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We will show you where to open a forex demo account to practice without risks. The demo account is the best learning tool for the beginner. The functionality of the demo account is identical to that of a real account, but you trade, not with real money, but virtual. You will be able to execute trades in real time and learn to analyze markets using technical indicators, without risking your own finances.
Trading signals, copying transactions and buying expert advisors on the market are also available in demo accounts. Creating a demo account is the best start to learning how to trade on the forex markets - start now! I think it's an absolute gamechanger.
I understand people use it to backtest strategies to gauge how profitable they are, and while that's a great use for it, I think people are overlooking its true value. If you are new to trading you are more than likely learning from a mentor a strategy that has already been battle-tested and proven. So there is no need for backtesting. You can load up any trading day from the past 20 years and trade it like it's live using whatever strategy you are trying to master.
And you can trade multiple sessions a day; you can trade ALL day if you like. FT 4 can cut the average learning curve in 4ths, making it possible for relatively new traders to become unconsciously competent at the SKILL of trading in record time. Absolute gamechanger of a software. Bravo to the creators. I think it's a must-have for any new FX trader. Charles Customer When gathering to test your strategies no other back testing better than FT4. The historical data gives you enough data to test the market.
There support are very helpful when you encounter problem navigating the software. I recommend this to anyone who wants to have an edge in Forex market and accelerate their learning fast. Virgil Customer The technical support engineer was very knowledgeable about Forex Tester and answered my question in a friendly but professional and clear manner.
Kurt Customer "Forex Tester 4 is an improvement over the previous version as it now allows your own personal EA to be converted in an easy manner to be used by FT4 for testing. Many personal favorite can now be converted and this allows to test a strategy before going with the live account and risking hard earned money.
Very great tool for learning to trade prior to trading real money. Helps gaining confidence in the strategy and the money management. Anonymous Customer "Forex Tester 4 is very good; it has a lot of good features. The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing. The ability to use fixed fractional position sizing is the most exciting feature. This allows users to take realistic trades and see their account growth in real time.
Previously I was using spreadsheets to determine overall performance. I think the ability to leave notes on the chart is another great feature especially for developing traders. It may take a little time for best practices to be established on how to use them most effectively but I think once that happens it will make Forex Tester 4 a staple in trading education. Sebastian Customer ForexTester team did again a very good job with the last and improved version of ForexTester4.
I noticed the attention to details and the high variety of new features added, there is no doubt now that a trader can grow to becoming a professional trader without FT4 in their arsenal. All new features are very useful, one more than another, even starting from the new Icon of the software which I find it very thoughtful from FT team because it creates no confusion among users having multiple versions of FT installed.
Dean Customer My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature. It is certainly improving my results when backtesting my shorter term systems as it allows insights for entries and exits that no other backtesting software provides. Nick Jr. Customer Thank you for the opportunity to join the beta-testing team.
I am a Forex Tester user since the Forex Tester 2.