Singapore – Flagforex expands its lineup of apps by bringing their first Lot Size Cal app to the iOS store. It is designed with the fewest number of user inputs, and it takes the hard work out of traders to calculate lot size manually. The app requires that user specifies just 4 inputs to perform a very fast lot size calculation. Unlike other forex calculator apps, Lot Size Cal will automatically fetch live market currency data from various sources at that time to determine the most accurate lot size.
Lot Size Cal can be downloaded free from the iOS App Store with any iPod, iPad and iPhone devices. The free app comes with advertisement. Users can save even more time over the lot size calculation by purchasing an in-app purchase to have their user input settings saved after every usage. On subsequent calculations, the saved user inputs will be loaded on every usage. In addition, advertisement will also be removed when user chooses to upgrade.
Other Smartphone Users:
Non iOS users will also get access to a basic app which works similarly except that users will have to browse from their smartphone web browser by going to a url found on the Lot Size Calculator Web App link below.
The Importance of Lot Sizing Every Trade:
Proper lot sizing is key to managing risk and to avoid blowing out the trader’s account in a single trade. With just 4 inputs, the Lot Size Calculator app will help the trader find the approximate amount of currency units to buy or sell to control his maximum risk per trade.
The app is programmed to always use the most recent and updated currency quotes from our market quote provider thereby eliminating the need for user to specify the currency quote manually. The time used by the trader to check manually will translate into time saved allowing him to focus his attention in the market where the main action lies.
To save even more time, the user can purchase one in-app purchase to have their user input settings saved after every usage. The time for calculation will greatly be reduced as the app will ‘remember’ user’s last used settings and have them automatically loaded on subsequent app usage. Advertisement will also be removed on upgrade.
A disciplined forex trader who trades with a maximum risk per trade every time will avoid any possibility of destroying his investment account and hence ensuring he survives and continues to trade for the long term.
* iPhone, iPad, and iPod touch
* Requires iOS 6.0 or later
* 7.0 MB
Pricing and Availability:
Lot Size Calculator 2.0 is Free and available worldwide exclusively through the App Store in the Finance category.
Flagforex is a leader in providing Forex trading tools for traders and investors. The business has developed three trading software packages on Metatrader 4 platform which help to automate various trading processes for Forex traders. Their “How to be a Currency Trader” book was published on July 16th 2012 in the Amazon Kindle store. On November 13th 2013, it has started their first app launch on the iOS App Store. All Material and Software (C) Copyright 2013 Flagforex. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries. Other trademarks and registered trademarks may be the property of their respective owners.