Terms and conditions

Please read all of the following Terms and Conditions (“Terms”) for this website before using this website. By continuing to access, link to, or use this website, or any service on this website, you signify your acceptance of the Terms and Conditions.

These Terms of Use are a binding agreement between you and SelectedAlpha.com. Your access to and use of SelectedAlpha.com, its “Active FX” and “Active Macro” analytical services constitutes your acceptance of these Terms of Use and any other legal notices and statements contained on SelectedAlpha.com. SelectedAlpha.com may modify these Terms of Use at any time and without prior notice.

Your continued access to and use of SelectedAlpha.com and “Active FX” and “Active Macro” analytical services constitutes your acceptance of these Terms of Use as modified.

Your use of SelectedAlpha.com is subject to these Terms of Use:

Risk Warning

You acknowledge and agree that by their very nature, any investment in financial instruments is of a random nature and, therefore, any such investment constitutes a risky investment that is your sole responsibility. The financial instruments analysed by SelectedAlpha.com are high-risk instruments that can fluctuate significantly and present a risk of capital loss. These instruments are intended for experienced investors with specific knowledge, aware that the risk of loss can be up to the total amount invested or even exceed the initial investment. Before making any investment decision, investors should contact their financial adviser to verify the suitability of the investment.

Foreign Exchange Risk Warning

Transactions in Foreign Exchange contracts carry a high degree of risk, and may not be suitable for all investors. The “gearing” or “leverage” often obtainable in Foreign Exchange trading means that a relatively small market movement can lead to a proportionately much larger movement in the value of your liability. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Intellectual Property

This Website and all of the content it contains, or may in the future contain, including but not limited to “Active FX” and “Active Macro” analytical services, text, content, reports, graphics, charts, trading systems, indicators, designs, information, applications, as well as the trademarks, service marks, trade names, trade dress, copyrights, logos, domain names, code, patents and/or any other form of intellectual property (collectively, the “Service”) that relates to this Website, are owned by SelectedAlpha.com. You agree to abide by all applicable copyright and other laws.


When you access to this site, Please check if the content on this site does not violate the regulation in your residence country before using instruments or service on our web site. Our website, Active FX” and “Active Macro” analytical services are available only in case their use is legal in your residence country.

Nothing on SelectedAlpha.com shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

Market Opinions

Any opinions, ideas, news, research, analyses, prices, or other information contained on SelectedAlpha.com is provided as general market commentary, and does not constitute investment advice. SelectedAlpha.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

No Investment Advice

SelectedAlpha.com, “Active FX” and “Active Macro” analytical services are not intended to provide legal, tax or investment advice. All information on this website is for educational purposes only and is not intended to provide financial advice. Nothing contained in SelectedAlpha.com is intended to constitute investment, legal, tax, accounting or other professional advice and you should not rely on “Active FX” and “Active Macro” analytical services or other information provided on or accessible through SelectedAlpha.com for making financial decisions. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on
your personal investment objectives
, financial circumstances and risk tolerance. You should consult with an appropriate professional for specific advice tailored to your situation and/or to verify the accuracy of the information provided herein prior to making any investment decisions. SelectedAlpha.com is not providing any legal or financial advice.

Our “Active FX” and “Active Macro” analytical services, analytical reports on the website should be used as learning aids only and should not be used to invest real money. If you  decide to invest real money, all trading decisions should be your own.

No Solicitation

This website is neither a solicitation nor an offer to buy/ sell any financial instruments. The content published on SelectedAlpha.com and distributed via “Active FX” and “Active Macro” analytical services is solely for informational purposes and is not to be construed as solicitation or any offer to buy or sell any spot currency transactions, financial instruments or other securities.

Automated Technical Analysis

All the analysis provided on this Website is automatically generated by the mathematical analytical models developed by and proprietary to SelectedAlpha.com. All the analysis is full posted to the Website as is generated by our analysis models, in unmodified form, and is not edited by humans prior to being uploaded to the Website. This analysis is only intended to assist the investor. Price setups/ideas mentioned on the Website are the starting points for your own research to identify opportunities that make sense for you.

