10 Comments on "Testing a Forex Trading System Before Risking Money"
tradeartist on Tue, 2nd Feb 2010 7:20 pm
@Craig1032003
In … @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.
Craig1032003 on Tue, 2nd Feb 2010 7:20 pm
I have don’t a lot … 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.
tradeartist on Tue, 2nd Feb 2010 7:20 pm
Currently I don’t … Currently I don’t promote any brokers but prefer, FXCM UK, AC Markets, ODL, Alpari UK, Interactive Brokers and Deutsche Bank.
youveryeasy on Tue, 2nd Feb 2010 7:20 pm
this is excellent
… this is excellent
thanks trade artist
Goldenshuttle on Tue, 2nd Feb 2010 7:20 pm
U r giving great … U r giving great advice, indeed thanks is not enuf. Now can u advice the top 5 most reliable companies to open account with ?
tradeartist on Tue, 2nd Feb 2010 7:20 pm
The reason for … 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.
ATB903 on Tue, 2nd Feb 2010 7:20 pm
good video thanks good video thanks
pelam1234 on Tue, 2nd Feb 2010 7:20 pm
Why back test using … Why back test using historical data? Why not just simply open a demo account and test your system in that manner?
tradeartist on Tue, 2nd Feb 2010 7:20 pm
@Craig1032003
In …
@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.
Craig1032003 on Tue, 2nd Feb 2010 7:20 pm
I have don’t a lot …
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.
tradeartist on Tue, 2nd Feb 2010 7:20 pm
Currently I don’t …
Currently I don’t promote any brokers but prefer, FXCM UK, AC Markets, ODL, Alpari UK, Interactive Brokers and Deutsche Bank.
youveryeasy on Tue, 2nd Feb 2010 7:20 pm
this is excellent
…
this is excellent
thanks trade artist
Goldenshuttle on Tue, 2nd Feb 2010 7:20 pm
U r giving great …
U r giving great advice, indeed thanks is not enuf. Now can u advice the top 5 most reliable companies to open account with ?
tradeartist on Tue, 2nd Feb 2010 7:20 pm
The reason for …
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.
ATB903 on Tue, 2nd Feb 2010 7:20 pm
good video thanks
good video thanks
pelam1234 on Tue, 2nd Feb 2010 7:20 pm
Why back test using …
Why back test using historical data? Why not just simply open a demo account and test your system in that manner?
ForexDealer on Tue, 2nd Feb 2010 7:20 pm
Bravo
Bravo
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