Legal
Risk disclosure
Last updated September 2026
The disclosure
Trading foreign exchange, futures and equities involves substantial risk of loss and is not suitable for every investor. You may lose more than your initial investment. Do not trade with money you cannot afford to lose.
Past performance
Past performance is not indicative of future results. No representation is made that any account will or is likely to achieve profits or losses similar to any discussed on this site or in these books.
Educational material only
Everything published and sold here is educational. Nothing on this site is investment, financial, legal or tax advice, and nothing here is personalised to your circumstances. Charts, examples and figures illustrate a method of analysis; they are not signals or recommendations.
Your responsibility
You alone decide what to trade, at what size, and with what risk. Consider taking advice from a licensed professional in your jurisdiction before you commit capital.
One letter, when there is something to say
Charlie wrote to his students. We do the same: a new plate, a chart worth looking at, a note when a book is finished. No schedule, no sequence, no selling to you every Tuesday. Leave when you like.
We keep the list ourselves. It is never sold, rented or shared.