风险披露

Risk Disclosure

生效日期 / Effective Date：2026年5月9日
网站名称 / Website Name：老冯交易 / Lao Feng Trading
网站地址 / Website URL：https://www.laofengtrading.com
联系邮箱 / Contact Email：fhzart@gmail.com

中文版本

1. 重要提示

欢迎访问 老冯交易 网站，网址为 **https://www.laofengtrading.com**。

本《风险披露》适用于你访问本网站、观看直播、购买课程或会员服务、阅读文章、使用学习资料、加入社群、点击第三方链接、注册 Prop Firm 或使用任何与本网站相关的内容和服务。

在使用老冯交易网站及相关服务前，请你仔细阅读并充分理解本风险披露。

如果你不同意本风险披露，或无法接受交易及 Prop Firm 挑战可能产生的风险，请不要使用本网站内容，也不要购买相关服务或注册第三方平台。

2. 本网站内容仅供教育用途

老冯交易提供的所有内容，包括但不限于直播、课程、视频回放、文章、图表、交易复盘、市场分析、策略讲解、Prop Firm 规则介绍、案例分享和社群讨论，均仅用于教育、信息分享和个人经验交流。

本网站内容不构成：

1. 投资建议；
2. 财务建议；
3. 法律建议；
4. 税务建议；
5. 个性化交易建议；
6. 买入、卖出或持有任何金融产品的建议；
7. 收益承诺；
8. 本金保障；
9. 代客理财；
10. 账户托管；
11. 自动交易服务；
12. 交易信号服务。

你应根据自己的知识、经验、资金情况、风险承受能力和独立判断，决定是否进行任何交易或购买任何第三方服务。

3. 交易存在重大风险

交易期货、外汇、股票、指数、CFD、加密资产、期权或其他金融产品均存在重大风险，可能导致部分或全部资金损失。

市场价格可能快速波动，交易结果可能受到多种因素影响，包括但不限于：

1. 市场波动；
2. 流动性不足；
3. 滑点；
4. 点差扩大；
5. 数据延迟；
6. 网络故障；
7. 平台故障；
8. 订单执行延迟；
9. 杠杆放大亏损；
10. 突发新闻；
11. 政策变化；
12. 交易所或经纪商规则变化；
13. 个人情绪和执行错误。

你理解并同意，任何交易都可能产生亏损，甚至可能在短时间内造成重大损失。

4. 杠杆交易风险

许多交易产品和 Prop Firm 挑战都涉及杠杆。杠杆可以放大盈利，也会放大亏损。

即使市场只发生较小幅度的波动，也可能因为杠杆作用导致较大的账户损失、强制平仓、账户违规、挑战失败或账户终止。

你不应使用无法承受损失的资金进行交易，也不应因为直播、课程、文章或他人交易结果而盲目提高仓位。

5. Prop Firm 挑战风险

老冯交易可能介绍、评测或推广第三方 Prop Firm。Prop Firm 挑战通常涉及报名费、评估规则、盈利目标、每日亏损限制、最大回撤限制、交易天数限制、交易品种限制、新闻交易限制、持仓规则、payout 规则和账户终止规则。

你理解并同意：

1. 购买 Prop Firm 挑战可能导致挑战费用损失；
2. 通过挑战并不代表你一定能长期获得 payout；
3. 获得 funded account 并不代表你一定能盈利；
4. 第三方 Prop Firm 的规则可能随时变化；
5. 第三方 Prop Firm 可能修改 payout 条件；
6. 第三方 Prop Firm 可能拒绝、延迟或取消 payout；
7. 第三方 Prop Firm 可能因规则违规、技术问题、风控判断或其他原因关闭账户；
8. 老冯交易不控制任何第三方 Prop Firm 的规则、账户审核、风控、客服、付款或运营。

你应在购买任何 Prop Firm 挑战前，自行阅读并理解该 Prop Firm 官方网站的最新规则、服务条款、风险披露和退款政策。

6. 第三方平台风险

本网站可能包含指向第三方 Prop Firm、经纪商、交易平台、软件工具、支付服务商、社交媒体平台、直播平台或社群平台的链接。

这些第三方平台由其各自运营者控制。老冯交易不对第三方平台的以下事项承担责任：

1. 服务质量；
2. 规则变化；
3. 账户限制；
4. 费用变化；
5. 交易执行；
6. 数据准确性；
7. payout 或出金结果；
8. 平台关闭；
9. 客服响应；
10. 隐私和数据安全；
11. 技术故障；
12. 用户损失。

