My fxbook

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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.

My fxbook

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! What programs do you use except for the platform? As you develop your trading skills and become a more advanced trader, you start keeping trader journals, employing various programs for creating or testing Expert Advisors and indicators, scripts for the platform. At some point, there comes a need for a single tool that would combine multiple basic functions often used by the trader, so that it can replace a dozen of more specified programs. This tool is called a monitoring service.

The General tab displays the total result for the month of this year and the previous year. For example, the my fxbook three months, after which the monitoring page displays statistics only for a specified period of time. Position trading as an option of long-term investment with risk optimization, my fxbook.

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With the only full-featured web service, one of the most suitable online automated analytical tools available to a trader and investor, especially for Forex Brokers , is MyFXbook. MyFXbook is a single tool that provides multiple functions essential for a trader. According to this review , it is the smartest replacement for several other programs combined altogether. The founders proudly confirm that the company has more or less achieved all the goals it initially aimed for. The aim was to expand a professional network for traders to ease their trading experience. It facilitates a plain and clear display and monitoring of progress, an easy and uncomplicated process of learning and assistance for both amateurs and expert traders and investors. Security is probably one of the most important factors for people, especially traders, who have tonnes of confidential data at their disposal on a regular basis. Therefore, it is one of the most secure platforms available in the global market. In addition to the features above, what makes MyFXbook stand out are some of the special factors. For example, on the one hand, the investors are consistently provided with information via the news tool.

My fxbook

Myfxbook provides a range of tools and services to enhance the forex trading experience. This includes economic calendars, user-friendly charts, automated analytical tools, plus copy trading. Find out why over 1,, forex traders use Myfxbook. Myfxbook was launched in by Israeli brothers and owners Alexa and Pavel Rekun. They aimed to create a community where new and experienced traders could come together and share ideas. Today, the platform spans a network of global forex traders and offers everything from trading journals and market analytics to active community forums. Myfxbook also integrates with live trading accounts so its suite of tools are available in one place.

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Secondly, there are trader journals or Excel, for example, where you can build a model for analysis. How to calculate risk and reward in MT4 Read more. It will take a few moments for your trading account history to be uploaded and processed by Myfxbook, especially if there are years of active trading and thousands of transactions that need to be computed. How to connect a trading account with Myfxbook If you have either a MetaTrader 4 or cTrader account with Scandinavian Capital Markets, you can connect them to Myfxbook and begin using the service in any way you wish. Join the hundreds of thousands of other traders already using our app. This guide which we prepared should be enough to get you started with Myfxbook. Calculating forex risk and reward Read more. I will take a random account as an example and analyze all the statistics presented. Data privacy and security practices may vary based on your use, region, and age. It remarkable that in the given example, the trader has hidden all the information. Each event can be drilled down for an explanation and historic levels. The charts of these tabs show the number of transactions in the context of hours and days.

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When a trader finds a strategy that appeals to them, they can connect and start copying trades in their own account. The tab shows the maximal possible loss or profit. No data collected Learn more about how developers declare collection. 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. You need to sign in to your cTrader ID. Plotted on the chart are up to two lines and a histogram. Myfxbook is a highly trusted source of truth amongst forex traders. 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. It is far from being perfect and it will not necessarily meet your expectations. The best people to help you out with that is one of our expert relationship managers, who can guide you on choosing a forex trading platform and introducing you to how we can build the best forex liquidity feeds. Market Update: December 9 December 9,