{"id":5045,"date":"2011-08-04T16:58:37","date_gmt":"2011-08-05T02:58:37","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=5045"},"modified":"2022-11-13T22:31:15","modified_gmt":"2022-11-14T05:31:15","slug":"video-tour-of-myfxbook","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/video-tour-of-myfxbook\/","title":{"rendered":"Video Tour of MyFxBook"},"content":{"rendered":"

UPDATE (Nov. 13, 2022):<\/strong><\/span> This is one of my oldest posts and since I wrote this, I've found much better trading journal solutions. You can see my current recommendations here<\/a>.<\/p>\n

If you do not like to record your trades like I do, then this may be the solution you have been looking for.<\/p>\n

In a previous post, I showed you how to get Oanda to work with MyFxBook<\/a>.<\/p>\n

In this post, I thought I would take a step back and show you what it can do.<\/p>\n

The best part about this site is that it is totally free and you can post your trading results from MyFxBook to a widget on your website or create a link to your reports to show potential investors or other traders.<\/p>\n

There are a lot of metrics that you can view about your trades.<\/p>\n

These measurements can help you discover things like: why you may not want to trade on Tuesdays or you may need to do more backtesting in the EURCHF.<\/p>\n

As a side note, I actually tried to create a trading log like this in Microsoft Excel, back in the day.<\/p>\n

It just got too complicated and I felt that I was wasting my time developing that spreadsheet when I really should have been backtesting and figuring out a way to trade better.<\/p>\n

I resigned myself to using a simple spreadsheet instead and using very simple analysis.<\/p>\n

Using the interbroker capability of Metatrader, these reporting websites can now update your log automatically and provide more information than you ever imagined possible.<\/p>\n

Anyway, here is the video:<\/p>\n