PZ Risk Management

This indicator monitors the vital constants of your trading account to keep it healthy and away from excessive risks. It monitors all trades, absolute exposure, account floating point and leverage currently in use, using different color codes for your interpretation.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

• Amazingly easy to understand
• The indicator is clean and simple
• It calculates exposure by pairs and currencies
• Keep your used leverage controlled at all times
• Find out your currency exposure at a glance
• Orange labels indicate caution
• Red labels indicate danger

Using too much leverage is the reason why most retail traders fail. Respect the following rules to keep your trading account healthy.

• Keep your used leverage between 1:1 and 1:5
• Never allocate more than 1:10 leverage on your account
• Avoid trading more than 5-6 Forex pairs at the same time
• Avoid excessive exposure to a single currency

Most brokers offer up to 1:400 leverage, but this should not be confused with the leverage you actually decide to allocate. Leverage is the ratio between your equity and the total market exposure of your trades, and more leverage means more odds of decimating your trading account. Think of leverage as hamburgers: if you go into a fast food restaurant, you can probably order and eat 4000 burgers, but you'll probably die of indigestion.

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