...........................    RISKS IN FOREX TRADING
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO
REPRESENTATION IS BEING MADE THAT ANY SUBSCRIBER 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 ON 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 WHICH CAN ADVERSELY AFFECT TRADING RESULTS. PERFORMANCE TABLES AND RESULTS THAT ARE HYPOTHETICAL
IN NATURE DO NOT REPRESENT TRADING IN ACTUAL ACCOUNTS, UNLESS OTHERWISE STATED. IF IT DOESN'T SAY "LIVE TRADING
RESULTS," THE TABLES AND RESULTS ARE DERIVED FROM HISTORICAL CHARTING RESULTS.

TFP also recommends you review the Commodity Futures Trading Commission (CFTC) consumer advisory on FX trading fraud:
http://www.cftc.gov/opa/enf98/opaforexa15.htmbb

                                                          High Risk Investment
Margined Currency Trading is an extremely risky form of investment and as such is only suitable for individuals and institutions
prepared to handle the potential losses it entails. An account with many forex dealers permits you to trade foreign currencies on a
highly leveraged basis (up to approximately 100 times your account equity). An initial deposit of $2,000 will enable the account holder
to take a maximum position with $200,000 market value. The funds in an account trading at maximum leverage can be completely
lost, if the position(s) held in the account has a one percent swing in value. Theoretically, an account could lose more than the equity
it contains, if the account is trading at maximum leverage and positions held in the account swing more than one percent in value.
Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk
capital funds that, if lost, will not significantly effect one's personal or institution's financial well being.

                                                     TFP's Market Opinions
Any opinions expressed by TFP regarding the prices of specific currencies and the direction they will take in the future are purely
opinions. They are not guaranteed in any way. In no event shall TFP or TFP system developer Keith Long have any liability for any
losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided
verbally or via the internet, or any delays, inaccuracies, errors in, or omissions of information.

                                                     Internet Trading Risks
Furthermore, for those traders using online trading platforms, they should be aware that there are risks associated with utilizing an
Internet-based deal execution trading system including, not limited to, the failure of hardware, software, and Internet connection.
TFP's trading alerts and instructions are provided by wireless text messaging, typically to a cell phone, PC, or other similar device.
Traders must know that the failure of any one of these components including alert providers not associated with TFP, can cause
trading losses, and that TFP will not be liable for any such loss that results from failure to receive trading signals and instructions
caused by equipment or provider failure.

                                                 Risk Disclosure Statement
This brief statement does not disclose all of the risks and other significant aspects of trading in leveraged investments. 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. You should carefully consider whether trading is appropriate for you in
light of your experience, objectives, financial resources and other circumstances. Due diligence is essential with respect to relying on
any other party for advice, and/or execution of trading decisions in forex.
.....IT IS UNDERSTOOD WITHIN THE FOREX ENVIRONMENT THAT FULLY 90% OF ALL FOREX
....   ........  TRADERS PROBABLY LOSE MONEY WITH THEIR TRADING EXPERIENCE.

.ALSO, THE FOREX TRADING ENVIRONMENT IS DECENTRALIZED AND INVESTORS' TRADING RELATIONSHIPS
.HAVE LESS REGULATION THAN MANY OF THEIR.INVESTMENT COUNTERPARTS, SUCH AS STOCK BROKERS,
.CURRENCY FUTURES DEALERS, BOND TRADERS, AND THE LIKE.

.IT IS PRECISELY BECAUSE OF THE HIGH DEGREE OF RISK INVOLVED IN FOREX TRADING, THAT WE AT                
 ............                                        ......     .     TRANSPARENT FOREX PROFITS
.EMPHASIZE AND ADVOCATE "TRANSPARENCY" IN OUR TRADING SYSTEMS, PROGRAMS AND INFORMATION.

.TFP PROVIDES BOTH LIVE AND HYPOTHETICAL TRADING PERFORMANCE RECORDS WITHIN OUR SITE AND
.WHILE EACH CAN PROVIDE A ROLE IN EVALUATING.FUTURE FOREX TRADING PERFORMANCE RESULTS FOR
.OUR SYSTEMS, TFP.REQUIRES THAT ALL ITS SUBSCRIBERS READ, UNDERSTAND AND ACCEPT THE RISKS AND
.LIMITATIONS OF HISTORICAL, HYPOTHETICAL AND EVEN LIVE TRADING PERFORMANCE RECORDS PRIOR TO
.USING ANY TFP PROGRAM.
TFP         Transparent Forex Profits LLC
Managed Forex Investment Risks
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