你访问或使用任何第三方平台，应自行承担相关风险。

7. 推广链接和商业利益风险

老冯交易可能通过推广链接、联盟链接或返佣链接介绍第三方服务。如果你通过这些链接注册、购买挑战或使用第三方服务，老冯交易可能获得佣金、奖励、返现或其他商业利益。

这些商业利益可能影响本网站展示、介绍或排序某些第三方品牌的方式。

但无论是否存在推广合作，老冯交易均不保证：

1. 该第三方平台适合你；
2. 该第三方平台没有风险；
3. 你能通过挑战；
4. 你能获得 payout；
5. 你能盈利；
6. 该平台规则不会变化；
7. 该平台会长期正常运营。

你应自行判断是否使用任何第三方服务。

8. 历史表现不代表未来结果

本网站可能展示交易案例、账户截图、回测结果、模拟交易结果、历史行情分析、直播复盘、学员反馈或个人交易经验。

这些内容仅代表特定时间、特定市场环境、特定交易者或特定条件下的结果，不代表未来结果。

你理解并同意：

1. 过去盈利不代表未来盈利；
2. 过去通过挑战不代表未来能够通过挑战；
3. 过去获得 payout 不代表未来一定能获得 payout；
4. 回测结果不代表真实交易结果；
5. 模拟交易结果不代表真实资金交易结果；
6. 他人的交易结果不代表你的交易结果；
7. 任何策略都可能在未来失效。

9. 直播内容风险

老冯交易的直播内容可能包括市场观察、图表分析、交易计划、复盘讲解、策略演示和个人观点。

由于市场变化迅速，直播中的观点、价格位置、交易计划或分析逻辑可能很快失效。

直播内容不应被理解为要求你跟单、复制交易、买入、卖出或持有任何产品。

你理解并同意：

1. 直播内容仅为教育和演示；
2. 直播观点可能出现错误；
3. 市场可能不按预期运行；
4. 你不应盲目跟随任何直播内容下单；
5. 任何交易决定都应由你自行作出；
6. 老冯交易不对你因观看直播后作出的交易决定承担责任。

10. 课程和策略风险

老冯交易可能分享交易策略、交易模型、ICT 相关概念、技术分析方法、风险管理方法、交易心理内容或其他交易教育内容。

任何策略、模型或方法都不能保证盈利。市场环境可能变化，策略可能失效，交易者也可能因为执行力、情绪、仓位管理、经验不足或理解偏差而产生亏损。

你理解并同意：

1. 学习交易课程不保证盈利；
2. 掌握某种策略不代表可以稳定盈利；
3. 理解交易概念不代表可以正确执行；
4. 策略回测盈利不代表真实交易盈利；
5. 课程内容不构成个性化交易方案。

11. 数据和信息准确性风险

老冯交易会尽合理努力提供准确、及时和有用的信息，但不保证所有内容完全准确、完整、最新或无错误。

市场数据、价格、规则、费用、Prop Firm 条款、payout 政策、账户要求或其他信息可能随时变化。

你应以相关交易所、经纪商、Prop Firm、第三方平台或官方网站公布的最新信息为准。

老冯交易不对信息错误、遗漏、延迟或过时造成的损失承担责任。

12. 技术风险

你使用本网站、直播平台、支付系统、第三方平台或社群工具时，可能遇到技术问题，包括但不限于：

1. 网站无法访问；
2. 视频无法播放；
3. 直播延迟；
4. 账户登录问题；
5. 支付失败；
6. 数据不同步；
7. 网络中断；
8. 第三方平台故障；
9. 设备故障；
10. 软件兼容问题。

老冯交易会尽合理努力维护服务稳定，但不保证服务不会中断、延迟、出错或受到第三方影响。

13. 个人责任

你确认并同意：

1. 你有责任判断自己是否适合交易；
2. 你有责任判断自己是否适合购买 Prop Firm 挑战；
3. 你有责任管理自己的资金和风险；
4. 你有责任阅读第三方平台的官方条款；
5. 你有责任自行决定是否交易；
6. 你有责任承担自己的交易结果；
7. 你不应使用生活必需资金、借款、信用卡债务或无法承受损失的资金进行交易或购买挑战。

