First, you set the project name and the initial account balance. Once you select the currency pairs you wish to trade, the date range to test on, the history data quality level, and the timezone, you are ready to go. Simply start placing your orders, jumping forward in time to the point where you want to close your trade. You can advance one candlestick at a time, or fine tune the speed with a slider conveniently placed at the top of the screen. Everything is like you would expect an actual live account to be, including a good selection of technical analysis tools to help you drive your decisions, a log of all your trades, pending and executed, and a highly customizable user interface. Forex Tester Full Version Benefits The software comes in two flavors, demo and full. While the latter is a paid one and is quite expensive, it is by far the most useful too, as it allows you to save and reload your account data from previous uses and even to program your own strategy to have it automatically tested, thanks to the powerful API that comes with the software. In the support forum, the developers will answer all your questions and provide you with updates and minor releases to further enhance your experience with this very helpful piece of software. Pros and Cons of Forex Tester Pros: Lets you trade on historical data under very realistic market conditions. Fully customizable: from leverage to a single pair's spread. Extremely useful tool to test your strategies safely without losing money. Fast forward in time and avoid waiting days to see the outcome of your trades. Cons: Price. The actual execution of the strategy may differ significantly from broker to broker and may not be the same as in Forex Tester. You can visit Forex Tester website to learn more about its features and download the free trial version..