Risk Disclosure

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any trading account will or is likely to achieve profits or losses similar to those shown, in fact, there are frequently sharp differences between hypothetical trading performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical trading performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical forex, futures, commodities, equities, options and crypto trading performance results, and all of which can adversely affect actual trading results regardless of the instrument, symbol being traded or asset class.

Past results of NetPicks Trading LLC dba: Backpack Trader, real or hypothetical, are not indicative of future performance.  There is a risk of loss in all trading, and you may lose some or all of your original investment.

The monthly and composite annual results as well as any trade result shown in any of our examples should be viewed as hypothetical.

In reality, the results do not represent the track record of the methodology originator or subscribers. This also means there is no guarantee that one applying these methodologies would have the same results as posted, presented or shared. Since trading successfully depends on many elements, including but not limited to, a trading methodology, an individual trader’s own psychology, ability, and many other factors we can't control, our websites, videos, or any example we present in any and all media, do not make any representation whatsoever that the above mentioned trading systems or any system we demonstrate or present, might be or are suitable to you or profitable for you.  It is all presented for educational, informational and entertainment purposes only and NOT to be construed as financial advice in any form or context.  

In addition, it’s important to understand and accept that there can be data outages and server failures. The brokers system might not be functional, the auto trading servers might have technical difficulties and there may be times where communication between accounts, the broker and the auto-trade program are not functioning properly. This can lead to greater risk. Markets also do not always guarantee exact fills. Periods of fast markets can cause greater degrees of slippage and less than ideal fills. There can be no guarantee that your account will always be able to enter and exit the programs ideal entry or exit point.

Futures Transactions in futures involve the obligation to make, or to take, delivery of the underlying asset of the contract at a future date, or in some cases to settle the position with cash.

They carry a high degree of risk.

The ‘gearing’ or ‘leverage’ often obtainable in futures trading means that a small deposit or down payment can lead to large losses as well as gains. It also means that a relatively small movement can lead to a proportionately much larger movement in the value of your investment, and this can work against you as well as for you. Futures transactions have a contingent liability and investors should be aware of the implications of this. In general, the value of a future depends upon price movements in the underlying asset.

Thus, many of the risks applicable to trading the underlying asset apply equally to the future applicable to such asset. Futures are also exposed to liquidity risk.

Options

There are many different types of options with different characteristics subject to the following conditions. Buying options: Buying options involves less risk than selling options because, if the price of the underlying asset moves against you, investors can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if investors buy a call option on a futures contract and investors later exercise the option, they will acquire the future. This will expose investors to the risks described under ‘futures’ and ‘contingent liability investment transactions’.

Writing options: If investors write an option, the risk involved is considerably greater than buying options. Investors may be liable for margin to maintain their position and a loss may be sustained well in excess of the premium received. By writing an option, investors accept a legal obligation to purchase or sell the underlying asset if the option is exercised against them however far the market price has moved away from the exercise price. If you already own the underlying asset which you have contracted to sell (when the options will be known as ‘covered call options’) the risk is reduced. If you do not own the underlying asset (‘uncovered call options’) the risk can be unlimited. Only experienced persons should contemplate writing uncovered options, and then only after securing full details of the applicable conditions and potential risk exposure.

Traditional options: Certain member firms under special exchange rules write a particular type of option called a ‘traditional option’. These may involve greater risk than other options.

Two way prices are not usually quoted and there is no exchange market on which to close out an open position or to affect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk. Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as required, your position may be closed or liquidated in the same way as a futures position.

CFTC Risk Disclosure:

The following statement is furnished pursuant to Commodity Futures Trading Commission (“CFTC”) Regulation 1.55(c).This brief statement does not disclose all of the risks and other significant aspects of trading in futures, forex and options. 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 futures, forex and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

The risk of loss in trading commodity futures contracts and foreign currency can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points:

You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market or foreign exchange market, and you may incur losses beyond these amounts. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by your broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.

The funds you deposit with a futures commission merchant for trading futures and forex positions are not protected by insurance in the event of the bankruptcy or insolvency of the futures commission merchant, or in the event your funds are misappropriated.

