безопасное увеличение позиции на форексе / Риск-менеджмент в трейдинге: как управлять рисками на Форекс | LiteFinance

Безопасное Увеличение Позиции На Форексе

безопасное увеличение позиции на форексе

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; Forex

&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; Forex

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; Forex

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; $10 &#;&#;&#;. (&#;&#;&#; $5 &#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;). &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; 1a(18) &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.


Forex &#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;, &#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.


&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;. &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;.


&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;/&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;. &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#; &#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;, &#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; "&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;": &#;&#;&#;&#;&#;&#; KB &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; KB &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; (&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;). &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; FX-&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; KB, &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex.


&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; NFA &#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; Forex 1
AED5% ()5% ()5% ()
AUD3% ()3% ()3% ()
CAD% ()% ()2% ()
CHF3% ()3% ()3% ()
CNH8% ()6% ()5% ()
CZK5% ()5% ()5% ()
DKK10% ()5% ()2% ()
EUR3% ()3% ()2% ()
GBP% ()3% ()5% ()
HKD7% ()6% ()5% ()
HUF5% ()5% ()5% ()
ILS5% ()5% ()5% ()
JPY3% ()3% ()5% ()
KRW10% ()10% ()5% ()
MXN10% ()6% ()10% ()
NOK3% ()3% ()7% ()
NZD3% ()3% ()3% ()
PLN5% ()5% ()5% ()
RUB% ()% ()20% ()
SAR5% ()5% ()5% ()
SEK3% ()3% ()3% ()
SGD5% ()5% ()5% ()
THB10% ()10% ()10% ()
TRY30% ()30% ()25% ()
USD% ()% ()2% ()
ZAR10% ()7% ()7% ()

&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex


&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (Cash Forex) &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;:

  • &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;;
  • &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.
  • &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.
  • &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;) &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#; USD&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; NFA
HKD0,3%5%
USD12,5%&#;&#;&#;
EUR1,252,5%&#;&#;&#;
NZD0,810%&#;&#;&#;

&#;&#;&#;&#;&#;&#; 1: &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; = 5 ,00 USD

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (USD)
HKD 0&#; &#;80 &#;10 
USD20 0&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#; Forex-&#;&#;&#;&#;&#;&#;&#;:   HKD &#; 10  USD.
&#;&#;&#;&#;&#;: 10  USD * 5% = USD.


&#;&#;&#;&#;&#;&#; 2: &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; = 5 ,00 USD

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (USD)
HKD 40 &#;80 &#;40 &#;5 
USD35 &#;20 &#;&#;&#;&#;&#;&#;0

&#;&#;&#;&#;&#;&#;&#;&#; Forex-&#;&#;&#;&#;&#;&#;&#;:   HKD &#; 5  USD.
&#;&#;&#;&#;&#;: 5  USD * 5% = USD.


&#;&#;&#;&#;&#;&#; 3: &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; = 5 ,00 USD

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (USD)
HKD  000
USD&#;10 0000

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;  HKD &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;   HKD.
&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;10  USD &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 80  HKD.
&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (Cash Forex) &#;&#;&#;.
&#;&#;&#;&#;&#; = 0.


&#;&#;&#;&#;&#;&#; 4: &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; = 5 ,00 USD

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; Forex (USD)
HKD 0&#; &#;80 &#;10 
USD&#;10 0&#;10 &#;10 &#;10 
EUR10 0&#;&#;&#;&#;&#;&#;&#;&#;&#;
NZD21,0&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; USD &#; HKD &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; EUR &#; NZD &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; FX-&#;&#;&#;&#;&#;&#;&#;:

  • &#;10 USD vs 8 EUR. &#;&#;&#;&#;&#;: 10 USD * 2,5% = USD
  • &#;20 HKD vs 2 EUR. &#;&#;&#;&#;&#;: 2 USD * 5% = USD
  • &#;60 HKD vs 9 NZD. &#;&#;&#;&#;&#;: 7 USD * 10% = USD

&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; = USD. &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; HKD, &#;&#; &#;&#; USD.


&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;


&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; "&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;":

&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
  1. NFA &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;-&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.
  • &#;&#;&#;&#;&#;&#;&#;&#; IRA-&#;&#;&#;&#;&#; &#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.
  • &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; IBKR &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

Interactive Brokers (U.K.) Limited &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (FCA). &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; FCA &#;

Interactive Brokers LLC &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; US SEC &#; CFTC, &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; SIPC (eunic-brussels.eu);
&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; UK FSCS.

&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;" &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; IBG, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;: &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;


&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;:

  • &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;
  • &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;.




&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;: &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#; IRA &#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#; IRA. &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;" &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.

FINRA &#; NYSE &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;", &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;.

