A new year has started and we haven’t stopped development! 3 new features were added this week based on your feedback:

Community outlook notifications – you can now set unlimited, pre-determined levels for the community outlook, per symbol, to be notified in real time once those levels are breached. You can set either a long or a short notification based on percentage, volume, or positions.

Open positions Exposure – when trading multiple currency pairs in different directions or scaling in and out of a position, it is difficult to understand your current total exposure, but no more – you now have an exposure tab which will reveal you in one quick look the exact exposure of your account to the market – you will see total lots, total profits and average entry price based on a currency pair which can also be broken down based on trade direction. For example with the image below, you can see that 15 open trades show in the Exposure tab as only 4, which is simpler and easier to understand:

(Keep in mind the exposure tab inherits the same privacy settings of your open trades, ie for example if you hide open trades, the exposure data will be also hidden).

Trade Management when AutoTrade provider is disqualified – up until now, when a system was disqualified from AutoTrade, any of its open positions were automatically closed in follower accounts. Now you can control this setting in case you wish to leave such trades open (these settings can be accessed from the main AutoTrade page, by clicking the settings icon ):

We’re working on some new sections for Myfxbook so stay tuned :).

Wish you a great and successful year ahead!

The Myfxbook Team.

We’re happy to announce a new forex trading contest sponsored by Price Markets and the last one for 2013! 🙂

The prizes are in total of $6,000 and will be distributed as follows:

1st place – $2,500

2nd place – $1,500

3rd place – $1,000

4th place – $500

5th place – $500

6th place – $500

Traders will start with a balance of $10,000 and a leverage of 1:100.

To register for the contest, please go here: https://www.myfxbook.com/contests/forex-contest-price-markets/18/rules

Wishing you an exciting weekend! 🙂

The Myfxbook Team.

Congratulations to the winners of our recent contest sponsored by Excel Markets. After 30 days of competition, here are the winners:

1st place, winning $5,000 after gaining 21,955% – Contest – hamdann

2nd place, winning $2,000 after gaining 6,073% – Contest – alexsukno

3rd place, winning $1,000 after gaining 4,838% – Contest – dudud

4th place, winning $500 after gaining 1,226% – Contest – Davyzheia

5th place, winning $500 after gaining 1,218% – Contest – amzhc

6th place, winning $200 after gaining 933% – Contest – bjc9

7th place, winning $200 after gaining 828% – Contest – seb32

8th place, winning $200 after gaining 822%  – Contest – polossat

9th place, winning $200 after gaining 640%- Contest – poovanart

10th place, winning $200 after gaining 593% – Contest – Powers

Winners, you’ll be contacted by Excel Markets to claim your prizes.

Moving on to the contest’s analysis:

If you click on the above info-graphic, you’ll find the following data:

– 26% of accounts didn’t open a single trade. Out of the remaining 74%, only 9% of accounts were profitable while 65% lost money.

– Almost 40% of accounts got margin called

– The 1st place ended way ahead of the competitors.

– Winning and losing accounts had almost identical trade profitability (66% win, 34% losses)

– Winning accounts had 5 times a larger average win (16 pips) versus the losing accounts (3 pips) yet also a 7 times larger average loss (-21 pips) vs the losing accounts (only -3 pips).

Wishing you a profitable week ahead!

The Myfxbook Team.

This week we’ve upgraded community outlook – as per your request, we’ve added 47 currency pairs which will help you understand the current positioning of the Myfxbook community and this is the full list:

EURUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, EURAUD, EURJPY, AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURCAD, CADJPY, EURCHF, EURCZK, EURGBP, EURHUF, EURNOK, EURNZD, EURPLN, EURSEK, EURTRY, GBPCAD, GBPCHF, NZDCAD, NZDJPY, NZDUSD, USDCHF, USDDKK, USDHKD, USDHUF, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTRY, USDZAR, CHFJPY, AUDCHF, GBPNZD, NZDCHF, XAGUSD, XAUUSD, CADCHF, GBPAUD, SGDJPY, GBPSEK, TRYJPY, NOKJPY, ZARJPY, HKDJPY, USDRUB

As the list grew longer, we had to remove the chart from the main outlook section and place it inside each currency pair.

Entering a sepcific symbol will reveal the positional chart based on the timeframe and the positinal data such as total volume and number of positions per short or long.

Moreover, you can now adjust which symbols to show in the dashboard in the community outlook box:

Wishing you a great rest of the week!

The Myfxbook Team.

We’re happy to announce a new trading contest sponsored by Excel Markets! This time around, a total of $10,000 will be given out to the top 10 traders:

1st place – $5000

2nd place – $2000

3rd place – $1000

4th place – $500

5th place – $500

6th-10th place – $200

Important to note that there is no requirement to open an account with the broker – the winners will receive the prize money in cash, according to their preferred payment method.

