In the search for effectiveness in the trade we are in need of several tools that can help us in the trade so that our trading performance will be better . One of them is in determining the money management calculation . Basic calculation skills are needed here so it can help you more easily in the calculation of lot size that you would traded . However, The Advance of technology today which in earlier times trading just can be done through the phone line but now it can be online via the Internet so that it can reach more people and more time effeiciency in trading .
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
