Hello all,
I am new to trading but I have put many hours into reading this forum and the advise of the professionals. The first and most stressed advise given by any of the professionals is Money Management.
There is a particular thread by Diallist that goes over the calculation for how many blocks you should buy given a specific account risk. I do not find these calculations to be hard by any means, but I can see where new people shortcut this step. Therefor, I have made a simple but useful calculator for myself and my wife (I do not trust her to calculate risk assessment ). If there are any errors in this calculator, please tell me and I will fix it.
So if anyone else would like to use it, I have attached it to this post. I made it in excel, and anyone without excel can download OpenOffice (A free Office clone from Sun Microsystems).
Also, It would be cool to have a Forum dedicated to forex tools. Calculators, MT4 Templates, MT4 EA's, etc...
Thanks for the great forum, I am learning a ton. Trading a demo account at the moment, but hope to start a mini account soon.
Que
I am new to trading but I have put many hours into reading this forum and the advise of the professionals. The first and most stressed advise given by any of the professionals is Money Management.
There is a particular thread by Diallist that goes over the calculation for how many blocks you should buy given a specific account risk. I do not find these calculations to be hard by any means, but I can see where new people shortcut this step. Therefor, I have made a simple but useful calculator for myself and my wife (I do not trust her to calculate risk assessment ). If there are any errors in this calculator, please tell me and I will fix it.
So if anyone else would like to use it, I have attached it to this post. I made it in excel, and anyone without excel can download OpenOffice (A free Office clone from Sun Microsystems).
Also, It would be cool to have a Forum dedicated to forex tools. Calculators, MT4 Templates, MT4 EA's, etc...
Thanks for the great forum, I am learning a ton. Trading a demo account at the moment, but hope to start a mini account soon.
Que
Attached File(s)
Money Management Calculator.zip
8 KB
|
12,127 downloads
Que