Disclaimer and risk disclosure
Last updated 2026-10-03. Draft pending legal review.
Education and research only
MEZACAPITAL publishes research and educational material about how futures markets behave. Nothing on this website, in our papers, our course or any communication from us is investment advice, a recommendation, or a solicitation to buy or sell any security, futures contract or other financial instrument. Our material is general and impersonal: it does not take into account your objectives, financial situation or needs.
Risk of loss
Trading futures and other leveraged products involves substantial risk of loss and is not suitable for every investor. You can lose more than your initial deposit. Only risk capital should be used for trading. You are solely responsible for your own trading decisions.
Hypothetical and historical results
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
The statistics we publish (hit rates, base rates, probabilities) describe how historical market data behaved under stated definitions. They are not trading results, and past behaviour does not guarantee future behaviour.
No guarantee
We take care that our research is accurate and honestly reported, including its limits and our mistakes, but we make no warranty that any material is complete, current or free of error.