Risk Disclaimer

Effective October 20, 2026 · Version 1 · uWave Innovations LLC

Education only

All lessons, quizzes, simulators, characters, chat messages, leaderboards and other content in IAH Guru: Trading School are provided for general education and entertainment. uWave Innovations LLC is not a registered broker-dealer, investment adviser, commodity trading adviser, futures commission merchant, introducing broker, financial planner, exchange, bank or money transmitter, and does not hold or manage anyone's money. We do not recommend, offer or sell any security, option, futures contract, currency pair, digital asset or strategy, and we do not tell you what you should buy or sell.

Examples in lessons use real market names (for example MNQ, MES, EUR/USD and Bitcoin) only to explain how things work. They are not recommendations.

No personal advice

The App does not know your finances, goals or risk tolerance, so nothing in it is personal advice. Characters such as Pip, Professor Candlewick, Rally, Stoploss Sloth and Chantel are teaching characters; Chantel is AI-generated. What they say is general education. Other users in the chat are not professionals unless they say so, and nothing they write is advice. Talk to a qualified, licensed professional before making financial decisions.

Simulated and hypothetical results

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

• The App's simulators use generated or simplified prices and virtual cash. Real markets have slippage, partial fills, outages, gaps, fees, taxes and emotions that a simulator cannot reproduce.
• Scores, ranks, win rates, streaks and "profits" in the App measure practice, not skill at real trading, and say nothing about how you would do with real money.
• The $10,000 starting balance is pretend. Virtual cash, items and prizes have no real-world value (see the Terms).

Risks of the markets taught in the App

Futures

Futures are leveraged. A small price move can cause large gains or losses, you can lose more than your initial margin, positions can be closed by the broker without notice, and fast markets or "gaps" can make stop orders fill far from your price.

Options

Options can expire worthless, so buyers can lose the entire premium quickly; time decay works against buyers; sellers can face very large or unlimited losses; spreads and implied volatility change in ways that are hard to predict.

Forex

Currency markets are highly leveraged and move on news and central-bank decisions. Retail forex traders lose money often, and leverage multiplies losses as well as gains. Brokers and regulators differ by country.

Crypto (digital assets)

Digital assets are extremely volatile, trade 24 hours a day, may be thinly regulated, and can lose most of their value suddenly. Leverage can lead to liquidation (forced closing of your position). Exchanges, wallets and projects can be hacked, fail or turn out to be scams; lost keys cannot be recovered. Be wary of anyone promising guaranteed returns.

All markets

• Past performance does not guarantee future results.
• Only risk money you can afford to lose. Do not borrow money to trade.
• Taxes and laws differ by country and change.
• Scams exist: nobody in the App will ask you to send money, buy a coin or join a paid group. Report anyone who does.

No guarantees; no testimonials

We do not guarantee that you will learn any particular skill or that you will make money. The App does not publish testimonials about trading profits, and any statement by a user about their own results is theirs alone and may be untrue.

Third-party information

Market names, symbols and other information may belong to third parties and are used only to describe how markets work. We are not affiliated with or endorsed by any exchange, broker, bank, data provider, Apple Inc. or Google LLC.

Your responsibility

By using the App you accept that you are responsible for your own decisions and that uWave Innovations LLC is not liable for any trading or investment loss. See our Terms of Service. If trading is affecting your life or mental health, please talk to someone you trust or a professional.

Questions

Contact us through the Customer Support form in the app (Preferences › Customer Support).