My fxbook

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MyFxBook is a platform that is used as an online automated analytical tool for your forex trading account. There are many flaws, but MyFxBook has been so far the only full-featured web service where a trader can conduct a full mathematical and statistical analysis, and an investor is to get acquainted with the trading performance of traders with a lower risk of dealing with scammer. MyFxBook has other interesting functions that turn the service into a full-fledged analytical tool. From this review, you will learn about the platform capacities, learn how to connect an account and analyze trading activity on it; I will also describe the drawbacks of My Fx Book. This article aims at helping the readers make up a general opinion about this service MyFxBook com. If this overview becomes a user manual for the platform, add it to shortcuts and write what else should be included. I will extend it according to the wishes of my readers!

My fxbook

Besides MetaTrader 4, Myfxbook is probably the most popular tool used by forex traders, and besides the MQL5 community, Myfxbook is likely the biggest online trading community. Myfxbook has carved out an impressive spot in the forex community as a platform for traders to publish their trading activity on an independent and credible platform. Although it has other uses, the Myfxbook application is primarily used by traders to analyse trading performance in various ways, and share results that others can trust are real and genuine. Traders can connect their trading accounts via a platform such as MetaTrader 4 , cTrader or others to Myfxbook by following only a few simple steps, which will be covered in this guide. When traders sign up, they can create either a public or private profile to review their trading strategy statistics. Besides being a trading strategy analysis tool, Myfxbook also offers a popular auto-trading functionality. The traders who connect their accounts can become strategy providers and sell their signals to other traders in the community. Conversely, traders looking for more passive opportunities in the forex market can copy many of the available strategies. When a trader connects their account to Myfxbook, all of their previous deals are uploaded, and all future trades will be synchronised to generate a helpful dashboard which can show far more information than can be found in MT4. The profile shows various key performance indicators, graphs and interesting details to help traders understand and optimise how they trade. Myfxbook is a nifty tool for money managers and signal providers or developers of trading systems and expert advisors. Myfxbook is a highly trusted source of truth amongst forex traders. Traders looking to promote their performance can easily do so by sharing the link to their profile on Myfxbook.

There is everything for comfortable trading, analyzing your trading systems and accounts, sharing ideas with other traders. This menu will be of interest most to investors, who can set different filters to look for a suitable my fxbook strategy.

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In this post I will be reviewing the Myfxbook automated analytical tool for your forex trading accounts and a social forex community that supports hundreds of forex brokers and enables users to track, compare, analyse and share their trading activity. Myfxbook is one of the most popular social trading platforms with thousands of traders making use of their wide range of features every single day. Over the years the platform has grown and added useful features to support forex traders in their daily trading activities. The aim of Myfxbook is to create a professional community for traders, where performance is transparent and audited, and the learning process of trading is relatively easier, with the intention to help both the novice traders and the seasoned alike. Myfxbook is the first social community for forex traders with the ability to connect with your forex trading account.

My fxbook

Contains ads In-app purchases. Everyone info. If you're a forex trader, our app is a must! Everything you need to track, analyze, and stay up to date with your forex portfolio and the forex markets on the go. Join the hundreds of thousands of other traders already using our app.

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Position trading as an option of long-term investment with risk optimization. I will describe the tabs in detail further. What makes us the best forex app you'll ever use? It is still being developed and upgraded, but it is far from being perfect; although, following the annual updates it becomes more and more efficient. Start Trading Cannot read us every day? Cognitive Biases in Forex Trading Read more. MyFxBook is a platform that is used as an online automated analytical tool for your forex trading account. There are clear contradictions, there are parameters missing, or there are tabs that are ample and not informative. In the given example, the explanation is that these are different types of drawdowns. Here is a link to view one of the highest-ranked strategies, so you can click around and see the various details displayed when you mouse over some elements and open different tabs. Market Update: December 9 December 9, This menu will be of interest most to investors, who can set different filters to look for a suitable forex strategy.

Myfxbook is a popular online trading platform that provides traders with a variety of tools to help them analyze their trades and improve their performance. One of the most useful features of Myfxbook is the ability to connect your forex trading account to the platform.

There can be another variant, come months may be losing, standing out of the monthly statistics, and some months, on the contrary, can be especially profitable, This suggests that a high-risk strategy is applied. Myfxbook balance chart showing equity and Pips Advanced statistics Besides detailed charts, you can find many tables digesting far more data than just profit and loss. There are four types of charts in MyFxBook:. The problem was the lack of full functionality and the main idea of the platform. Let us go back to the beginning of the part of the article, where there is a screenshot of the working space divided into three blocks. But this is a subjective opinion. Myfxbook hourly performance Monthly Analytics View the performance of a trading strategy over a given month and get an overview of how each month compares to others and which symbols have been traded. But what it means is unclear. It took about 2 years to launch its first version. You need to sign in to your cTrader ID. It a very informative tab. Clean up the UI. The developer provided this information and may update it over time.