DupliTrade’s Trading Simulator

Introducing DupliTrade’s Trading Simulator

Trading the markets requires considerable investment capabilities – both time and money, in order to become a professional. Technological developments and other innovations in recent years have made simulator trading platforms accessible to some but not everyone. These tools can be used to run simulations of various traded asset classes such as equities, currencies, crypto currencies and commodities. DupliTrade has specifically developed the leading simulator trading platform, which was invented by traders for traders. It was identified that there was a gap in the simulated trading industry for a professional simulator trading tool in order to train a new breed of investors who are newer to the industry as well as to give experienced investors new tools to become even more proficient in various trading methods or expose them to different investment strategies and markets. If you have never used a forex trading simulator then look no further. Did we mention that it’s a free trading simulator?

What are the main reasons to use DupliTrade’s free trading simulator?

Familiarity with various markets and indices: Beginners who are interested in entering the field of trading need to know the leading markets and indices, keep track of their fluctuations, learn their nature, and so on. The simulator trading platform can be used for beginner investors as a research tool since it offers a wide selection of data, visual charts and other trading statistics.

Build experience: The simulator trading platform enables traders to practice trading without time pressure. Attention to the big and small details is important and takes time to master. Use DupliTrade’s copy trading simulator to learn how you can make better informed decisions.

Practice in your free time: DupliTrade’s web based Forex trading simulator is available both in your desktop and mobile device enabling you to practice trading strategies at anywhere and anytime that suits you, 24 hours a day, even when the markets are closed. Since the free trading simulator is web based there is no need to make complex configurations. The more you practice the more you will learn and the time invested will ultimately pay off. There’s always time to run another outcome on the simulator trading platform.

Also suits experienced traders: DupliTrade’s simulator trading platform is a powerful way to evaluate and test other strategies before copying or implementing them in a real trading environment. See how other professional traders perform over time. Follow their historical data and build strategies according to different parameters. Simulated trading is suitable for all grades of trader.

Where does all the data come from?
All of the simulator trading information comes from the live trading accounts of DupliTrade’s Strategy Providers. The simulator trading forex is updated with real time trading data that is fully audited and is derived directly from trading platforms like MT4 or MT5. The complete transparency in which the data is displayed provides you the opportunity to examine a wide range of trading instruments, strategies, and outcomes with no commitment whatsoever.

What are the features of the DupliTrade simulator trading platform?

• Back-test all past results of all our Strategy Providers
• Create different combinations of investment amounts, time periods and portfolio allocations
• Run as many simulations as you like
• Filter and deep dive into the forex trading simulator data – from assets traded, symbols profitability, investment profit/loss and much more
• Get relevant insights into trading strategies and their performance
• Save simulations for comparison and reload directly from the history log
• Copy any simulation to your portfolio settings

How to start your simulation
Click through the very simple to use simulator trading interface. Just choose an initial deposit, time frame and select the strategies you like to start simulator trading forex and other available assets.

What can I do with the results from my simulation:
Analyze – the forex trading simulator data is organized in an easy-to-view display and allows filtering the key metrics to focus on the most important data.

Optimize – the simulator trading tool allows unlimited re-testing so you can reconfigure and refine your criteria and results.

Decide – the power of the simulator is yours to discover. The simulator trading forex can be used as a useful tool over the lifetime of your account.

Copy – whether you are using the simulator on a demo account using virtual funds or you are a real trader with funds already linked to your broker account, you can copy the portfolio settings directly to your automated trading account with just one click.

FAQ’s

• How do I start the simulator trading platform?
  To get started simply choose your initial investment amount on the Set Your Simulation Amount window using the slider. Choosing $100,000 will enable you to create a portfolio using $100,000 in virtual funds.
• How do I choose the time period to simulate?
  Use the drop down on the Select Simulation Period window. Choosing 1 Year will load all the relevant data from the last 12 months.
• How do I select a strategy to simulate?
  Once you have chosen an initial investment amount and time period, simply move the slider on your designated Strategy Providers on the Select Strategies to Simulate window to allocate funds to those strategies.
• What is the copy ratio?
  The copy ratio is the copied proportion of the trading sizes (in Lots) per each strategy selected. For example setting a copy ratio of 1 will copy the trades of the Strategy Provider by 1:1 or in other words by 100% of the trade sizes (in Lots) opened by the strategy.
• What can I do on the forex trading simulator results page?
  This is the main page of the forex trading simulator and displays all the simulated trading results for the initial investment amount, time period and strategy providers selected:
• How do I use the Simulation Settings?
  The Simulation Settings are just like performing the first simulation. Here you can re-run simulations using different investment amounts, time periods and allocation amounts to the Strategy Providers. Just move the sliders to make your selections.
• How do I use the Simulation History?
  The Simulation History is a record of every simulation that you generated. The history log shows both what the configurations were and also the results. Use the history log to compare between simulations to help refine your selections. Then you can reload or copy any previous simulation configuration to your Duplitrade automated demo or live trading account.
• How do I Connect DupliTrade to my Broker account?
  Use the Connect to Broker function at any time to activate DupliTrade’s automated trading on your real broker account. Your broker account must be funded to do this.

More about Simulator trading
Simulator trading was developed to give investors the tools to try before you buy, as far as forex or other financial securities trading is concerned. By using forex trading simulators, investors can perform simulations in real world market situations without risking real money up front. Other than this obvious reason, online simulator trading helps investors to understand the rules of the game, to understand investing strategies and market behavior across different markets.

Simulator trading platforms allow online forex traders to practice trading without market induced psychological and time pressure. This allows for maximum attention to all the small and the big details, to make sense of the data and contemplate the next steps to begin a trading portfolio or to optimize an existing one.

Every forex trading simulator or trading simulator has its characteristics and capabilities. A professional simulator trading forex will simplify for the investor what happens when they invest a particular sum of money, over a particular time period spread over various financial instruments. Beginner investors will use simulated trading to calculate their expected returns in the quickest time. More experienced investors will look more closely into how the return was achieved, for example, which asset classes (FX, commodities, stocks, cryptos, options etc) and what strategies were employed to achieve the results.

Simulated trading is designed to be an experience in itself. Since the trading simulator is based on real market conditions, the ups and downs of the markets are felt through the user interface, which most often utilize charts to represent different portfolio metrics such as account balance, profit & loss, asset allocation etc over different time periods (daily, monthly, yearly, lifetime).

Luckily there are few professional options to consider for a simulator trading forex. Many online trading simulators require a real account first to be setup with real funds, before simulated trading can commence. Equally some tools are download only which require complex configurations to get started. The most user friendly versions are web based with the ability to start performing simulations with just a few clicks.

Experienced investors can also benefit from a trading simulator. Since traders with experience know what factors to focus on, a trading simulator can help cut down on research time, on back-testing time, on costly mistakes so that the decision making cycle can be narrowed down as much as possible. Ultimately, the choice of a simulator trading platform should be made on the basis of its suitability for your level of skill and for your reasons to enter the world of trading.

To summarize, DupliTrade offers a free trading simulator, which is web based, can be accessed 24 hours a day and will calculate the simulation results in the shortest possible time to generate insightful charts and metrics. The choice of automated trading strategies is ordered by profitability and can be simulated for varying investment amounts and investment durations. Use it to back-test as many combinations as possible to learn how automated trading works and how automated trading can benefit you. Then connect DupliTrade to your real broker account and follow your trading account.