csv file. We use high-quality market data provided by trueFX. Tick-by-tick data for 15 main currency pairs is available there for free requires a free registration. The Simulator also provides an inbuilt data file for you to quickly try out the software. In our example, we will be using this sample file, which contains 2 days worth of ticks. This is more than enough to get you started. Click the Load sample data button. The loaded data interval will be shown on a calendar.

The calendar just shows the 1st month of the data for you to select the start date and time for testing. You have the options to specify the exact time or select one of the standard times, corresponding to the start of 3 major trading sessions USA, Europe, and Asia.

This usually happens when the US and European trading sessions start to overlap — at noon GMT. The focus will now switch to the main tab — Simulation. There, the main middle graph shows the big picture of the market: M1 candles for the last 4 hours. If you want a longer time frame or different average, you can right-click on the graph and adjust both.

You can also select lines instead of candles. The bottom graph shows the RSI You can select another indicator or change number of periods from the context menu available with a right-click. Upper graphs show ticks — using different time intervals. Both bid and ask prices are plotted. The LHS graph gives the closest view, while the RHS shows last 4 minutes. These intervals are configurable on the Settings tab.

The LHS graph is located closer to the Buy and Sell buttons so that you could use the price pattern to decide when to trade. Now, get yourself familiar with the graphs and also try changing the time frames. Monitor the markets for a while. When you are ready, our next step would be placing an order. What is traded in Forex is the ratios of 2 currencies — so-called currency pairs.

The most intensively traded pair is EURUSD. You bet on the direction of their exchange rate. What you buy or sell is called a lot. The standard full lot is dollars. There are also smaller lots — mini 10 , micro 1 and nano To be able to trade, you need to deposit money with your broker.

This is possible because of leverage. Usual leverage is Lot price will also depend on your account currency. Your broker will use your deposit to protect itself against possible losses from your trades.

For example, if you bought the EURUSD , you will win if the Euro rises against the Dollar. Wise versa, if you sold the EURUSD pair, you will profit when the Dollar exchange rate vs the Euro is growing. Say, you bought a standard EURUSD lot and some time later the exchange rate went up 0.

Bad news, your risk is defined by the leverage as well. If the Euro fell 0. Then again, as long as you keep your position open, these losses would not materialize. So, if you are lucky and the Euro regains losses, you might be winning again. However, if the price drop continues until your paper loss becomes comparable with your deposit, the so-called margin call will occur. In this case, your broker will close your position to protect itself against further losses.

And it will take all your deposited money. Without leverage, your risks are lower but so are profits. This kind of trade you can do if you e. convert money on your bank account from one currency to another. In other words, place an order. We can place BUY or SELL orders. First, choose the order size in lots. There is a menu element for that. By default, the size is 1. Then, click an order button, e.

We can see immediately that a position was opened. This is called one-click trading. We opened a so-called market order. This means that we requested to buy or sell at the price that is available on the market the moment we place our order. In real trading, you use a trading terminal to place orders. The terminal is connected to the Forex market via trading servers. Technically, the order process is like this: when you click on the button in the terminal, it sends a command to the trading server.

The server tries to place an order as requested and will respond with a ticket number if it succeeds. Most of us connect to the trading servers over the public Internet. So — depending on the quality of your connection and location — the delay imposed can easily exceed ms.

On the fast-moving market, this can be long enough time for the requested price to change. In this case, the server will return an order fill error. Offline Forex Simulator contains both trading terminal and trading server in one machine, so the connection delay is virtually zero. But we added an option to the Simulator to introduce a configurable connection delay.

This way, you can get a feel of what can happen in the real world. Now when the order is placed, we opened a position. A BUY order opens a long position , while a SELL order is called a short position. Full information you will find if you switch to the History tab.

You can see that immediately after the trade we are losing money. This is the most common scenario. The spread can be as low as 0. However, at times of market uncertainty, spreads can exceed 10 pips. We always have to buy at the asking price but sell at the bid price. So, if the prices stayed unchanged after our trade, our loss would always be equal to the spread. Now we keep watching the market and wait for the good time to close our order and take some profit.

You can close the order by clicking on the Close button. For example, our BUY order will be closed at the bid price. Basically, this is a delayed order associated with the one that we just placed.

It must be placed in the direction of unfavorable price movement. So, for a BUY order, stop needs to be below current market price, and for a SELL order — above it. Exactly the same logic applies to take profit orders, but in the opposite direction. A blue highlight indicates the start date. For your convenience, standard trading sessions US, Europe, Asia are available.

To start the test, click on the green Play button on the toolbar. There are several important advantages of using offline Simulator compared to practicing in the live market. Which is obviously impossible to have on an online demo account. This helps to manage your time. Take breaks when you want — independent on the market situation, as is the case with any Demo account.

Furthermore, offline Simulator can introduce a configurable trading server delay. It is possible as all the price data is available locally. For example, you can get a feel how to trade over a slow Internet connection. Offline Trading Simulator is part of our Smart Forex Tester Suite. Other products in the Suite are the Online Simulator and the Strategy Tester. These products are free for our subscribers.

You can get free licenses for each one and switch between Simulators and Tester without restrictions. Have questions? Read Free Forex Simulator and Strategy Tester FAQ. Read more on how Offline Simulator works.

Forex Trading Simulator offline and online software is a tool to practice Forex and test your trading strategy. The best part of the Offline Simulator is that it works on weekends when the Forex market is closed — contrary to any Demo account.

The Simulator is a perfect tool if you are busy with your day job on workdays. The Online Simulator lets you practice live during an active Forex trading session. Real-time dealable interbank prices are available for 10 main currency pairs without any account.

Online Simulator can also store the live price data to your computer, so you can use it later for the Offline Simulator. The Offline Simulator imitates market behavior based on historical prices.

Free high-quality tick-by-tick test data is available for 15 main pairs. In addition, the Simulator renders each tick strictly according to its original timestamp — with up to 1 ms accuracy. Forex Trading Simulator is free for our subscribers. Practicing with the Forex Trading Simulator Offline is very effective. Forex markets can go nowhere for a long time.

If you use a Demo account, you have no other option but wait for action. Finally, to let you test how the order fill work during a fast moving market, the Simulator can imitate trading server delays. Subscribe to download Free Forex Trading Simulator. Resources Elliott Waves Analysis Forex Terms Forex Trading Hours Forex Books How To Make A Living Trading Foreign Exchange Forex Practice Videos About Us Feedback Members.

Download Free Forex Trading Simulator. Forex Trading Simulator Offline The Online Simulator lets you practice live during an active Forex trading session. Have questions? Read Free Forex Simulator and Strategy Tester FAQ. Note: only use your real email address!

We will email the download link to you.

In addition, you can record real-time prices yourself for 10 main pairs. And if the situation changes — you can always return to the normal speed. They provide the data as monthly files in CSV format, which the simulator natively supports. Why you should practice trade forex Learn to use the platform Forex trading platforms can vary widely between brokers. This time you are more lucky and the market is moving….

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