The funds you deposit with a futures commission merchant for trading futures or forex positions are not protected by the Securities Investor Protection Corporation even if the futures commission merchant is registered with the Securities and Exchange Commission as a broker or dealer.

The funds you deposit with a futures commission merchant are generally not guaranteed or insured by a derivatives clearing organization in the event of the bankruptcy or insolvency of the futures commission merchant, or if the futures commission merchant is otherwise unable to refund your funds. Certain derivatives clearing organizations, however, may have programs that provide limited insurance to customers. You should inquire of your futures commission merchant whether your funds will be insured by a derivatives clearing organization and you should understand the benefits and limitations of such insurance programs.

The funds you deposit with a futures commission merchant are not held by the futures commission merchant in a separate account for your individual benefit. Futures commission merchants commingle the funds received from customers in one or more accounts and you may be exposed to losses incurred by other customers if the futures commission merchant does not have sufficient capital to cover such other customers’ trading losses.

The funds you deposit with a futures commission merchant may be invested by the futures commission merchant in certain types of financial instruments that have been approved by the Commission for the purpose of such investments. Permitted investments are listed in Commission Regulation 1.25 and include: U.S. government securities; municipal securities; money market mutual funds; and certain corporate notes and bonds. The futures commission merchant may retain the interest and other earnings realized from its investment of customer funds. You should be familiar with the types of financial instruments that a futures commission merchant may invest customer funds in.

Futures commission merchants are permitted to deposit customer funds with affiliated entities, such as affiliated banks, securities brokers or dealers, or foreign brokers. You should inquire as to whether your futures commission merchant deposits funds with affiliates and assess whether such deposits by the futures commission merchant with its affiliates increases the risks to your funds.

You should consult your futures commission merchant concerning the nature of the protections available to safeguard funds or property deposited for your account.

Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit (“limit move”).

All futures, forex and options positions involve risk, and a “spread” position may not be less risky than an outright “long” or “short” position.
The high degree of leverage (gearing) that is often obtainable in futures and forex trading because of the small margin requirements can work against you as well as for you. Leverage (gearing) can lead to large losses as well as gains.

In addition to the risks noted in the paragraphs enumerated above, you should be familiar with the futures commission merchant you select to entrust your funds for trading futures positions. As of July 12, 2014, the Commodity Futures Trading Commission requires each futures commission merchant to make publicly available on its Web site firm specific disclosures and financial information to assist you with your assessment and selection of a futures commission merchant. Information regarding this futures commission merchant may be obtained by visiting the websites of the respective FCM partner of NinjaTrader Brokerage: Dorman Trading (www.dormantrading.com), Phillip Capital (www.phillipcapital.com), FXCM (www.fxcm.com)

ALL OF THE POINTS NOTED ABOVE APPLY TO ALL FUTURES, EQUITIES, OPTIONS AND FOREX TRADING WHETHER FOREIGN OR DOMESTIC. IN ADDITION, IF YOU ARE CONTEMPLATING TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS, YOU SHOULD BE AWARE OF THE FOLLOWING ADDITIONAL RISKS:

Foreign futures transactions involve executing and clearing trades on a foreign exchange. This is the case even if the foreign exchange is formally “linked” to a domestic exchange, whereby a trade executed on one exchange liquidates or establishes a position on the other exchange. No domestic organization regulates the activities of a foreign exchange, including the execution, delivery, and clearing of transactions on such an exchange, and no domestic regulator has the power to compel enforcement of the rules of the foreign exchange or the laws of the foreign country. Moreover, such laws or regulations will vary depending on the foreign country in which the transaction occurs. For these reasons, customers who trade on foreign exchanges may not be afforded certain of the protections which apply to domestic transactions, including the right to use domestic alternative dispute resolution procedures. In particular, funds received from customers to margin foreign futures transactions may not be provided the same protections as funds received to margin futures transactions on domestic exchanges. Before you trade, you should familiarize yourself with the foreign rules which will apply to your particular transaction.

Finally, you should be aware that the price of any foreign futures or option contract and, therefore, the potential profit and loss resulting therefrom, may be affected by any fluctuation in the foreign exchange rate between the time the order is placed and the foreign futures contract is liquidated or the foreign option contract is liquidated or exercised.

THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE COMMODITY, EQUITIES AND FOREIGN CURRENCY MARKETS.

FOREX Risk Disclosure, Terms and Conditions

TERMS & CONDITIONS

On the sign-up page, in the Purchase Summary, you’ll be given information about how much you are paying today and how much your credit card will be charged at a given later date. If you don’t wish to continue the service, please contact us, info@netpickstrading.com within 3 days before the given date to avoid the automatic renewal fee. If you don’t cancel, your card will be charged the renewal fee. All payments are non-refundable. If you choose to cancel before the end of the month’s pre-billing, credit will not be issued and your subscription/service will remain active through the end of the billed monthly period.

7 Day Trial

Terms of the 7 day trial for $1 USD: After seven consecutive days, your trial will convert into a monthly subscription and will renew for the monthly price, usually $197 unless otherwise stated on the sign-up page, and is thereafter renewed every 30 days. You can cancel at any time and you are not obligated to renew, however we require at least one business day prior to renewal to give us time to process the request.  All payment amounts are non-refundable.

ONLY ONE 7 DAY TRIAL PERIOD IS ALLOWED PER USER.

30 Day Membership

The 30 day membership is a monthly subscription, even if referred to as a trial, is billed once a month. You are billed the monthly amount immediately for your first 30 days of service at signup/registration. Each billing period starts from the same day of the month that your credit card is initially charged; this is called your “renewal day.” The subscription/service membership will be automatically renewed each renewal day of each month however you may cancel at anytime. To cancel your service, you notify us to cancel at least three (3) business days prior to your upcoming renewal day. Cancellation requests can be sent to info@netpickstrading.com or (707) 534-2363.  All payment amounts are non-refundable. If you choose to cancel before the end of the month’s pre-billing, credit will not be issued and your subscription/service will remain active through the end of the billed monthly period.

30 day membership example:
If you paid for service on January 15th, you will automatically be billed on February 15th, and then March 15th, etc. If you choose to cancel before your next renewal date, you would need to do so via e-mail by the 12th of the month (or earlier).

3 Month, 6 month, or yearly subscription
The 3 month, 6 month, or yearly subscription term as described in the terms of the subscription you selected when you paid for your first subscription payment. Each billing period starts from the same day of the month that your credit card is initially charged; this is called your “renewal day.” The subscription/service membership will be automatically renewed each renewal day every 3 months (or 6 months, or 12 months) unless you notify us to cancel at least three (3) business days prior to your upcoming renewal day. The subscription/service membership will be automatically renewed per your subscription terms however you may cancel at anytime. To cancel your service you simply need to notify us to cancel at least three (3) business days prior to your upcoming renewal day. You are billed immediately for your first 3, 6 or 12 months of service at signup/registration which is non-refundable. If you choose to cancel before the end of the 3, 6 or 12 months period, pre-billing credit will not be issued and your subscription/service will remain active through the end of the billed period. Cancellation requests can be sent to info@netpickstrading.com or (707) 534-2363.

3 month membership example:
If you paid for service on January 15th, you will automatically be billed on April 15th, and then July 15th, etc. If you choose to cancel before your next renewal date, you would need to do so via e-mail by the 12th of the month (or earlier).

NOTE: After your cancellation has been confirmed, you will still be able to use your paid service up until your renewal day. All payments received for any subscription is non-refundable.

Alert Delivery
The timestamp on SMS messages and email message is unfortunately not a feature controlled by us. The timestamp with the delivery time is set by the international carrier responsible for the delivery.

Most carriers will use GMT time for the timestamp, but they may also attempt to set the time zone for the destination country, or alternatively use their own local time.

Alert/SMS/Text Message Fee’s
Carrier charges may apply for receiving text messages on your mobile phone or email. Contact your wireless carrier for details about your plan. You are responsible for all alert/SMS/text message fees incurred from using any of the forex alert services.

