Risk disclosure

AXL Charts does not give advice

AXL Charts is not registered with SEBI as an investment adviser or a research analyst. Nothing in the charts, lessons, case files or on this site is investment advice, a research report or a recommendation to buy, sell or hold any security or derivative. What you do with what you see is your own decision.

Trading carries a real risk of loss

Prices of shares, indices and derivatives can move against you quickly. Futures are leveraged: a small move can cost more than the margin you put up. Option buyers can lose the whole premium; option sellers can lose far more than they receive.

SEBI's own studies of individual traders in equity futures and options found that about nine in ten of them made net losses over the years studied. Trade only with money you can afford to lose.

Market data has limits

Market data can arrive late, be incomplete or contain errors. Some of what AXL Charts shows is worked out, not reported: NSE's trade data does not say which side was the aggressor, so buy and sell volume are inferred, and the standard methods for inferring them disagree on about one trade in six.

Lessons, case files and samples

The lessons and case files on this site describe what charts showed in past sessions. Past market behaviour does not predict what will happen next. Where the site shows sample numbers - for example bid and ask volume in an illustration - it says so; samples are not recordings.

Paper trading is not real trading

Orders placed in AXL Charts are paper orders. They are not sent to any broker, and their results leave out real fills, slippage, brokerage, charges and taxes. Good paper results are not a guide to real ones.

Before you trade

If you need advice, speak to a SEBI-registered investment adviser. Read your broker's risk disclosure documents, and the terms of use for AXL Charts.