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This free Financial astrology column for the week ahead is not the
same as our service titled :
MMA Weekly Comments and Recommendations on Financial Markets,
which is available by subscription only (read a sample with the above link).
MMA Free Weekly column for the week beginning
June 16 - 2025
Raymond A. Merriman©
Financial Market Analyst & Market Timer.
This year's printed version of Forecast 2025 will also be available in these other languages, as follows :
Chinese
Dutch
Deutsch
Japanese
Go to the sheet for Downloading the video for the Ultimate book on stock market timing.
Note 1 : The purpose of this column is to provide educational insights into the tenets of geocosmic studies as they correspond to economic, political, and socio-psychological matters, as one of several tools that in turn may assist in the practice of financial market timing. This column is not intended, nor should it be used, as an advisory service for trading financial markets, without use of other financial market analysis tools. MMA subscription reports provide that type of advisory service, with specific recommendations for trading.
Note 2 : There will be no free weekly column this week as we prepare for the annual MMA Mid-Year Financial Markets Update webinar on June 15. See Announcements below.
Review :Please note there will not be a free weekly column issued this week as we prepare for the annual Mid-Year Webinar on Sunday, June 15. Instead, we have prepared an interview with Raymond Merriman discussing highlights of this weekend's Webinar. Please watch the interview , recorded on June 10, 2025. You may also read the full interview transcript HERE . Enjoy!
Video is in French language.
.
To be continued (next week).
Announcements : for Events : see below.
Note 1 : FORECAST 2025 IS NOW AVAILABLE in paperback, eBook, and audiobook!!! .
The Forecast 2025 eBook ad M4B Audiobook are also now out! If you ordered either of these, then you should have received them by now. Here is a note received today by one reader who has already read the eBook :
"I had preordered the 2025 Forecast earlier this summer and was so excited to receive the book yesterday that I finished reading it within two days. Your work, along with the contributions of many members of your team, is invaluable to the collective understanding of mundane astrology, financial astrology, and the global climate. I couldn't imagine investing in the stock market now without ordering your forecast each and every year. Thank you for providing valuable insights into the world and national economy, the current political climate in the U.S., and the overall stock market. You approach difficult topics in our current climate with honesty, compassion, and deep respect for humanity".
MMA's annual Forecast book is an astrological-themed almanac that has served students of cycles and markets since 1976. It provides a cyclical outlook on the collective world psychology, national economy, geopolitical overview, socio-cultural trends, weather and natural calamity potential, as well as financial market projections for the U.S. stock market, the U.S. Treasury market, interest rates, Gold and Silver, currencies (the Euro, U.S. Dollar, Swiss Franc, and Japanese Yen), Bitcoin, Crude Oil, and Grain markets. Additionally, it provides the three-star critical reversal dates for each market for the year, which have an 80+% accuracy over the years for trading cycle highs and lows when given an orb of three trading days. The book is 200 pages, 8.5" x 11", and has set the standard for all astrological almanacs written today.
The cost for the print edition of FORECAST 2025 $66, but copies are limited. There are no second printings. When they are out, they are out. The eBook version is available for $55 and does not have a limit. The Forecast 2025 Audiobook is also now available for $29.99, has no limit, and can be ordered by clicking here. This audio version will not include the financial markets nor the ephemeris and geocosmic calendar for each month that will be included in the print and eBook versions. It cover the first part of the book. It makes an excellent companion when working out or driving and you can listen at your convenience.
MMA also offers a special "bundle" discount rate for those who wish to order both the eBook and printed editions of Forecast 2025 for $86.
To order Forecast 2025 now, please click here.
