In the
calculation of money management on trading today is no longer done manually but
it is mostly done automatically by certain software even be done through a Microsoft Excel spreadsheet.
In this way your trading lot calculation becomes more accurate and efficient.
There are several forms for forex money management calculator spreading on the Internet but in this article and also a spreadsheet that I usually use on my trade is an money management spreadsheet that is made by IndraFX, A professional trader from Indonesia who are very famous in Indonesian trading forums. This guy is very famous because of his phemonemon scalping strategy that can turn $ 1000 into $100.000 just in one night. Sound fantastic doesnt it ?
Here is an
example of money management calculator in MS Excel spreadsheet that I use
artificial IndraFX everyday :
It is clear
in the table above shows a complete money management to us. On the TP you can
fill it with the amount of pips from your daily target then your trading lot
size will appear according to the capital that you fill in the balance column
and the percentage of capital that you want to traded. Besides this direct
spreadsheet automatically calculates up to 12 months of trading so it will be
easier for you to make a plan about your compounding trading plan for up to 12 months.
I think the
explanation for the Forex money management calculator in it enough to get here
and it will be better if you can try it out immediately. Please download here
for Forex Money Management Calculator in Spreadsheet
Description: Download Forex Money Management Calculator In Excel SpreadSheet
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hey you have share nice explanation related to Effective Money Management in Forex
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