The currency market Forex has already ceased to seem exotic, and the profession of Forex-trader business elite. The opportunity to participate in the biggest market on the planet seems tempting and temptation to make money fast and rich to grow, actually, was promised by advertising leaflets dealing with all centres and it was impossible to resist. In game there were involved representatives of different layers of society. However, the statistics eloquently testified: up to 90% of the market Forex traders have been losing money. What is the reason for such results? The base is a lack of traders " training.
There was the need for the instrument that will allow professionals to be trained not lose their funds (working on a real account) and not waste time (formation of a demonstration account ). Often to test its trading system traders spend months, solid money to pay back the clock access to the Internet, and after the time they reached the conclusion that this system is unprofitable. The merchant changes parameters of the system and start all over again. As the result after a year of work to the best of this disappointment Forex market comes at the worst and the person loses the savings and creates debts.
Considering of that, Forex Tester (www.forextester.com) is a professional Forex market simulator that eliminates those listed needs has been developed allowing the trader skills needed to obtain work in Forex, on reasonable terms and without loss of money. The software emulates the merchant& 39;s terminal and not seeking a connection to the Internet. Now, the trader can test the trading systems calculated for years within hours. The software is intended both for training for trade and for testing the manual automated trading strategies. The user can manually set understandable speed of receiving citations, to stop the analysis of the market situation and in case of acceptance of wrong decisions allows to make collection back and again to understand the situation and make a real decision. A large number of market indicators and also a set of analytical tools are embedded in graphics software.
We asked the author of the software, Michael Koshelev, to share with us the vision of the problems mentioned: " The profession of trader, and as other professions, requires appropriate training. At first glance the negotiation of Forex It seems very simple, is sufficient for a couple of pressing the buttons on the merchant& 39;s terminal to give the order to comply with the transaction. Often the beginners and they are happy initially make some profitable operations, they feel undue confidence of their forces and people rush to invest serious money. But lucrative trade over a long period of time is science, art and handicrafts. The market is a certain environment with the internal rules. It is therefore necessary that the participant of the market to match the market process: to modify their own behavior, to set their own preferences to the laws of the market. Exclusively Psychology is an important component of commercial success. The operator must break the stereotypes borrowed from other spheres of life as trading in many ways is unique - no competition, as such, no direct dependence between the activity and productivity - at times, unlike, who does less movements, the returns greater profit. The trader must understand that he is not against the traffic depersonalized market, the trader trades in itself - with its expectations.
To help the operator to improve exchanges to develop the skills and cost-effective strategy to work, Forex Tester, which is a simulator Forex market, has been developed by us. The software is developed, taking into account the wishes of traders. It is pleasant that was found useful not only for beginners, but also by traders who are eligible for several lucrative trade years.
In the software three basic functional blocks are combined: training, testing and analysis. Currently, the training unit has already been implemented, allowing you to transactions with historical quotations with adjustable speed of submission and the adjustable size of ticks (packages of quotations), as presented in the schedule. All transactions find the perfect reflection on the list of operations, there is the automatic calculation of statistics and schedules of fairness, balance, margins and lifting involved are showing. Anything that allows you to track the productivity of trading decisions made. The merchant receives feedback fast among the factors that have led him to open the position and the result of perfect operation. In training on the statements of accounts offered by the Forex brokers, are many moments of distraction that disclose attention. It is reading news articles, analytical and independent. expectation of the outcome of the operation pushes the violation of their own rules discounting the potential of systematic work. It also replaces the beginning trader priorities during its training in terms of real time: instead of lucrative trade in the first place the desire to appear right in forecasting the behaviour of the market is reduced to prove themselves the opportunity to guess the direction of movement exchange rates. And the process of " guess " in greater measure is related to self-deception: the operation had been closed as unprofitable, only then, the rate was displayed in the left and right " " direction, the trader and says: " Still I was right! next time you work out ". This approach prevents to look at things objectively and to estimate the actual abilities.
The accent should not be put on the only result, but on the process of negotiation. This or that approach should provide the statistical advantage. After one thousand operations training in our software vai beginning to understand the trader to negotiate otherwise. The correct attitude to the market will be created. Nothing supernatural is expected of them. The understanding of the inherent limitations related to the trading market comes from; more accurate reference points on expected potential profitableness are formed, the risks are assessed, and in this context expectations and behavior are corrected - the effects are targeted to be available and who aspire are really achievable.
The software is provided with convenient intuitive interface. Forex Tester saves time in the training of skills and testing of approaches not completely formalized with subjective multiplier. First, the strategies for the recognition of patterns, levels of support / resistance, trend lines, in general - the classic technique analysis.
The software makes the professional market as to think about the game and on rules this game. The emphasis on achievement of certain productivity is moved instead the abstract thoughts on the fate of the world market economy, current news, fundamental analysts& 39; forecasts. When you think of game, you think - how to win? However, the most important thing - there must be passion - this is a direct way to win. Think about how Forex on chess and not rush to be in the race, get prepared for the marathon yourself ... "
Familiarize with Forex Tester you can on the site - www.forextester.com
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