如你不理解交易风险，或无法承受资金损失，请不要进行交易，也不要购买 Prop Firm 挑战或相关服务。

14. 无收益保证

老冯交易不保证你通过使用本网站内容、观看直播、学习课程、加入社群或注册第三方平台后获得任何特定结果。

老冯交易不保证：

1. 你会盈利；
2. 你会减少亏损；
3. 你会提高胜率；
4. 你会通过 Prop Firm 挑战；
5. 你会获得 payout；
6. 你会成为稳定盈利交易者；
7. 你会收回课程费用；
8. 你会收回挑战费用；
9. 任何策略未来继续有效。

任何与盈利、交易结果、挑战结果或 payout 相关的内容，均不应被理解为承诺或保证。

15. 不适合所有人

交易和 Prop Firm 挑战并不适合所有人。

在进行交易或购买挑战前，你应考虑自己的：

1. 年龄；
2. 收入情况；
3. 财务状况；
4. 债务情况；
5. 交易经验；
6. 风险承受能力；
7. 心理承受能力；
8. 时间投入；
9. 学习能力；
10. 是否能够承受全部损失。

如有必要，你应咨询独立的财务、法律、税务或其他专业顾问。

16. 不承担交易损失责任

在适用法律允许的最大范围内，老冯交易不对以下事项承担责任：

1. 你的交易亏损；
2. 你的账户亏损；
3. 你的 Prop Firm 挑战失败；
4. 你的挑战费用损失；
5. 你的 payout 被拒绝、延迟或取消；
6. 你的账户被限制、关闭或终止；
7. 你因使用第三方平台产生的损失；
8. 你因依赖本网站内容产生的任何决定；
9. 你因市场波动、执行错误、技术问题或心理因素产生的损失；
10. 任何间接损失、机会损失、利润损失或衍生损失。

17. 本风险披露的更新

老冯交易可能不时更新本风险披露。更新后的版本将在本网站发布，并自发布之日起生效，除非另有说明。

你在风险披露更新后继续访问或使用本网站，即表示你接受更新后的内容。

建议你定期查看本页面。

18. 联系方式

如果你对本风险披露、网站内容、直播服务、Prop Firm 推广或其他事项有任何问题，请通过以下方式联系老冯交易：

网站： https://www.laofengtrading.com
邮箱： fhzart@gmail.com
网站名称： 老冯交易

English Version

1. Important Notice

Welcome to Lao Feng Trading, available at https://www.laofengtrading.com.

This Risk Disclosure applies when you access this website, watch livestreams, purchase courses or membership services, read articles, use learning materials, join communities, click third-party links, register with Prop Firms, or use any content or services related to this website.

Before using Lao Feng Trading and its related services, please carefully read and fully understand this Risk Disclosure.

If you do not agree with this Risk Disclosure, or if you cannot accept the risks associated with trading and Prop Firm challenges, please do not use this website, purchase related services, or register with any third-party platform.

2. Educational Content Only

All content provided by Lao Feng Trading, including but not limited to livestreams, courses, video replays, articles, charts, trade reviews, market analysis, strategy explanations, Prop Firm rule introductions, case studies, and community discussions, is for educational, informational, and experience-sharing purposes only.

The content on this website does not constitute:

1. Investment advice;
2. Financial advice;
3. Legal advice;
4. Tax advice;
5. Personalized trading advice;
6. A recommendation to buy, sell, or hold any financial product;
7. A promise of profit;
8. Capital protection;
9. Fund management;
10. Account management;
11. Automated trading services;
12. Trading signal services.

You are solely responsible for deciding whether to trade or purchase any third-party service based on your own knowledge, experience, financial situation, risk tolerance, and independent judgment.

3. Trading Involves Significant Risk

Trading futures, forex, stocks, indices, CFDs, crypto assets, options, or other financial products involves significant risk and may result in partial or total loss of funds.

Market prices may move rapidly, and trading results may be affected by many factors, including but not limited to:

1. Market volatility;
2. Lack of liquidity;
3. Slippage;
4. Wider spreads;
5. Data delays;
6. Network failures;
7. Platform failures;
8. Order execution delays;
9. Losses magnified by leverage;
10. Breaking news;
11. Policy changes;
12. Exchange or broker rule changes;
13. Personal emotions and execution errors.

You understand and agree that any trading activity may result in losses, including significant losses within a short period of time.

4. Leverage Risk

Many trading products and Prop Firm challenges involve leverage. Leverage can magnify both profits and losses.

