This brief statement, which has been adapted from the Risk Disclosure Statement for Future and Options that appears as Appendix A to Rule 1.55(c) promulgated by the U.S. Commodity Futures Trading Commission, does not purport to disclose all of the risks and other significant aspects of engaging in Spot Forex Transactions. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in Spot FOREX Contracts is not suitable for many members of the public. You should carefully consider whether FOREX trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
±¾ÉùÃ÷¸Ä±à×Ô×÷ΪÃÀ‡øÉÌÆ·ÆÚ»õ½»Ò×ίԱ»á·¢²¼µÄRule 1.55(c)µÄ¸½Â¼AµÄÆÚ»õºÍÆÚȨ·çÏÕÅû¶ÉùÃ÷£¬Ëü²¢²»ÓÃÓÚ½Òʾ¼´ÆÚÍâ»ã½»Ò×ÖеÄËùÓзçÏÕÒÔ¼°ÃæÃæ¾ãµ½½éÉܸÃÊÂÎñÖÐÆäËûÖØÒªµÄ·½Ãæ¡£ÓÉÓÚÕâЩ·çÏյĹØϵ£¬Äú±ØÐëÔÚÍêÈ«Àí½âÐèҪǩÊðµÄºÏÔ¼£¨ÒÔ¼°ºÏÔ¼¹Øϵ£©ÒÔ¼°Äú¿ÉÄܳÐÊܵķçÏÕÖ®ºó²ÅÄÜ´Óʽ»Òס£FOREXÏÖ»õºÏÔ¼½»Òײ¢²»ÊʺÏËùÓÐÈË¡£ÄúÐèÒª¸ù¾Ý×Ô¼ºµÄ¾Ñ顢Ŀ±ê¡¢¾¼Ã»ù´¡ÒÔ¼°ÆäËûÏà¹ØµÄ¾ßÌåÇé¿öÈÏÕ濼ÂÇFOREX½»Ò×ÊÇ·ñÊʺÏÄú¡£
1. Effect of "Leverage" or "Gearing"
Spot Forex Transactions carry a high degree of risk. The amount of initial margin is small relative to the value of the Spot FOREX Contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
1. “¸Ü¸Ë”ЧӦ
¼´ÆÚÍâ»ã½»Ò×·çÏÕϵÊýºÜ¸ß¡£±£Ö¤½ðÖ»Õ¼FOREXÏÖ»õºÏÔ¼¼ÛÖµµÄºÜСһ²¿·Ö£¬Õâ±»³Æ×÷“¸Ü¸Ë”ЧӦ¡£Êг¡ºÜСµÄ²¨¶¯¿ÉÄÜ»á¶ÔÄúµÄÕË»§ÓнϴóµÄÓ°Ï죻Õâ¶ÔÄú¿ÉÄÜÊÇÓÐÀûµÄ£¬Ò²¿ÉÄÜÊDz»ÀûµÄ¡£Äú¿ÉÄÜËðʧȫ²¿µÄ³õʼ±£Ö¤½ðÒÔ¼°È«²¿ÎªÎ¬³ÖÕË»§Î´Æ½²ÖÍ·´ç×·¼ÓµÄ±£Ö¤½ð¡£Èç¹ûÊг¡³¯×Å¿Í»§Í·´çÏà·´µÄ·½ÏòÒƶ¯»ò±£Ö¤½ð½ð¶îÌá¸ß£¬¿Í»§½«±»ÒªÇó×·¼Ó¶îÍâµÄ±£Ö¤½ðÒÔά³ÖÕË»§Î´Æ½²ÖÍ·´ç¡£Èç¹û¿Í»§Ã»Óа´Ê±×·¼Ó±£Ö¤½ð£¬ÔòÕË»§ÖеÄÍ·´ç½«±»È«²¿Ç¿ÖÆƽ²Ö£¬ÓÉ´ËÔì³ÉµÄËùÓÐËðʧÓÉ¿Í»§×Ô¼º¸ºµ£¡£
2. Risk-reducing orders or strategies
The placing of certain orders (e.g., "stop-loss" orders or "stop-limit" orders) that are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions.
