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ThinkForex Offers the Trade Manager MAM Applicaion

Jan 15 2013
By
Forexbrokerz.com
After it announced its plans to expand to Europe and cut its spreads at the end of last year, ThinkForex is stepping into 2013 with a new tool to enhance its customers' trading: the Trade Manager. 
 
Trade Manager was designed with a single purpose in mind: to let its users spend more time on trading, and less time on managing their trades.  As ThinkForex notices in the application's intro video, timing is one of the crucial factors for succes in forex trading, therefore the better one's time management, the better they do. With the Trade Manager Windows application, traders can manage up to 20 Metatrader 4 (MT4) accounts at once, thus improving their chances of higher profits.
 
The application has a very simple and intuitive interface, and comes with comprehensive, self-explanatory right-click menus. It offers a number of useful tools, such as one-click trading, automated risk calculation for better money management, account and trade grouping capabilities, adjusting the settings for trade speed and customization, setting preferred break-even values, etc. 
 
Pending and market orders are both supported and traders can easily scale their trades by using partial closes. Stop loss, take profit and trailing stops are set easily and quickly. Trade Manager is also compatible with MT4 Expert Advisors (EAs) so trades can be copied from an EA. 
 
The interface of ThinkForex's Trade Manager
 
Trade Manager is available free to ThinkForex Standard and Pro account holders with a minimum account balance of 2,500 units (depending on account currency). In order to get access to it, you need to have or open a live account with the broker, and fill in an application form for Trade Manager.
 
ThinkForex is not the first broker to come up with account management software – XEMarkets (previously known as TradingPoint) offers a pretty flexible MAM (Multiple Account Management) application, and recently the Ukrainian developer PFSOFT added a MAM module to its ProTrader 2 ECN platform. 
 
Even though these apps are targeting mainly money managers and wealth advisors, they are also available to private traders who spread their portfolios over two or more accounts. 
 
 

About ThinkForex

 
ThinkForex is a leading international Forex broker with headquarters in New Zealand. It offers traders extremely fast, low latency NDD execution, competitive spreads, swap-free accounts and full hedging. The broker’s customers enjoy excellent promotions on a regular basis, and its highly professional customer support team is available around the clock. 
 
ThinkForex was named "Fastest Growing FX Broker" at the MENA Forex Awards 2012 in Dubai and "Best Forex Customer Service" at the UK Forex Awards 2012 in London. For more information, please visit ThinkForex Australia.

 

TAGS: ThinkForex  forex broker  forex spread  forex account  forex trading  TradingPoint  XEMarkets  MAM  Trade Manager  pending order  market order  stop loss  take profit  trailing stop  one-click dealing  ECN 

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