You must consider points enumerated below before engaging yourself in a strategy of active negotiation. For purposes of present, "strategy of active negotiation" means general strategy of negotiation characterized by the successive transmission of selling and buying orders of the same values in a short lapse of time.

The active negotiation can prove extremely risky.The active negotiation is not adapted for the people having financial resources limited as well as a knowledge and a limited experiment in placement and a weak tolerance with the risks. You must be ready to lose all the funds which you will use for the active negotiation. In fact, you should not finance your trading activities with your savings in retirement, mortgage loan, emergency funds or other amounts borrowed or saved with particular aims such studies or the purchase of a property or for your recurring expenses.

Moreover, in certain cases, it is shown that an investment of less than $50 000 can reduce to a significant degree your possibilities of profit. In the same way, an investment more than $50 000 does not guarantee any success.

Be careful as for the claims of substantial profits coming from the active negotiation. You must remain skeptics of publicities or other advertisements which underline the potential of substantial profits coming from the active negotiation. The active negotiation can also lead to the immediate ones and significant financial losses. The active negotiation requires a good knowledge of the financial markets.

The active negotiation requires a thorough knowledge of the financial markets and techniques and negotiation strategies. When you try to make profits by the active negotiation, you compete with professional negotiators employed by brokerage firms. You must have suitable experience before engaging you in the active negotiation and knowing the following subjects: types of orders, rules of negotiation to the opening, fractionation of order, rules on the short sales, illegal practice (fictitious fixing of price, handling of the market and fictitious operation, "high closing".

The active negotiation requires a good knowledge of the operations of a brokerage firm. You must know the practices of the brokerage firm with which you make deal, including the system of negotiation and the procedures of execution orders. According to market rates, it can become difficult, even impossible to quickly liquidate a position at a reasonable price. For example, this can occur when that the course of a stock falls quickly or when the negotiation of a security is suspended because of the advertisement of news or an unusual activity on the stock. In addition to the usual risks inherent in the markets, you can undergo losses because of failures of the systems.

The active negotiation generates substantial commissions, even if the price by transaction is tiny. The active negotiation implies aggressive negotiation and, generally, you pay commissions on each transaction. The total of the daily commissions that you pay on your transactions adds to your losses or reduces your profits considerably.

The negotiation on margin or the short sale can cause losses which will exceed the initial investment on your account.When you negotiate with borrowed funds of a Broker or a third, you can lose more than the funds which you had placed. A fall of the value of the bought securities will be able to force you to inject additional capital in order to avoid the forced sale of your values or other values on your account. The short sale as strategy of negotiation can also lead to substantial losses because of the purchase at high price which you will have to make in order to cover your position with overdraft.

Possible requirements of inscription. The people who lavish councils of investment or which manage accounts values for the account of others can have to be registered by way of Broker or representative of Broker according to the applicable provincial regulation.

Information on the margin
Present information is provided to you by JITNEYTRADE inc. so that you had basic information relating to the purchase of securities on margin and in order to underline you the risks associated with the negotiation with values in an account strokes. Before starting to negotiate in your account strokes, you should read the part entitled attentively "Accounts Strokes" which is in your document of opening of account strokes.

When you buy securities, you can pay entirely for these securities or borrow part of the purchase price near the broker in charge of account with JITNEYTRADE inc.. If you decide to borrow funds of our broker in charge of account, JITNEYTRADE inc. will open your account strokes near the broker in charge of account.

The bought values are then affluent with in favor of the broker in charge of account in order to guaranteeing your loan and, consequently, the broker in charge of account can take any action, such as or a sale call for additional cover forced of values on your account in order to maintain there equity necessary. It is of primary importance that you include/understand well the risks associated with the negotiation on margin.

These risks include/understand the following:

You can lose more than the funds deposited on your account strokes. A fall of the value of the shares bought on margin can oblige you to lodge additional funds with your broker in order to avoid the forced sale of the values on your account.

The broker in charge of account can proceed to the forced sale of your values to the account. . If equity on your account falls under the threshold from the necessary margin according to the regulation, or under the threshold of the internal requirements of the broker in charge of account, the broker in charge of account can liquidate values with the account in order to cover the insufficiency of margin.