This year's printed and eBook versions will also be available in these languages :
German : www.mma-europe.ch or email at info@mma-europe.ch
Japanese : https ://www.toushinippou.co.jp
Chinese : www.nodoor.com
Note 2 : The perfect Holiday gift "JUPITER REPORT" - YOUR MOMENTS OF OPPORTUNITY" IS NOW AVAILABLE and makes an excellent holiday gift for your family and friends!!! This newest product is written by Raymond Merriman. It is a 30-40 page report that all traders (and even non-traders) will find to be of great value. It identifies the times during the year when Jupiter transits are highlighted in your natal chart. It delineates the meaning of Jupiter's transits to your natal planets and angles over a 14-month period (including one month before your order and one month after the year ends). Why is this valuable ? Because transits of Jupiter identify special opportunities for financial gains, success in one's career and social life, popularity, and good fortune (luck) when under harmonious aspects and used correctly. However, they can also indicate periods of misjudgments leading to losses if Jupiter is afflicted and one is not properly prepared. As an added bonus, each transit is ranked from -3 to +3 in terms of favorability for trading. Traders may find this most valuable! Would you like to know when you are under a +3 transit and, therefore, most likely to experience trading successes ? Or a -3 transit with stronger-than-usual potential for misjudgments and losses ? You betcha! The cost for your 14-month Jupiter Report is $69. Click here to order!!!.
Here is what others say about the new Jupiter Report, which was launched less than one month ago :
"I want to let you know how much I like the Jupiter Report. It is very detailed and informative! The graphs with the orb dates are very helpful". - D.M.
"The new report on Jupiter is very well done. The interpretations are insightful and inspiring, and the report itself is aesthetically pleasing and extremely informative as well as easy to read". - H.V.A.
Note 3 Get ready : The NEW monthly MMA Technology Cycles Report by Wiebke Held was issued last week. The first issue was launched three months ago and prepared readers for an imminent decline in the NASDAQ, which started immediately after that report was released. Wiebke's excellent two-year research papers were based on extensive studies of long-, intermediate-, and short-term cycles in the NASDAQ spot index (not futures). This report differs in style and substance from the other MMA monthly reports (it is more condensed and less technical). It provides an outlook not only for the NASDAQ but also for the QQQ (ETF) and specific technology stocks such as Microsoft, Google, NVIDIA, TSLA, and Apple. It will also include unique CRDs (critical reversal dates) specific to the NASDAQ, based on Held's meticulous research. Focusing on the NASDAQ is crucial because of the outsized role technology will play in financial markets - especially with Pluto already in Aquarius for the next 20 years and Uranus about to enter Gemini for seven years starting in July 2025. Additionally, much of this report will be generated by Wiebke's own AI applications. Truly, this will be an exciting report, highlighting many new features of our technology renaissance. This is the future of market timing applications in this "New Aira".
If you want to receive the next issue of this new report, sign up now by clicking here.
Note 4 : The MMA Grain Cycles Report
was issued last week.
Written by top MMA Grains Analyst Wyatt Fellows, this monthly report is a must for those who trade or farm Soybeans, Corn, and/or Wheat, as Wyatt himself does. These reports are very important now because of the approaching 36-year synodic (conjunction) cycle of Saturn and Neptune, which has a strong historical correlation to long-term cycles in all grain markets. This is a drought cycle. To subscribe to this excellent monthly report, click here.
If you trade grains or are in the farming business and need an accurate timing and understanding of when to hedge your crop, this report is not to be missed! To order, click here.
Note 5 : THE MMA WEEKLY YouTube show Geocosmic Week in Review and Look Ahead, with Gianni Di Poce, is now conducted on Wednesday evenings !. Each 5-15 minute FREE episode reviews the market activity of the past week and offers a preview of the geocosmic signatures in effect for the next week and beyond. You may subscribe to MMA's YouTube Channel today at no cost and get alerted when a new weekly episode is released! Tune in on Wednesday evenings to hear Gianni and his guests update financial markets on YouTube!
Note 6 : The May ISSUE OF THE MMA Monthly Cycles Report Plus+, edited by Pouyan Zolfagharnia, was released last week. This market letter has become a very popular addition to the MMA Cycles Report (less technical, more visual with horoscopes of current importance, high-quality analysis and update on MMA Cycles Report markets). The mid-month addendum to the MMA Cycles report has stunning graphics and charts (people love it!) and is very readable. It contains more illustrations and references to geocosmics than most MMA Cycles reports and is only available for subscription to those who also subscribe to the MMA Monthly Cycles Report. If you wish to try this month's addendum, along with the latest issue of the MMA Monthly Cycles Report, sign up online at the link above. The cost for a monthly copy of both reports is $55. That will give you both the most recent June copy of the MMA Cycles Report and the monthly MMA Cycles Report Plus+ addendum coming out this week. Sign up now and save big bucks! For further information and ordering instructions, please click here.
