Our simulator only uses real market tick-by-tick data. The data is loaded as. csv files. You can download free high quality tick-by-tick data from www. There you can get the historical data for 15 main currency pairs. The quotes are available as monthly files. When the Simulator has read the file, it shows the one month calendar where the uploaded data interval will be shown.

Note : with the inbuilt Data Manager , you can easily split the monthly files. Once the offline simulation is running, you can pause and resume it. Forward testing is conducted in real time, on the live data feed. The main downside of this approach is that live data is only available when Forex market is open. The Simulator uses streaming quotes provided by www. com via their WebAPI.

You can select one of 10 main currency pairs from the drop-down list. The real-time mode requires good Internet connection. The Simulator monitors the quality of the connection by constantly measuring the round trip time RTT. 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

To become a successful trader, you need to be able to analyse the market and follow a reliable trading strategy. But where to start? And how can you test your strategies before you put real money at risk?

This is the role of trading simulators. Whether you're trading Forex, the stock market, commodities or cryptocurrencies, practice is the key to success. And the best way to start practicing trading the markets is with a Forex or stock market simulator. In fact, you can sign up now to try our free trading simulator today!

Choose the best simulator software, how to use the daytrading simulator, how to use the Forex strategy tester, and much more! We all know that practice makes perfect, and have all heard about spending 10, hours to master a skill.

Trading is no different, and the number of hours a trader puts in is what distinguishes Forex beginners from trading professionals. This makes practice even more important than theoretical knowledge. The good news is that an online stock market simulator can help you do that. You don't want to lose money while getting the practice you need, and using simulation software on a demo account allows you to learn the ropes and avoid putting your hard-earned money at risk.

In this article we will look at what a trading simulator is, the benefits of using a Forex trade simulator and online stock market simulation, a comparison of the different types of simulators, how to choose the best simulator software and more. A Forex or stock market simulator is a piece of software that "simulates" real market conditions. This allows traders to trade and practice their strategies with virtual money before testing their skills on the live market.

Some simulators use a simple algorithm to mimic broader market activity, while others are trading platforms that reflect live market data, which offer a far more realistic market experience.

Most stock market simulators offer a virtual balance of anywhere from 5, euros to , euros. From there, traders can trade on a range of financial markets, including stocks, bonds, Forex, commodities, indices and cryptocurrencies.

Often, simulators are named after the instrument they allow you to trade, such as stock market simulators stocks , Forex simulators Forex , binary trading simulators binary options , and so on.

Because of this, rather than focusing on the name, it's better to focus on the functionality of any trading simulator. The functionality of any trading simulator should be the same as any live trading account, including how to open, modify and close trades. This includes the fees that would be charged on a live account, like commissions, spreads, swaps, and so on. Stock market fees can significantly affect the return on investment, so it is important to have them included in any free trade simulation account.

To start trading on one of the world's most popular free Forex simulators, click the banner below to open a demo account with Admirals! With so many labels floating around, it can be difficult to know what you're signing up for. In particular, it's easy to confuse demo accounts, which are simulators within a trading platform, with pure simulation platforms. To find the best trading simulator on the market, it's important to know the benefits and disadvantages of using one.

So what are the pros and cons of using a Forex or stock market simulator? The main disadvantage of using a free trading simulator is that it will never be a substitute for real trading experience. When trading with real money, there are a range of factors that will influence your investment decisions:.

This leads traders especially new traders to make different decisions to what they would make if they were trading the live markets. For example, we have found that in free trading contests, traders take disproportionate risks to obtain the best performance and win the prize. Stock market simulators or demo accounts should not be used for this purpose, but to test investment strategies and new instruments. If you're ready to try a trading simulator to start practicing trading Forex or the stock market, there are a number of things to consider when choosing the best simulator software for you.

The ideal platform to learn how to trade Forex and stocks online must provide you with market data so you can see market fluctuations. With real-time data, you can see how long trading opportunities remain available - if you are an intra-day trader, you can see the difference that leaving a position open for an extra day or two will make. If you're a day trader or scalper, you can see the difference a few hours or even minutes could make.

In a Forex or stock market simulator, you can also see how a certain trade will have performed if you made it in a real account, as the price movements in the simulator software are exactly the same as those in the market - the only difference is that you are trading with virtual money.

Simply, trading with live market data is the only way for you to progress and learn to trade. Otherwise, your trading decisions won't be based on how the live market behaves, and you could put in a lot of practice without improving your Forex trading skills. Remember that the purpose of this software is to prepare you to earn real money, so the best trading simulators are ones that have real-time data feeds.

Many free trading simulators offer virtual deposits of EUR 5, to EUR , While this might sound like a great opportunity to get a lot of trading practice, the truth is that unless you are planning to deposit those amounts in a live account, you won't be simulating real trading conditions.

Think about it - if you have EUR , on a demo account, you can make a lot of losing trades, and still have plenty of virtual money left on your account to continue practicing. However, if you then open a live account with a deposit of EUR 1,, you will need to manage that money much differently, because you have less to lose.

Unfortunately, because you were practicing with a much higher account balance, you wouldn't have learnt risk management, money management and trading strategies that are appropriate for the smaller balance you have in your live account. This is why it is vital to start simulated trading with an amount that is close to your expected deposit amount once you decide to start trading in a live account.

