Forextester Professional Forex Training Software

Forextester Professional Forex Training Software



ForexTester - professional forex training software.
Recently new forex software,​ which could be useful for many traders,​ was released.
ForexTester - is​ a​ professional forex trading simulator .​
It reproduces fluctuations of​ currency exchange rates for any chosen period of​ time with regulated speed of​ quotes updating .​
a​ user can make trading decisions on​ historical data,​ develop and test trading strategies .​
This software - is​ an​ excellent tool for quick and convenient study of​ trading,​ for gaining and improving trading skills without risking real money .​
The main purpose of​ this forex software is​ to​ provide a​ trader with opportunity to​ develop individual discretionary methods of​ market analysis and making corresponding trading decisions .​
Such trading strategies usually are very difficult to​ be realized as​ mechanical trading systems,​ but they are of​ high potential to​ be ignored .​
Generally,​ for achieving stable positive results in​ trading,​ it​ is​ necessary to​ have a​ confluence of​ several important factors: method of​ analysis,​ system of​ making decisions for opening/closing positions,​ risk- and moneymanagement,​ discipline in​ implementing of​ worked out rules .​
Forex trading,​ as​ a​ profession,​ demands possessing professional knowledge and professional skills .​
That is​ why it​ is​ naive to​ expext stable positive results after practicing on​ demo-accounts,​ provided by forex-brokers,​ reading news feed or​ useless articles on​ fundamental analysis .​
There are hundreds of​ books written on​ the​ theme of​ technical analysis methods,​ but just a​ few programs,​ which provide the​ opportunity for full studying the​ efficiency of​ these methods and working-out concrete rules of​ making corresponding trading decisions .​
It is​ difficult to​ study the​ technical analysis methods objectively because of​ two reasons .​
First,​ particular features of​ human psyche in​ subjective perception and interpretation of​ graphical information,​ and second,​ psychology of​ decision making .​
When a​ person studies charts with historical data in​ retrospective,​ he presumes himself of​ being able to​ analyze the​ situation and make the​ best possible trading decision .​
He tries to​ look at​ things with optimism and overestimates information sufficiency .​
But in​ real-time conditions a​ trader confronts with uncertainty and suddenly recognizes insufficiency of​ information,​ which can drive to​ doubtfulness and increasing of​ mistakes at​ decision making .​
It is​ necessary to​ posess special way of​ thinking,​ precision and unambiguity in​ judgements,​ to​ eliminate emotions out of​ trading process .​
This task is​ not for one day .​
Only through deliberateness of​ actions,​ striving for objectivity and by systematical training such tasks can be realized .​
Development of​ technical analysis methods and making corresponding trading decisions often implies thorough studying of​ price patterns and indicator signals .​
Subsequently,​ there are systematization of​ observations and then the​ determination of​ clear and unambiguous rules,​ which he/she can apply to​ eventually become professionally qualified and profitable trader .​
Would you​ like to​ study how to​ correctly use Andrew's Pitchfork,​ fibonacci retracements,​ trendlines,​ Bill Williams' set of​ indicators (including Alligator,​ fractals,​ Awesome oscillator) from Trading Chaos,​ Regression Channels or​ simple signals,​ such as​ moving averages crossover,​ ForexTester (www.forextester.com) could help you​ .​
Ability of​ convenient using of​ graphical studies and option to​ add custom indicators via open interface,​ contribute to​ comfortable and flexible environment for gaining knowledge and skills,​ which are necessary to​ a​ professional forex trader.




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