5m 51s: Lenght

http://LotsofPips.com/forex-calculator/ The Forex Calculator spreadsheet this video reviews is available free of charge at the above address. The point of the worksheet is to help you set up your money management plan so that when you have a losing streak (drawdown) you will still have enough capital in your account to stay in the game. The worksheet includes several calculators: 1) A Risk Tolerance calculator - which shows how a series of consecutive losses can affect your account at different risk tolerance levels. This is to help you select a risk tolerance ratio that will allow you to make profits in Forex while preserving your capital. 2) A simple lot caculator helps you calculate the amount of lots you should be trading given your risk tolerance ratio, your account balance, and the planned stop loss on your prospective trade. 3) The Loss Recovery chart shows you how much you would need to recover from a loss in capital. 4) Although the video doesn't explain it's use, the spreadsheet also includes a Strategy Profitability Tester to assist you in determining your specific strategy's monthly ROI. Again, to get your copy of the Forex Calculator spreadsheet, go to http://LotsofPips.com/forex-calculator/ Enjoy!