1.     In using any of the DougTMS workbooks or associated material the user, 'You', accepts and acknowledges that: 

You understand that trading the markets has large potential rewards, but also large potential risks, including possible loss of principle and other losses. You must be aware of the risks and be willing to accept them in order to trade.

The information contained in each of the workbooks is not a recommendation, nor does it provide any advice; it is provided for educational and trade management record keeping purposes only. 

The information contained in each workbook is believed to be correct at the time of publishing. The 'publisher' cannot and does not warrant the accuracy or completeness of the information relating to identifying symbols, margins, PIP values, and other detail contained within each workbook. You should check with your broker or an exchange to confirm current margins, PIP values, and other relevant information prior to placing any trade. 

Unlike an actual performance record 'Paper Trading' results do not represent actual trading results. 

The information contained in each DougTMS workbook does not take in to account your objectives, financial situation, needs, or trading experience. 

2.     The user 'You' agrees and covenants that: 

You will not copy or distribute any DougTMS workbook, completely or in part, by any means to any other person or entity without the prior written permission of the publisher. 

You will only use DougTMS workbooks for its intended purpose to provide education in relation to trading the specific instruments and to manage, monitor and record the trades you have placed. 

3.     The results you obtain with your trading will depend on: 

The trades you select, 

The accuracy of the information you enter, and 

The 'Stop Loss' values you apply. 

Remember that the results you achieve are no guarantee of future results, either by paper trading or by actual trading, and paper trades may vary to actual trades due to the sequence of daily price fluctuations and or other factors.