What is the Magic Trader Tester?
The Magic Trader Tester is a specialized software designed exclusively for accurately simulating Financial transactions. It is the best tool for quickly improving your trading skills, testing out new strategies and developing confidence without risking any real money. The Tester has over 10 years of historical data that you can use to test any strategy. Depending on the time frame selected, you can simulate trading years of data in just a few hours. It is a free standing separate program that comes with its own extensive selection of indicators including Moving Averages, Bollinger Bands, MACDs, Pivot Points, Parabolic-SAR, RSI, Stochastic, Keltner Channels, Heiken Ashi candles, and many more. Choose from more than 2000 different financial products to test, including gold and silver. It is also a very effective and powerful tool for testing out your automated strategy. The results are accurate and can be trusted to be a viable set of statistics that can give you the information you need to determine if your strategy is robust.
Why use a Magic Trader tester simulator?
The first step in refining your trading skills and strategies is to accept that this is a process that involves repetition, practice and reinforcement. This is where a Financial transactions simulator is very useful. It will train, save you money and ensure that you don't start out a loser. Many novice traders rush into Financial transactions enticed by broker ads of 400:1 leverage; free real time demo accounts or simply by the thrill of getting into the action. Even those that test their signals service or trading strategies in real time to see how they perform don't do so adequately. In any case, there is a limit to how much you can gain from real time practice: testing trading strategies with live demo trading accounts is only useful if you know what you are doing.
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