Note 7 :
The MMA Monthly ETF Report by Gianni Di Poce
was released last week.
Many have asked about a monthly report on Bitcoin, and the Monthly ETF Report does this via BITO, the ETF on Bitcoin. Written by MMA market analyst Gianni Di Poce, the ETF is a monthly newsletter that everyone trading ETFs is encouraged to read, especially those that seek less risky trading venues than futures. This report covers 8 ETFs on a monthly basis for readers. The ETFs include : SPY (S&P 500), GDX (gold miners), BITO (Bitcoin), TLT (+20-year Treasuries), USO (Crude Oil), XLV (healthcare), XLK (technology), and XHB (homebuilders). This is a report that was requested by popular demand and Gianni's insights and strategies are excellent. For further information, click here.
Note 8 : THE MONTHLY MMA CHINESE SHANGHAI STOCK MARKET (SSE) REPORT was issued last week. It looks like the SSE has completed its 5.5-year cycle low earlier this year with its lowest price since January 2019. And as of last week, SSE has soared nearly 17% in the past month. For information on subscribing to this report and the ETF that follows it, click here.
Note 9 : MMA'S FREE WEEKLY COLUMN IS NOW ON SPOTIFY, APPLE, AND AMAZON PODCAST! Now you can listen to a podcast of this weekly column by Thomas Miller on Saturdays ! Just follow Merriman Market Analyst on Spotify or Apple to listen to all our episodes. New Podcast episodes will be released every weekend. This is a FREE service and is available to everyone. Checkout out our Podcasts on Apple, Spotify, and Apple Music. It makes for great listening!.
Note 10 : The MMA Solar-Lunar App now offers reversal signals on the NASDAQ to all subscribers!
Now there will be four markets with daily weighted values provided, which includes DJIA, NASDAQ, Gold, and Silver.
This app is an ideal tool to have in your back pocket if you are a short-term swing trader looking for high-probability dates that identifies isolated lows and highs in the DJIA, Gold, or Silver markets. Since it was first three months ago, it has been uncannily accurate in identifying swing lows and highs in each market. It is available only on Apple products (iPhone and iPad) at this time, although we are getting close to developing it on Android phones too, maybe by the end of this year.
How does it work ? Based on historical frequencies, the higher the weighted value, the greater the probability of a swing trade reversal for the next 1-7 trading days (usually 2-5 days). Built into the app are instructions for ideal setups and explanatory FAQs. It's pretty amazing!.
P.S. : The MMA Solar/Lunar App gives each market an average of one trade per week every five trading day. The Solar/Lunar App is designed for "swing trades" looking for 2-5% moves from isolated lows or highs. If you like active trading signals based on solar/lunar combinations, the MMA App is for you!.
To learn more about the MMA App, click here. To order the app, go to Apple's App store and type in Merriman Solar/Lunar Reversals.
SPECIAL ALERT : We are working on a Bitcoin and Ethereum Luar App. Projected release date is late January-February. Stay tuned for information ON HOW TO ORDER.
Note 11 :
Note 12 : May 31 2025 - This week-end SPECIAL SIX-WEEK COURSE ON "THE BASIC PRINCIPLES OF ASTROLOGY FOR FINANCIAL MARKET TIMING" begins.
IT'S NOT TOO LATE TO JOIN this MMA'S SPECIAL SIX-WEEK COURSE ON "THE BASIC PRINCIPLES OF GEOCOSMIC STUDIES FOR FINANCIAL MARKET TIMING"
Led by Gianni Di Poce and backed up by Ray Merriman, this course - starting May 31 - is designed to teach attendees the basic principles of planets, signs, and aspects (including retrograde and direct stations) as used in MMA's market timing methodology, one of its most important tools. The course will also explain which planets and signs rule the various sectors of the economy and financial markets. In addition, it will cover how to use an ephemeris and astrological software (Solar Fire) for important routines such as calculating charts, generating transit "hit lists", and identifying signs, ingresses, planetary stations, and aspects - the essential cosmic features necessary for determining market reversal periods.
