In this post I will be reviewing the FX Blue free web-based service for analyzing and publishing your forex trading results online. Traders from all over the globe can use the FX Blue service to analyze trades from MT4, MT5, cTrader, xOpenHub, Vertex FX, or FXCM TS2.
FX Blue has been around since way back in 2009 and is used by all types of traders including money managers, hedge funds, retail traders and private individuals trading the forex markets from the comfort of their own home.
The FX Blue core web-based analysis and deep statistics are supported by several apps such as the desktop Account Monitor and MT4 TradeTalk.
FX Blue Features
The main feature of FX Blue is that it allows you to connect your trading account so that you can quickly and easily analyse detailed statistics and share them with other traders should you wish to do so.
You can keep track of market movements in forex, commodities, cryptocurrencies and other markets with real-time charts, technical analysis, live trader sentiment, trading calculators, and much more.
FX Blue also provide free apps for traders and software developers, including the hugely popular Personal Trade Copier and Trading Simulator.
There is also a section of the FX Blue website where you can keep updated about news from brokers including their latest developments, market analysis, bonus and promotions. You can even compare broker spreads to help choose the broker that meets your own individual needs. 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.
The Trade Mirror is a free service for sending trading signals over the internet to other computers (currently for MT4 only). It is widely used by traders all over the world as a broker-independent alternative to MAM systems etc. FX Blue provides all the required technology so that traders can run their own trading competitions for free, or take part in broker competitions being run in conjunction with FX Blue.
FX Blue Summary
FX Blue is a free online forex service that can give detailed analyses of your trading accounts and help you to review the accounts of other traders and trading systems. This can be especially useful for money managers or trading software providers who are looking to attract new clients and want to showcase their trading portfolio.
In addition to this core functionality, FX Blue does have some other useful features but is limited when compared to some more well-known social trading platforms such as Myfxbook and ZuluTrade. Despite that, the trade copier and trading simulator features can be very beneficial to traders of all experience levels and they do offer a choice of free trading apps.