Myfxbook offers a variety of features and programs to help you get the most out of your forex trading. It has economic calendars, user-friendly graphics, automatic analytical tools, and copy trading. The main features of Myfxbook are discussed below, along with its fees, benefits, and sign-up procedures.
Some other unique features of MyFxBook transform the service into a complete analytical tool. Find out the reasons why Myfxbook is used by over 1,000,000 forex traders.
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What Is Myfxbook?
Alexa and Pavel Rekun, Israeli brothers and owners of Myfxbook, founded the company in 2009. They wanted to build a forum where fresher and old traders could meet and exchange insights.
MyFxBook is a system that connects the features of a trading platform and a trader notebook, as well as comprehensive analytical tools, forex analytics, and a discussion forum. All you need to trade comfortably, analyze your trading methods and accounts, and share ideas with many other traders.
The website now connects a worldwide community of forex traders and includes all from trading journals and market data to active community forums.
Myfxbook – Key Benefits:
The benefits you get while trading on this form are:
- Trading account analysis reveals your trading patterns as well as statistical trends resulting from your trading activity.
- Multiple chart configurations.
- With the support of the Myfxbook community, you can create, analyze, and enhance your trading skills.
- To keep updated with the market, you must have a creative and clear user interface.
- Your trades can be seen on the Myfxbooks public platforms page, which is a public record of proficiency for Money Managers.
- Attributes for order completion.
- Make your account statements public.
- Trading that is automated.
- If you’re engaged in social trading, Myfxbook has a really dynamic forum for conversations and allows followers to monitor, compare, and assess the performance of the signal source. Signal providers can also use Myfxbook to gain as many followers as they want.
Fees:
To sign up and utilize Myfxbook’s services, there are no fees. However, the firm generates revenue by selling advertisements on its website. Also, the brokers who deal with Myfxbook have different pricing and commission structures, so be sure you understand what it costs to trade with them.
The Outlook Indicator is the only extra feature you may pay for. For a monthly plan, you have to pay $30 per month whereas for the yearly plan $25 per month.
You should have at least $1,000 in your forex trading account for using their copy trading services.
Unlimited Free Demo Accounts:
Traders can use free forex demo accounts multiple times. This is ideal for beginners who do not want to stake their money.
Sign Up Process:
Myfxbook’s registration process is simple, and you aren’t required to present any evidence for verification.
To create an account:
- Click the ‘Sign up’ option at the top of the Myfxbook website. You have an option to either register with your Facebook account, Google account, or an email.
- Enter all the required log-in details like a username, email address, and an investor password.
- You will receive a confirmation email once you have accepted the terms and conditions.
- To verify your account, click the link in the email.
Best PAMM Forex Brokers provides access to Myfxbook:
Here is the list of best PAMM Forex brokers that have an access to Myfxbook:
- FX Choice
- FxPro
- Tickmill
- Go Markets
- Fxview
- FXOpen Markets Limited
- Eightcap
Myfxbook Mobile App:
Nowadays people are usually busy. It is much more convenient for them to be tied to one location and instead be able to do it while on the road. For this reason, Myfxbook has created a mobile app that people can carry with them on their smartphone in order to maintain a check on their deposit and all the vital charts on their way to and from work, gym, or shopping.
It can be downloaded for free from the Google Play Store for Android devices and the App Store for Apple devices like the iPhone and iPad.
Bottom line:
According to our experience working with this platform has been pleasant. Myfxbook is an exceptionally useful tool for analyzing and tracking your own performance while also allowing you to share information with a huge number of other fellow members.
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