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.

Download Free Offline Trading Simulator. This is because it only uses real tick-by-tick market data. It never generates the ticks by interpolating the data from M1 bars. In addition, the Simulator renders the ticks strictly according to their original timestamps — with up to 1 ms accuracy. The Offline Simulator comes with an inbuilt sample of market data. So, you can try the software in just seconds after you install it.

The calendar on the Data tab shows you the time interval of the test data. 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.

Check out Market Timing Secrets. Forex trading basics Forex practice videos. Offline Forex Simulator is a software tool that fully imitates the markets on demand — whenever you want it. Even without an Internet connection. How does the Simulator work? So that if you just starting, the text would be easy to understand. But if you are already familiar with the basics, you can just skip these parts. Offline Forex Simulator Download and Installation Preparing the market data Forex trading basics Placing Orders Stop Loss and Take Profit Trading strategy Manipulating the data feed Trade analysis Offline Forex Simulator Settings.

Offline Forex Simulator software is free for our subscribers. Subscription is also free. Read how to get your free Simulator license or watch a short video guide.

Click the Offline button on the toolbar and you will be taken to the Data tab. This is where you prepare the historical price information to test on. Which is only possible if tick-by-tick data is used. A tick is a price quote received by the market. Each tick is a combination of 3 numbers: bid price, ask price and time stamp. There can be over ten ticks each second during fast market moves. Which often happen during some major events or news releases.

However, ticks can also come as rarely as 1 in a minute, typically in slow Asian sessions. On the Data tab, you can load historical prices as a. 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.

Which is only possible if tick-by-tick data is used. The software emulates the real market by rendering historical price data from a file on your computer. If you want to review your trades, you will find all the needed information in the table on the History tab. A blue highlight indicates the start date. Not a good simulator.

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