Comments on: Testing a Forex Trading System Before Risking Money

By: ForexDealer

ForexDealer — Wed, 10 Feb 2010 01:58:59 +0000

Bravo

By: pelam1234

pelam1234 — Wed, 10 Feb 2010 01:38:08 +0000

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

By: ATB903

ATB903 — Wed, 10 Feb 2010 01:19:58 +0000

good video thanks

By: tradeartist

tradeartist — Wed, 10 Feb 2010 01:08:53 +0000

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.

By: Goldenshuttle

Goldenshuttle — Wed, 10 Feb 2010 00:58:52 +0000

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

By: youveryeasy

youveryeasy — Wed, 10 Feb 2010 00:12:29 +0000

this is excellent
thanks trade artist

By: tradeartist

tradeartist — Tue, 09 Feb 2010 23:19:53 +0000

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

By: Craig1032003

Craig1032003 — Tue, 09 Feb 2010 22:59:39 +0000

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.

By: tradeartist

tradeartist — Tue, 09 Feb 2010 22:51:53 +0000

@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.