RISK OF SECURITIES TRADING. 1. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. 2. Any representation of past performance is not necessarily a guide to future performance. 3. Investments in emerging markets need careful and independent assessment by you of each investment and the risks (including without limitation sovereign risk, issuer risk, price risk, liquidity risk, legal and tax risks). Further, you should be aware that, which such investments can yield high gains, they can also be highly risky as the markets are unpredictable and there may be inadequate regulations and safeguards available to investors. 4. Where investments involve exposure to foreign currencies, changes in rates of exchange may cause the value of the investments to fluctuate up or down. 5. China Galaxy International Securities (Hong Kong) Co., Limited (‘Galaxy International Securities’) and/ or China Galaxy International Futures (Hong Kong) Co., Limited (‘Galaxy International Futures’) is entitled to act upon your instructions and you cannot assume that Galaxy International Securities and/or Galaxy International Futures will warn you if your instructions are ill-timed or inadvisable for any reason or if the instructions are likely to cause you loss. 6. Before you make any investment, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.
Appears in 9 contracts
Samples: Account Opening Agreement, Account Opening Agreement, Account Opening Agreement
