Sad, but I've spend 6 of my weekend hours on a trading simulator.
We can't really expect to see the generous opportunities of the market if we don't put in the work; however, I can already see those opportunities so why the trading sim'? I wanted to know if a new tool adds value to my core tool (the Pitchfork); I can't trade regular size lots without knowing this and it would take many weeks of live trading to have a statistically significant number of trades to reach confident conclusions. So I managed to do the equivalent of 3 years live trading in 6 hours. Yes it is a chore but this is my capital so any amount of due diligence is worth it, right? Those who claim trading forex doesn't require a time commitment are living in cloud Cuckoo Land. After 6 hours I took a break so paused the simulator; when I returned to continue, Windows 10 had decided to arbitrarily perform an update, guess this was the FX Gods saying "chill homie".
Anyway, the point of this post is just to state that all top performers practice practice practice because practice practice practice makes perfect.
I use FXBlue's FREE trading simulator. It allows me to see MTFs...I can't be bothered to explain what it can do but if you're interested in the practice of trading historical setups, you can't go wrong checking it out. IF you're not sure where to find it, Google the name.
ADDITIONALLY, there are trading panel add-ons available that make the job of placing orders much easier. They allow Limit, stop, market, OCO etc; they allow you to decide R/R before the trade is place automatically, percentage of balance MM etc. The last thing I need to is be fiddling around with MT4 generic orders in the heart of battle. Google "MT4 Trading panels" if you're interested.
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