Myfxbook to Launch Copy Trading

Online Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading community myfxbook which specializes in providing a shared statistics on broker spreads, currency moves, and trader performance will soon be launching a copy trading product. As the portal has been providing trading stats for years, the emergence of copy trading is makes sense as a natural extension of the site. According to a representative of myfxbook, they believe that they will be adding value to the space by providing a product that emphasizes Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and profitability as isn't simply looking to target high volume trading to generate revenues for brokers and IBs.

The copy trading sector continues to get more competitive as brokers are launching their own products along with a steady rise of cross broker initiatives being started.

Myfxbook has provided these highlights about the coming offering

- platform is designed to limit risk taken and therefore protect accounts.

- service providers (ie systems to be copied) are hand picked and real only (no demos).

- service providers get paid for profitable trades only, which will eliminate "volume traders" (as in zulurade).

- all of the statistics are based on real figures (unlike zulutrade which work with imaginary pips).

- technology wise, it is built directly with the Metatrader platform, so we can support every broker (we will be working with selected few).

- cost is added to the spread in the form of markup.