Understanding Forex trading | Currency Futures


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Understanding Forex trading

  #15 (permalink)

Oslo
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
aediaz1's Avatar
 
Posts: 57 since Apr 2011
Thanks: 20 given, 39 received


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A great way to learn about the forex market is by designing trading strategies and back-testing them on historical data. You will quickly learn that a lot of what you thought might would work doesn't work in addition you might discover strategies that do work. Manually playing the market is difficult and takes years of training, I suggest you test your trading skills by expressing your strategies in NinjaTrader, MultiChart, TradeStation, IQBroker or even eSignal and back test them. (Fidelity also has a great platform - Wealth Lab).

This is my experience too. I have used a program called Forextester a lot for trading pure price.

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