The decision to invest or not always ultimately falls into the investor. Investors are clearly advised that at no time does SelectedAlpha.com decide on their personal wealth and financial situation, or on the level of risk they would be willing to bear. SelectedAlpha.com does not exercise, in this context, a Financial Advisory service. All information is of a “General” nature and can not, under any circumstances, represent any personalized information or advice or any solicitation or inducement to the public to buy or sell financial instruments.

Hypothetical Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect actual trading results.

Accuracy of Information

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. SelectedAlpha.com has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

Site Updates

We update the Website on a daily basis, when markets are open and therefore the Website is not updated on weekends. “Active FX” and “Active Macro” analytical services are continuously updated on an intraday basis through the trading week.

Third Party Links

Third Party Links Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. SelectedAlpha.com neither endorses nor guarantees offerings of the third party providers, nor is SelectedAlpha.com responsible for the security, content or availability of third-party sites, their partners, or advertisers, nor is SelectedAlpha.com liable for any failure of any products or services offered or advertised at such linked site.

SelectedAlpha.com disclaims liability for any information, materials, products or services posted or offered at any such linked sites. You are responsible for viewing and abiding by the privacy statements and terms of use posted at such linked site.


All content at SelectedAlpha.com is subject to and protected by the international copyright laws. Use of SelectedAlpha.com is subject to making fair use only in accordance with these laws. You may not without SelectedAlpha.com’s prior written permission alter, modify, copy,reproduce,perform, publish, license, reverse engineer, create derivative works from, transfer, retransmit, distribute or commercially exploit any materials from SelectedAlpha.com Site.

The SelectedAlpha.com ,“Active FX” and “Active Macro” analytical services, “Pivot Watcher”, “ Candle Radar”, “Bands Monitor”, “Golden Levels” and all the research methods contained in these services are original works of authorship published by SelectedAlpha.com. SelectedAlpha.com has the exclusive rights to reproduce, display, prepare derivative works or distribute. The names, logos, trademarks, copyright and all other intellectual property rights in all of the material and

Disclaimer And Limitation Of Liability

You agree that your use of the Service is at your sole risk and acknowledge that the Service is provided “as is” and “as available,” and that SelectedAlpha.com makes no warranty of any kind, express or implied, as to the Service, including, but not limited to, merchantability, non-infringement, title, or fitness for a particular purpose or use. SelectedAlpha.com does not warrant that the availability of or the functions contained in this Website or the Service will be uninterrupted or error-free, that defects will be corrected, or that this Website or the server that makes it available are free of viruses or other harmful components or that this Website, the Service or server do not violate any patent or other intellectual property rights of any person or entity. SelectedAlpha.com does not warrant or make any representations regarding the use or the results of the use of this site or the service in terms of their correctness, accuracy, reliability, or otherwise. You (and not SelectedAlpha.com) assume the entire cost of all necessary servicing, repair, or correction. It shall be your own responsibility to ensure that any products, services or information available through our Service meet your specific requirements.

SelectedAlpha.com does not warrant that the Service is compatible with your equipment or that the Service, or e-mail sent by SelectedAlpha.com or its representative, is free of errors or viruses, worms or “Trojan horses,” or any other harmful, invasive, or corrupted files, and is not liable for any damage you may suffer as a result of such destructive features.

You agree that SelectedAlpha.com and its owners, partner brokers, suppliers, agents, directors, officers, employees, representatives shall have no responsibility or liability for: (i) any injury or damages, whether caused by the negligence of SelectedAlpha.com, its owners, suppliers, agents, directors, officers, employees, representatives, or otherwise arising in connection with the Service and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages, or any claim against SelectedAlpha.com by any other party; or (ii) any fault, inaccuracy, omission, delay, or any other failure in the Service caused by your computer equipment or arising from your use of the Service on such equipment.

