Risk Management Software for Forex Traders

July 7, 2013  |  Profitable Trading, Risk Management  |  Comments Off on Risk Management Software for Forex Traders

The awesome guys at Pecunia Systems just released a free risk management tool for Forex traders and it’s really neat. It’s a powerful risk calculator with a twist, as it shows you exactly how much you are risking and making on your trades, and it’s especially good if you are scaling out. Click on the image to download.
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Risk Management with MetaTrader 4

June 12, 2013  |  MetaTrader 4, Risk Management  |  Comments Off on Risk Management with MetaTrader 4

Did you know that most traders don’t use proper risk management at all, and this is the main reason their account gets creamed fairly quickly?

So many traders are opening orders purely based on lotsize, without taking into consideration how much risk that lotsize actually is. If you place a 1…

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