Here is information/services I lack & disadvantages: - number of subscribers for 3rd party signals are unknown (unlike MQL5 service) - signals rating calculation could be more reasonable - no possibility to advertise/market my signal
Within one day a lot of positive comments appeared from people with only one post... for me it is not reliable.
Soon all of services of myfxbook are going to have the best rated, this is something I can see already.Starting from paybackfx and now signals, soon highly likely it is going to be experts and other reviews?
ARE YOU RATING THE APPEARANCE OF THE SERVICE OR PROVIDERS SIGNALS? Signals providers are weak, so I dont know what are we rating?
Here are a supplier evaluation signals, not a service, for me it is not fair solution, in this way myfxbook changes in a very commercial service who loses credibility.
Please note that the service fee is to keep follower's account connected and monitored 24/7 on our servers, moreover, the follower's account is hosted in the same data-center as the signal and in the same private network with super fast 1Gbps switches so latency is minimal. Please also note that you can follow multiple signals with one follower account.
As for the signal's rating and promotions - as signal provide you can use our white-label which is absolutely free so your followers will see only your signals, also, your signal is automatically advertised on Myfxbook and once users will click on the 'Copy' button they will be referred to your signal's page at Signal Start.
I am signal provider and I am really not happy the way signalstart collects 30% from provider and also 25 USD from subscribers on monthly basis. this really affects our clients and our following, also there is no way to reach to new subscribers, you must make a main page where we can interact with people to make them subscribe to our signals, getting client is really tough for us. there is no way to advertise our signals. most people sitting on the top ranking are not even trading now, they just manipulated results by adding more money on later stages to increase the growth and now those traders who trade on daily basis cant be on top lists.
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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.
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