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Forex Simulator - Testing Your Strategies With Historical Data


The first step in refining your trading skills and strategies is to accept that this is a process that involves repetition, practice and reinforcement. This is where a forex trading simulator is very useful. It will train, save you money and ensure that you don’t start out a loser.


Many novice traders rush into forex trading enticed by broker ads of 400:1 leverage; free real time demo accounts or simply by the thrill of getting into the action. Even those that test their signals service or trading strategies in real time to see how they perform don’t do so adequately. In any case, there is a limit to how much you can gain from real time practice: testing trading strategies with live demo trading accounts is only useful if you know what you are doing.


Unlike a live forex demo account which functions in real time, a forex simulator enables users to upload, view and review historical data at any given point in time. Used to confirm one's understanding of pattern recognition and trading signals, data can be rewound and fast forwarded to test and retest your knowledge and understanding.


Using a fx simulator enables you to get months of training in just a few days work because you can pause, rewind, fast forward. You can set up 5 minute timeframes to up to what ever you choose. You can take snapshots of trades. You can use any indicator you like. You can keep a trade journal and refine your strategy.


Remember buying those PC games and being able to save a mission before coming back to it, repeating it over and over again until you got good enough to pass the stage? Well a forex simulator works in a similar way. Practice, reinforcement and repetion until you get good. Imagine getting a year of practice in a month!


When you are finally ready to open a live demo account you will see your confindence skyrocket. Why? Because you are finally starting to understand what you are doing. A FX Simulator is a serious tool for serious traders who want to learn to trade first and become consistantly profitable before trading live and with real money. This is why it is fast becoming the number one training tool in the forex education market.


To learn more, take a flash Forex Simulator Product Tour and Download a Free Trial.


Here is a Summary of some of the FX Simulator Functions and Tools available at your disposal:


  • Automatic plotting - of weekly, daily, timed and custom pivots.


  • Complete control of price action - including rewind, fast forward, play, pause and start over. Four levels of speed control are included with every lesson.


  • Standard technical indicators - such as MACD, Moving Averages, RSI etc.


  • Darvas Boxes - this old but resurfacing strategy is showing promise in the forex spot market.


  • Custom zoom tools - and historical data are provided with each lesson.


  • Drawing Studies - such as Fibonacci Time Zones, Fibonacci Retracements, Trend Lines etc.


  • Simulated trading - via hot keys and/or convenient icons.


  • Advanced settings - customize your charts and layouts for maximum personalization of your trading/training style.


  • Digital Trade Record (DTR) - easily capture screenshots by enabling the automatic DTR. The DTR also allows annotation via installed patterns as well as custom notation. The DTR allow complex filtering and sorting parameters to be added to conduct categorical analysis and trade optimization.


  • Screenshots Recording/Library - in addition to the DTR Screenshot recording can be accomplished with a single click for rapid recording of patterns and ideas for later viewing and analysis Screenshots allow text comments and drawing directly on the chart. Screenshots can also be exported as a .bmp file for further annotation in third party programs. The screenshot library allows filtering parameters to be applied for categorical analysis and review.


  • News Bar - integrated news data informs and alerts the trader before any important announcement. Thus trades and analysis can be conducted just as if it were live.


  • Lesson Integration - complete HTML lesson integration of forex price data to enhance, test and build confidence in any trading style. Lesson types range from simple multiple choice text to complex charting graphics and flash video with commentary.


If you are serious about improving your trading, we highly recommend that you download a Forex Simulator.



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