Risk Warning
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account 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 particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader’s own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems’ signals, it is your decision. Currency trading involves high risk and you can lose a lot of money. By using the forex signal service you agree to the terms herein. It is essential that a Demo simulator account is first used THOROUGHLY before commencing with a Live Online Forex account. The trade signal system system is strictly for the use by traders with EXCESS RISK CAPITAL and who are fully aware of the inherent risks involved in Forex trading. The high degree of volatility within the foreign exchange market, and the ability to leverage your position means that losses can be quick and significant. You may lose your entire investment capital. It is your responsibility to ensure that you fully understand these conditions before proceeding further.

By using our forex signal system delivery program and software, the user agrees that the author and any other entities associated with the system and or Netpicks Trading LLC. shall not be held liable for any direct, indirect, consequential loss or any damages whatsoever arising from this usage, or the use of any information, signals, software, messages , manual, worksheet , instructions, alerts, directives etc and any other information contained in regard to its use and understanding. Neither Guarantee of performance, results nor any anticipated Return on investment is offered at any time. Past performance is no Guarantee of future results.. By using the forex signal system program, the user agrees to indemnity and holds harmless Netpicks Trading LLC and its employees, associated companies or service providers from any losses, damages or otherwise arising from using its use. And further agree that:

It should be understood that there is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risk. Only surplus funds should be placed at risk and anyone who does not have such funds should not participate in trading foreign currencies.

It should also be understood that hypothetical performance results may be posted on the website or given to third parties by other methods. Such hypothetical performance results have inherent limitations in that they have been prepared with the use of past performance and past performance is no guarantee of future results. Performance can and does vary between individuals

CURRENCY TRADING INVOLVES HIGH RISKS AND YOU CAN LOSE ALOT OF MONEY

THE FINANCIAL INFORMATION PROVIDED HEREUNDER IS PROVIDED “AS IS” AND “WITH ALL FAULTS.” CUSTOMER ACKNOWLEDGES THERE MAY BE DELAYS, ERRORS, OMISSIONS, INACCURACIES OR INTERRUPTIONS OF SERVICE AND THAT Netpicks Trading LLC MAKES NO, AND SPECIFICALLY DISCLAIMS ANY AND ALL, WARRANTIES, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE RELATING TO THE METHOD OR MANNER OF DISSEMINATION OF THE INFORMATION PROVIDED BY Netpicks Trading LLC, Ltd.OR THE FINANCIAL INFORMATION PROVIDED BY ANY THIRD PARTY FINANCIAL INFORMATION SUPPLIERS OR ANY COMMODITY, STOCK OR OTHER EXCHANGES.

Netpicks Trading LLC, Ltd.SPECIFICALLY DISCLAIMS ANY AND ALL STATUTORY OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Netpicks Trading LLC, Ltd. MAKES NO WARRANTIES, EXPRESS OR IMPLIED, THAT THE INFORMATION FURNISHED WILL BE FURNISHED OR WHEN FURNISHED THAT IT WILL BE CURRENT, ACCURATE, COMPLETE, WITHOUT INTERRUPTION OR ERROR FREE.

Subscriber understands that neither Netpicks Trading LLC.nor any Authorizing SRO, guarantees the timeliness, sequence, accuracy, or completeness of Market Data or of other market information or messages disseminated by any Disseminating Party. Neither Subscriber nor any other person shall hold any Disseminating Party liable in any way for (a) any inaccuracy, error or delay in, or omission of (i) any such data, information or message or (ii) the transmission or delivery of any such data, information or message, or (b) any loss or damage arising from or occasioned by (i) any such inaccuracy, error, delay or omission, (ii) non-performance or (iii) interruption in any such data, information or message, buy any force majors (e.g., flood, extraordinary weather conditions, earthquake or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications or power failure, equipment or software malfunction) or to any other cause beyond the reasonable control of any Disseminating Party.

Netpicks Trading LLC End-User Agreement Provisions

1. Ownership. End-User agrees that Netpicks Trading LLC (“Netpicks Trading LLC”) and its information providers retain all proprietary right, title or interest, including copyright, in the stories, articles or other material, including but not limited to text, images, and other multimedia data, that
Netpicks Trading LLC provides as part of Distributor’s Services (the “Content”).

