A Complete Guide to Myfxbook: The Pro Tool for Trade Tracking
21st Apr 2025
In the fast-moving world of forex and automated trading, having clear, reliable, and real-time data about your performance is essential. That’s where Myfxbook comes in — a free yet powerful analytics tool that helps traders of all levels monitor, evaluate, and improve their trading strategies. Whether you're using Expert Advisors (EAs), manual trading, or copy trading systems, Myfxbook offers transparency and actionable insights like no other platform.
What Is Myfxbook and How Does It Work?
Myfxbook is a web-based performance tracking and analytics platform for forex traders. By linking your MetaTrader (MT4, MT5), cTrader, or other trading accounts to Myfxbook, you can automatically track every trade, measure statistics, and get visual breakdowns of your performance. It offers a combination of live account verification, advanced charting, and community interaction features — making it a go-to choice for serious traders.
Once connected, your account data updates automatically, so you don’t have to worry about manual entries or Excel sheets anymore. You also have the option to keep your trading history private, public, or partially visible for verification purposes.
Key Features of Myfxbook for Traders
What sets Myfxbook apart is its wide range of features tailored specifically for forex traders. These include:
• Automated performance tracking – View win/loss ratio, average trade duration, drawdowns, and more in real-time.
• Customizable reports – Break down performance by symbol, hour, day of week, or order type.
• Verified trading history – Build trust by showcasing a verified, uneditable track record to clients or investors.
• Trading journal – Add notes to trades and analyze patterns in behavior or strategy.
• Community insights – Follow and compare your stats with thousands of traders globally.
Each of these tools helps traders gain more clarity, which leads to more informed and calculated decisions.
Why Traders Trust Myfxbook
One major reason traders prefer Myfxbook is transparency. In an industry where many services exaggerate performance, Myfxbook offers a third-party verified view of actual results. It also supports broker verification, so you can prove that your account is real and not demo.
Moreover, for traders managing others' funds or selling signal services, Myfxbook becomes a badge of credibility. It allows you to prove consistency and success without having to send spreadsheets or screenshots.
How to Connect Your Trading Account to Myfxbook
Connecting your trading platform to Myfxbook is simple. You can do it in just a few steps:
1. Create a free Myfxbook account.
2. Choose your platform (MT4, MT5, cTrader, etc.).
3. Provide investor login credentials (read-only access) for account connection.
4. Wait for verification (usually instant).
Once linked, your account data begins syncing automatically and will be displayed on your private or public Myfxbook dashboard.
Using Myfxbook to Improve Your Strategy
Myfxbook isn't just for monitoring — it’s a tool for growing and refining your trading edge. You can identify patterns in your mistakes, find optimal trading times, and test how certain strategies perform under different conditions. Its detailed stats like Sharpe ratio, expectancy, and risk of ruin can help you fine-tune your risk management too.
If you're trading with an EA or robot, Myfxbook also gives you visibility into how it performs in different market conditions — so you're not flying blind.
Final Thoughts: Track Smarter, Trade Smarter
No matter what your experience level is, consistent success in trading comes from measuring and understanding your actions. Myfxbook offers a pro-level toolbox to do just that — for free. It brings transparency, discipline, and strategy into one space where your trading evolution becomes visible and measurable.
Want to combine expert trade tracking with powerful automation? Our platform is built to support traders just like you — whether you're managing your own portfolio or scaling with EAs. Explore all we offer by visiting the homepage, and if you’d like help getting started or setting up analytics, our team is always just a message away on the contact us page.