Forex Tester For Mac

One of my biggest hesitations when I was considering switching over to a Mac was the fact that certain trading programs were not available. In particular, I had to have Forex Tester and Metatrader on Mac. When I found out that you can use VMWare Fusion to run Windows on a Mac and I could finally have the trading software I needed, I was all about it.

Forex Simulator lets you move back in time and replay the market starting from any selected day. It shows you charts, indicators and economic news as if it was happening live. You are able to place your orders, modify them or close them, just like you were trading live.
Forex Tester provides detailed statistics to during the test and after the trades have been closed, so you do no longer have to waste your time on manual analysis! If you are a Forex Tester 4 (or Forex Tester 3) owner, please click the View tab in the top horizontal menu, hover the cursor over the Show Panels option and select Statistics to display the data.

Unfortunately, I initially went about it the wrong way. Instead of saving up to buy a real Mac, I turned a cheap Dell Mini into a Mac. Although I loved it at the beginning, the screen turned out to be a little too small, the processor too slow and all the fiddling that I had to do to get OS X onto the Dell made the computer unstable when there were new updates to the operating system.

Then recently, it dawned on me that if I sold my Windows PCs plus a couple of other things that I had lying around on Ebay, I could raise the money for a real Mac, right now. So that is what I did.

Trading forex can be risky as well as challenging. The primary aim of a trader in forex is to obtain returns on his investment. When a newbie signs up for trading, this currency market is completely new to him. This is where a forex trading simulator Mac comes to the rescue. However, as a new trader one may not be aware of a trading simulator. Forex Tester is compatible with Windows XP, Windows Vista, Windows 7, Windows 8, Windows 8.1, and Windows 10. Our software is not compatible with Mac operational systems, though it can work under Windows emulators there, but you should check it first before purchase.

How is it?

I have been an IT consultant for about 11 years now and I have used all types of computers. The other day I counted and I have personally owned 9 computers in my lifetime and have used countless others.

But guess what?

Forex Backtesting Software

This MacBook Pro 13 is the best damn computer I have ever used. Period.

Almost everything about this computer just makes sense. I got tired of Windows updates running twice a day and having to ghetto rig a program just to get it to work like it is supposed to.

Limited Time Discount for TH Readers:Get Forex Tester 4 for $139

Yes, it is more expensive than your average Windows computer. But guess what? It actually comes out cheaper in the end because you are not fixing stupid problems or having to buy third party software for stuff that should be included in the operating system.

Anyway, if you are in the market for a new computer, even a trading one, I would highly recommend a Mac. Still skeptical? Check out this video and see what it looks like to run Metarader on Mac.

SEE ALSO:The Best Trading Psychology Books of All-Time

Note: Keep in mind that you also have to have a copy of Windows handy so you can install it in VMWare Fusion.

UPDATE (10/10/2012): A reader emailed me and wondered if she had to get virus protection for her Windows installation. She was very worried about infecting her Mac. If you are just running Metatrader and/or Forex Tester, then you are probably OK without it. But it is Windows after all (the least secure of the major consumer operating systems), so you should get something.

Fortunately, Microsoft does do something right. Enter Microsoft Security Essentials. It is their version of anti-virus software and it is free. It also works better than some of the paid products that I have used and it doesn't slow the computer down.

Be sure to get a copy of Windows XP (if you can) because that runs the fastest. You can still find a copy on eBay.

Disclosure: Some of these links are affiliate links in which I make a commission if you purchase through them, but the proceeds go towards supporting this blog and a portion is donated to Kiva. Thanks!

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It’s frustrating, isn’t it?

You’re trading with the uptrend, and your technical indicators show that prices are likely to keep moving up.

You’ve got a good feeling about this, and enter a ‘Buy’ trade…

But somehow, the market immediately starts moving in the opposite direction!

You watch helplessly as the price continues to move closer and closer to your stop-loss level…

What should you do?

You know you must remain disciplined, and so you watch… and wait.

Finally, barely a few hours later, you hear ‘Ding!’… your trading platform has just informed you that your stop-loss order has been triggered.

That’s another 40 pips down the drain… why does this keep happening?

Over the next 8 hours, you watch in disbelief as the market shoots up 90 pips in your original direction… What!?

You were right all along! If only you didn’t get stopped out so soon…

You’re trading with the uptrend, and your technical indicators show that prices are likely to keep moving up. You’ve got a good feeling about this…

BUT, the recent candlestick activity tells you that now is a bad time to jump in… you’re waiting for the exact time to enter the market.

A few hours pass… and you don’t yet see a bullish signal…

Then suddenly, you see an entry signal based on candlestick activity – this is what you’ve been waiting for!

You enter a ‘Buy’ trade without hesitation…

You’ve also set a stop loss, just in case.

And just a few hours later… the market shoots up 70 pips!

You smile as you adjust your stop order to protect your profits.

That was simple!

You’re now wondering if you should keep trading, or just take the rest of the week off.

Forex Tester For Mac

Life is good, wouldn’t you say?

…but that’s the difference between a trader who understands candlesticks, and one who doesn’t.

How many times have your stop-loss orders been triggered just before the market moves back in your direction?

We all know that we should ‘trade the trend’… but the problem is that most traders don’t know exactly when to enter and exit the market!

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I’ll be blunt: profitable Forex trading isn’t complicated at all… once you know what to look out for!

Fact is, it all comes down to correctly interpreting current market signals.

Hang on, give me a minute to explain…

You see, many traders rely mostly on technical indicators to trade… and maybe that’s how you trade too…

But technical indicators only tell you what’s roughly happening in the market: For example — whether the market is overbought or oversold, or whether the market is on a general uptrend or downtrend…

These technical indicators can be helpful… but the problem is that they can’t pinpoint exactly when to enter a trade. They’re also terribly poor at telling you when to exit your trades… How many times have you seen an ‘in-the-money’ trade suddenly turn against you without any warning at all?

The reason why technical indicators often fail to help traders make effective trading decisions is because they all lag behind market prices.

The only true indicator of how the market is moving ‘right now’ is through candlesticks – it’s the most up-to-date information you’ll get about the market.

Candlesticks contain the latest market information

You’ve probably read a few financial news articles, or heard some currency analyst telling you about where the markets are headed… but why would you need to listen to any of them, when the answer is right there on your trading chart!

You see, economic reports can be wrong… market analysts can be wrong…

But candlesticks will never lie. Never.

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The ‘big picture’ of how money is made in the currency market, without the hype or fads

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The single, most important factor to understanding price action (hint: it starts with ‘M’)

The exact charting points to enter and exit your trades …and why they’re so deadly accurate

How to tell whether the market is going to reverse, or is merely going through a temporary correction (this one is BIG!)

How to tell when the market buyers or sellers are overwhelming the other side… before it happens

What candlestick rejection is, and what to do when it fails

How to trade with anchor candles. This is a super-effective technique that no one has even heard about…

How reversal patterns work. Once you understand this you’ll never have to memorize another candle pattern again

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The 2 biggest and most common mistakes made by retail traders… and what you must do to avoid the money trap

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Forex Backtesting Software For Mac

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