Create an FX trading system w/o a broker account

terrys999
terrys999
Jan 26, 2015 at 20:15
454 Views
3 Replies
terrys999
terrys999
Member Since Aug 29, 2012   2 posts
Jan 26, 2015 at 20:15
My system currently generates signals directly from my database and data feeds. So, I don't have an FX brokerage account. Is there a way to create a trading system on myfxbook without an FX brokerage account? Somewhere to just pass "buy 1 standard lot EURUSD" for example?

Thanks.

Terry
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growthera
growthera
Member Since Feb 18, 2014   86 posts
Jan 27, 2015 at 13:09
I doubt it very much, as myfxbook is all about linking a brokerage account. You don't need a real account thought, as you can connect a demo account. Any reason why a demo account would not be a solution for you?
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terrys999
terrys999
Member Since Aug 29, 2012   2 posts
Jan 27, 2015 at 15:33
No, the demo account should work. I'm downloaded the ForexConnect API yesterday. So, hopefully I can link that to a demo FXCM account. Would that work?
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growthera
growthera
Member Since Feb 18, 2014   86 posts
Jan 28, 2015 at 09:28
I don't know how you would link your database to your demo account. To connect the demo account to my fxbook is easy, just download their EA and put it on a chart of your MT4 demo account.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.