Forex Support Lite (Finance)

Forex Support Lite 1.0

Device: iOS Universal

Category: Finance

Price: Free, Version: 1.0 (iTunes)



Description:



Forex trading finally has a comprehensive mobile suite of support tools that gives you a professional advantage.



Forex Support is an easy-to-use mobile application tailored specifically for Foreign Exchange trading that offers you 4 different methods of intraday risk management, a performance log, forecasting tool, risk strategy builder and metrics provider, in 3 easy steps.





STEP 1: Take 2 minutes to set up your strategy

STEP 2: Update your account balance when it changes

STEP 3: Enter the distance of your stop loss when you trade

STEP 4 (optional): Enter your trade entry, stop loss and target levels





The app will automatically calculate the following:



1:Risk Manager



Displays the maximum lot size per trade, based on your personalized intraday risk management strategy

Calculates the risk/reward ratio per trade

Indicates when your daily profit reaches the target profit



2:Automated Log Of Closing Balances



Automated list of closing balances

Represents past performance on a chart

Profit/loss per day

Profit/loss (%) per day

Add, amend or delete entries

Add notes or comments to each entry.

Keeps track of fund transfers per day in your daily notes, which will be factored into all metrics and calculations.



3:Forecasting Tool



Forecasts future closing balances, based on the actual average profit/loss (%) per day

Forecasts target closing balances, based on the target average profit (%) per day

Lists all historic closing balances and forecasts a maximum 100 days

Displays the percentage variance per day between the actual vs target historic and forecast closing balances

Represents the actual and target performance on the same chart.



4:Available Metrics



Account Balance

Total Profit/Loss

Average Percentage Return per Day - either by a Weighted method or Simple method

Net Transferred Funds

Tier Level – displays the risk reduction level you are currently on, based on your account balance

Tier Percentage – displays the current maximum risk per trade based on your strategy settings

High/Low Balances – displays your highest and lowest closing balance





Forex Support is unique because it offers a selection of preset risk management methods and a tiered risk function to calculate the maximum intraday trade size. Each method has been designed to suit different trading styles, market conditions and appetite for risk.





Selection of Intraday Risk Management Methods



1:Fixed - Recommended if you want to “bank” your profits daily and minimize profit/loss swings.

2:Open Variable - Recommended if you want to protect your profits and slow down your losses.

3:Open Fixed - Recommended if you want your to protect your profits, but maintain your intraday trade size

4:Current Variable - Recommended if you want to increase your intraday position size, but slow down your losses.





Add Tiered Risk Reduction?



The Tiered Risk function is designed to protect your account balance by automatically reducing the maximum risk per trade as your account balance reaches your specified levels.



Ultimately, it's about taking control of your trades and making money.





For further information, please go to www.tradesupportfx.com



Forex Support Lite







By . Vía AppShopper.com: All New Apps (Free) for iPad for iOS http://appshopper.com/finance/forex-support-lite