Product Review: ForexSmartTools.com by Jayanthi Gopalakrishnan
FOREX SMART TOOLS
Product: Performance tracking and money management tool for forex traders
Requirements: Windows XP/Vista/7, web browser
Price: $149 for Lite; $297 for Standard; $389 for Pro
Any discussion of a trading plan would be incomplete without a mention of money management, but it is often the least-implemented task among traders. Most traders tend to lean toward mental money management, mostly because the task of sitting down and planning each trade, writing notes on each trade, and identifying entry and exit points all seems too tedious. The same goes for tracking all your trades and analyzing each of them. How often do you take the time to analyze all your trades to see why you had a losing or winning trade? Not often enough.