Testing a Forex Trading System Before Risking Money

| June 26, 2010 | Comments (9)

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.

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Category: Automated Forex Trading

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Comments (9)

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  1. ForexDealer says:

    Bravo

  2. pelam1234 says:

    Why back test using historical data? Why not just simply open a demo account and test your system in that manner?

  3. ATB903 says:

    good video thanks

  4. tradeartist says:

    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.

  5. Goldenshuttle says:

    U r giving great advice, indeed thanks is not enuf. Now can u advice the top 5 most reliable companies to open account with ?

  6. youveryeasy says:

    this is excellent
    thanks trade artist

  7. tradeartist says:

    Currently I don’t promote any brokers but prefer, FXCM UK, AC Markets, ODL, Alpari UK, Interactive Brokers and Deutsche Bank.

  8. Craig1032003 says:

    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.

  9. tradeartist says:

    @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.

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