In this post I will be reviewing the FxStat social trading network where you can instantly connect with 250K+ traders, check any portfolio in the network, check expert advisors (EAs) results and read real time news in forex and other financial markets. FxStat can be integrated with any MT4 forex broker. It is useful for those who like to analyse trading performance in details not just from their own portfolio but from the activity of other traders. Think of it like Facebook but for forex trading, if you are already familiar with the popular social trading service myfxbook, FxStat is a similar service.
You can track the trading records and portfolio of traders to analyse their trading data in real time. With FxStat you can link your trading accounts and forex robots to build a comprehensive online portfolio. You can even easily connect your results to Facebook and Twitter. FxStat is available on mobile for you to track forex statistics whilst on the go from your iPhone or Android mobile devices.
The Web trading platform allows you to perform trades using only a browser, it allows you access to your portfolio, another traders portfolio, news and charts, while operating MT4 in parallel, to give expert advisor trading simplicity.
You can copy trades by subscribing to a portfolio from other forex and stock traders. You can also provide your own portfolio for other traders to copy. There is also the FxStat forum where traders using the social trading network can discuss and share ideas with each other.
FxStat along with FX Blue, MyFxBook and ZuluTrade is one of the top social forex trading social networks. It is very easy to use and has an abundance of features for analysing your own trading portfolio and other traders’ portfolios. You can also copy trading signals and provide your own signals for copying, all fully automated.
Of course, historical performance of all the trading systems on the FxStat platform are by no means any guarantee of future results. There are news articles and a discussion forum to keep you up to date with some of the latest happenings in the crazy world of forex trading!
FxStat is completely free to use for traders worldwide on any MT4 broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.