How does the AI-powered transaction entry work?

Simply speak or type naturally like "won 100 at stake betting" and our AI instantly parses your input to create a transaction. It recognizes transaction types (profit/loss/deposit/withdrawal), amounts, platforms, and categories. You can review and confirm before saving. Works with both voice input and text.

How does Manage Bankroll track my trades and bets?

Manage Bankroll uses manual entry with optional AI assistance. You can enter transactions manually, or use our AI-powered voice/text entry for faster logging. We never connect to your bank accounts or trading platforms automatically, giving you complete control over your data.

Is Manage Bankroll really free?

Yes, Manage Bankroll offers a free plan with core features including manual transaction tracking, profit/loss analysis, and basic reporting. Pro features are available for advanced users.

What types of trading and betting can I track?

You can track sports betting, poker, casino games, day trading, swing trading, crypto trading, forex, options, and more. Any form of trading or gambling with a bankroll can be tracked.

Is my financial data safe?

Yes, your data is completely safe. Since we use manual entry only and never connect to your bank accounts, your sensitive financial information never leaves your control. All data is encrypted and stored securely.

Can I track multiple accounts or platforms?

Yes, you can track unlimited platforms and accounts. Whether you use multiple sportsbooks, poker sites, or trading brokers, you can manage them all in one place.

Does Manage Bankroll help with gambling tax records?

Yes, Manage Bankroll tracks all your wins and losses with detailed records that can be exported for tax reporting. You can generate win/loss statements and maintain accurate gambling income records for IRS reporting.

Can I track live sessions in real-time?

Yes, our live session tracking feature lets you monitor your profit/loss in real-time during poker, casino, or trading sessions. Track your bankroll changes, session duration, and performance metrics as you play or trade.

How is this different from spreadsheet tracking?

Unlike spreadsheets, Manage Bankroll provides automated calculations, visual analytics, live session tracking, and dedicated tools for different betting and trading types. It is easier to use and provides insights that are difficult to achieve with manual spreadsheet tracking.

Forex Trading for Beginners: Complete Guide to Currency Markets

Forex trading offers incredible opportunities for individual traders - the market is open 24/5, highly liquid, and accessible with small capital. But success requires understanding the fundamentals. This guide will give you the foundation you need to start trading currencies.

What is Forex Trading?

Forex (Foreign Exchange) is the global marketplace for buying and selling currencies. With daily volume exceeding $6 trillion, it's the largest financial market in the world.

Major Currency Pairs

Focus on these "majors" as a beginner - they're the most liquid and stable:

EUR/USD: Euro vs US Dollar (most traded pair)
GBP/USD: British Pound vs US Dollar
USD/JPY: US Dollar vs Japanese Yen
USD/CHF: US Dollar vs Swiss Franc
AUD/USD: Australian Dollar vs US Dollar

Understanding Pips and Lots

Pips

A pip is the smallest price movement in forex (0.0001 for most pairs).

Example: EUR/USD moves from 1.0500 to 1.0501 = 1 pip.

Lot Sizes

Standard Lot: 100,000 units ($10/pip movement)
Mini Lot: 10,000 units ($1/pip movement)
Micro Lot: 1,000 units ($0.10/pip movement)

Leverage and Margin

Forex offers high leverage (50:1 to 500:1), meaning you control large positions with small capital.

Example: $1,000 margin with 100:1 leverage controls $100,000 position.

⚠️ Warning: Leverage amplifies both gains and losses. Use conservatively!

Basic Trading Strategies

Trend Following

Trade with the trend - buy rising markets, sell falling ones.

Range Trading

Trade between support/resistance levels in sideways markets.

Breakout Trading

Enter when price breaks key levels with momentum.

Technical Analysis Tools

Moving Averages

Identify trends and support/resistance.

RSI (Relative Strength Index)

Measure overbought/oversold conditions (0-100 scale).

Bollinger Bands

Show volatility and price extremes.

Fundamental Analysis

Economic Indicators

GDP: Economic growth measure
Inflation (CPI): Price level changes
Interest Rates: Central bank policy
Employment Data: Job market health

Central Bank Actions

Fed, ECB, BoJ decisions move markets dramatically.

Risk Management Essentials

Stop Loss Orders

Automatically exit losing trades at predetermined levels.

Position Sizing

Never risk more than 1-2% of account per trade.

Risk-Reward Ratio

Aim for 1:2 or better (potential profit twice risk).

Common Beginner Mistakes

Over-leveraging: Using too much leverage
No Stop Losses: Letting losses run
Emotional Trading: Revenge trading losses
Over-trading: Too many positions simultaneously
Ignoring Fundamentals: Trading without market context

Trading Psychology

Successful forex trading is 80% psychology, 20% strategy. Master:

Discipline
Patience
Emotional control
Continuous learning

Getting Started

Education: Learn basics thoroughly
Demo Account: Practice risk-free
Small Capital: Start with money you can afford to lose
Simple Strategy: Master one approach before complex ones
Journal Everything: Track all trades and emotions

Recommended Resources

Books: "Forex Trading for Beginners" by James Martin
Courses: Babypips, Investopedia Forex tutorials
Charts: TradingView for technical analysis
News: ForexFactory calendar, economic data

The Road Ahead

Forex trading offers unlimited potential but requires dedication. Most beginners lose money initially due to lack of education and emotional control.

Focus on learning, not making money. The profits will come with time and experience.

Start small, trade with discipline, and never stop learning. The forex market rewards the prepared and patient trader.