As a prop firm, The Funded Trader allows traders to trade with the firm’s capital, taking advantage of the leverage and resources offered by the firm. In exchange, traders share in the profits they generate, earning a substantial income while managing their trading strategies and risk. The firm has attracted many aspiring traders. They offer the potential for significant financial gains without requiring traders to put up their capital.
The Funded Trader Trade Manager
The Funded Trader has officially launched their own Trade Manager. The firm has announced that Trade Manager for their traders is now available. They are working on getting this added to their Trade Hub, but it is available for traders to download.
A software tool or platform known as a trade manager is designed to help traders effectively manage their trading activities. It offers various functions and features, including order entry, position sizing, and more. The tool may also include advanced features such as automated trading, algorithmic trading, and back-testing.
Traders across different financial markets, including forex, stocks, futures, and options, use trade managers to manage multiple trades and positions simultaneously. These tools are especially useful for traders who require sophisticated risk management tools to reduce losses and maximize profits.
So, basically, a trade manager is an indispensable tool for traders looking to enhance their trading performance and profitability by providing them with the ability to make informed trading decisions and effectively manage their trades.
But please note that The Funded Trader trade manager works only on accounts that have EAs enabled which would include Royal and Knights Challenge, because these are the only two accounts where EAs are allowed.
So, this is an incredible update by the firm. The launch of Trade Manager will help traders and make trading easier for them.