In this post I will be reviewing the FX Blue free web-based service for analyzing and publishing your forex trading results online. Trading the markets can be a confusing process. If you’re looking for a way to trade them that helps you focus on the right information, FX Blue Labs has just the tools you need. It’s designed for traders, by traders, to help with your execution and analysis. 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. Publication of new and closed orders is nearly instant. You will find some very useful tools for traders, including trade copying, simulators, account analysis, technical indicators, and many more.
What is FX Blue?
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 Labs has built a catalog of multi-platform, multi-lingual, market-informed apps which help brokers to promote and distinguish themselves. Additionally, at the same time, it helps traders optimize the way they trade in order to be more successful. These apps give traders institutional quality tools over and above those provided in the underlying trading platform.
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. The FX Blue Trading Simulator converts the MT4 strategy tester into a tool for practising manual trading using historic data. You can use the Simulator to test how well you would have fared under particular historic market conditions – and/or to check how well your favourite indicators would have guided you in the past.
The Simulator lets you place market and pending orders, set trailing stops, alter the s/l and t/p on orders by clicking on the chart, save complex order definitions as templates, quickly close all open orders, plus many more features which are not available as standard in MT4. The results of a simulation can be published to the FX Blue website, giving you access to the full FX Blue reporting and analysis functionality.
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.
Why use FX Blue?
FX Blue Labs’ apps and services are truly market-informed. They have evolved in response to feedback from brokers and thousands of traders around the world. The apps help people trade with top efficiency and make more informed trading decisions in a confident manner, covering every style and need. FX Blue’s mission is to deliver institutional-quality software and services to brokers, traders and developers worldwide. I think they have implemented a whole host of useful tools and features that help them achieve this goal.
FX Blue Live is a free service for publishing and analyzing your trading history. Publication is almost instant after trading activity, with updates as frequently as every 60 seconds while trades are active. You can combine accounts into portfolios, embed full results and analysis on your own website, or collect your history using the powerful APIs. You will find many forex robots use Myfxbook to publish and verify results for potential users to see before buying.
FX Blue Summary
Overall, I feel like this is a simple yet very handy trading tool that can be utilised in a variety of different ways depending on your own needs. I personally like how it can be a great way to verify trading strategy results and to analyse statstics in detail with a modern and intuitive user interface that makes eveything as clear as possible.
FX Blue Labs, a leading provider of apps for the FX and CFD markets, can help you customize your trades with cutting-edge widgets, trading apps, and charts. However, it is not quite as indepth as its main competitor in Myfxbook.
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.
You will also find a package of useful, commonly-requested chart indicators available for MT4 and MT5. These can be great for building your own bespoke trading strategy templates and for finding trading signals to make informed decisions.
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.
- Free Apps
- Detailed analysis
- Multiple trading platforms
- Trade Mirror
- Trade Copier
- Trade Simulator
- Market data
- Forex signals
- Takes Time To Learn How To Use
- Limited Functionality Compared to Myfxbook
- Can be used to publish misleading results
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.