Management Software At a Glance!
The Agency has discovered a nicely developed trading system called Management Software. Please read our full review to see the unique features. Management Software offers a unique approach to trading. We fully explain why we think this is a scam free software in this review. Click the banner below to lean more!
What is “Management Software”
The Management Software concept is based somewhat on human involvement. Every trader’s account is monitored by a fund manager, but further explanation is needed. These folks oversee the daily activities; thereby playing an important role in profits. Mutual funds, for example, perform well over time. Why? It is the fund management team’s knowledge and strategy making the difference. Professionals know the markets. Their expertise is critical, but how can an auto trader do all this?
Management Software offers a team of fund managers. Their role is to oversee the trading software around the clock. They work in shifts to assure coverage at all trading hours. Management Software is professionally managed to help insure accuracy, while minimizing losses. It is not any type of fund, and these people are not actively trading your accounts. It is their background that offers great support.
What do these Managers do?
It allows for human interaction and monitoring. It is a little unclear from the Q & A exactly what these managers do. The explanation states: ” your account is in the hands of a professional who takes trades based on complex algorithms which incorporate trading psychology, market analysis and proven money management principles”.
There is a fine line between managing the software and placing trades. For clarification, these people are not placing your trades. They are providing oversight to make sure the algorithms work properly. Either way, having human oversight is beneficial. It is something not seen in other software systems.
So How Does Management Software Trade?
This trading app is an auto trader’s delight! It has a fully automated mode. Many recent binary options software have not offered an autotrader. There are different theories on this, but those are irrelevant. The bottom line is many traders want the ease of auto trading. If you are one of those investors, Management Software has what you desire. It’s effectiveness is 80% win rate. This statistic is both profitable and realistic.
Is Management Software a Scam?
The Agency has been reviewing Management Software for a few days. Here is what we like about the program.
The software uses MAM – Multi Account Manager. MAM allows the management team to combine individual’s trading accounts with their master account. Trades occur on the master account, but then what? Through broker interaction, the software is able to perform it’s magic and place trades in your account. This is a unique approach to trading.
Additionally, the head of the project, Christopher Fernard, appears to be genuine. As the project manager, he is responsible for all managers working beneath him. His team’s goal is to “pursue profit maximization and high risk to reward ratios with strict risk exposure management”. What does this mean? It means they have a solid plan; utilizing complex algorithms and intelligent money management techniques.
Management Software Algorithm
All trades incorporate three key elements. Trading psychology, market analysis, and money management. The software primarily trades popular asset pairs like EUR, GBP, USD, and AUD. This is important because many failed systems take random trades with rarely heard of currencies. The popular pairs traded in Management Software are highly liquid. They trade easily, but more importantly are easier to predict. The team trades the largest economies. This is both smart and predictable.
The Software also trades indices and commodities using support/resistance and trends. Seeing different strategies used based on the trading arena (i.e. currency vs. commodities, etc), points to a realistic software.
Is it Free?
Most software systems are actually free, but Management System is different. Various reasons are provided, but Management Software is only free for the first month. Thereafter, an 8% fee on your profits will be assessed. Is this good or bad?
We don’t ever recommend paying for a service, but this is a little different. Firstly, in 30 days time you will know whether Management System is a winner. Secondly, if it profits, you are only paying a portion of your winnings. Customers pay no upfront fees. It makes sense to pay for this service. Having humans manning the software does cost money.
Remember, the software is free, but you must open a trading account to synch it properly.
Management Software Conclusion
The Agency likes this app, but traders must educate themselves. It has a strong background, whilst the platform is user friendly.
Since our main focus is on performance, we do not worry as much about the shortcomings. To be fully transparent, we could not find Mr. Fernard or his company online, but that is not enough to cry foul. We are impressed with the overall package.