You acknowledge that: (i) the Service is provided for information purposes only and is not intended for trading purposes; (ii) SelectedAlpha.com does not guarantee the sequence, accuracy, completeness, or timeliness of the Service;  (iii) none of the information contained on this site constitutes a solicitation, offer, opinion, endorsement or recommendation by SelectedAlpha.com to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment; and (iv) the information provided on this site is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

SelectedAlpha.com, its owners, partner brokers,  suppliers, agents, directors, officers, employees, representatives, shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (a) inaccuracies or errors in or omissions from the Service including, but not limited to, quotes and financial data; (b) delays, errors, or interruptions in the transmission or delivery of the Service; or (c) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

Under no circumstances, including but not limited to negligence, shall SelectedAlpha.com, its owners, suppliers, agents, directors, officers, employees, representatives be liable to you for direct, indirect, incidental, consequential, special, punitive, or exemplary damages even if SelectedAlpha.com has been advised specifically of the possibility of such damages, arising from use of or inability to use the service or any links or items on the service or any provision of the Terms, such as, but not limited to, loss of revenue or anticipated profits or lost business. In no event shall SelectedAlpha.com’ total liability to you for all damages, losses and causes of action (whether in contract or tort, including but not limited to, negligence) exceed the amount paid by you, if any, for accessing this Website.


You agree to defend, indemnify and hold harmless SelectedAlpha.com its owners, partner brokers, suppliers, agents, directors, officers, employees, representatives and attorneys for any loss, liabilities, damages, costs or expenses, including reasonable attorneys’ fees, resulting from any third party claim, action, or demand arising out of or related to (i) your access to and use of this Website, Active FX” and “Active Macro” analytical services or the Services; (ii) your breach or violation of any term, condition, representation or warranty contained in the Terms; and (iii) your violation of regulation, or any other person’s rights, including but not limited to infringement of any intellectual property, proprietary, or privacy right of any third party.

No License

You acquire absolutely no rights or licenses in or to the Service and materials contained within the Service other than the limited right to utilize the Service in accordance with the Terms. Should you choose to download content from the Service, you must do so in accordance with the terms and any applicable license agreement. Such download is licensed to you by SelectedAlpha.com only for your own personal, noncommercial use in accordance with the Terms and does not transfer any other rights to you.

Premium Subscriptions

Selected Alpha provides access to Premium Analytics services (Active FX” and “Active Macro”) to qualified registered users of our website. The Premium Active FX” and “Active Macro” analytical services are available for free for the duration of 6 months – upon completing the requirements listed at this page. We reserve the right to cancel Premium Subscription if we become aware that the subscriber is sharing the access with the other users/ has already had another trial subscription in the previous 12 months. We reserve the right to cancel Premium Subscriptions without prior notice.

Cancellations by us: SelectedAlpha.com’ reserves the right to suspend or terminate your subscription if you breach these terms and conditions, with or without notice and without further obligation to you. We may also suspend or terminate your subscription if we are prevented from providing services to you by circumstances beyond our control.

If you are a registered user, but not a subscriber, SelectedAlpha.com’ reserves the right to suspend or terminate your registration at any time, with or without notice and without further obligation to you. If you would like to cancel your registration then please contact our customer services team at [email protected].

Privacy policy

Protecting the privacy and safeguarding the personal and financial information of our clients and Web site visitors is one of our highest priorities. The following Privacy Policy explains how we collect and protect your information.

What information do we collect?

We collect information from you when you register on our site or subscribe to our newsletter.

When ordering or registering on our site, as appropriate, you may be asked to enter your: Full name or e-mail address. You may, however, visit our site anonymously.

What do we use your information for?

Any of the information we collect from you may be used in one of the following ways:

To send periodic emails

The email address you provide may be used to send you information, respond to inquiries, and/or other requests or questions.

How do we protect your information?

We implement a variety of security measures to maintain the safety of your personal information.

Do we disclose any information to outside parties?

We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety.

Third party links

Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

Your authority to agree to these terms

You represent, warrant and covenant that: (i) you have the power and authority to enter into this agreement; and (ii) you are at least eighteen (18) years old.

User Consent To The Terms And Conditions

You represent that you have read and agree to be bound by the Terms.

Contact us

If you have any questions about these Terms, please contact us at [email protected]

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