Hi
I have just finished school of pipsology lessons. I have no previous experience of forex trading. I will be grateful if someone could advise me should I go for Forext Tester 2 (a simulator software advertise at babypips website) or a demo account.
Both.
They’re not alternatives.
It’s true that (depending on what kind of demo account you use) they can have some “overlapping functions” but they also have different ones.
For what it’s worth, I think ForexTester2 is a really good and valuable bit of software, and I’ve found it very useful indeed.
Demo accounts are free
whereas ForexTester2 is not
(after the one month free trial)…
So, again, it depends on how much
you value backtesting…
Some backtesting can be done manually
too, e.g. devising a strategy and then
scrolling back on the charts to see how
many times that strategy would have
provided winners or losers…