Forex Risk Management Tool: The Forex Useful MT4 Risk Manager

Forex traders fail when they don't use proper risk management tools and techniques. This webinar shows you how you can manage your forex trading risk quickly and accurately using our MT4 Risk Manager. https://forexuseful.com/new/members/21812-pro-membership This risk management tool allows you to preset the % amount you wish to risk per trade in advance. Then, when you go to open a new trade, the Risk Manager automatically calculates your lot size for you. If you maintain the same presets for every trade (it is recommended that you do), you can open a new risk-adjusted trade in as little as 2 clicks. The Forex Useful MT4 Risk Manager is easy to set up and you can complete the installation process in less than 3 minutes. Many traders, including successful hedge fund managers such as Larry Hite, recommend using a fixed % per trade (no more than 1% mostly). Using this approach you can: * reduce losses during losing streaks (as opposed to using a fixed position size) * increase gains during winning streaks (as opposed to using a fixed position size) * reduce volatility across your equity curve (which will increase your longevity in the markets) * help you to successfully navigate your way through difficult periods in your trading. The reason why most forex traders fail to control their risk management is because for every trade they open in MT4, they have to enter a lot size into the Volume Box in the “New Order” screen. This figure will vary greatly depending on what currency pair they are trading, how far away from the entry price their stop-loss is, the amount they want to risk on the trade, etc. But rather than do the proper risk calculations before opening the trade, traders just tend to put a figure in the Volume Box based on a guess. (This is an extremely poor approach to position sizing and risk management. You'll be punished by the market if you do your risk management/position sizing this way.) Almost always the number the trader enters into the Volume Box will be too big. This means that they are risking too much on the trade, which increases the chances of an unexpectedly large drawdown (often these unexpected drawdowns are too big for the trader to recover from, and they bust their account). It is less frequent, but also possible, that the trader enters a position size that is too small. That means that for trades that are successful, they are not making as much money from them as they should be. Both circumstances are sub-optimal and both contribute to the huge number of bust accounts experienced by retail forex traders. The Forex Useful MT4 Risk Manager ensures that trader stick to simple and sound risk management principles. If you install this risk management tool, you will have: - No more manual calculations to do (all calculations are done automatically) - No more having to change lot size because the market has moved away from your entry price before you get your trade opened - No more guessing what lot size to use - No more nasty surprises after you open a trade and realise it was far bigger than you meant it to be (and then praying that the trade goes your way) - No more worrying that your risk management is wrong - you can just set it up and then get on with executing your trading strategy - your risk management will be taken care of in the same way that many successful hedge funds managers manage risk. So, how do you get your hands on this forex risk management tool? Well, the best thing about the Forex Useful MT4 Risk Manager is that is completely free to all Forex Useful Pro Members. If you are a Pro Member, just drop us an email and we will send your copy of the Risk Management Tool straight to you. If you are not yet a Forex Useful Pro Member, you can join to get access to our entire library of forex trading strategies, MT4 Indicators, MT4 Scanners and educational video courses. You can find further details here: https://forexuseful.com/new/members/21812-pro-membership #ForexRiskManagement #RiskManagementTools

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