# Trading risk disclosures · DT Terminal > Trading risks, hypothetical performance and public trading records. # Trading risk disclosures Read these notices before interpreting trading results, backtests, demo figures or testimonials on DT Terminal. Our tools help you record and review your decisions; they do not promise trading outcomes. ## How to interpret published records Public pages contain the records and periods a trader chooses to share. They may exclude accounts, trades or costs that were not imported or disclosed. Check each page’s date range, account type, source and sync status. Net P&L uses the recorded profit, fees and adjustments available to that view; missing charges, slippage, financing or currency-conversion costs can change the result. A selected trade or period is not evidence of typical performance. A source-verification badge means records came through a supported connection. It does not audit a complete trading history, establish live-market execution, prove improvement caused by the product, or endorse a trader. Prop-firm accounts may run in simulation even when payouts are real. A verified payout confirms that payment only. Demo examples and backtests are simulated. Legal disclosures ## Trading risk disclosures Read these notices before interpreting trading results, simulations, testimonials or third-party platform references. ### Futures and forex risk disclosure Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. ### Hypothetical performance disclosure Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or 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 particular trading program. One of the limitations of hypothetical 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 of 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 performance results and all of which can adversely affect trading results. ### Records and verification Trading involves substantial risk of loss, including more than your initial investment. Past performance is not necessarily indicative of future results. Published records are individual, voluntarily shared results, not typical results for all DT Terminal users. Verification describes the source of a record, not its future performance. ### Testimonials Testimonials may not be representative of the experience of other clients or customers and are not a guarantee of future performance or success. ### Live trade rooms and demonstrations This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account. ### Digital assets and educational content Digital assets are volatile and trading them can result in substantial losses. Review the [CFTC guidance on bitcoin futures](https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/BitcoinFuturesETF.html) before trading. Community discussions and educational demonstrations express their authors’ views, not personalised investment advice. Simulated trades cannot be expected to replicate live trading results. ### DT Academy and Edge DT Academy lessons, examples, quizzes and Edge’s answers about them are for education only and are not financial advice. They are not a recommendation to buy, sell or hold any instrument. Charts, worked examples and backtests in a lesson are illustrative or hypothetical, and they do not guarantee or predict live trading results. --- This is the Markdown version of https://www.thedtterminal.com/risk-disclosure. [Home](https://www.thedtterminal.com/) · [Verification](https://www.thedtterminal.com/verification) · [Pricing](https://www.thedtterminal.com/pricing) · [Supported brokers](https://www.thedtterminal.com/supported-brokers) · [Rankings](https://www.thedtterminal.com/rankings) · [About](https://www.thedtterminal.com/about) · [llms.txt](https://www.thedtterminal.com/llms.txt)