Forex Tester Software
Forex Tester is the coolest software I have seen that helps people learn to trade the forex market effectively. It makes it possible to simulate live trading on historical data and charts in faster than real time mode. Now there were a lot of big words in there, so let me explain.
You can load the history of any particular pair, for most any particular time frame into the software. Then you can connect to that data and trade on it without knowing what the future holds. And you can determine how fast the charts move and what time frames you want to watch, etc.
So you could take 6 months of data from last year on the EUR/USD and trade on 1 hr charts, pausing to place trades, setting up pending orders, marking trend lines, whatever you normally do in MetaTrader, but you could trade that whole 6 months in one day. You would get the experience equivalent of 6 months of trading (chart time) in 1 day.
As a forex coach, I wish my students had this from the beginning, it makes it so much easier to test strategies and practice recognizing patterns, etc. Forex Tester is an excellent tool in the belt of any future million dollar trader.
They even let you test it out for free (Forex Tester Demo). Check my links page listed above in the menu for a discount if you plan to buy it.
By the way, I only recommend things that I’ve purchased myself.
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Hi Jared:
I like the way you’ve identified part 1 then part 2 of (what is to me) an extremely complicated arena. Your posts are easy to understand and nicely presented.
How has your traffic been?
Look forward to visiting your site again to learn more about forex – scary subject.
Look forward also to hearing from you.
http://janetedinblog.com/blog