License Agreement

SOME OF THE TRADE EXAMPLES IN OUR COURSES AND NEWSLETTERS AND NEARLY ALL OF THE HISTORICAL EXAMPLES CONTAINED IN THE MARKETING MATERIALS INCLUDE HYPOTHETICAL EXAMPLES FOR ILLUSTRATION PURPOSES.

Although we do not provide any futures information on this site, the CFTC provides an excellent description of the limitations of hypothetical trades and, therefore, we are providing it to you:
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

FMR, ITS PRINCIPLES AND EMPLOYEES TRADE STOCKS, MUTUAL FUNDS, FUTURES, AND OPTIONS FOR THEIR OWN ACCOUNTS AND RESERVE THE RIGHT TO CONTINUE TRADING FOR THEIR OWN ACCOUNTS. FMR, its principals and employees will not knowingly trade in advance of the general dissemination of trading ideas and recommendations, unless it is explicitly stated. There is, however, a possibility that when trading for these proprietary accounts, orders may be entered which are opposite or otherwise different from the trades and positions described herein. This may occur as a result of the use of different trading systems, trading with a different degree of leverage, or testing of new trading systems, among other reasons. The results of any such trading are confidential and are not available for inspection.

ALL MATERIAL PROVIDED BY FMR IS BELIEVED TO BE RELIABLE, BUT FMR MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. ALL MATERIAL IS PROVIDED "AS IS". Due to the number of sources from which we obtain information, and the inherent risks of distribution, there may be omissions or inaccuracies in such information and services. FMR, its employees and contributors take every reasonable step to insure the integrity of the data. However, FMR, its owners and employees and contributors cannot and do not warrant the accuracy, completeness, currentness or fitness for a particular purpose of the information contained in our products and services.

OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

The descriptions of the various trading methods taught and used by FMR describe the objectives of each. There are no guarantees that the stated objective will be met.
Recommendations and opinions contained in our products and services reflect the judgment, as applicable, of FMR as of the date hereof, are subject to change, and are based on certain assumptions, only some of which are noted herein. Different assumptions could yield substantially different results. You are cautioned that there is no universally accepted method for analyzing financial instruments, including options. Further, FMR does not guarantee any results and there is no guarantee as to the liquidity of the instruments involved in its analysis. FMR, and its affiliates, and its respective officers, directors, shareholders and employees may sell or purchase, for their own account or for customers, positions in options, securities, futures contracts, or derivative instruments which may be similar or different from the positions referred to herein. Neither the information nor the recommendations and opinions expressed herein constitutes an offer to sell or buy any option, security, futures contract, or derivative instrument.

As a matter of policy, FMR does not give tax, accounting, regulatory or legal advice to clients. Clients therefore should consult their own advisors regarding the tax, accounting and legal implications of the recommended strategies before transactions are effected.

Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document are available from your broker or can be downloaded from http://www.optionsclearing.com/publications/risks/riskstoc.pdf. The OCC Prospectus contains information on options issued by The Options Clearing Corporation. Copies of both documents are available from:

The Options Clearing Corporation
One North Wacker Drive
Suite 500
Chicago, IL 60606

This is not an offer to buy or sell options or securities and does not constitute an endorsement by the OCC. It is provided as a convenience to you.

ODDS® is a registered trademark of Donald M. Fishback, Jr. ODDS - The Key to 95% Winners(TM), Options Wizardry From A to Z(TM), ODDS Online(TM) and Profit Power Weekend(TM) are trademarks of Fishback Management and Research, Inc. All other trademarks appearing on this web site and in our product manuals are trademarks or registered trademarks of their respective companies.

ACKNOWLEDGEMENT AND AGREEMENT: Notwithstanding any other communications between Fishback Management and Research, Inc. ("FMR") and its customers and prospects to the contrary, receipt or use of any material provided by FMR, at any time, distributed via any method, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions:

Copyright © 2009 Donald M. Fishback Jr. All Rights Reserved. None of the content including text, graphics, sounds, or any other content on this site may be copied or redistributed without written permission from Donald M. Fishback, Jr.