Myfxbook
Myfxbook - Advanced forex trading analytics platform offering portfolio tracking, strategy analysis, and trading tools for informed decisions.
Tags:Forex EducationWhat is Myfxbook?
Myfxbook is a comprehensive online platform designed for Forex traders, offering tools to analyze, share, and automate trading performance. It provides verified data, advanced analytics, and community-driven insights to help traders refine strategies and track market sentiment in real time. The platform supports secure read-only connections to broker accounts, ensuring transparency without compromising security.
Key Features of Myfxbook
Performance Analytics: Myfxbook offers detailed statistics, including profit/loss breakdowns, equity charts, and duration analysis. Traders can filter results by currency pairs, magic numbers (for EAs), or timeframes to identify patterns and optimize strategies.
Economic Calendar: Integrated with global economic events, the calendar highlights high-impact news (e.g., GDP, employment data) affecting currency markets, helping traders plan sessions accordingly.
Forex Sentiment Tools: The platform aggregates community sentiment via its Outlook Map, showing real-time trader positioning (long/short ratios) for major currency pairs like EUR/USD and GBP/USD.
Automation & Verification: Users can connect MetaTrader accounts for automated tracking, with a verification system to validate trading results. Features like trade tagging and journaling aid in post-trade analysis.
Educational Resources
Myfxbook hosts forums and guides for traders at all levels. A notable “3-step Forex learning” guide covers market terminology (pips, lots), demo trading, and strategy development using economic indicators like GDP and employment data.
The platform also features curated discussions on trading systems, risk management, and EA (Expert Advisor) testing, contributed by experienced community members.
Community and Customization
Social Trading: Traders can share performance via private links or public profiles, participate in contests, and compare systems using back-to-back analytics.
Mobile & API Access: Myfxbook Mobile allows on-the-go account monitoring, while its API enables custom widget creation for blogs or personal apps.
Security and Privacy
Myfxbook emphasizes data protection with encrypted server storage and read-only broker connections. Users control privacy settings for balance visibility, trade sizes, and broker details.
