Forex Margin Management & Risk Calculator
Here is a tool that one of our traders developed (who is a CPA). It is a ZIP file.
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 tradea. 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
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