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Testing a Forex Trading System Before Risking Money

By blujam On November 17, 2010 Under Forex Cobra System


forextradingseminar.com Another of the “Forex Trading Secrets” that should be obvious to everyone. Find out yet another tactic that differentiates the successful traders from those who lose.

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9 Comments Add yours

  1. tradeartist
    November 18, 2010
    12:06 am

    @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.

  2. Craig1032003
    November 18, 2010
    12:24 am

    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.

  3. tradeartist
    November 18, 2010
    1:16 am

    Currently I don’t promote any brokers but prefer, FXCM UK, AC Markets, ODL, Alpari UK, Interactive Brokers and Deutsche Bank.

  4. youveryeasy
    November 18, 2010
    1:32 am

    this is excellent
    thanks trade artist

  5. Goldenshuttle
    November 18, 2010
    2:14 am

    U r giving great advice, indeed thanks is not enuf. Now can u advice the top 5 most reliable companies to open account with ?

  6. tradeartist
    November 18, 2010
    3:09 am

    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.

  7. ATB903
    November 18, 2010
    3:28 am

    good video thanks

  8. pelam1234
    November 18, 2010
    3:51 am

    Why back test using historical data? Why not just simply open a demo account and test your system in that manner?

  9. ForexDealer
    November 18, 2010
    4:29 am

    Bravo

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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
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