Testing a Forex Trading System Before Risking Money
Tuesday, April 27th, 2010 at
11:59 am
forextradingseminar.com Another of the “Forex Trading Secrets” that should be obvious to everyone. Find out yet another tactic that differentiates the successful traders from those who lose.
Tagged with: analysis • based • business • entrepreneur • estate • Forex • home • investment • method • real • system • technical • Trading • Training • video
Filed under: Forex Trading Systems
Like this post? Subscribe to my RSS feed and get loads more!
Bravo
Why back test using historical data? Why not just simply open a demo account and test your system in that manner?
good video thanks
The reason for backtesting is because you can gain the equivalent of 5 years of trading experience in one weekend by testing on historical data. Opening a demo account it would take 5 years to get that same experience. Either is fine depending on your goals.
U r giving great advice, indeed thanks is not enuf. Now can u advice the top 5 most reliable companies to open account with ?
this is excellent
thanks trade artist
Currently I don’t promote any brokers but prefer, FXCM UK, AC Markets, ODL, Alpari UK, Interactive Brokers and Deutsche Bank.
I have don’t a lot of testing. Back testing and forward testing.
Testing is never the same as live
I have a live and demo account on the same broker, and the demo is up 80% in 3 week, and my live is down 20%.
They opened or tried to open the same trades. live had trouble closing them, this is not the first time this has happened, And it happens on other brokers.
@Craig1032003
In our trading community with hundreds of people around the world we have not experienced that. There can be a psychological difference where I have it before I can’t open and close trades at the price you choose then you really need a new broker.