Get Forex Experience Faster Using a Trading Simulator

[hockboon]

I am new in fx and this tool comes in handy and helps to shorten my learning curve. Thank you very much for sharing this wonderful tool. Well done.

[matrix01011]

Quantem,
Thanks for posting these links. I have not installed the simulator yet. I'm wondering if you can answer some of my questions first. I'm using Metatrader 4 with some custom templates that have custom indicators. I bought these custom templates from a forex outfit online. Will this simulator work with my custom templates? Also is this simulator using historical data from the past? I'm asking this because I do not see anything in the PDF file that shows how to interface with a text file containing historical data similar to how it is done using another simulator app called Forextester. I would appreciate hearing back from you or anyone in this thread that has tried out the app. Thanks.

Originally Posted by quantem

Here is a great tool to help you get experince faster, by trading on a simulated market. You can enter and exit trades like you would in a real market, so it gives you a more realistic feeling.

You can speed it up, and slow it down as well. I have been able to practice trade a month in about 1 hour using this tool.

The system runs in MetaTrader 4

When learning to trade, there's no substitute for experience. A trader who has spent many months trading a live market will have a feel for the market that is almost impossible to explain.

They will see the pitfalls in some stuations by just recognising similar price action. If you have this experience, you will know exactly what I'm talking about, if you don't have it yet, you wont.

A live market is very different from looking back through charts or backtesting. When you backtest, you can see the bars that are coming, and there is no real stress involved. It's easy to see what signals would have worked, and which ones did not. When it comes to trading for real, you can't see what's coming, and that is a very different dynamic indeed.

Using this tool, you can trade a few months in only a few hours and then easily print out the results, and see how you well you did. You can also make mistakes and recognise them in a safe situation.

Granted it's not as real as using live money but its 10 times more realistic than backtesting. If you treat it as a challenge, it actually creates a pretty realistic view of how well you could potentially do with any system or method.

I personally think it's the second best learning aid there is. Number 1 is live trading but that can be expensive!

[forexhouse]

Great tools. Thanks dude for sharing it

[RIZ79FX]

why i dont have the script file?

[dzakyrov]

wow, great tools. I think this apps will help me learn more before being a real trader.

Thanks

[saslam]

This is a great tool. Thanks a lot.

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