The course is especially useful for those interested in taking the MMTA4 program, which begins on September 27, and who feel their astrological knowledge is at a beginner level. However, it is open to all interested participants. The cost for this six-week introductory course is $300. Classes will be held online on Saturdays at noon Eastern time through July 12, with a break on July 5 (no class that day due to the holiday). Each class will last approximately 90 minutes, followed by a Q&A session. Recordings will be available for download within two days of each live session.
This is a great opportunity to learn basic astrology from a master economic astrologer! Click here for registration information!!! For a YouTube video explaining the class and FAQs - featuring Gianni, interviewed by Alie Schneider - please visit our YouTube channel.
Note 13 : New book on "ESOTERIC ECONOMICS" by Gianni Di Poce is out!!!.
This is an excellent book introducing the correlation of geocosmic studies to the fields of economic and financial markets. In many ways, it is the perfect book to launch one's journey into the world of financial astrology. But it is more than that. It provides an excellent description of economics and financial markets, then beautifully ties each of these fields together. It is not only a book for those beginning this journey, but one that also provides a clear understanding of how economics works, on both a practical and esoteric level.
Gianni is a well-respected MMA analyst and also served as the director and main instructor of the MMTA2 and MMTA3 (Merriman Market Timing Academy) courses from 2021 to 2024. He was specially tutored by Raymond Merriman in the MMA methodology from 2019 through 2020 for this role. Gianni also holds a Bachelors of Science in Economics from the University of Michigan.
The cost of this excellent 288-page book is $55 for the softcover or $60 for the hardcover, plus postage. It is also available as an eBook (no postage) for $50. To order, click here.
Our monthly MMA Cycles Report : The monthly edition of the MMA Montly Cycles Report (ICR) and its companion MMA Japanese Cycles and MMA European Cycles reports
was released last week,
via posting on our web site, or attachment via direct emails, for subscribers.
If you are subscriber to any these monthly reports and did not receive it, let us know at once via our email or our email.
With the Sun/Uranus conjunction cycle due the next weekend - May 16-19 - and the important Jupiter square Saturn/Neptune conjunction in mid-June - this will be an important issue for intermediate-term investment planning - especially regarding the U.S. stock market and Gold. Each issue includes our outlook for the U.S. stock market, Gold, Silver, Copper, Treasuries, the Euro currency, Crude Oil, and Soybeans. The MMA Monthly Cycles Report also provides MMA's original geocosmic critical reversal dates (CRDs) and solar/lunar reversal dates for traders over the next several weeks, as well as trading strategies for position traders.
- This report covers our long term analysis of the stock market (DJIA and S&P futures), Gold, Silver, T-Notes, Euro and Swiss Franc currencies, grains and crude oil. It also provides the list of geocosmic and solar-lunar reversal zones for the 1-2 months. This report comes out Monday night to subscribers.
- The MMA Japanese Markets Cycles report covers the Nikkei, JGB Bonds, and the Dollar-Yen.
- The new MMA Europe Cycles report covers the German DAX, Swiss SMI, and Netherlands AEX stock indices, each in english only and will be available on Wednesday.
One month trial subscriptions are available for this service for $35.00, which includes the current issue.
For subscription information, please go to our web site, or call us at 1-248-626-3034. If you are not a subscriber, you can check this service out on a one month trial basis for only $35.00, or save by ordering a 30-months or one year subscription.
MMA's annual Forecast Book : see above
Upcoming Events :
June 15, 2025 : at noon EDT (9 AM PDT, 5 PM Greenwich), the Annual MMA Mid-Year Market Webinar with MMA Market Analysts !!! In the comfort of your own home or office, you can tune into MMA's annual Mid-Year Financial Markets Update Webinar. This broadcast will be hosted by Raymond Merriman and will include updates for the next several months from top MMA market analysts as follows: Bitcoin (Merriman), NASDAQ (Wiebke Held), S&P and T-Notes (Gianni Di Poce), Euro (Ulric Aspegren), Silver and Crude Oil (Pouyan Zolfagharnia), and Gold and Soybeans (Wyatt Fellows). This webinar will last approximately four hours (about 20 minutes per market plus Q&A), with two five-minute breaks. The cost is $66, which includes access to the live presentation via Zoom, the slides of the presentation, plus the video recording of the live event 24 hours after the presentation. This is MMA's once-a-year midterm market update. If you are unable to attend live, the video recording will be available the following day. To register, click here.
