Real-time Forex trading practice is where you can easily waste a lot of time, especially if you do it on a demo account.
One reason for that is that quite often the market is moving very slow. For example, in Asian trading sessions, the price quotes may come rarely even on most actively traded currency pair – EUR/USD.
Oftentimes, the markets can tread water for quite a while – i.e. much longer than the time that you can devote to practicing.
If you stare at the monitor waiting for a minute for a new tick or watching how the market is trying to build a 10-pip local top for half an hour – this time can hardly be considered well spent.
Instead, with the Forex Simulator, your trading practice can be much more effective.
In particular, your main benefit when using our Simulator is about your time: you can use it extremely efficiently, and also save it – physically!
This is possible due to the unique functionality of the tool – it is able to reduce redundancies in the market data. You will never have anything like that if you use any demo account!
Next, we’ll explain to you in detail how exactly you save your time with the Simulator.
Read on.
Let’s start from this short 2 min video showing a real-time simulation on live market prices.
The Simulator gives you instant access to real interbank prices for 10 main currency pairs.
You don’t need to create an account – just start practicing immediately after you install the Simulator.
(Download FREE Forex Simulator User’s Guide)
Watching the Forex market in real-time and practicing with the Simulator on live prices is very exciting.
However, the real-time simulation only works when the Forex market is open – on workdays. Same is true for any Demo account, of course.
This is a big disadvantage for most of us who are busy with our day job during the week.
And during the weekends – i.e. when we have the most time to spare – the market is closed and streaming prices are unavailable.
To address this, our Simulator can also work in offline mode. With the offline Simulator, you can practice any time, anywhere – no Internet connection is required.
In part 2, you will learn how the offline Simulator works and get a detailed explanation of how it helps you manage and save your time. In part 3 we will show how a unique Time Shift feature makes it possible to use the advanced featured of the offline simulator in online mode – thus taking your online practice to the next level.
Part 2: 3 Benefits of Offline practice with the Forex Simulator
Part 3: What is Time Shift and why you absolutely need it to practice online with the Forex Simulator