There are many forex trading software platforms out there - the choices are as endless as the possibilities in trading itself. One of the latest forex trading software programs, the Forex Position Allotment Calculator, from My Forex Edge, LLC, may make the trader's duties less stressful. The company principals are forex traders who happen to be marketers and software developers. Director Milan Stevanovich says that as a trader, he noticed other traders creating "homegrown" calculators and tracking systems. He established My Forex Edge, LLC with the hopes of creating an efficient platform that included some of the "homegrown" elements of the traders themselves.
The result is a forex position calculator created from traders' real experience - including successes and failures. The two key benefits of the Forex Position Allotment Calculator are its ability to prevent overleveraging and to remove emotion from forex trading. The Calculator gives the trader a snapshot of account dollars, maximum risk, and dollar risk - all at the same time. With this feature, the trader is able to avoid overleveraging and maintain untouched money.
Forex traders know that 90% of losses are caused by an over-emotional involvement in trading. The Forex Position Allotment Calculator introduces what Stevanovich calls a "set it and forget it" design, in which the trader can set buy and sell prices, stop prices, and limits without having to persistently manage trades. There is no manual writing and inputting of risk percentages with this design, either. The "set it and forget it" feature helps take fear and greed out of trading - and gives the trader a better idea of how to trade more efficiently.
Day traders, swing traders, and position traders are using the new Forex Position Allotment Calculator, according to Stevanovich. He also says that traders, on the average, have increased gains by 25% using the new calculator. Stevanovich adds that because of the input system on the Forex Position Allotment Calcuator package, errors are greatly reduced. "Using the Forex Position Allotment Calculator," he says, "can save you ten times the amount of an error." Experienced forex traders know that small mistakes, in addition to emotional trading, can cause large losses.
The Forex Position Allotment Calculator also offers traders something that other systems may not: a lower price. The Calculator package costs only $97 and can be downloaded from the company website (www.myforexedge.net). Stevanovich goes on to say that there are no monthly fees and no renewal fees for users of the Forex Position Allotment Calculator. Forex traders are always on the lookout for software or calculators that will help them master the forex "Holy Grail" - the risk and reward of trading. The new Forex Position Allotment Calculator, according to Stevanovich, allows traders to do just that because they will learn how to be better forex traders, earn greater returns, and maintain a balanced and emotion-free portfolio.
Article Source: http://EzineArticles.com/?expert=Chris_Amisano
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