First let's define what a widget is, as many traders don't choose a widget as they don't know what exactly this application represents. A web widget or just a widget is a type of program that helps you easily add content to your website, blog or start page by using the content of a third party. You find widgets all the time when browsing the Internet - for example, Google advertisements. They are added to your website with the help of a small piece of code provided by the third party involved.
In the case of forex social networks that allow mirror trading, these small applications allow you to publish and promote at the same time your trading activity. Widgets take the form of a tool showing your trading results to your page visitors, automatically updating themselves with information from your performance page. It's a free, convenient to use and simple to install method that helps you get your message across in a wide-reaching way.
Widgets help you not only to promote your activity on a forex platform, but also to keep an eye on your account's performance. Before widgets appeared, traders had to keep their platform open at all times to monitor the activity taking place in their accounts. Now, with the help of these small programs, traders are continuously watching their accounts even if they keep the platform closed.
To publish the new application on your website, blog or forum use the code displayed by your forex platform. If you want to use the widget for your website or blog, then copy the HTML code and paste it in the appropriate section of your page. Alternatively, you can use the BB code - in case the platform provides one - to create a widget that will be displayed in your posts on forums or other message boards.
Traders use the widgets to view as much information as they want, like their account's growth, correlation with S&P500 or with FTSE 100, profit or even all of them. Also, the design of a widget is generally user-friendly: the buttons are big and the icons are straightforward, updating the data in real-time. Pick the colors, the shapes and the sizes of your widgets in accordance to your own website or blog design - or just your own preference - and start spreading the word. The choice is only yours: any feature, performance or information that you want to share, any form or color depends strictly on you.
FxStat is an innovating service for both experienced and novice forex traders, providing a wide range of new tools and information specifically meant to improve trading strategies and results. A completely secure and transparent platform, FxStat allows investors to analyze traders' strategies as well as their own performances, socialize and make new connections and get first-hand information about the forex market. With its latest launched automatic trade service, Tradebook, members have access to the first real-time auto-trading facility.
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