In addition this release will feature the redesigned Simulation GUI. Below is the prototype picture. Stay tuned and monitor your emails for the release email.
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Using Forex Simulator Offline is the only way to practice trading when the markets are closed. The software uses historical market data files from your computer. So, you don’t need an Internet connection.
Most importantly, you can practice any time you like. Especially on weekends when the market is closed and any demo account is useless!
Our Forex Simulator guarantees 100% market modeling quality, as it only uses the tick-by-tick market data. In addition, the Simulator renders the ticks strictly according to their original timestamps – with up to 1 ms accuracy.
You can download free high-quality tick by tick market data from TrueFX.com. The data is monthly CSV files, which the simulator natively supports.
The Simulator also provides an inbuilt sample market data. So, you can try offline simulation in just seconds after you install the software. The inbuilt file covers 2 full trading days (about 300K of ticks). To use it, click the Load sample data button on the Data tab.
The calendar shows the interval of the data – with the start date highlighted in blue. By default, the data feed will start from the beginning of the file.
If you want, you can select any other date/time to start. For your convenience, you can use standard trading sessions (US, Europe, Asia).
Once you have selected your test data, click on the green Play button on the toolbar. The Simulator will automatically switch to the Simulation tab.
Now, you can place market, take profit and stop orders. All as if you were trading on the real Forex market.
There are several important differences between practicing on the live market and with the Forex Simulator offline.
First off, in the offline Simulator, you can put data feed on hold. Which is obviously impossible to do if you use a regular demo account.
Why would we need it?
With pausing the data feed you can manage your time. You can take breaks whenever you need it. While with a Demo account, you are dependent on the market situation.
Secondly, you can always have market action on demand with the Simulator. With a Demo account, when the markets are moving nowhere, you have no other choice as to wait. With the Simulator, you can just load another data file.
Finally, you can also imitate the trading server delay! Especially it is important on the fast-moving market. You can see how a slow Internet connection can affect your trading.