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Examples of Forex Simulation Software
People who are planning to trade in forex are usually apprehensive that they might commit some sort of mistake which will result in financial loss. Such investors feel that if there is a stimulation tool that will enable them to practice for free or after paying a moderate sum of money they would be better equipped to trade in it.
It is for the purpose of such investors that a number of software programs are designed which provide a real time account of how the trading is done. All the scenarios that happen during a typical trading day are recreated and you gain valuable experience.
Let us look at some of the forex simulation software on offer and try and understand their features and learn how we can enhance our trading experience at the quickest possible time.
| Name | Description |
| Forex Tester | Forex Tester is an excellent tool where you can test your trading strategies comparing it against the previous year's data. One can also develop and test trading strategies on your own and you do not need any specific programming skills. The best part is that you can test it free before you make the decision of buying it. |
| Forex Trader Mentor | Forex Trader Mentor is yet another useful tool which provides the best simulation exercise for individuals who are interested in forex trading. It is a great software tool developed over the years by experts with excellent analytical skills and the program has been rated among the best in the industry. You can buy this tool at a nominal cost of 19.90 as a special offer. You can log in to the following website to make the purchase. |
| Price Motion | Price Motion is a company which makes the entire process of forex trading such a simple exercise. It has easy to use simulation techniques where the investors can understand the bits and pieces of forex trading which make it such an interesting investment opportunity. As the investors use real time simulation data the concepts of forex trading are better understood. |
| Topshareware.com | Topshareware.com is a website where there are a number of stimulation tools that one can download for free and the investors who are new to forex trading can make use of this and get themselves acquainted with the charts and analytical tools used to make good forex decisions. |
| Trading Simulator.Net | Trading Simulator.Net is a website where the simulation tools that can be used are among the best in the forex industry. They are simple to understand and use and you do not require any prior knowledge of the industry to understand and use the various tools on offer. The tool can be used free of cost. |
The biggest advantage of using simulation software is that no real money is involved so investors who are novices in forex trading can make use of the tools to understand the various details regarding one of the fastest growing trading markets in the entire world.