June 15 2025 : THE ANNUAL MMA "MID-YEAR MARKET UPDATE" will take place on Sunday, June 15, starting at noon, EDT. It will last approximately 4 hours . This will be just in time for the powerful Jupiter square Saturn/Neptune event that week. Save the Date! Details for registration will be announced in the next week.
September 27 2025 : THREE MORE WEEKS UNTIL THE FIRST CUT-OFF DATE!!! REGISTRATION FOR THE TWO-YEAR MERRIMAN MARKET TIMING ACADEMY (MMTA4) IS NOW UNDERWAY!!! SIGN UP BY THE FIRST CUT-OFF DATE (JULY 1) AND SAVE BIG BUCKS. This highly valued two-year educational and training program, created by Raymond Merriman (CTA), is an experience that will change your life and the way you view financial markets. Yes, the course is challenging, but it is also incredibly exciting! Through this program, you will learn how to identify where the market is at any given point in time - and which trading or investing strategy to apply.
The eight-course program includes six to eight Zoom meetings per course - over 100 hours of live instruction and interaction - with instructors Wiebke Held and Raymond Merriman, along with special guest MMA analysts such as Pouyan Zolfagharnia, Gianni Di Poce, Wyatt Fellows, Derek Panaia, and Kat Powell.
The classes will meet on Saturdays, approximately 20 times per year, at noon Eastern time, starting on September 27. There are one-month breaks between each course and a two- to three-month summer break. The program also includes at least one live, in-person (or optional online) weekend session, plus a voluntary review session after each course, held prior to the exam for those wishing to receive a certificate of completion. There is nothing else as comprehensive in the field of market timing as the MMTA program! It covers MMA's market timing methodology for long- and intermediate-term investing, as well as position trading and aggressive short-term trading.
Acceptance into the MMTA requires an interview prior to enrollment. If you are interested in exploring whether the MMTA is right for you, please let us know, and we will schedule a time to talk. To register or inquire about the MMTA4 program, click here. The cost for the entire two-year course is $25,000. A 10% discount is available for those who sign up by July 1. Other payment plans are available upon request.
Here are just a few of the many very positive reviews from graduates of the last MMTA3 program (2023-2024) :
I wanted to express my deepest gratitude for generously sharing your knowledge and teaching it. As you know, I am fairly new to trading and joined MMTA3 to learn a system to approach the stock market. Starting the year, I set myself the goal of doubling the money that I had in my trading account, thinking at the time that this was impossible to do. Thanks to the knowledge and tools MMTA3 teaches, I was actually able to accomplish this goal! In fact, I even exceeded it. - W.H., Germany
Thank you, Ray and Gianni, for the fantastic course material and support. I have made money - and every dollar for the courses was paid back and more! - J.L., Netherlands.
This course was truly mind-blowing! I learnt in abundance. Thank you all for sharing the excellent trading data and knowledge. This course is worth more than a college degree - and at a fraction of the price, too. - K.L., Australia.
My perspective on the markets - and perhaps life - has changed dramatically since being gifted the privilege of joining MMTA2. I am extremely grateful for having been given the opportunity to learn directly from you. - K.M., USA
Doing these research projects and really dissecting the markets during this course has allowed me to trade very successfully over the past year. It is extremely rewarding to do the work and then watch it unfold according to plan. - W.F., USA.
June 2025 : LAUNCH OF THE NEW MONTHLY MMA CYCLES CRYPTO REPORT!!! The editor will be MMTA graduate and former Bitcoin miner Jeremy Osting. This new monthly report will cover the cycles and geocosmic outlook for Bitcoin, Ethereum, Solana, Cardano, and XRP. Details will be announced shortly! Stay tuned.
