In this post I will be reviewing Forex Simulator. This is a very useful forex trading tool that allows you to practice trading over historical data by placing and managing orders as if trading in real time. Practice makes perfect and the Forex Simulator tool will allow you to train your trading skills faster without needing to take any risk. You can even practice your trading skills on the weekends when the markets are closed. You do not need to wait for specific market conditions or chart watch for hours waiting for your trading system signals, you can practice at a time and pace that suits you. With this tool you essentially control time and can focus on the most important aspects of a trading system. It is a quick and efficient way to test how a trading system would have performed over historical data.
Forex Simulator Features
The main feature of the Forex Simulator tool is the ability to move back into time and replay the markets from any point in history and test a trading system. The tool can display charts, indicators and economic events as if in real time. You can place orders, modify open orders and close them as you would trading on a live chart. The simulation speed can be adjusted so you can adjust it as and when required. It is a much faster way of testing a trading system than paper trading or forward testing. Of course, we must consider that this does remove some of the important factors of trading such as trading discipline and emotions. The tick data used in the Forex Simulator is very high quality downloaded from Dukascopy up to 10 years back with real spreads, so much more reliable than your normal MetaTrader 4 historical data. You can run this forex trading simulator on 33 forex pairs, gold, silver, oil and 12 stock indexes. It can be used to simulate trading on multiple time frames, custom time frames and even on renko charts. The built in economic calendar will display economic releases on the chart. You can save your simulations, use any indicator, control the risk, apply automatic trade management, save html reports and much more!
Forex Simulator Summary
This is a fantastic forex trading tool and perhaps the best forex simulator available. It does everything you would need it to do and more. Anybody who wants to practice and test a manual forex trading system should use this. The time it will save you will be invaluable and it can also allow you to master your trading system. It comes with lifetime updates, support and a money back guarantee. If you are looking for a realistic tick data forex trading simulator then this is certainly an option.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.