Risk disclosure and disclaimer

Draft wording. A lawyer licensed in Cambodia still needs to review it, and a Khmer version is still to be added.

What this is

MSNR Desk publishes general, impersonal market analysis about gold (XAUUSD) for information and education: key levels and Strong Zones found by a fixed rule set applied to price data, a course on the MSNR method, and backtest results. It does not publish trade signals, entries, stop-losses or take-profits. It is the same for every reader and does not take into account your objectives, financial situation, experience, needs or the laws that apply to you.

What this is not

Nothing on this website or in any other communication from us is investment, financial, legal or tax advice, a personal recommendation, or an offer or solicitation to buy or sell any financial product. We are not a broker, dealer, investment adviser, derivative representative or commodity trading advisor. We are not licensed or registered with the Securities and Exchange Regulator of Cambodia (SERC) or any other regulator. We do not accept or handle money, manage accounts, place trades for anyone, or receive payment from any broker.

Risk

Trading gold, forex and contracts for difference (CFDs) on margin carries a high level of risk and may not be suitable for you. Leverage can work against you as well as for you, and losses can be rapid and can exceed what you expected. Only trade with money you can afford to lose. Prices and spreads differ between brokers and data feeds, so the levels you see elsewhere may differ from ours.

Performance

Backtest results shown on this site, including win rates and R-multiples, are hypothetical and simulated. They are based on our own data feed and assumptions (including spread) and have inherent limitations. We show them in full, losses included. The signal engine currently fails its own pass bar, which is why no signals are published. Past or simulated performance is not a reliable indicator of future results.

Your responsibility

You alone decide whether to act on any information here. Before trading, consider whether it is appropriate for you and, if in doubt, get advice from an adviser licensed in your country. Use only a broker licensed by your local regulator.

Jurisdictions

This service is not directed at, and must not be used by, any person in a country where publishing or using it would be unlawful.

No warranty and limitation of liability

Information is provided "as is" and may be delayed, incomplete or wrong, for example during data-feed outages. To the extent permitted by law, we are not liable for any loss arising from use of, or reliance on, this service.

Conflicts

The authors may trade gold in their own accounts, including at or against the levels shown here. We receive no compensation from brokers or product providers.