However, upon clicking on the link it is noted that the trading closed six months ago- around February. But when you look at the history of the trades, they end in April, and the account was last updated on May, a month later after all trades were closed.

Another important issue to note is that all the open trades of the account are private. So, the last trade closed six months ago, the account was last updated four months ago and the open trades are not present for public scrutiny.

The only logical explanation is that most of the open trades were losing trades. Therefore, the trades were intentionally left out during verification process on myfxbook account, so that the trading strategy does not look bad.

The open trades were then subsequently set to private. Unfortunately, most people concentrate on gains and the equity curve and overlook other factors such as equity, which are very crucial in the interpretation of trading reports.

To sum up, after this trading account turned bad the owner manipulated myfxbook account settings to still make it look good. Backtests, on the other hand, are created using a history of prices over a period of time.

This article will not delve much into how backtests are created — for more information on backtests visit www. Backtests results should never be taken seriously because the process of creating them is rarely in the public knowledge and also because they can be easily fabricated compared to live trading.

The backtest feature on myfxbook, however, is a great feature as it enables users to know if strategies are viable based on past trading history.

The figure represents an uploaded backtest results on myfxbook. It should, therefore, be noted that any strategy result with its subsequent strategy settings on top of it on myfxbook is an uploaded backtest.

Below the strategy settings, is a forward test link. Many people fail to click this link, which is an important identifier of a fake or a real backtest strategy.

There are instances where the backtest results look awesome. But upon clicking on the forward test link, we see the strategy fails to work or it had been stopped several months back.

It is also paramount to properly check if track record and trading privileges of the strategy are verified. If the account is personal and only used to check trading strategies at a personalized level, then the strategies do not need verification.

However, if the strategies are to be made public or used for commercial and consultative reasons, then they ought to be verified.

The figure illustrates a trading strategy with unverified trading privileges. In this example, a trading strategy is uploaded to myfxbook account from FxOpen demo trading account.

The account is purposeful set as a real account, even though it is a demo account. Because your account's safety is our first priority, we will never ask you for your login details to your trading account.

All we require is a read only access to your trading account Click here to learn how. Have we mentioned it's absolutely free?

Email: Password: Remember Forgot. Please enter your email: Email:. Please note, in case of existing AutoTrade accounts: functionality, login details and your settings have been transferred to the new domain for an uninterrupted service.

The new website is fully responsive, meaning you can now access the service from your mobile device. We are excited to announce the release of our outlook indicator.

The indicator allows you to plot the outlook data in your MT4 trading account, streaming it live and adding additional features not available in the website:.

Download Now! Broker 1 Broker 2 We use both of these brokers and proudly promote them! NOTE: Not all countries qualify for these bonuses.

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Myfxbook was launched in by two Israeli brothers — Alexa and Pavel Rekun — who were still in their teens as the idea for the platform was being developed.

The idea behind this platform is to create a social trading community which can be utilised by both experienced and first-time traders.

The site allows traders to learn as they go by joining in community discussions and following veteran traders to see what kind of trades they are making.

Although membership of Myfxbook is free, should you choose to sign up with one of the many listed brokers commission will be payable on trades. Myfxbook is effectively a social trading site built around a community of online traders.

Simply enter a username, email address, create a password and you will receive a confirmation email notifying you that you have signed up.

It is possible to trade with a demo account, but if you are interested in real money trading then you will need to join one of the 40 or so brokers affiliated with Myfxbook.

In order to help with this decision you can go to the Reviews section of the website where other users have left reviews of the brokers available.

My experience has been great, and I did manage to make a lot of money. This product provides you with a wide variety of services and also offers hi-tech security for its users.

Apart from that, I really liked the customer support team. They were very helpful and responsive. I gained a lot of profits after I joined the product and I am really satisfied with their services.

I would personally suggest others to sign up with them and earn big. I came to know about this product from one of my friend who was using it for a long time.

He told me all about the available packages and the huge returns it offers. So, as I always do, decided to try my luck.

Once I began using the product, I liked many features of the product. The first thing which I loved about it was its user-friendly UI and then the customer support.

They are always ready to help you. Apart from all of these, I really liked their VIP package. It offers a wide variety of services and the returns over there are outstanding.

Honestly speaking, I am really very satisfied using the product — no, its not fake. I have been trading for more than 5 years now and till January , I used to trade manually.

You might be thinking that why was I still trading manually when there are a lot of trading robots available in the market?

But due to the manual trading process, I was not getting enough time for my other activities. Hence I did some research and I came across this automated trading robot.

This product is totally AI driven and also has a lot of perks in it. As this is fully automatic, it saves a lot of my time while I trade and apart from that, in this 1 year, I have made a huge amount of profit using this bot.

Their customer support team is helpful and yes, they will take your call. Hey traders, how are you doing? It has been a year now I am using this fx robot.

Till now, I have not faced any problem using this product. But I realized when one withdraws using BTC, no charges have to be paid.

Later when I started earning profits, I felt that this amount is nothing in front of my earning. Moreover, the best thing is that you can withdraw your money weekly.

There lies no fear.