Forex Tester 2 is a software program that is especially designed and presented to Forex traders as a Forex simulator. It creates a trading environment that makes you feel you are trading on a live account with real money. It is perfect for novice traders who want to practice trading and improve their trading skills through trying different strategies without the need to risk their real money. It is also beneficial for experienced traders who want to try new trading strategies quickly without losing their money.
♦ What can it do for you?
In order to trade, you have first to practice trading and that is why Forex Tester 2 provides you with more than 10 years of historical data which is a good source for you to try the trading strategy that you want whatever it is and you can even try automated strategies. Forex Tester allows you in just few hours to simulate trading years of data through choosing a time frame. It provides you with a wide range of indicators such as MACDs, Bollinger Bands, Moving Averages, RSI, Pivot Points, Parabolic-SAR, Heiken Ashi candles, Stochastic, Keltner Channels and more. You can test trading through using 18 currencies and metals such as silver and gold.
♦ Differs from demo accounts
Most of the online brokers allow their customers to try trading through offering real-time demo accounts. No one can deny that these demo accounts are very beneficial for all traders whether they are newbie traders or professional ones, however there are things that they lack. The real-time demo account does not allow you to upload, view or review any historical data but the the forex simulator allows you to do that at anytime you want.
One of the worst features that you can find while trading on a demo account is that the mistakes that you make cannot be corrected which affects the statistics of your strategy. This problem cannot be found with Forex Tester as it allows you to come back to the point of time that you want, restore or cancel your closed trades and open positions to this point of time.
♦ Trusted to save your money
You can depend on the results that you get to decide whether your trading strategy is a successful and profitable one that can help you to increase your profits or not. The importance of that program comes from helping you to save your money and effort as you do not have to risk or lose your money while trading on a live account with real money because you do not have enough experience or want to trade a new trading strategy.
♦ Does not take a long time
Training and trying trading that takes a long time which may come to be months can be done with Forex Tester in just few days as you can control it according to your needs, accelerate the speed of testing and set up 5 minute time frames or more as you want, choose the indicator that suits you, take snapshots of different trades, keep a trade journal and improve your strategy to be more profitable. You will be able to try your strategy in just 2 hours without being tied to a specific time to be able to try trading. You can test your strategy at any hour throughout the day, on weekends when the market is closed and you can also control your testing to pause or continue it according to your needs and the time in which your are not busy.
♦ Detailed explanation
Forex Tester provides you with all the information that you need to be able to use the software without problems. You will get video tutorials that explain to you everything in detail starting from downloading and installing the software to trading and using templates. There is also a written explanation for those who like reading.
♦ Demo version
You are given the chance to download and try Forex Tester without the need to pay anything. You will be able to test just one month of historical data and test for just one hour without interruption and after this hour, you can start a new test. The trial version does not allow you to save testing results, templates or projects.
In addition to getting a demo version for free, you will receive a 30-day money-back guarantee that gives you the chance to try the full version for 30 days after purchasing the program. If you find for any reason that Forex Tester is not satisfactory for you, then you will get a full refund without being asked any question.
• Forex Tester is not compatible with Mac Operational Systems, however it can be used with Windows 2000, 2003, XP, Windows Vesta, Windows 7 and Windows 8.
• The free trial version or demo version is offered with limitations, but you can remove them when you purchase the full version.
• It requires exerting a little effort to learn how to start testing and trading through this software but thanks to the offered education materials that provide you with a detailed explanation, you will be able to quickly get used to using it.
♦ Customer ratings
Most of the customers who tried Forex Tester assure that it is really helpful. It saved their time as they can perform several tests in a short time period. It also saved their money because they do not need to purchase other additional programs or to risk their money when they trade on live accounts.
♦ Price value
In order to be able to benefit from all the features that are offered by Forex Tester and to be able to start learning how to trade on the forex market, you will need to pay just $199 and this is for one license only. You can get the software for $139 per license when you order 5 or more licenses.
Coming to the most important thing which is the discounts that are offered to customers through the product that they purchase to attract them. Forex Tester offers its customers several special offers as you can get up to 45% off when you purchase the full version of Forex Tester with other products or services that are offered.