Backtesting is applying a strategy to historical data to see “how you would have done”. Portfolio backtesting lets you design and test strategies on multiple symbols. Known as a “screener”, or “quote board”, this tool lets you monitor thousands of market symbols in one window to find profitable opportunities. Even with a winning strategy, just a short delay in order execution can make all the difference.
Note that inexperienced traders may have a hard time using this software, but it’s a major plus for advanced forex investors. Getting the right trading software is enormously important for traders. To succeed as a trader in today’s market, it’s essential that your trading software perfectly matches your trading goals and style.
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