Author: Myfxbook

You’ve probably seen spread comparison engines before, however there is a common flaw in those engines  – they compare demo spreads which are not representative of real spreads.

We’re proud to introduce you the most advanced real-time forex spread comparison engine out there, using real spreads only!

What’s so advanced here you ask? Here’s the complete list:

• Real-time spreads comparison
• Covers over 45 brokers
• Covers 55 currency pairs
• Distinguishes between different accounts types in the same broker (fixed spreads, ECN, NDD, etc’).
• Real spreads sampled from over 10,000 real accounts (no demo spreads!)
• Determines brokers with better spreads for any time period you choose (up to 48 hours back), in real-time.
• Determines spread averages and changes between different trading sessions.
• Data is adjusted to match your local timezone
• Provides broker’s time in real-time
• Spread charts can be saved to an image with a click of a button
• Plots economic events on spread charts for a better understanding of a spread’s volatility.

You can control which spreads and which brokers to compare using the ‘more’ button. Clicking on a specific spread will reveal the spread’s high, low and average for each minute for the past 48 hours, among other metrics such as session averages and changes, and brokers with better spreads, based on the time frame viewed in the chart.

Please note that although spreads are a major factor in choosing a broker, they do not represent execution quality, slippage, commissions, or any other fees of a broker.

The new section can be found under the ‘Home’ tab or at the bottom menu, under ‘Tools’:

As always, let us know if you have any suggestions, comments or general feedback.

Regards,

The Myfxbook team.

Any successful trader will tell you that an integral part of a working and profitable trading system is a trading plan. A trading plan is a set of precise rules which help you achieve your goals. Goals are a main indicator for seeing if your trading plan works and if you follow your trading plan accordingly, which is why it is important to keep track of.

We’re proud to introduce another unique and powerful feature available only to Myfxbook users – Goals – an automated, real time way of tracking your goals progress over different time frames.

Goals will allow you to track 14 different goal types across 4 different time frames (daily, weekly, monthly and yearly).

Moreover, you can browse through the different periods across different time frames to see which goals met, which isn’t, and if you improve over time in achieving all of your goals.

Goals are powerful not only for you but also for your followers – they can see if you’re reaching your goals as a trader or not.

The Goals feature is private by default, however in case you wish to share it with others, you can do so by setting it to public (in the privacy settings of your account).

The Goals tab can be found in the new ‘trading’ section (which also includes now periods), just below your chart.

Another addition is the share button which replaces the ‘report a bug’ button – you can now share each page on facebook and twitter, view the system’s url and invitation (not to worry, the bug report button is moved to the bottom menu :)).

Let us know if you have any feedback or comments.

Have a great week,

The Myfxbook team.

We’re very happy to announce that Oanda accounts (fxTrade and fxTrade Practice) are now fully supported! Oanda have provided us with a dedicated API which enables us to connect to your Oanda account in a read-only manner and update the data continuously and automatically on our side :).

Support of Oanda accounts is currently in beta mode and can be found in the auto update mode message when going to settings and adding an account:

And selecting Oanda:

You can connect an unlimited number of accounts and sub accounts with only a few clicks of your mouse.

A special thanks goes to Oanda for providing this solution, as promised!

Have a great week,

The Myfxbook team.

We’ve just added some new cool metrics called Periods:

The new metrics can be found in the advanced statistics box, under the Periods tab. It will show you the account’s performance of different periods in one quick glance. It will also show you the difference between previous identical periods for a quick assessment of your account’s performance versus the previous identical period. For example:

This month $100.00 (-$52.00) – means that the account profited this month $100 which is $52.00 less than last month.

This year $1100.00 (-$352.00) – means that the account profited this year $1100 which is $352.00 less than last year.

(The new metrics will become available as soon as your account gets updated with fresh data).

Let us know what you think! 🙂

Have a great week,

The Myfxbook team.

Some minor updates this week;

You can now filter events in the economic calendar by date:

The verification row was redesigned to include vital information of a system:

The calendar now has tool-tips to easily explain an event’s result:

FXCM users – we’ve upgraded the FXCM publisher, so if any of you are experiencing crashes, please download the updated publisher.

Have a profitable week!

The Myfxbook team.

Using Myfxbook on a constant basis to analyze your or others’ performance, checking the latest streaming forex news or browsing the live economic forex calendar may become time consuming which can sometimes distract you from trading. To make sure you’re always in tune with the markets, we’ve added the toolbar – a real time toolbar which shows you current data for the economic calendar, recent news stories and forex rates at the bottom of the screen, no matter which section you’re currently viewing (can be minimized):

Clicking on any of the 3 categories will open a more detailed view of the category in question which will also allow you to quickly go to the item in question.

This feature is in beta mode and is gradually turned on for all users to make sure everything is in order.

Your suggestions and feedback on this feature would help us in shaping the toolbar further – if you have an idea on how we can make it even better (we’re sure you do! 🙂 ), do let us know!

Regards,

The Myfxbook team.

We’ve just released new features and improvements:

Each user has now a feed in the user page . Moreover, other users can post in your feed and comment on it also (you have full control of the content):

New sections in the mobile site; Real-time news and rates:

Translation search (both in the original text and in the translations) for easier and quicker translation process:

Calendar’s actual figure is now colored in green for a “better than expected” result and in red for a “worse than expected” result, for a quicker interpretation of the results:

We’ve also opened a Facebook page and added a like , a Google +1 and twitter buttons so do show us how much you like us by clicking it below this post (we know you do!) 🙂

Have a great and successful trading week!

The Myfxbook team.

We’re excited to announce the top 3 traders of our latest contest sponsored by GO Markets. The top 2 traders ended the contest with a gain difference of only 25%, so this was a very close call!

1st place Contest – vushtrri ending with a 2981.76% gain.

2nd place Contest – fian182 ending with a 2956.11% gain.

3rd place Contest – Manyafx ending with a 877.86% gain.

The happy winners get prizes in total of $4,000! (Winners, you will be contacted by GO Markets to claim your prizes).

We would like to thank all of the competitors for making this contest super exciting! 🙂

Those of you who have missed the chance of participating in this contest should get ready for our next upcoming contest which is due real soon!

Regards,

The Myfxbook team.

We’ve just added new contest widgets – traders competing in the contest can use a live widget (7 different colors) to post their performance on blogs/websites/forums:

The widget is self updating, so you need to post it only once! To see the widgets, simply click the ‘Widgets’ button in the contest page where your rank is showing (it is seen only for competitors).

As to the contest itself – we’re 15 days in, and there are no clear winners as of yet:

Some interesting statistics on the contest:

Out of the 77% of accounts traded, the profitability breakdown is:

Wish you a successful trading week ahead!

The Myfxbook team.

Our 5th trading contest has started less than 12 hours ago – we would like to point out that over 1,830 traders from 116 countries worldwide have enrolled to the contest! This the largest numbers of participants in our contests as of yet, which will make it even harder to win the contest.

To see your ranking and progress (and of others)  in real time, please go here: https://www.myfxbook.com/contests/trading-championship-september-2011/5

We wish you good luck! 🙂

The Myfxbook team.