I'm just getting into Forex trading and have already spent a ton of money on books, a ton of time on forums and a ton of effort doing demo trading.
I stumbled across Forex Tester and decided to give it a try. I'm very pleased that I did.
With it I have been able to do hours and hours of demo trading. Because I can control the speed of the simulation, I can do more demo trading with it than I can with a real demo account (an account that is constrained to real market speed). And I can practice on weekends when the market is closed.
I've already been able to test more than 5 systems and I've learned all kinds of techniques using it - finding support and resistance, drawing trend lines, practicing Fibo retracements and extensions. It has all the studies I could ask for - moving averages, stochastics, MACD, bands, RSI, etc. The interface is very similar to MetaTrader 4 which is the software I first began using to demo trade, so it was very easy for me to learn.
With a few good books, a solid connection to a good training community via a good Forex forum and Forex Tester software, I have everything I need to move toward success in my trading. I'm already seeing improvements in my ability to pick good trades, avoid simple newbie mistakes and I'm seeing my simulated account growing already.
Best money I've spent on my Forex education. I can't recommend this software highly enough. Excellent program!!
Iggy (USA) 20 March, 2008
I have to say that this is a great tool. Even though I've only
been demoing the trial version I'm glad I found it. So far I haven't
found anything similar that didn't require high monthly fees just to get
in the door and try or so overly complex that you feel you need to be a
programmer just to take your first step!
This allows someone, in a painless manner, to train and test out their
theories and strategies without being chained all night to the London
session or so tired and beat up afterwards that the New York session
feels like nine rounds with a boxer breathing in your face!
David F. (USA) 2 July, 2008