Originally posted by megrawab

FXjunction is new I think. It's sponsored by IBFX. If a trader closes mt4, you will not know when he closes his trades. It's free and open for any broker.

 FXstat, you can see many details on trders and performances, strict signal provider verification procedure, you can get it free through FXopen, and now a rewarding forum.

 Etoro openbook - it seems good, copies a trader automatically and no need to keep on waiting for his next trades to be copied, but only open to Etoro clients.

can you plz explain more about etoro bcs its seems confusing to me :D i just use fxstat thats why iam not familar with the etoro

Etoro is just another broker. I think it's a retail broker and there is a major broker that it is affiliated. As far as I know, it has no MT4 software, but it has webtrader. The one we're talking here is the etoros openbook I think not etoro itself. Openbook (openbook.etoro.com) is a social trading platform introduce by etoro to allow traders to copy other traders. It allows you also to foolow traders so you can eaisly see their trades when you are online. (I am not an affiliate or a representative)

I think that there are many people that are loosing their money, and it's not good for brokers, so they think "if they can't get gains, so lets them copy to the best traders", i'm really anxious to see the future Forex Social Networks Copy Trades War!!!!

Originally posted by mikjurado

I think that there are many people that are loosing their money, and it's not good for brokers, so they think "if they can't get gains, so lets them copy to the best traders", i'm really anxious to see the future Forex Social Networks Copy Trades War!!!!

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That's an interesting point that brokers allow traders to see their clients' portfolios via these new networks. I assume that all brokers have their own expert traders and those (instructors) that produce the education many of them seem to offer. Perhaps the brokers should allow people to see their trading activity, the activity of the companies making money from their clients. Saying that, I wonder how many brokers don't trade at all but just provide the link to the market and take commissions/spreads while they pursuade people to start trading with them by using claims of huge gains in bright flashy adverts?

I also see that many brokers would allow this social trading as well. But I think it would be better that they will start early since it may not be more effective if many brokers are already doing it. There might be a possibility that a single trader may perform a huge role in moving the market when lots of traders are already following him.

Originally posted by megrawab

Etoro is just another broker. I think it's a retail broker and there is a major broker that it is affiliated. As far as I know, it has no MT4 software, but it has webtrader. The one we're talking here is the etoros openbook I think not etoro itself. Openbook (openbook.etoro.com) is a social trading platform introduce by etoro to allow traders to copy other traders. It allows you also to foolow traders so you can eaisly see their trades when you are online. (I am not an affiliate or a representative)

hmm nice work they have done i just pen there site and its take time to learn there techniques and basic information bytheway thanks for yoour information.

Originally posted by sadscorpion

 

Originally posted by megrawab

 

Etoro is just another broker. I think it's a retail broker and there is a major broker that it is affiliated. As far as I know, it has no MT4 software, but it has webtrader. The one we're talking here is the etoros openbook I think not etoro itself. Openbook (openbook.etoro.com) is a social trading platform introduce by etoro to allow traders to copy other traders. It allows you also to foolow traders so you can eaisly see their trades when you are online. (I am not an affiliate or a representative)

 

 

hmm nice work they have done i just pen there site and its take time to learn there techniques and basic information bytheway thanks for yoour information.

 

It's a pleasure to help you!

someone is using FXStat Autotradng System?

I have little knowledge about etoro openbook and fxjunction. I have not used fxstat autotrading but know all details about it.

I have to agree with uniquetrader. He has explained it very nicely. I think his post is enough to differentiate these programs. The best thing I like in fxstat is its easy autotrading setup and low cost.I am sure fxstat will continue providing excellent service at low cost.

Originally posted by mikjurado

someone is using FXStat Autotradng System?

 

Hi,

Yes, I am using it and so far very pleased with it.

:)