Forex Tester 5.0
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Forex Tester 5.0

Test trading strategies in a simulated marketplace
3.8 
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Latest version:
5.0.0.64 See all
Awards (10)
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Software Informer Editor Rating 4 Software Informer Virus Free award
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Learn all there is to know about the Forex trading market and find out which methods benefit you the most by testing strategies and scenarios in a simulated environment.

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.

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Review summary

Pros

  • Useful
  • Comprehensive

Cons

  • Difficult to master
  • Costly

Comments (4)

3.8
Rating
21 votes
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F
rating FXTraderEver
Forex Tester is something amazing and is absolute beyond comparison! I`m using the Forex Tester 4 and must say that my satisfaction is off the charts. I don`t need any additional platforms or additional fees. The license is lifetime. I`ve noticed their Risk Calculations option, charts synchronization and many other useful features that help me for backtesting. I will advice FT to my collegues and friends.

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M
Mike
I have been using Forex Tester since the 2nd version and upgraded to the 4th version some time ago. I must say it was one of the best investments in my forex training - it helped me to save me time and money. Their support team is the best! I had some issues with data subscription and I got the answer right away.

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F
I wish Forex Tester had more built-in automated strategies because the crossover of simple moving averages is not what I need. However, when it comes to the manual testing – none of the existing software can beat this one.

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