You can sharpen your order entry skills and alleviate many of these mistakes by practicing on a demo trading account. Misuse of leverage : The financial leverage placed upon a trade can be increased by mistake or on purpose.

Implementing leverage on a demo account can help one understand how to use leverage safely and properly. Periodic lapses in discipline : Overtrading, foregoing stop loss orders and chasing losses are all expensive habits for active forex traders. A forex trading simulator can provide a detailed illustration of exactly how costly emotion and the "human element" really is. Extensive use of a forex demo can reduce the number of unforced errors while helping to promote good trading habits.

In addition, the demo can be instrumental in developing new trading strategies or fine-tuning an existing approach. Being able to interact with the forex market in real-time, risk-free, is a tremendous advantage to both novice and veteran traders alike. No matter which type of trader you are, experience gained on a demo account is a solid step toward achieving success in the forex marketplace.

FXCM's Forex Simulator Options. In the live market, the software trading platform is your portal to the action. So, in order to excel as a forex trader, it's imperative that your trading platform is user-friendly, swift and robust.

As a leading forex brokerage firm, FXCM gives individuals the opportunity to practice trading the forex market on several unique platforms. The following is a look at FXCM's featured offerings. Trading Station. Trading Station is an all-in-one software suite designed for the active forex, CFD and shares trader. Available on the Web 2. As FXCM's flagship platform, Trading Station offers free forex market access for account holders. In addition, features such as VPS hosting, trade automation and the indicators of FXCM Apps are available.

When you're ready, check out a free demo of Trading Station. MetaTrader 4 MT4. Since its launch, MetaTrader 4 MT4 has been among the most popular forex platforms on the market. Featuring advanced functionality and second-to-none accessibility, MT4 is the go-to trading software suite for legions of forex participants worldwide.

FXCM proudly supports MetaTrader 4, free of any trading restrictions. Also, MT4 account holders receive MT4 Expert Advisors EAs and Virtual Private Server VPS hosting. To begin streaming live cryptocurrency, forex and CFD market data free of charge, sign up for an MT4 practice account. NinjaTrader 8. NinjaTrader 8 is a diverse software suite that caters to futures, equities and forex traders around the globe. Boasting powerful charting, order-entry and market study applications, Ninjatrader is a popular platform among market technicians.

Whether you're building an indicator template or developing advanced order entry strategies, NinjaTrader 8 has you covered. Users of NinjaTrader 8 benefit from a collection of unique options. Included in the platform's functionality are automated trading, the chart trader and advanced trade management ATM features.

For those interested in strategy building, the Market Analyser gives users the ability to backtest historical data sets on multiple timeframes. Sign up for a free forex NinjaTrader demo account. Over the past several years, social and copy trading have exploded in popularity. At its core, copy trading allows market participants to emulate the trades of other traders and investors. ZuluTrade affords users the ability to copy trade in the shares, CFD, cryptocurrency and forex markets.

With ZuluTrade, you are able to mirror the actions of top traders in your FXCM account. You can subscribe to signal providers with a proven track record of profitability.

To see what this platform can do for you, get your practice trading account at ZuluTrade. Trading View. When it comes to online charting apps, the popularity of TradingView is nearly unparalleled. TradingView offers active traders a risk-free way of backtesting ideas and studying current market conditions. TradingView supports a vast array of financial instruments, including stocks, cryptos, currencies and futures. FXCM now offers clients the ability to trade directly from TradingView charts.

With TradingView Live Trading Integration, you are able to place orders on your TradingView chart and have the orders executed by your FXCM account. To learn more about this exciting service, open an FXCM demo account today. ai is an automated trading platform that lets the user integrate systems and strategies in plain english. With Capitalise. ai, you are able to apply advanced technical indicators, automate trade execution and seamlessly analyse the market.

The platform is ideal for systems trading as it supports backtest, simulation, performance statistics and low-latency functionality. You can link Capitalise. ai to an FXCM Trading Station account quickly and easily.

The entire process takes less than 10 minutes; simply complete a Limited Trade Authorisation for Capitalise. We cannot guarantee that all non-standard indicators will work fine with Forex Simulator, but there is a good chance that many of them will. Please use our free demo to test your favourite indicators before purchasing our simulation software.

The difference between these modes can easily be seen on daily charts. GMT charts will render 6 days in a week, including Sunday bar. New York Close charts will render only 5 days in a week.

Also, all daily bars will look a bit different as time is shifted by a few hours. Many traders believe that New York Close charts are essential in trading Forex. The importance of NY Close charts is better described in Nial Fuller's article. The simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored.

You can pause and resume the simulation whenever you like. You can speed it up and slow it down. You can also step forward candle-by-candle on any chart you like, including tick, renko and range charts. Every chart is now equipped with a button which lets you move back bar by bar. All your trades, pending orders, stop losses, take profits, trailing stops, account details and even statistics will be restored. If you miss the opportunity or you simply increase the speed too much, it is not a problem.