Even a small market movement may result in substantial account losses, forced liquidation, account violations, failed challenges, or account termination due to the use of leverage.

You should not trade with funds that you cannot afford to lose, and you should not blindly increase your position size because of any livestream, course, article, or another person’s trading results.

5. Prop Firm Challenge Risk

Lao Feng Trading may introduce, review, or promote third-party Prop Firms. Prop Firm challenges usually involve registration fees, evaluation rules, profit targets, daily loss limits, maximum drawdown limits, minimum trading days, product restrictions, news trading restrictions, holding rules, payout rules, and account termination rules.

You understand and agree that:

1. Purchasing a Prop Firm challenge may result in the loss of the challenge fee;
2. Passing a challenge does not mean you will receive long-term payouts;
3. Receiving a funded account does not mean you will be profitable;
4. Third-party Prop Firm rules may change at any time;
5. Third-party Prop Firms may modify payout conditions;
6. Third-party Prop Firms may reject, delay, or cancel payouts;
7. Third-party Prop Firms may close accounts due to rule violations, technical issues, risk management decisions, or other reasons;
8. Lao Feng Trading does not control any third-party Prop Firm’s rules, account reviews, risk controls, customer service, payments, or operations.

Before purchasing any Prop Firm challenge, you should independently read and understand the latest official rules, terms of service, risk disclosures, and refund policies published on that Prop Firm’s official website.

6. Third-Party Platform Risk

This website may contain links to third-party Prop Firms, brokers, trading platforms, software tools, payment providers, social media platforms, livestream platforms, or community platforms.

These third-party platforms are controlled by their respective operators. Lao Feng Trading is not responsible for any of the following matters related to third-party platforms:

1. Service quality;
2. Rule changes;
3. Account restrictions;
4. Fee changes;
5. Trade execution;
6. Data accuracy;
7. Payout or withdrawal results;
8. Platform closure;
9. Customer support responses;
10. Privacy and data security;
11. Technical failures;
12. User losses.

You access or use any third-party platform at your own risk.

7. Promotional Links and Commercial Interest Risk

Lao Feng Trading may introduce third-party services through promotional links, affiliate links, or referral links. If you register, purchase a challenge, or use a third-party service through these links, Lao Feng Trading may receive commissions, rewards, rebates, or other commercial benefits.

These commercial interests may affect how certain third-party brands are displayed, introduced, or ranked on this website.

However, regardless of whether a promotional relationship exists, Lao Feng Trading does not guarantee that:

1. The third-party platform is suitable for you;
2. The third-party platform is risk-free;
3. You will pass any challenge;
4. You will receive any payout;
5. You will make profits;
6. The platform’s rules will not change;
7. The platform will continue operating normally in the long term.

You should independently decide whether to use any third-party service.

8. Past Performance Does Not Indicate Future Results

This website may display trading examples, account screenshots, backtesting results, simulated trading results, historical market analysis, livestream reviews, student feedback, or personal trading experiences.

These materials only represent results under specific times, market conditions, traders, or circumstances. They do not represent future results.

You understand and agree that:

1. Past profits do not guarantee future profits;
2. Past challenge success does not guarantee future challenge success;
3. Past payouts do not guarantee future payouts;
4. Backtesting results do not represent live trading results;
5. Simulated trading results do not represent real-money trading results;
6. Another person’s trading results do not represent your trading results;
7. Any strategy may stop working in the future.

9. Livestream Content Risk

Lao Feng Trading livestreams may include market observations, chart analysis, trading plans, trade reviews, strategy demonstrations, and personal opinions.

Because markets change rapidly, any opinion, price level, trading plan, or analysis shared during a livestream may become invalid quickly.

Livestream content should not be understood as an instruction for you to copy trades, follow trades, buy, sell, or hold any product.

You understand and agree that:

1. Livestream content is for education and demonstration only;
2. Livestream opinions may be incorrect;
3. Markets may not move as expected;
4. You should not blindly place trades based on any livestream content;
5. Any trading decision must be made solely by you;
6. Lao Feng Trading is not responsible for any trading decision you make after watching a livestream.

10. Course and Strategy Risk

Lao Feng Trading may share trading strategies, trading models, ICT-related concepts, technical analysis methods, risk management methods, trading psychology content, or other trading education materials.

