by CI Staff
Friscal is a forex risk calculator as well as a useful tool kit to assist forex currency trading. You can use Yahoo! Finance or Google as your source for your data feed; MetaTrader data is also an option if you own MetaTrader software.
On the upper-left side of the program you will see a section titled “Market Feed.” The market feed has currency pairs listed along with their bid and ask prices, spread and pip value.
On the upper-right side of the program you will enter your account information. This includes the initial capital that you deposited into your trading account, its currency, the maximum leverage that your broker will let you trade with and the current balance of your trading account.
In the trade setup section, you will choose your preferences for each trade. Friscal can make several different calculations that include max lot size, capital risk or max pip risk. You will choose the currency pair you wish to trade and the order type. If you don’t know the meaning of a particular entry field you can use Friscal Help, which conveniently defines each section.
Towards the bottom of the program, you will find trade statistics and estimates based on the information you input into the “trade setup” section. Another helpful aspect of Friscal is its market time bar, which displays where particular overseas time zones overlap. It also has a market clock that tells you when different exchanges open.
Overall, this is a helpful product for forex traders that is more of a trading tool than anything else. It is free to try for 30 days, after which you can decide whether you want to purchase the program.
System Requirements: Windows XP/2003/Vista/Server2008/7
Size: 8.33 MBs
Price: Free 30-day trial, $25.00 to purchase