2. Restrictions on Use. End-User agrees that it will not copy nor license, sell, transfer, make available or otherwise distribute the Content to any entity or person. End-User shall use its best efforts to stop any such copying or distribution immediately after such use becomes known.

3. No Warranty. The Content is provided “AS IS.” Netpicks Trading LLC AND ITS INFORMATION PROVIDERS DISCLAIM ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, RELATING TO THIS AGREEMENT, THE CONTENT AND ALL PERFORMANCE HEREUNDER.
Netpicks Trading LLC and its information providers make no warranties regarding the completeness, accuracy or availability of the Content.

4. Limitation of Liability. In no event shall Netpicks Trading LLC or its information providers be liable to End-User or any other person or entity for any direct, indirect, special, exemplary or consequential damages, including lost profits, arising under this Agreement or from performance there under based in contract, negligence, strict liability or otherwise, whether or not they or it had any knowledge, actual or constructive, that such damages might be incurred.

5. Indemnification. End-User shall indemnify and hold harmless Netpicks Trading LLC and its information providers against any claim, damages, loss, liability or expense, including attorneys fees, arising out of End-User’s use of the Content in any way contrary to this Agreement.

6. Beneficiaries of this Agreement. The rights and limitations in this
Netpicks Trading LLC End-User Agreement are for the benefit of
Netpicks Trading LLC and its information providers, each of which shall have the right to enforce its rights hereunder directly and on its own behalf.

Netpicks Trading LLC shall not be responsible for any interruptions or delays in transmission, errors, defects in transmission, or failures to transmit information when such result from acts of God, including without limitation to natural disasters, floods, fire, war, riots, earthquakes, hurricanes, electronic equipment failures, telephonic and interconnect problems, communication problems, acts of government or other causes beyond
Netpicks Trading LLC control and the Customer does further hereby waive any claims against
Netpicks Trading LLC for any delay or interruption in service. Without limiting the foregoing, the Customer understands and agrees that
Netpicks Trading LLC its joint venturers and its and their officers, employees or agents shall not be liable for any incidental, special, indirect, consequential or other damages occasioned by Customer’s use of, or reliance upon, the information furnished by
Netpicks Trading LLC. The Customer waives any and all rights the Customer may have to recover any damages, whether incidental, special, indirect, consequential or otherwise, against
Netpicks Trading LLC its joint venturers and its and their officers, employees or agents, resulting from loss of profits or opportunity, trading losses, or any other damages resulting from inconvenience or the loss of use of
Netpicks Trading LLC service or the Customer’s reliance upon the information received from
Netpicks Trading LLC.  Netpicks Trading LLC, may terminate this Agreement with the Customer with cause and such termination shall become effective as of the day such termination is communicated to the Customers. Customer hereby agrees to pay all taxes that may be assessed in any and all transactions resulting from this Agreement or the services provided by
Netpicks Trading LLC., including without limitation federal excise, sales, use, personal property or other applicable taxes. The rights and obligations arising under this contract are personal and the Customer shall not assign, transfer, lease, sublease, in whole or in part, any of the Customer’s rights under this Agreement without the prior written consent of Netpicks Trading LLC.

This Agreement constitutes the entire agreement between Netpicks Trading LLC and the Customer relating to the purchase of services herein above described. No covenant or agreement or condition of any part of this Agreement may be altered or amended without the express written agreement of both parties, and the failure of either party to enforce one or more provisions of this Agreement shall not constitute a waiver with respect to any other covenant or provision of this Agreement.

If any of the provisions of this Agreement are determined to be unenforceable by a court of competent jurisdiction, then the portion so held to be unenforceable shall be deemed to the excluded and the remainder of the Agreement shall remain in full force and effect. This Agreement shall be governed by, and construed in accordance with the laws of the State of Nevada and the exclusive jurisdiction and venue for any legal proceedings arising from or in connection with this Agreement shall be in Washoe County, Nevada.

Currency trading involves high risk and you can lose a lot of money. Netpicks Trading LLC assumes no responsibility or liability from gains or losses incurred. Past performance is no guarantee of future results