Manage Risk
Strict Risk Management and Money Management strategies are vital components of a successful forex trader's trading plan. Managing capital exposure on each and every trade, both individually and collectively across all open trades, is not just an option - it's mandatory for traders who want to stay in the game long-term.
Trade on Track provides built-in features for managing risk from the moment you plan a trade entry, through to closing the trade. As you enter a trade, the risk/reward ratio will automatically be displayed. A warning will appear if the risk exceeds the preferred limit set in your profile. You can also let Trade on Track calculate your trade size (number of lots) based on your entry price, stop loss point and preferred risk.
A Risk Summary table is prominently displayed at all times while you monitor your open trades. Using Trade on Track, you'll always be aware of your total and hedged capital exposure, avoiding account melt-downs and margin calls.