2. ½µµÍ·çÏյĽ»Ò×Ö¸Áî»ò²ßÂÔ
ÓÃÓÚ¿ØÖÆËðʧÔÚij¸öÏ޶ȵÄijЩָÁÖîÈç“Ö¹Ë𔡢“Ö¹ËðÏÞ¼Û”µÈ£©ÓÐʱºò¿ÉÄܲ»Æðʲô×÷Óã¬ÒòΪijЩÊг¡Ìõ¼þ¿ÉÄÜ»áʹÕâЩÃüÁîÎÞ·¨Ö´ÐС£ÔÚʹÓÃÀàËƲî¼Û½»Òס¢¿çʽ×éºÏÍ·´ç½»ÒײßÂÔʱ£¬Æä·çÏÕ¿ÉÄÜÓë¼òµ¥µØ³ÖÓГ¶àÍ·”»ò“¿ÕÍ·”Í·´çÒ»Ñù¸ß¡£
3. Terms and conditions of contracts
You should ask the firm with which you deal about the terms and conditions of the specific currencies which you are trading and associated obligations (e.g., the circumstances under which you may become obligated, under extraordinary circumstances, to make or take physical delivery of the full currency value).
3. ºÏÔ¼Ìõ¿î
ÔÚ¿ªÊ¼½»Ò×֮ǰ£¬ÄúÓ¦ÏàÏà¹Ø¹«Ë¾×Éѯ¾ßÌåµÄ½»Ò×»õ±ÒµÄËùÓÐϸ½ÚÒÔ¼°Ïà¹ØÔðÈΣ¨ÀýÈ磬ÔÚÄÄЩÌرðÇé¿öÏÂÄúÓÐÒåÎñ¸ºÔðÈ«²¿»õ±Ò¼ÛÖµµÄʵ¼Ê½»»õ£©¡£
4. Suspension or restriction of trading and pricing relationships Market conditions (e.g., lack of liquidity) and/or the operation of the rules of certain markets (e.g., suspension of trading in any Spot FOREX Contract because of government intervention or "circuit breakers") may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions.
4. ½»Ò×ÔÝÍ£»ò½»Ò×Êܵ½ÏÞÖÆ
ijЩÊг¡×´¿ö£¨ÀýÈçȱ·¦Á÷¶¯ÐÔ£©ºÍ/»òÊг¡µÄ²Ù×÷¹æÔò£¨ÀýÈçÓÉÓÚÕþ¸®¸ÉÔ¤»ò“¶Ï·Æ÷”¶øÔì³ÉFOREX ÏÖ»õºÏÔ¼½»Ò×ÔÝÍ££©½«»áÔì³ÉÎÞ·¨¿ª²Ö»òƽ²Ö»ò½øÐн»Ò×£¬Õ⽫µ¼Ö·çÏÕÔö¼Ó¡£
5. Deposited cash and property
You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
5. ×ʲúµÄ±£È«
ÄúÓ¦Á˽âÈçºÎ±£»¤ÄúÔÚ½øÐЇøÄÚ»ò‡øÍâ½»Ò׵Ĺý³ÌÖÐËù´æÈëµÄÏÖ½ð»òÆäËûÐÎʽµÄ×ʲú£¬ÓÈÆäÒªÁ˽âÔÚÓйع«Ë¾ÆƲúµÄÇé¿öÏÂÈçºÎ±£»¤×Ô¼ºµÄ²Æ²ú¡£¿Í»§Äܹ»Ë÷»Ø²Æ²úµÄ¶à¹ÑÈ¡¾öÓÚµ±µØµÄÓйط¨Âɺͷ¨¹æ¡£ÔÚijЩ˾·¨¹ÜϽÇø£¬Èç¹ûÊջصÄÊýÄ¿²»×㣬ÄÇô¿ÉÈ϶¨ÊôÓÚÄúµÄ²Æ²ú½«»áÏñÏÖ½ðµÄÐÎʽÄÇÑù°´±ÈÀý·ÖÅä¸øÄú¡£
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