Trading futures involves substantial risk of loss and is not suitable for every investor. You can lose more than the amount initially deposited.
1. Educational research only
FuturesSpread provides historical research, calculations and educational content. Nothing on the service is personalized investment advice, a trading signal, a brokerage service, an offer or a recommendation to buy or sell a futures contract or spread.
2. Leverage and market risk
Futures are leveraged instruments. A relatively small market movement can produce a disproportionately large gain or loss. Margin requirements may change, positions may be liquidated, and additional funds may be required on short notice.
3. Calendar-spread risk
A calendar spread can lose value even when the underlying commodity moves in the direction you expected. The two contract legs may respond differently to supply, demand, storage, delivery, liquidity, weather, policy and other events. Reduced margin treatment does not eliminate risk.
4. Hypothetical and backtested results
Displayed performance is hypothetical and calculated from historical data. It does not represent actual account results. Hypothetical results have inherent limitations: they benefit from hindsight, may not reflect market impact or execution conditions, and cannot fully account for a trader's ability to withstand losses.
5. Seasonality and optimization
Seasonal patterns describe what occurred in selected historical periods; they do not predict what will occur next. Optimization can identify dates that fit past data and may overfit noise. A high historical win rate, consistency score or average profit does not guarantee a profitable future trade.
6. Costs, liquidity and execution
Unless expressly stated, hypothetical calculations may not include commissions, exchange and data fees, bid-ask spreads, slippage, taxes, financing costs, margin changes or execution delays. Actual results may therefore be materially worse. Some contracts or spreads may be difficult to enter or exit at a displayed price.
7. Data and calculation limitations
Historical and current data can contain errors, gaps, revisions, contract adjustments or delays. Calculated statistics depend on assumptions such as contract selection, price series, entry and exit dates, roll treatment and point value. Verify information independently before relying on it.
8. Your responsibility
Only trade with risk capital you can afford to lose. Consider your objectives, experience and financial position, and consult an appropriately licensed financial, legal or tax professional when needed. You are solely responsible for your decisions and results.