Legal disclaimer and risk disclosure

Nexum Capital Markets, nor any of its representatives, accepts no responsibility for the accuracy or completeness of any information here in contained nor for any forecasts or recommendations. Nexum Capital Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Nexum Capital Markets that you will profit from the strategies herein or that your losses in connection therewith can or will be limited. This electronic communication and any files transmitted with it, or attached to it, are confidential and are intended solely for the use of the individual or entity to who it is addressed and may contain information that is confidential, legally privileged, protected by privacy laws, or otherwise restricted from disclosure to anyone else. If you are not the intended recipient or the person responsible for delivering the e-mail to the intended recipient, be advised that you have received this e-mail in error, and that any use, dissemination, forwarding, printing, or copying of this e-mail is strictly prohibited. If you received this e-mail in error, please return the e-mail to the sender, delete it from your computer and destroy any printed copy of it. Although our company attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses. Some comments have been translated by us and some comments have been aquired from other sources, which are stated at the end of each chapter. All comments and opinions are solely those of the writer and are not in any way comments or opinions of Nexum Capital or its affiliates. Additional information is available upon request. Information in this publication has been obtained from sources believed by the writer to be reliable, but the accuracy, completeness and interpretation are not guaranteed and have not been independently verified. Opinions expressed are subject to change without notice and, due to the rapidly changing nature of currency markets, may quickly become outdated. The opinions and information presented do not constitute a solicitation for the purchase or sale of any securities or options on securities.