Risk Monitor app review: minimize your losses

Introduction

Regardless of your investment strategies, you’re always going to want to minimize any potential losses wherever possible, so Risk Monitor for iPhone and iPad provides a range of tools for you to easily achieve just that.

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This is a great idea for an app and this kind of utility is almost sure to be essential for any serious trader or investor who wants to stay in the game for the long haul. This app definitely delivers the goods so I’d recommend at least giving it some consideration.

Minimize Your Losses

This is a very handy trading app that you can use on a daily basis to see all of your open trades and positions in real time for up-to-the-minute information, providing you with a top-down view of your market activities.

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You’ll find different account levels including Group, Exchange, Related, and Account, and you can easily sort all of the data based on position, P&L, and account name.

 

View Historical Market Data

Based on my limited understanding of trading, where Risk Monitor really shines is in its ability to show you historical data displaying the positions of previous trading days; this should definitely help to provide a quick at-a-glance view of where the markets are headed so you can stay well informed.

What’s more, this app provides full support for multiple worldwide currencies, and all of the information is kept encrypted, with connections only made with the Risk Monitor servers to ensure the security of your information.

 

Pros & Cons

Pros

• View your open trades and positions in real time for up-to-the-minute information
• Provides support for multiple worldwide currencies
• Includes different account levels including Group, Exchange, Related, and Account
• View historical data displaying the positions of previous trading days
• Sort data based on position, P&L, and account name        
• Connection is only made with the Risk Monitor servers to ensure the security of your information

Cons                                                

• There is nothing negative to say about this app

 

Final Words

Risk Monitor makes a very decent addition to the Finance category of the App Store and I would definitely suggest taking a look over it to see what you think as it might help to really tighten up your bottom end.