Simply download the "ZIP" file to your desktop. Then Extract Them to a file on your PC that you name.
If you do not know how to extract ZIP files - CLICK HERE.
Windows XP and Vista have a ZIP utility built in. Here is a free ZIP utility if you need one CLICK HERE.
One file is the clean template; the other has some info filled out on it as an example.
During the trading day, as trades are entered and closed it:
1. Tells you how many lots are available to trade at preset risk assumptions - all you need to do is set your opening margin balance and average stop assumption
2. Dynamically adjusts the number of lots available to trade
a. Reduces lots when trades are opened
b. Increases lots when trades are closed
c. Adjusts margin for daily cumulative gains/losses as trades are closed
d. Releases margin when stop is moved to break even
3. Documents details of each trade
a. Risk/reward ratio
b. Other details - entry, target, stop, profit/loss
c. Excel comments can be inserted to document your thoughts as the trade progresses
Click here to download the actual ZIP files
True risk management in forex trading is very often overlooked by traders at all levels. How much are you really risking per trade? Is your risk-reward ratio making you lose all your profit, and then some?
Use this free risk management software from our friends at Pecunia Systems to easily get an overview of what you are actually risking.
Risk Manager is 100% free software. You can download it below (updated July 8, 2013).
Please note that you need .NET 4.5 to run Risk Manager: Download .NET 4.5
Why not try our Forex Charting Software and Live Room Free for 10 days: all major currencies with free live training room included, tutorial library and all 4 setups. Get a Free 32 page Forex Target Trading eBook when you sign up.
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