The simulation can be rewound by a minute, an hour, a day or by any other timeframe you choose. The simulator lets you use either lot-based position sizing or risk-based position sizing.

Risk-based position sizing requires setting a stop loss to work properly. Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management settings and load them at any time. Forex Simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart.

You can also modify existing orders in the same way. With Soft4FX simulator you can save the history of your trading as an HTML report. It is formatted in exactly the same way as Metatrader account statements, so it is very easy to import it to any third-party tool for further analysis.

An example of such tool is Quant Analyzer. It offers quite a lot of useful statistics and features, even in a free version. It is possible to save your trading history as an Excel sheet, allowing you to study and analyze it in more depth.

You can access your current statistics at any time during the simulation, not only after it ends. Hotkeys work only in the main window of the simulator, so this window must be currently active must be the last clicked window.

Updates are free. Open any number of time frames of any ticker. Automatically synchronized time between all of them. Flexible settings to display orders and drawings depending on a time frame. Just drag a chart to any of your screens to start exercising on multiple monitors at once. Organize charts and other windows in a way you like. Use Compact Mode to minimize the amount of unused blank space on the screen.

Save and load layouts or even transfer them to your other computers. Draw on all charts at once or rename charts to draw exclusively on them. Limit any of chart objects to a set of time frames.

Don't ever lose your drawings again because they are saved independently of charts you open or close. Automatically delete all your "future" drawings when rewinding your simulations to make them more realistic. Use wildcards like M or H to select all minute-based or hour-based time frames.

This way you can easily show or hide any object or indicator on higher or lower time frames at once without the need to select all of them one-by-one. M2, H3, second-based, tick-based, range-based. Create and delete them with a single click, all charts will be built automatically in background for all tickers at once.

Update orders directly on the chart with instant execution. No need to go through dialogs or touch the keyboard. Choose between a number of built-in chart cursors or request a custom new one whenever you need it. Undo any changes to the chart you made including deleting and moving objects.

Reopen closed charts and never miss any of your drawings because they are stored inside simulation files, not on the charts. Easily share compact simulation files with all your trades and drawings with others, including chart layouts. Automatically stick any drawing to the closest OHLC price of the bar chart. Edit magnet strength in application settings. Easily clone or draw again any object with a menu or a single mouse click. It automatically copies all settings of the current object.

And, whenever you change any of the object properties, your changes will be reused when you draw next objects of the same type.

Earn experience faster by trading typical trading setups. Lessons with detailed information and over 50, exercises for each of them enable you to quickly master intuition skills and setting orders at the right prices at the right times, with correct SL and TP levels.

I highly recommend Daniel Kahneman books to understand and avoid common decision-making mistakes. The complete set of popular indicators. Over 30 most popular indicators with a variety of settings and options. Automatic MT4 indicator converter is ready! Automatic MT4 EA converter is ready! Develop any indicators you like. C is great not only as a product development language.

Forex Simulator lets you move back in time and replay the market starting from any selected day. It shows you charts, indicators and economic news as if it was happening live. You are able to place your orders, modify them or close them, just like you were trading live. Trading historical data saves a lot of time compared to demo trading and other forms of paper trading.

It also allows to adjust the speed of simulation, so you can skip less important periods of time and focus on the most important ones. Forex Simulator works as Expert Advisor for Metatrader 4. It combines great charting capabilities of MT4 with quality tick-by-tick data and economic calendar to create a powerful trading simulator.

It uses offline charts, which let you use indicators, templates and drawing tools available in Metatrader. However, it is not limited to using historical data offered by Metatrader, which is usually low-quality data. It also lets you download and use high-quality tick data from Dukascopy and TrueFX. Our simulator is not an EA backtester. It is not possible to test any trading robots or scripts.

The software was not designed for that. The software gives you access to all Forex major pairs plus XAUUSD and XAGUSD. You can also run simulations on oil and main stock indexes. Choose your favourite instrument and trade it. Unlike other trade simulators, our software lets you use as much as 10 years of real tick data with real variable spread. Make sure you read their terms of use before using it. Please note that we have no connection with these providers.

Soft4FX Forex Simulator simply lets you download and use their tick data in convenient way. Starting from version 1.

Now, you can run simulations on all instruments offered by any MT4 broker. All you need is a demo account. Read more about importing data from MT4. You can open several charts at once and follow price action on several timeframes.

You can also create custom timeframe charts, like minute chart or 2-day chart. All charts are synchronized and updated tick-by-tick. You have access to current economic news releases at any time during the simulation. You can display them on your charts as well.

Economic calendar is downloaded from Forex Factory and contains events starting from Other news providers may be available in the future. News can filtered by their importance and by currencies, so you can easily display events that really affect your trading.

