Myfxbook.com Ends ForexStreet Partnership, Expanding Marketing Team

The management of Myfxbook.com, which offers a 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 portfolio tracking service and a social forex community, is making major changes to its business approach. The company has ended its 11-year long partnership agreement with ForexStreet and is now focusing on building an in-house marketing team.

Commenting on the prospect, Myfxbook CEO Alex Rekun, said: “As part of our growth strategy, we have formed a new in-house marketing department to execute marketing strategies and tactics that drive growth and take care of all advertising aspects of our customers.”

A Leading FX Industry Player

Founded in 2009, Myfxbook has made quite a name in the industry over the years. It is an online automated analytical tool for forex trading and a social forex community enabling its users to track, ‎compare, analyze and share their trading activity, currently supporting over 100 brokers and most popular platforms.

The platform has turned itself into a single third-party platform for forex market research and analysis, and it also enables traders to manage trading accounts with multiple brokers.

Additionally, Myfxbook gained a Cyprus Investment Firm (CIF) license at the end of 2014 to make its services regulated, but the company ended up renouncing its license within a couple of years as it was not used within twelve months from the date of its issue.

The Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term platform works with both brokers and traders and the recent boom in retail trading must have spiked its demand as well. Furthermore, Rekun revealed that the company is expanding its marketing and will focus on widening its offerings to the brokers.