For example, if you plan to trade with EUR 10, euros, you have to start trading with a virtual capital of EUR 10, too. There is a range of stock and Forex trading simulators available, and many of them offer very different features and functionality. If you focus on the simplest or most basic platform, you might need to upgrade later due to missing features.

In other words, it's better to choose the more advanced and complex platform, to have a good foundation for your future trading. Forget the binary trader simulators that promise you quick wins.

This is why starting out with an advanced platform, like MetaTrader Supreme Edition might save you time in the long run.

However, an advanced free trading platform is only really necessary if you plan to become an intraday forex trader. If you are a long-term trader and do not require detailed analysis every day, you may need to choose a platform that is the most accessible for you.

Nevertheless, your simple platform should always provide you with real-time currency rates, and other additional features necessary for you to be successful in long-term trading. One specific feature to look for when comparing stock market simulators is the option to manually test your trading strategies based on historical data - this is known as backtesting. The benefit of this approach is that you can find certain market events to test certain trading strategies, rather than waiting for a similar event to occur in real time and losing valuable practice time.

So make sure to go out and find popular strategies and try them out. You never know how effective these strategies will be until you try them. Most stock market simulators and trading simulation software is offered by online brokers.

For this reason, it's important to make sure the broker you are choosing is trustworthy, as this will likely be your platform choice once you have gained enough experience on a demo account.

Online brokers are diverse and offer different platforms, different available instruments, different trading costs and different support. Learn more about choosing a good Forex and CFD broker here. Now that you know what a Forex trade simulator is, the benefits of using one and what to look for, you might be wondering which trading simulator we recommend. At Admirals, we think the MetaTrader trading platform - a professional trading software - is one of the best trading simulators available.

It's also the world's most popular trading platform, with a large support community, and the most advanced functionality for Forex and CFD trading online, which makes it the best option for someone who wants to start trading online with a free online trading simulator. In addition, Admirals also offers the exclusive MetaTrader Supreme Edition , which is free for all Admirals traders.

MTSE includes a range of advanced features to help clients achieve the best trading results, including:. If you're ready to start trading on a free Forex simulator, click the banner below to download MetaTrader 5 today!

To access the MetaTrader simulator available for both MetaTrader 4 and MetaTrader 5 , take the steps below:. While having a MetaTrader demo account is all you need to start trading simulations, there are some additional features in MetaTrader Supreme Edition that can be helpful for more advanced simulations.

MetaTrader Supreme Edition comes with two useful Forex and stock market simulators - one is the trading strategy tester, which allows you to test different trading strategies against historical price data. The second is the day trading simulator, which specifically tests day trading strategies.

The strategy tester in MetaTrader Supreme edition is our best CFD simulator for simulated trading. Here is how you can use it to test stock and Forex trading strategies:. In this example, we will use the Master Candle template, and will simulate approximately six months of trading note that this template is not one of the standard inclusions in MetaTrader Supreme Edition, so you will need to code the rules in MQL4 for this strategy, hire a programmer or obtain a template online.

Once finished with the visual backtest, click the Results or Report tab and view the result. In the example below, we can see that the Master Candle strategy has produced approximately 6. The day trading simulator lets you place market and pending orders, set trailing stops, alter the stop loss and take profit on orders by clicking on the chart, save complex order definitions as templates, quickly close all open orders, and access many more features that are not available as standard in MetaTrader 4.

Once you select your historical data, the day trading simulator will go bar by bar through the markets and you can manually pause it to place a trade. It will then add up those trades in a Profit and Loss statement at the end of the time period, as described here. You can then apply different templates, add your indicators, trade normally, and see if your strategy worked or not.

The major advantage of day trading simulators is the ability to backtest your strategy through different time periods. In the example below, you can see the example of backtesting using a custom template. The end result was EUR 1, in profit. The day trading simulator will also allow you to thoroughly analyse your trading activity if you press the 'Analyse' button within the Mini Chart window.

The Smart Lines tool use line objects drawn on an MT4 chart as the stop-loss or take-profit for positions. They provide three main features:. When used with the day trading simulator, you can use the Smart Lines tool to make manual trades, which will then be tracked by the simulator. A window such as the example below will then pop up, allowing you to choose which action the line should take. Another helpful tool in MetaTrader Supreme Edition is the SpeedFactor parameter, which slows down the simulation.

The larger the value, the slower the simulation. The main way of controlling the speed of the Simulator is to use the slider next to the Visual Mode box, which contains values between 1 to You can also experiment with the slider to find the best combination for your computer, and how quickly you want the simulation to run.

Additionally, you can also control the speed of the simulation further using the EA's SpeedFactor property. You set this by clicking on the Expert properties button in the strategy tester, and then by altering the Value property on the Inputs tab. Source: AdmiralsTrading Simulator MT4.

It offers quite a lot of useful statistics and features, even in a free version. More interested in algoritmic trading? The functionality of any trading simulator should be the same as any live trading account, including how to open, modify and close trades. Forex Simulator Home Installation and startup License, payments and refunds Tutorials Troubleshooting Using Metatrader data What's new Affiliate program. 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.

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