User Responsibilities
You are solely responsible for:
- Monitoring your trading account at all times
- Verifying that the Software is functioning correctly
- Maintaining adequate margin in your trading account
- Understanding the risks associated with your chosen trading instruments
- Having contingency plans in case of software or connectivity failures
- Complying with all applicable laws and regulations in your jurisdiction
5. Leverage and Margin
Trading on margin means you are borrowing funds from your broker to control a larger position than your account balance would otherwise allow. While this amplifies potential profits, it equally amplifies potential losses. You may lose more than your initial deposit.
6. Market Risks
Financial markets are subject to rapid and unpredictable price movements caused by economic events, geopolitical developments, central bank decisions, natural disasters, and other factors beyond anyone's control. No automated system can anticipate or protect against all market conditions.
7. Regulatory Risks
Trading regulations vary by jurisdiction. It is your responsibility to ensure that your trading activity, including the use of automated trade management tools, complies with all applicable laws and regulations in your country, state, or territory.
8. Acknowledgment
By using OMNI NORAH, you acknowledge that you have read and understood this Risk Disclosure Statement. You confirm that you understand the risks involved in trading financial instruments and using automated trade management software. You accept full responsibility for all trading decisions and outcomes.