To register, please go here: https://www.myfxbook.com/contests/forex-contest-excel-markets/17/rules

Good luck!

The Myfxbook Team.

As the leading social forex analytical service, we always work hard to add features which improve the analysis capabilities of your Forex trading account, however this time around, we’re improving the social aspect of Myfxbook 🙂

This is a feature that has been asked since day one and we’re very excited to add this capability to Myfxbook – a real time chat!

You now can have your own contact list which you can access by clicking the bottom (new) chat icon:

Clicking on a username in the contact list will open a chat window:

This new contact list and real time chat will help you to keep in touch with your contacts and chat with them in real time whenever they’re online – you are able to chat with multiple contacts simultaneously!

To add a user to you contact list, simply go to a user’s page and click the new ‘Add Contact’ button:

If you have any suggestions or feedback, as always, let us know!

Wishing you a great week ahead!

The Myfxbook Team.

We’re happy to announce of a new section called Liquidity – as many users asked, we’ve created a real time liquidity chart based on the data of multiple brokers and currencies:

The liquidity chart provides a very quick way to analyze and estimate the current forex market liquidity and also compare the liquidity averages of different sessions.

Another update is the addition of Pepperstone to AutoTrade!

You can now open an account with Pepperstone to have it automatically traded with AutoTrade.

We have many exciting features coming up in the next few weeks so stay tuned!

An important update regarding the latest contest; As a general rule, we try to look for a big variety of contest sponsors to be able to accept all traders so no one left out of the competition, as not all brokers can operate all over.
This failed us with our latest sponsor, Andromex. They have disappeared before delivering the prizes to the winners (website is down and phones are disconnected). Obviously all of the competitors worked very hard (especially the winners) so just to let you know that we are doing all we can to track down the broker and hopefully to have some news soon.

Wish you a profitable week ahead,

The Myfxbook Team.

We’re happy to announce the winners of the latest contest. Total $7000 in prize money is given out to the top 10:

1st place – Contest – Mirweis with 6479%, winning $3050.

2nd place – Contest – mowgly7 with 3330%, winning$1450.

3rd place – Contest – kazem with 2351%, winning $950.

4th place – Contest – Kakang Prabu with 1695%, winning $500.

5th place – Contest – aliforex with 1643%, winning $250.

6th place – Contest – GeorgeP with 1250%, winning $200.

7th place – Contest – nationalevisa 1204%, winning $200.

8th place – Contest – heimdall with 1133%, winning $200.

9th place – Contest – mandimih with 1050%, winning $100.

10th place – Contest – bangful with 1023%, winning $100.

Winners, you’ll be contacted by the broker to claim your prizes.

Analyzing the contest data shows the following results:

Happy Sunday,

The Myfxbook Team.

After so many requests, we’re excited to announce the full (and first!) integration of cTrader suite of platforms – the leading NDD/DMA FX trading platform – cTrader users can now enjoy the full (and unique) range of features Myfxbook has to offer.

For the past few months, we’ve worked hard with Spotware’s team to create a dedicated solution, to have your account connected with no software required from your end. We would like to thank Spotware for their great support – it was a pleasure working with you! 🙂

Spotware Systems (cTrader) had also commented:

Users have been asking for myfxbook services almost since we first launched. Now thanks to the work of their great team, myfxbook and cTrader have been fully integrated, and our traders can use their unequalled trade analysis and money management systems.

The connection is super user friendly; just go to the settings area, select cTrader as account type and once redirected to their website, choose which accounts should be processed – accounts will be processed instantly and will keep updating every 5 minutes.

After hitting the ‘Continue’ button, you simply need to select the accounts to connect with Myfxbook:

A few more updates and features:

MT4 auto update – auto update has been fixed and although we’re still fine tuning it for the past few weeks, you can go ahead and use it (you can switch an EA/publisher to auto update mode through the settings).

AutoTrade quick analysis button – users of our free AutoTrade service can now analyze providers with a click of a button; going to your system and viewing the ‘AutoTrade’ tab will reveal analyze buttons per each provider – click it to quickly analyze the provider’s performance in your account.

Menu Watch List – your portfolio menu now includes quick access to all of your watched accounts for easier navigation:

Have a great week,

The Myfxbook Team.

Dear Myfxbook users,

We just wanted to let you know that we’ve been working hard on the auto update method which was removed a few weeks back. We’re glad to report of significant progress – the auto update option will be fully restored very soon so you’ll be able to have your accounts updated just like before.

We would like to thank you for your great feedback and apologize for the inconvenience caused.

Have a great week!

The Myfxbook Team.