I am oftentimes asked for recommendations of a money manager who uses my methods, since I won't manage other people's money. The thing is, almost all money managers I know use their own systems. But many subscribe to my services and share my thoughts about the future of the economy, various financial markets, and how to position one's portfolio along these lines. One money manager who subscribes to our services that I would suggest for those looking to structure a longer-term portfolio, such as a retirement account, is Duke O'Neill of Boulder, Colorado. He can be reached at dukeoneil1@gmail.com, or 1-(303) 545-5837. For those looking for a professional trader of commodity and futures contract might consider Ted Lee Fisher at ted.fisher@comcast.net. Ted is a legend in financial futures and has a seat on the CME. Both are very knowledgeable of the tools I use, of the way I am looking at markets, and yet each makes their own decisions as to exactly when to enter and exit any market. They will be more than happy to assist you.
To the above list, I would also like to recommend long-term MMA subscriber Erwin Brunner of Zurich, Switzerland. Mr. Brunner is the founder of BrunnerInvest AG. One of his five funds was awarded theBest in-house fund of funds in the world recently. Mr. Brunner is a former director of the Swiss Banking Corporation (today it is known as UBS), and a general director of Rothschild Bank in Zurich. As an independent wealth manager for high net worth individuals and institutional clients only, he places his clients into the funds of the best performing fund managers in the world, via his own research and experience. For high net worth readers interested in Mr. Brunner's funds, please contact him through www.brunnerinvest.ch.
It is with great pleasure that I announce the addition of Egon von Greyerz to MMA Investment Retreat faculty of presenters. I met Egon last week in Girona, Spain, at a special gathering attended by MMTA Graduates Nitin Bhandari (India), Philipp Beyer (Germany), Henry Canciglia (USA) and myself. Egon is an expert on Gold. He owns Matterhorn Asset Management, a Swiss Asset Management company specializing in wealth preservation, located in Zurich ( www.goldswitzerland.com). He was also the person who initiated the ..Save Our Swiss G...Act in Switzerland late last year, which would have required the Swiss National Bank to back up their assets with 20% Gold holdings. The initiative failed, but his reasons for initiating this effort are still valid. Egon is very interested in MMA cycles' work, and will share his outlook on Gold and the world debt. This is a real treat!
The newly revised The Sun, The Moon, and Silver Book : Secrets of a Silver Trader, is now out. This is a book that you will use as a reference guide for...many, many years. It identifies all the key Sun-Moon combinations that have a higher (and lower) than expected probability of correlating with 4% or greater reversals in COMEX Silver. It also identifiesBig Range Days - those days in which the range of Silver is most likely to be 3.5% or more of the price of Silver, which is a great tool for day traders. This book fulfills the dream of all traders : high probability winning trade possibilities, with minimal market exposure. It is thatextra edge. And Silver is a great market to trade now. The cost is $125.00. For ordering on line.
The new book titled Solar-Lunar Keys to Gold Prices : Secrets of a Gold Trader, is now out. The long awaited sequel to the Secrets of a Silver Trader is due out in late October (maybe before)!!!
Now, GOLD as you have never seen it by night or day. The studies for the soon-to-be-released book are now completed and the results are now being used in the weekly and daily MMA subscription reports for short-term trading strategies in Gold. That's right... historically tested Solar-Lunar Correlations to trading reversals in the Gold Market - as only available from Raymond Merriman. The studies cover over 40 years of daily Gold, starting from December 31, 1974 through April 2015. The book will change how you approach trading Gold using these leading solar-lunar indicators, with very clear instructions as to whento expect 3%, 4%, or greater reversals in Gold prices and how to trade them. It will be a valuable guide for short-term traders of Gold, GLD, and other ETF's involving Gold prices. You may call 1-248-626-3034 or email ordersmma@gmail.com and place your pre-order now. It is also now available for purchase on the MMA web site at www.mmacycles.com. Order now and get the first printing of this new book on trading Gold!
Disclaimer and statement of purpose : The purpose of this column is not to forecast the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will often cite what happened in various stock and financial markets throughout the world in the past week and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author's understanding of how these signatures may affect human activity in the times to come. The author (Merriman) will do this from the perspective of a cycles analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in from an astrological perspective. The hope is that it will help the reader understand the psychological dynamics that underlie (or coincide with) the news events and their potential effect on financial markets.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.
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