Since this trading simulator is an add-on for Metatrader 4, it allows you to use all built-in MT4 indicators as well as many custom ones. You can also use MT4 templates to prepare your charts quickly. We cannot guarantee that all non-standard indicators will work fine with Forex Simulator, but there is a good chance that many of them will.

Please use our free demo to test your favourite indicators before purchasing our simulation software. The difference between these modes can easily be seen on daily charts.

GMT charts will render 6 days in a week, including Sunday bar. New York Close charts will render only 5 days in a week.

Also, all daily bars will look a bit different as time is shifted by a few hours. Many traders believe that New York Close charts are essential in trading Forex. The importance of NY Close charts is better described in Nial Fuller's article.

The simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored. You can pause and resume the simulation whenever you like. You can speed it up and slow it down.

You can also step forward candle-by-candle on any chart you like, including tick, renko and range charts. Every chart is now equipped with a button which lets you move back bar by bar. All your trades, pending orders, stop losses, take profits, trailing stops, account details and even statistics will be restored.

If you miss the opportunity or you simply increase the speed too much, it is not a problem. The simulation can be rewound by a minute, an hour, a day or by any other timeframe you choose. The simulator lets you use either lot-based position sizing or risk-based position sizing.

Risk-based position sizing requires setting a stop loss to work properly. Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management settings and load them at any time. Forex Simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart.

You can also modify existing orders in the same way. With Soft4FX simulator you can save the history of your trading as an HTML report. It is formatted in exactly the same way as Metatrader account statements, so it is very easy to import it to any third-party tool for further analysis. An example of such tool is Quant Analyzer. It offers quite a lot of useful statistics and features, even in a free version. It is possible to save your trading history as an Excel sheet, allowing you to study and analyze it in more depth.

You can access your current statistics at any time during the simulation, not only after it ends. Hotkeys work only in the main window of the simulator, so this window must be currently active must be the last clicked window.

Updates are free. All you have to do is to download and install a new version. Your activation code will still work with new versions. There is no special procedure of updating. You can install the new version in the same way as you installed the program for the first time. Current version is: 1. The simulator is not a standalone application. It is an add-on for Metatrader 4, so you need to have Metatrader 4 platform installed in your system. Metatrader 5 is not supported yet. There is no limit for the number of computers in use.

What limits the use of software is the number of Metatrader accounts. More information about payments and the license can be found in License, payments and refunds section. We strongly suggest to test the demo version of the simulator with your favourite indicators before buying it. All standard MT4 indicators work fine, but not every custom indicator works correctly on the simulator.

Read more about known problems with custom indicators and possible solutions in Troubleshooting section. home software knowledge contact.

Our Forex trading simulator lets you train much faster, without taking any risk. No more waiting for certain market conditions or price movements. No more having to watch the charts all day long. With our simulation software you can control the time and focus on most important moments. Trade historical data and save your time Forex Simulator lets you move back in time and replay the market starting from any selected day.

How it works Forex Simulator works as Expert Advisor for Metatrader 4. Not an EA tester Our simulator is not an EA backtester. Currency pairs - Dukascopy Instrument Data starts from Instrument Data starts from EURUSD NZDCAD AUDNZD NZDCHF AUDUSD NZDJPY AUDJPY AUDSGD EURCHF CHFSGD EURGBP EURCZK EURJPY EURDKK GBPCHF EURHKD GBPJPY EURHUF GBPUSD EURPLN NZDUSD EURRUB USDCAD EURSGD USDCHF EURTRY USDJPY HKDJPY CADJPY SGDJPY EURAUD TRYJPY CHFJPY USDCNH EURCAD USDCZK EURNOK USDDKK EURSEK USDHKD USDNOK USDHUF USDSEK USDILS USDSGD USDMXN AUDCAD USDPLN AUDCHF USDRON CADCHF USDRUB EURNZD USDTHB GBPAUD USDTRY GBPCAD USDZAR GBPNZD ZARJPY XAUUSD XAGUSD Instrument Data starts from Brent crude oil WTI light crude oil Instrument Data starts from BTCUSD ETHUSD Instrument Data starts from Instrument Data starts from EURUSD May AUDJPY May AUDNZD May AUDUSD May EURCHF May EURJPY May EURGBP May GBPJPY May GBPUSD May NZDUSD May USDCAD May USDCHF May USDJPY May CADJPY May CHFJPY May Buy Forex Simulator USD VAT may be applied in certain countries One-time payment Lifetime license for 1 person 2 Metatrader accounts with transfer possibility 14 day money back guarantee Requires Microsoft Windows and Metatrader 4 Test the software in free demo mode first!

There is no need to pay just to see how it works. Forex Simulator Home Installation and startup License, payments and refunds Tutorials Troubleshooting Using Metatrader data What's new Affiliate program.

Start Trading Today. All you need is a demo account. Quality tick data since Since this trading simulator is an add-on for Metatrader 4, it allows you to use all built-in MT4 indicators as well as many custom ones. Disclosure Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice.

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