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Trading Futures, Forex and CFDs carries high risks and is not suitable for every trader. A trader may lose more money than the capital invested. Risk capital is the money that, if lost, does not change the financial situation or affect the life of the person concerned. Only risk capital should be used for trading. Investment success in the past are no guarantee of investment success in the future. The from the Torero Traders School (“TTS”) offered training courses such as analysis, market comments, views and transactions are no advice or investment services within the meaning of the German Securities Trading Act (Wertpapierhandelsgesetz) and do not constitute an offer or invitation to buy, hold or sell securities, CFDs or derivatives. They are merely teaching material and are used for teaching purposes. Therefore, the Torero Traders School accepts no liability for presented opinions, analyzes, strategies or other information. Website visitors and participants of the training courses of TTS, who make investment decisions and/ or conduct transactions upon the published content, act in full own risk.

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