No strategy, model, or method can guarantee profits. Market conditions may change, strategies may stop working, and traders may incur losses due to poor execution, emotions, position sizing, lack of experience, or misunderstanding.

You understand and agree that:

1. Studying trading courses does not guarantee profits;
2. Learning a strategy does not mean you can become consistently profitable;
3. Understanding a trading concept does not mean you can execute it correctly;
4. Profitable backtesting does not guarantee profitable live trading;
5. Course content does not constitute a personalized trading plan.

11. Data and Information Accuracy Risk

Lao Feng Trading will make reasonable efforts to provide accurate, timely, and useful information, but does not guarantee that all content is completely accurate, complete, current, or error-free.

Market data, prices, rules, fees, Prop Firm terms, payout policies, account requirements, or other information may change at any time.

You should always refer to the latest information published by the relevant exchange, broker, Prop Firm, third-party platform, or official website.

Lao Feng Trading is not responsible for any loss caused by incorrect, omitted, delayed, or outdated information.

12. Technical Risk

When using this website, livestream platforms, payment systems, third-party platforms, or community tools, you may encounter technical issues, including but not limited to:

1. Website access failure;
2. Video playback failure;
3. Livestream delays;
4. Account login problems;
5. Payment failures;
6. Data synchronization issues;
7. Network interruptions;
8. Third-party platform failures;
9. Device failures;
10. Software compatibility issues.

Lao Feng Trading will make reasonable efforts to maintain service stability, but does not guarantee that the services will be uninterrupted, delay-free, error-free, or unaffected by third parties.

13. Personal Responsibility

You confirm and agree that:

1. You are responsible for deciding whether trading is suitable for you;
2. You are responsible for deciding whether purchasing a Prop Firm challenge is suitable for you;
3. You are responsible for managing your own funds and risks;
4. You are responsible for reading the official terms of third-party platforms;
5. You are responsible for deciding whether to trade;
6. You are responsible for your own trading results;
7. You should not use essential living funds, borrowed money, credit card debt, or funds you cannot afford to lose for trading or purchasing challenges.

If you do not understand trading risks or cannot afford financial losses, you should not trade or purchase Prop Firm challenges or related services.

14. No Guarantee of Profit

Lao Feng Trading does not guarantee that you will achieve any specific result by using this website, watching livestreams, studying courses, joining communities, or registering with third-party platforms.

Lao Feng Trading does not guarantee that:

1. You will make profits;
2. You will reduce losses;
3. You will improve your win rate;
4. You will pass any Prop Firm challenge;
5. You will receive any payout;
6. You will become a consistently profitable trader;
7. You will recover course fees;
8. You will recover challenge fees;
9. Any strategy will continue to work in the future.

Any content related to profits, trading results, challenge results, or payouts should not be understood as a promise or guarantee.

15. Not Suitable for Everyone

Trading and Prop Firm challenges are not suitable for everyone.

Before trading or purchasing a challenge, you should consider your:

1. Age;
2. Income;
3. Financial situation;
4. Debt level;
5. Trading experience;
6. Risk tolerance;
7. Psychological tolerance;
8. Time commitment;
9. Learning ability;
10. Ability to withstand total loss.

Where necessary, you should consult an independent financial, legal, tax, or other professional adviser.

16. No Liability for Trading Losses

To the maximum extent permitted by applicable law, Lao Feng Trading shall not be liable for:

1. Your trading losses;
2. Your account losses;
3. Your failed Prop Firm challenges;
4. Loss of your challenge fees;
5. Rejected, delayed, or cancelled payouts;
6. Restricted, closed, or terminated accounts;
7. Losses arising from your use of third-party platforms;
8. Any decision you make in reliance on content from this website;
9. Losses caused by market volatility, execution errors, technical issues, or psychological factors;
10. Any indirect losses, lost opportunities, lost profits, or consequential losses.

17. Updates to This Risk Disclosure

Lao Feng Trading may update this Risk Disclosure from time to time. Updated versions will be posted on this website and will take effect from the date of posting unless otherwise stated.

Your continued access to or use of this website after the Risk Disclosure is updated means that you accept the updated content.

You are encouraged to review this page regularly.

18. Contact Information

If you have any questions about this Risk Disclosure, website content, livestream services, Prop Firm promotions, or any other matter, please contact Lao Feng Trading through the following information:

Website: https://www.laofengtrading.com
Email: fhzart@gmail.com
Website Name: Lao Feng Trading / 老冯交易