Many day traders fail for one reason, and one reason only, their trade management is not properly planned out to ensure them any long term success. Trade management is how a trader determines precisely how much trading capital he/she is going to risk on a single trade. Trade management to many, is considered more important than the profits they make, because strict risk management can be the determining factor between becoming a successful trader or not. Having the correct trade management is essential to all traders.
Pecunia Systems came up with an awesome software, called FX Synergy.
FX Synergy is a feature-rich and user-friendly trade manager with 1-Click Execution, Multiple Accounts, Stealth Mode and many other powerful features. Stop wasting your time trying to manage trades using a mix of EA’s and scripts.