The use of Forex Tester can be viewed as holding the same value as the following statement; testing an item prior to purchase and practicing a routine prior to action are commonly observed in almost all individuals. This measure adds a certain degree of certainty to that item's usefulness or for the action to produce an expected outcome.
This principle also applies in business, even when it comes to the complicated world of foreign exchange trading. A very helpful tool in this field will be the Forex Tester software. Forex Tester software can provide all the essential Forex trading tests and trainings without financial risk which live trading and competing investors won't likely tell you.
Forex Tester is considered to be the latest and most effective trading simulator available for investors. The Forex Tester software is intended to give potential investors a hands-on experience on each trading aspect and gives traders a chance to apply all the Forex concepts he or she has learned in the past without the need to place real money. Thus, with the currency price data and trends generated by the system, the buyer can practice deciding when to buy, sell, or hold his or her currency inventory. The Forex Tester will also acquaint the user to the necessary tools, systems, and instruments necessary to make trading much simpler and more accurate.
Among the indicators or systems included in Forex Tester are MACDs and other Moving Average programs, Parabolic-SAR, RSI, Bollinger Bands, etc. Forex Tester comes with a full 10-years of Forex historical data, giving input flexibility to the user in testing strategies and controlling parameters.
Forex Tester VS Forex Demo Account
Forex Tester is oftentimes held in comparison with a Forex trading demo account. Although each has its own set of advantages and both are created purposely to train new traders, notable differences are cited and explained in the following short points:
A demo account relies on current Forex data as trading goes by the day or week, thus; to be able to make currency price projections targeted either for the short term (e.g. 9-day, or 12-day EMAs) or the longer term (24 days above), the trader will have to wait for the actual data before he or she can actually trade. On the other hand the investor may trade instantly, but such a decision shall be based only on that day or week's figures. With Forex Tester, projection or trend generation can be done in minutes since a 10-year historical data is already made available.
Since the Forex Tester has a controllable set of historical data, the user can always have the option to pause, cancel, or restore previously tested transactions, has the power to control the speed of each trade simulation, can choose specific set of currency data from the history and can test several trading techniques or apply different parameters to a single or specified set of data and determine which is the most effective/profitable. For the demo account, the user is testing out live or actual moving figures which he or she has limited or no control at all.
Simulated Trading With Forex Tester Versus A Demo Account
Not only does the Forex Tester benefit the new traders but the more seasoned Forex traders as well. Even the best traders will still have to regularly update, refine, or fine tune their trading strategies and the Forex Tester provides such opportunities without actually risking real money. As all traders know, the losses that encumber Forex trading can be devastating, and can be the nail in the coffin for some. The value from such an investment as Forex Tester should come as no surprise for anyone that has previously traded the Forex.
Forex Tester - Try It For FREE
Forex Tester is a company that has enough confidence in their Forex Tester product line to offer a FREE trial usage of their software, an option not shared by enough software product developers. This no obligation offer from Forex Tester comes with a mindset that you will be completely satisfied and will see the value that Forex Tester has to offer to your trading business.
The demo version of Forex Tester does have some limitations concerning the history length but it gives a very good sense of the capabilities of the software. Assuming you have decided to purchase Forex Tester after taking it for a test drive, all you will have to do is enter in the registration key and all features will be unlocked with no additional work on your end.
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