TradeStation Securities, Inc. seeks to serve institutional and active traders. Please be advised thatactive trading is generally not appropriate for someone of limited resources, limited investment ortrading experience, or low risk tolerance, or who is not willing to risk at least $50,000 of capital.This book may discuss in detail how TradeStation is designed to help you develop, test andimplement trading strategies. However, TradeStation Securities does not provide or suggesttrading strategies. We offer you unique tools to help you design your own strategies and look athow they could have performed in the past. While we believe this is very valuable information,we caution you that simulated past performance of a trading strategy is no guarantee of its futureperformance or success. We also do not recommend or solicit the purchase or sale of anyparticular foreign currencies, commodities, securities or derivative products of any of those. Anysymbols referenced in this book are used only for the purposes of the demonstration, as anexample —- not a recommendation.Finally, this book may discuss automated buy and sell alerts and/or electronic order placementnd execution. Please note that even though TradeStation has been designed to automate yourtrading strategies and deliver timely order placement, routing and execution, these things, as wellas access to the system itself, may at times be delayed or even fail due to market volatility, quotedelays, system and software errors, Internet traffic, outages and other factors.All proprietary technology in TradeStation is owned by TradeStation Technologies, Inc., anaffiliate of TradeStation Securities, Inc. The order execution services accessible from withinTradeStation are provided by TradeStation Securities, Inc. pursuant to a technology license fromits affiliate and its authority as a registered broker-dealer and introducing broker. All otherfeatures and functions of TradeStation are provided directly by TradeStation Technologies.TradeStation® and EasyLanguage® are registered trademarks of TradeStation Technologies, Inc.”TradeStation,” as used in this document, should be understood in the foregoing context.