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
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Once you are done with a 7 day test drive you might want to take a free 10 day charting software demo. Wow, that will give you 17 days in a live room with no cost. You'll still have access to both the London and New York session live rooms with an experienced trader and will now access to tons of free training tutorials as well as our 6 beginning Target Traders videos. Take the plunge and start your Forex Target trading journey now!
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