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forex simulator
If you talk with experienced traders, you will hear that the secret to success is a simple combination of patience and practice. Using a real time demo account, this is a great deal easier said than done. The single greatest challenge new traders face is impatience and that, we have come to believe, is more often than not driven by the use of real time, demo accounts. Prospect traders, enticed by seductive offers of free $50,000 demo accounts and the promise of easy riches, start the learning process with the best of intentions - to thoroughly test a trading strategy or signal service before they open a live account.
Unfortunately, the tedium of real time demo account trading turns to boredom and that, more often than not, leads inexperienced "traders" to open a trading account before they have had an opportunity to perfect their trading skills.
If you are interested in learning how to trade successfully, you can learn more in a week of historical simulations than you can learn in six months using a real time demo account driven by live price action. Using our desktop simulator you can test your favorite trading strategy against a virtually unlimited supply of historical feeds. It is preloaded with historical charts for the following currency pairs from 1999 to September 2005.
• AUD/USD
• AUD/JPY
• USD/CAD
• USD/CHF
• CHF/JPY
• EUR/USD
• EUR/CHF
• EUR/GBP
• EUR/JPY
• GBP/USD
• GBP/CHF
• GBP/JPY
• USD/JPY
• USD/NZD
One of the simulator’s greatest benefits lies in providing you the means to effortlessly display calculated pivot points (support and resistance points displayed as horizontal lines on each day’s chart) with a single click of your mouse. This enables you to immediately start practicing and reinforcing your understanding of the proprietary, pivot point trading strategy we teach here at ForexInterBank.
Got a day job? Test your trading strategies at your own convenience - on weekends and during non-optimum trading hours. Want quick confirmations? Make a call. Fast forward and get immediate feedback. Rewind to review. Want to test your strategy against the current market? Download current data. The optional data downloader will keep the simulator’s data sets current up to the second for 30 currency pairs.
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By LFH in forum FX Articles
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