I believe myfxbook launched Autotrade approx 1 year ago. I was wondering if anyone was actually using it. They don't seem to have a lot of subscribers but looking at the providers they seem decent quality. There is one live account with over 1 mill$ balance, but also some under 5K. Not as many people have signed up as providers but that could be because they have very strict conditions for being a provider, which I fully support. As compared to eToro where you have no idea if accounts are live or Demo
They do have a simulator tool which shows you would be very rich in one year with a 10K investment so I am little wary of it, things that seem 2 good to be true usually are.
I am thinking it of using it as active learning process as well. Since I only have 1 year trading experience, I can see the trades that are opened, then follow them closely (since my money is on the line) and see where they pick entries and exits and note which fail and which win.
I was considering trying it out. Any reviews or thoughts by anyone are welcome.
They do have a simulator tool which shows you would be very rich in one year with a 10K investment so I am little wary of it, things that seem 2 good to be true usually are.
I am thinking it of using it as active learning process as well. Since I only have 1 year trading experience, I can see the trades that are opened, then follow them closely (since my money is on the line) and see where they pick entries and exits and note which fail and which win.
I was considering trying it out. Any reviews or thoughts by anyone are welcome.