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.
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
I used them for a few month, but not doing it anymore. My reasons:
1. A lot of signal providers, who start with account of 10-50 USD, they make 'miraculous' one or two trades and suddenly their performance is 1000+%. They are not filtering those 'traders'. 2. You have no feedback about the system, if your signal provider is not trading, you have no chance to contact him/her to find out if it is intentional or not ... I was subscribed to one of them, with pretty nice history, payed 50USD/month, but 2 months from 3 he did not traded with no message to his followers ... 3. Support is very slow, nice, trying to response, but slow 4. You have no chance to discuss / rate signal providers ...
Anyway, a lot of my colleagues is using them and they are ok with ... for me, not very good. Good luck to all
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.
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Past performance is not indicative of future results.