Myfxbook is a very good website that offers various services.
Handy tools, charts and a whole community of different traders.
So it not only allows you to exchange strategies, but also copy transactions.
And above all the ability to share the results from your online account.
How do you connect an account on myfxbook? Myfxbook forex
In this blog I will explain you step by step how to connect your account on myfxbook in short.
Step 1: Register on myfxbook.
Firstly you have to register an account on the site.
It is available immediately on the main page on the right for example look at the screenshot below.
So just set your username, password and accept the regulations.
After a second you will receive an activation link to the email in which you must click and your account will be activated after that.
Step 2: Log in! / Myfxbook forex
Secondly log In.
At the top of the page, you can enter your login details.
After logging in, you can go to the section Portfolio -> Add account and then select again Add Account.
Step 3: Configuration. / Myfxbook forex
For this example I will use the MetaTrader 4 platform and the broker IC Markets.
But you can use the broker you want.
Options for MT4:
- Publisher – data are published based on communication with the FTP server (update every 5 minutes, the most limited possibilities).
- Auto update – data are updated on an ongoing basis via the server (every 5 minutes or less, depending on the load). It is the most convenient option to configure and use.
- EA – by means of an automat running on the platform; is considered the least emergency, but at the same time requires installation and launching of EA.
In the example below I choose the option MetaTrader 4 (Auto Update) and enter the required data.
But you can choose which one you want.
Configuration on MyFxBook:
- Firstly select a broker from the list.
- Secondly add the account name.
- Thirdly enter the broker account number and investor’s password.
Investor’s password – The Investor’s password allows you only and exclusively to view the account (without the possibility of concluding transactions).
So if your broker did not give it to you automatically, you can define them yourself on MT4.
Let me explain.
To do this, go to the section on the platform Tools -> Options -> Server -> Change -> Change investor password.
To define the investor password, enter the master password.
Step 4 : Settings.
If you filled in everything correctly, you will receive a notification on the MyFxBook website about adding your account to the site.
The results will be updated on a regular basis so it won’t be long.
After that you can also change your account settings on the website MyFxBook -> Portfolio -> Add account-> Edit.
This is where you can change the description of the account, the system or information about its configuration.
Step 5: Full verification. / Myfxbook forex
This is an additional option and most importantly it can give more reliability to your fxbook.
Because it means that you are confirmed with myfxbook and you can also share your results.
And of course it gives the most reliability to the authenticity of your account.
-In the account settings on MyFxBook, you can go to the section Verification.
Here you will find the authorization password (authorization password) that was determined by the service.
For example the previously defined investor password on the MT4 platform should be changed to this authorization password.
-After you changed the investor’s password to MT4,
just go back to MyFxBook and select Update password.
And enter authorization password and confirm.
-And finally click here Connect, so we just have to wait for the connection to be approved.
Then you can now use the fully verified account!
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