{"id":733,"date":"2016-11-22T09:00:41","date_gmt":"2016-11-22T09:00:41","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=733"},"modified":"2020-09-21T11:32:40","modified_gmt":"2020-09-21T11:32:40","slug":"fxstat-platform","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/fxstat-platform\/","title":{"rendered":"FXStat Forex Brokers"},"content":{"rendered":"
The worldwide popularity of social networks and the possibilities it offers is, of course, long recognized by Forex brokers too. The Forex trading social networks have become popular with traders sharing experiences, following signals, copying other traders and ultimately adapting their trading style and strategies.<\/p>\n
FXStat, as its name would suggest, was conceived as a mixture of Forex and Statistics center where users would easily use stats and analytics tools to improve their trading. Founded in 2010, it focuses on Forex, commodities and stock trading and offers trading record assessment, as well as following and copying the best- performing traders. Of course, there are obvious risks with using FXStat, just as any other social network and with trading in general. However, there are requirements for signal providers as well as filtering tools to minimize the risks and generally ease the use of the platform to all users and provide a good number of quality signal providers<\/a>.<\/p>\n FxStat is available in a number of languages, with a possibility to easily translate the pages whenever you need to. The translation mode can be easily activated and it highlights and translated the needed segments. We\u2019ll firstly address the requirements to be a signal provider with FXStat. These include having an annual return of at least 10%, with good and profitable performance in the last three months and at least 5 pips per trade. This obviously narrows the choice and the overall number of the signal providers to follow. To further reiterate the point, FXStat provides both automatic and manual filtering and search options based on a number of preferences. FXStat will provide you with the possibilities to follow, copy and even auto-trade on both PC and mobile devices including Android and iPhones. There are both open and closed accounts, credit and commission trading as well as PAMM and MAM accounts<\/a>. While you will be able to both provide and follow signals with FXStat, the software allows users to see if the signal is provided from real money or a demo account. The platform will also allow features such as Risk of Ruin, showing the actual risk calculation when following any signal provider, as well as interaction where you can discuss currency pairs, trades, and signals with other traders. This emphasizes the actual Social factor to the network, where you can assess performance, improve your skills and strategies and ultimately profit more easily than you actually would.<\/p>\nFXStat Features<\/h3>\n