The risks involved in using ITM
Tuesday, 12 February 2008

You have to be aware of the risks in using Forex and Expert Advisors in general and ITM specifically.

 

One of the main risks that you may encounter is that ITM tries to close several trades but your broker for some reason does not grant the permission to do so. Sometimes they may close some of the trades and leave the rest open. In such cases ITM generates a printed text to inform you about the problem. It asks you to close the trade manually. However, you may not notice the problem and leave the trades open. Please beware of this risk prior to using ITM.

 

Other risks are pretty much common between all Expert Advisors. For example you may face the risk of disconnection from Internet or your broker's server. In such cases ITM is not capabel to monitor and/or manage your trades.

 

Forex on its own is very risky. Trade forex only if you can tolerate the risk. Read the following statement about trading forex. Please take this seriously.

 

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.

 

There may be some other risks involved in trading with ITM. We do recommend to trade ITM on a demo account and then switch to a live account when you feel comfortable with it and at your own discretion.