Forex Simulator Offline mode is mostly designed to practice trading when the markets are closed. In this mode, you use historical market data stored locally on your computer, which is why you don’t even need an Internet connection. So, you can practice any time you like and anywhere you like.
Our Forex Simulator 1.4 only uses tick by tick market data, which guarantees 100% modelling quality. You can download high quality tick by tick market data for free e.g. from TrueFX.com. They provide the data as monthly files in CSV format, which the simulator natively supports.
The Simulator also provides you with an inbuilt tick by tick sample market data file covering 2 full days of trading. If you navigate to the Data tab, and follow the instructions there, you can try offline simulation in less than a minute.
When you’ve selected the data interval and started an oflline simulation run, you will be automatically redirected to the Simulation tab. There you can place market, take profit and stop orders – all as if you were trading on real Forex market.
However, there is an important difference between practicing on live market and with the Forex Simulator offline.
Namely, in our Simulator you can vary the data feed speed and also put data feed on hold. While in your real-time practice, this is obviously just impossible.
What are the benefits of these data speed manipulations? Why would we need it?
First of all, pausing the data feed lets you manage your time. You can take breaks whenever you need it, but not when the market situation allows it.
Secondly, by speeding up the data feed you can save your time. When the markets are moving nowhere, you don’t have to sit and wait for action. At higher speed, you can skip the moments of “dead market” and return to normal speed afterwards.
Last but not least, you can also slow down the data feed. This might be useful practicing news trading – when the market moves extremely fast.
Download Forex Simulator and try it yourself – it’s FREE!.
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