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    <h1>Risk Disclosure</h1>
    <p class="legal-updated">Last updated: August 2026</p>

    <div class="legal-callout">
        <strong>Trading foreign exchange, CFDs, commodities, indices, and prop-firm challenges carries a substantial risk of loss and is not suitable for every investor.</strong> Please read this disclosure in full before relying on TraderAlign in connection with any real trading decision.
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    <h2>1. TraderAlign Is Not a Broker or Advisor</h2>
    <p>TraderAlign is a journaling, position sizing, and analytics tool. It does not execute trades, hold client funds, act as a broker, or provide personalized investment, financial, or trading advice. Nothing on the platform, including calculator output, strategy analytics, reports, or Colex AI coaching, should be interpreted as a recommendation to buy, sell, or hold any financial instrument.</p>

    <h2>2. You Are Solely Responsible for Your Trading Decisions</h2>
    <p>Every trade you place is your own decision, made through your own broker or prop firm platform. TraderAlign does not review, approve, or guarantee the suitability of any trade for your circumstances. You are solely responsible for evaluating the risk of any trade before placing it.</p>

    <h2>3. Past Performance Is Not Indicative of Future Results</h2>
    <p>Historical statistics shown in TraderAlign, such as win rate, expectancy, profit factor, and backtested strategy metrics, describe what has already happened. They do not guarantee, and should not be relied on to predict, future trading results.</p>

    <h2>4. Calculator &amp; Position Sizing Output</h2>
    <p>The Calculator's lot size, risk, and margin figures are computed from the inputs you provide and standard contract specification assumptions. They are estimates intended to help you plan a trade. Always confirm actual margin, contract size, and execution terms directly with your broker before entering a live position, since real broker conditions such as spread, slippage, swap, and commission can differ from what the Calculator assumes.</p>

    <h2>5. MT5 Reconciliation &amp; Broker Data</h2>
    <p>When you choose to upload an MT5 statement, TraderAlign reconciles the broker reported execution data against your journaled trades for informational and analytical purposes only. This reconciliation does not modify, dispute, or have any bearing on your actual account with your broker or prop firm. Your broker's own records remain the authoritative record of your trading account.</p>

    <h2>6. AI-Generated Content (Colex)</h2>
    <p>Colex AI produces analysis and coaching commentary generated by a third-party AI model based on your own journaled data. AI output can be incomplete, generalized, or simply wrong. It is not trading advice and should be treated as one input among many, never as a signal to act on.</p>

    <h2>7. Prop Firm Challenges</h2>
    <p>If you use TraderAlign to track a proprietary trading firm ("prop firm") evaluation or funded account, our balance, drawdown, and pass or breach tracking are our own calculations based on the rules and data you provide. They are not an official statement from the prop firm itself. Always confirm your real challenge status directly with your prop firm.</p>

    <h2>8. No Guarantee of Profit</h2>
    <p>No trading tool, journal, or analytics platform, including TraderAlign, can guarantee profitable trading outcomes. Only trade with capital you can afford to lose, and consider seeking independent financial advice suited to your own circumstances before trading.</p>

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