You will be then responsible for any balance due on your account following this liquidation. JITNEYTRADE inc. or the broker in charge of account can force the sale of values held in your account without you to warn as a preliminary about it. Some investors believe wrongly that a Broker must communicate with them so that a call for additional cover is valid and that a Broker cannot thus liquidate the values with the account. It is not the case. The majority of the Brokers will try to join the client in the case of a call for additional cover but they do not have the obligation to do it. However, even if a Broker communicated with the client and that a date was agreed to satisfy the call for additional cover, the Broker can all the same pose gestures necessary to the protection of his interests including the liquidation of the values without notice to the Customer.

You are not authorized to choose which stocks or other values held in your account margin will be liquidated or sold in order to respect a call for additional cover as a long time as you will remain involved in debt towards the Brokers, all stocks or values whom the Brokers will have in hands or whom the Brokers will hold for you or for your account will be affluent and constitute a continuous collateral guarantee for the payment of this debt. The Brokers will be able to then decide which stocks or values to sell in order to protect their interests.

The broker in charge of account can increase the necessary margins without notice the changes which a broker in charge of account in his internal policies of margin can carry out can take immediate effect and result in a call for additional cover.

The defect to satisfy this call for additional cover can bring the broker in charge of account to liquidate or sell the titles or values held in your account.

You will not obtain an additional time at the time of call for additional cover. A customer does not have any right as for obtaining of an additional time at the time of call for additional cover. On the other hand, under certain conditions, a customer can obtain an additional time in order to allow him to meet the requirements of margin.

Declaration relating to the routing and the execution of the orders.

JITNEYTRADE inc. informs you of two specific risks associated with the activities with negotiation on line:

1. Disordered market ("fast market")
A disordered market occurs at a session where volume is raised and extreme fluctuations of course; an imbalance settles then because of the multitude of the sale and buying orders entered simultaneously on the same title. Because of these imbalances, significant fluctuations in a short lapse of time are not unusual. The disordered markets can occur at any day, on a title in particular or a group of titles or even on the whole of the market. For titles recognized like less volatile, of the disordered markets can be caused by public advertisements, movements of the market in general and even by stops of transactions. The capacity to carry out orders at the time of a disordered market can be reduced significantly and significant delays in the execution can occur. As, the orders at the market entered at the time of situation of disordered market can be carried out at prices quite different as the courses posted at the time from the command signal input. We ask you to keep these comments with the spirit when you convey orders by the intermediary of JITNEYTRADE inc..

2. Use of the systems of automated negotiation JITNEYTRADE inc. uses several systems and technologies of entry and routing of the orders.
These systems and technologies improve our capacity to transmit your orders quickly, to compare the various courses on the same value on various markets and to minimize the possible errors. However, these systems and technologies are prone to periodic interruptions or breakdowns. Although we make the best efforts to use reliable systems and technologies and that we have in place of the systems and technologies of changing, you must take into account that your capacity to carry out an order quickly can be affected by such breakdowns or interruptions.

Risk of lack of liquidity. The liquidity makes it possible to the participants of the market to buy and sell titles. Generally, more there are orders in the market more there is liquidity. The liquidity is significant since it facilitates the purchase and the sale of the titles and, consequently, the investors obtain a better price. It can miss liquidity during the negotiation out-meeting. Thus, your order could be carried out only partially or at all.

Risk high volatility. Volatility refers to the fluctuations of price of a value. Generally, a high volatility calls significant fluctuations of price. It can exist a higher volatility during negotiation out-meeting. Consequently, your order could be only partially carried out or at all, or, you could receive a price lower than than you could obtain at a regular meeting of negotiation. Risk changes of course the values negotiated at the time of the sessions out-meeting can not reflect the courses posted at the time of the close-down of a regular session or those which will be posted with the opening at the time of the regular session of the following day. Thus, you could receive a price lower than than you could obtain at a regular meeting of negotiation.

Risk disparate markets. According to the market out-meeting, the courses posted on this market can be different from those posted on the same title on a competitor market. Consequently, you could receive a price lower on a market out-meeting than that which you could obtain on a market out-meeting competitor.

Risk of public advertisements. Usually, the registered companies emit their press releases after the normal hours of negotiation when the news can influence the course of the title. In the situations of negotiation out-meeting, these advertisements can occur during the negotiation and, combined with a weak liquidity and a high volatility, can cause an exaggerated fluctuation of the course of the title.

Risk great variations. The variation represents the difference between the price bid and the selling rate. A weak liquidity and a high volatility can cause larger variations on a title than at a regular session of negotiation.


Do not hesitate to communicate with JITNEYTRADE inc. to the 1-866-608-0099 if you have questions about the declarations of risky which proceed.