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myFXbook...safe to use ?

  • #21
  • Jun 25, 2011 11:09am Jun 25, 2011 11:09am
Quoting zentrader99
Hi
I am using myfxbook for keeping the trading record . Though its functionality is quite good; I am worried about its credibility(So many trolls and all) for any future reference (Be it investor or just interviews) if required.

Is there any reliable website to keep trading records which can give credibility and at the same to help me give analysis.
Zulutrade and all only keeping track of pips, which is quite useless for any shrewd investor.
Collective2 asks for money upfront.Does it worth money?

Please enlighten!!
Thanks
Trade Explorer right here at Forex Factory uses the Investor Password with MT4 to log the data. I think MyFxBook started to use the investor password too.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #22
  • Jun 26, 2011 5:42am Jun 26, 2011 5:42am
Quoting LasVahGoose
Trade Explorer right here at Forex Factory uses the Investor Password with MT4 to log the data. I think MyFxBook started to use the investor password too.
Thanks for the info.Surprisingly, trade explorer is not much popular here at FF.I think everyone's signature should have it. It might be embarrassing to most though.

How does it handle new deposits ie does it separate the profit and deposit in the equity curve?
Hope it does!!
  • #23
  • Jun 27, 2011 2:52pm Jun 27, 2011 2:52pm
i
Quoting zentrader99
Thanks for the info.Surprisingly, trade explorer is not much popular here at FF.I think everyone's signature should have it. It might be embarrassing to most though.

How does it handle new deposits ie does it separate the profit and deposit in the equity curve?
Hope it does!!
We do differentiate between profit and deposits on the equity curve. That is important to traders because while both can increase the balance only one shows actual trading results (profit). We have two charts for this, ‘Equity’ and ‘Profit’. Of course when looking at just ‘Profits’ you get a true sense of profitability. From an equity perspective what we have done is denoted any period (Trade, Days, Weeks, etc) in black to represent that a deposit was made.
  • #24
  • Last Post: Sep 30, 2012 5:40pm Sep 30, 2012 5:40pm
I cant see how it is at all ok to provide your investor password to myfxbook...because then both your account number and password are in the system ( using the publisher option). I assume that people who use myfxbook do not trade live..or are not that smart. Alternatively, I am missing something..and am not that smart.

The other option, the EA option, requires an EA be installed on your PC that interrogates your account....hmmmm...security wise no better at all. Shame - as it has some good functionality.

L
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