&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; Reg. T &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; VIX &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; $ &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;" &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; (a)(5) CBOE, &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; % &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; (&#;.&#;., &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; * %), &#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.


&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;:

&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;: &#;&#;&#;&#;&#;&#;&#;&#; (x, y, ..), &#;&#;&#;&#;&#;&#;&#; (x, y, ..) &#; "&#;&#;&#;&#;" (x, y, z). &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; (, , ) &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; (, , ) &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;, &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; "y", &#; &#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;, &#;&#; &#;&#;&#;&#;&#;&#;&#; "z". &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#; (20 < 0, 30, 60) &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; (net liquidation value, &#;&#;&#; NLV) &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; USD .



&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#; &#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;

&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((20% 2 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((15% 3 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((4% 2 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(0,75% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((20% 2 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((15% 3 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#; "&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#; ((4% 2 * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(0,75% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;))

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 1
&#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;-&#;&#;&#;&#; &#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.(&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;)
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
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; + &#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; + &#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#;


&#;&#;&#;&#;-&#;&#;&#;&#;&#;

&#;&#;&#;&#;-&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; - &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, 0)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.

&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;.
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;-&#;&#;&#;&#;&#;

&#;&#;&#;-&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; - &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;, 0)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;)

&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;. &#;&#;&#; &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;), &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; + &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"

&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (((10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;) + &#;&#;&#;&#;&#; &#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
(25% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; "&#;&#;&#;&#;&#;"))
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#; IRA

&#;&#;&#;



&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; > &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;,
&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; + &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;

&#;&#;&#;

&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; >= &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;,
&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; + &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#; Butterfly

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;-&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#; Butterfly
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; Butterfly Put

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;-&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; Butterfly Put
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.(&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; - &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, 0) +
&#;&#;&#;&#;.(&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; - &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, 0)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; Butterfly Call

&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;-&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; Butterfly Call
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.(&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, 0) +
&#;&#;&#;&#;.(&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; - &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, 0)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#; Box-&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; ("&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;") &#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; ("&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;"). &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;).

&#;&#;&#;&#;&#;&#;&#; Box-&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; Box-&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; ("&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;") &#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; ("&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;"). &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;. &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;).

&#;&#;&#;&#;&#;&#;&#;&#; Box-&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;.(1,02 x &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;. &#;&#;&#; &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;) &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; + &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;10% &#;&#; &#;&#;&#;&#;&#;&#;-&#;&#;&#;&#; + &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;"
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;. &#;&#;&#; &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (&#;&#;&#;&#;&#;&#;&#;&#;&#;) &#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;" + &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; "&#; &#;&#;&#;&#;&#;&#;&#;" + (10% * &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (((10% * &#;&#;&#;&#;&#;&#;-&#;&#;&#;&#; &#;&#;&#;&#;) + &#;&#;&#;&#;&#; &#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; (((10% * &#;&#;&#;&#;&#;&#;-&#;&#;&#;&#; &#;&#;&#;&#;&#;) + &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; "&#;&#;&#; &#;&#;&#;&#;&#;"),
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;)
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;/Reg T &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; - &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;
&#;&#;&#;&#;&#;&#;&#;&#; IRA &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;, &#;&#; &#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;.
&#;&#;&#;&#;&#;&#;&#;&#; IRA&#;&#;&#; &#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;


&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; (Pattern Day Trading &#;&#;&#; "PDT")

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;".



&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; (Pattern of Day Trader)
  • &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; (Day Trade)
  • &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; (Pattern Day Trader): &#;&#;&#;-&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; 4 &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; 5 &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;.
  • &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; 25 USD, &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;.
  • &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; "&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;" &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#; 4-&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; 5 &#;&#;&#;&#;, &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; 25 USD.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;


&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; "&#;&#;&#;&#;&#;&#;&#;&#;" &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; ( ET). &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; 25 USD. &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;, &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; 50 USD &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;


  • &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;. &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; "FAQ &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;".
  • &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;, &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#; PDT &#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; (FAQ).



FAQ &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;


&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;: &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#; &#;&#;&#;&#;&#;&#;&#; SEC, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;, &#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; $25 , &#;&#;&#; &#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;.

&#;&#;&#;&#; &#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;&#; &#; "&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;", &#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; "PDT" &#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;. &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;, &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#;&#;&#; &#;&#;&#;&#;&#; &#;&#;&#;&#;&#;&#;&#; &#;&#; &#;&#;&#;&#;&#;.

nest...

45691 45692 45693 45694 45695

аналитика форекс gbp кaртa мирa форекс вспомогательные индикаторы форекс как платят налоги трейдеры валютного рынка форекс лучшие индикаторы для входа индикаторы измерения температуры щитовые дмитрий котенко форекс клипaрт для форекс имхо на форексе дц форекс брокер отзывы безрисковая комбинация форекс индикаторы рынка ферросплавов