Forex Tester 3 – The Ultimate Trading Simulator

Without a doubt using a simulator is one of the best learning tools in trading, it allows a trader to refine and test a methodology long term without risking real capital.

In this review, I want to discuss one of the best trading simulator programs available, the one I have used now for multiple years ever since the introduction of Forex Tester 2 and that is Forex Tester 3. Aspects I will cover include its many features, what separates it from other trading simulators and how it benefits a trader.

Forex Tester 3 Features:

• Allows long term testing of a trading method.
• Testing on multiple time frames.
• Testing multiple markets at the same time ( EURUSD and USDCHF at the same time or more as an example ).
• Allows switching of time frames while testing a method.
• Testing a specific time dating back as far as 2001 on multiple markets.
• Control testing speed.
• Pause testing, save the project, continue later.
• Rewind time.
• Test candle by candle ( the preferred testing style I use ).
• Go back/forward in adjustable time steps.
• Trade in the same way as a normal live platform chart such as place buy or sell order, buy or sell trade, stop loss, target, etc.
• Track and view statistics during testing anytime.
• Save each testing as a project to keep track of what you have tested easily.
• Multiple indicators are available.
• User-friendly similar to MT4 and other popular trading platforms.
• Multiple Candlestick Charts: Normal Candlesticks, Heikin Ashi, Renko.

Above – EURUSD Daily in Forex Tester 3. The chart template within this platform can be adjusted easily to suit your preference similar in a way to MT4.

What Separates Forex Tester 3 from other Trading Simulators?

There a quite a few aspects that separate it from other trading simulators available, some of the bigger aspects include longer-term testing, multiple time frame testing, multiple market testing and being able to switch time frames anytime during testing.

Above – Forex Tester 3 allows testing strategies on multiple currency pairs and multiple time frames simultaneously.

How Trading Simulators Benefit a Trader

Trading simulators benefit a trader by allowing them to do long term testing of a method through multiple market conditions without risking real money. Long term testing of a method allows a trader to get familiar and confident with a method, get used to probability averages, loss averages, get used to placing trades, managing trades and adjust and test slight changes of a method.

Essentially, it helps a trader bridge the gap between knowing if a trading method works, rather than thinking they know it works.

To find out more about this powerful trading simulator called Forex Tester 3 click here.