Forex Tester

Forex Tester

Forex Tester 3 - unique backtesting software that simulates the Forex market
4.7  (6 votes)
2.6
3.0.0.22 (See all)

Foreign currency trading, or forex in short, is one of the favorite investment mechanisms due to its high- profit potential. This program allows you to simulate forex operations using historic and current data. Thus, you can test and hone your investment abilities and make dummy, risk-free operations before investing in reality.
The program has two modes: historic and test. In the first one, you can get past forex data. As you may know, the markets work at a very low speed, and thus, it is very difficult to keep track on them to make informed investment decisions. The historic mode lets you have all the historic data you may need. Thus, you can observe all the data for many years within just a few seconds. The test mode allows you to simulate forex operations using current data, which can be updated according to your needs, from a minute to month.
The program is not easy to use. You need to have some investment literacy and familiarity with investment terms and operations. Also, another disadvantage may be its cost, which is rather high. The demo version of the program only allows you to test your capabilities and to learn how to perform forex operations; it does not allow you to go back and forward in time to test your strategies. It has several other limitations too, so if you are serious about entering the world of forex exchange, then you may need to obtain the full licensed progam.

Victor Hernandez
Editor rating:

Review summary

Pros

  • Useful
  • Comprehensive

Cons

  • Difficult to master
  • Costly
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