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How can I make myfxbook work for me?
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irniger

Biedrs kopš Jan 10, 2010  2 ieraksti irniger Jan 30 2010 at 16:32
I would like to follow/copy the trades of some of the traders. How can I do it? Mirror trading through a broker? If so, which brokers or other services would do this for me?

Thanks, Felix

Staff

Biedrs kopš Jul 31, 2009  1368 ieraksti Ethan (Staff) Jan 30 2010 at 16:56
Hello Felix.

Currently, we do not have an option of mirror trading - this feature might be added in the future.

You can contact the traders for further details in regard to managing/trading your account.

Let us know if you have anymore questions.

cateful

Biedrs kopš Dec 19, 2009  87 ieraksti Fill or Kill (cateful) Jan 30 2010 at 16:57
I personally would strongly oppose such an idea unless it has some incentives for the trader. My results are open and live. You can see all the open trades and orders. But if you use this information for profit generation, I want to get something in return for my providing you this information. It is free to see, but pay to use. Typically this is done by paying me a fee and let me manage your account for you. Of course there is nothing stopping you from manually copying my trades.

In any event, I would vote against this proposition because there are other websites out there that you can subscribe to to automatically follow systems listed on them. And let me assure you you will get burned following them. Myfxbook should not be another one of those websites.

If you really want to make money but lack the time/skill to do it, pay someone to do it for you.

Staff

Biedrs kopš Jul 31, 2009  1368 ieraksti Ethan (Staff) Jan 30 2010 at 17:06
Fill or Kill, of course if such an option will be available in the future, it will not be on your expense, and both the trader and the investor will have financial interest in using it.


irniger

Biedrs kopš Jan 10, 2010  2 ieraksti irniger Jan 30 2010 at 17:09
Hello cateful,

I am very interested and will gladly pay for you or other providers to trade your signals for me in my account. Please PM me here irniger@gmx.net

Thanks, Felix

PipCollector

Biedrs kopš Jan 05, 2010  92 ieraksti PipCollector Jan 30 2010 at 17:11

cateful posted:
In any event, I would vote against this proposition because there are other websites out there that you can subscribe to to automatically follow systems listed on them. And let me assure you you will get burned following them. Myfxbook should not be another one of those websites.

If you really want to make money but lack the time/skill to do it, pay someone to do it for you.


This is a really good point, and I'm glad you've mentioned it.

I've been thinking of using such a service to contemplate my trading, however is it really that simple? All of these mirroring sites just take an EA and call it a 'trading system' without really testing it. As far as I'm concerned, it could be a 16 year-old kid who wrote an EA in several hours and it might look like it's making money in the short term but will margin call your account in no-time.

Has anyone really made money with one of these services? Or is it just a hype?

Patience is a virtue.
cateful

Biedrs kopš Dec 19, 2009  87 ieraksti Fill or Kill (cateful) Jan 30 2010 at 17:18
irniger, email sent. Thanks!

PipCollector,

Exactly.

I can't remember the names of those websites but if you look at the statistics carefully you can tell the good from the bad. But what are the odds of finding a good, independent trader who is willing to give you profitable information for $99 a month?

Shopping for a manager is like shopping for a business, please examine their books very carefully.

xcalibur

Biedrs kopš Jan 09, 2010  44 ieraksti xcalibur (xcalibur) Jan 30 2010 at 21:12
write xcaliburforex@yahoo.com if you need your personal account to be traded for you,it requires you to sign up for the trade signals under one of the biggest signal providers for a token,then download the EA to your MT4,and then watch as the trades automatically execute in your account.Need more details,then email

I mean business and i mean it
pc8multifx

Biedrs kopš Sep 04, 2009  879 ieraksti pc8multifx (pc8multifx) Jan 30 2010 at 22:48 (labots Jan 30 2010 at 22:49 )
@ i (xcalibur)

Does your account reflect this 'service'?? eek

Elkart

Biedrs kopš Aug 01, 2009  941 ieraksti Elkart (Elkart) Jan 31 2010 at 02:24
No offense, but I'm deeply suspicious of anything Nigerian.

Chang beer is evil.
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