MyFxbook Autotrade Social Trading Platform review

#myfxbook #myfxbookreview #SocialTradingPlatform

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Video key moments:
00:00​​ - Start
00:11​ - MyFxbook Autotrade Social Trading Platform review
00:58​ - MyFxbook is analytical servis
01:56​​ - MyFxbook trade copying service

ABOUT VIDEO:
Today we will consider MYFXBOOK AUTOTRADE SOCIAL TRADING PLATFORM review!

MYFXBOOK is a unique service for traders, and it includes several different tools specially designed to enhance the ability to copy trades. The social trading service of MyFxbook has proven itself and about 40 brokers from all over the world cooperate with this broker.

THE PRINCIPLE OF COPY TRADING SERVICES is quite simple. It works as follows:
• The trader registers on the platform and selects a trader — the strategy and signals provider — to copy.
• The user selects a trader according to the characteristics provided by the service;
• The user subscribes to the trader, and all his trades shall be copied automatically to the user’s trading terminal.

MyFxbook has become famous among traders as a platform that provides a large number of ANALYTICAL SERVICES. However, the copy trading service cannot be considered completely successful. The platform interface is obsolete and is not very convenient. The search for traders is not sufficiently developed and there are no filters on the service. Because of this, the user will have to spend a lot of time choosing a suitable strategy provider.

However, the connection procedure is especially worth noting. It's very long and convoluted. The lack of an automated connection is a serious drawback of MyFxbook.

However, THIS PLATFORM is not all that bad. First, the statistics of the strategy providers are well implemented. It is presented in the form of infographics, so you can visualize the indicators. Besides, MyFxbook is universal and supports eight versions of trading terminals. This is convenient for users who have trading accounts at brokers with different trading platforms.

MyFxbook trade COPYING SERVICE helps to generate extra income. The profitability of copy trading varies depending on the strategy provider you choose, the trading instruments selected, and the trading strategy risk level.

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