Post
Topic
Board Trading Discussion
Re: Is Backtesting Enough to Guarantee a Trader's Success?
by
Kevystia
on 25/10/2024, 07:28:45 UTC
So you're answering your question, then? It sounds like you're quite confident that backtesting is important for a trader's success already. I believe nothing can guarantee your success as a trader unless you can see the future.

As far as I know, backtesting is usually used to train or manage trading bots. If you're doing daily trading wouldn't the trading result show whether your strategy works or not? How would you backtest your daily trading strategies? On which app? It would be nice to know if you have a dedicated tool for that.
-snip-
You can backtest on several trading platforms, but I personally use TradingView. To access this feature, you’ll need to subscribe to one of their paid plans. You can also use platforms like FXReplay.

What would be the difference between the two?
The difference between TradingView and FXReplay is that one is a trading platform where you can perform live analyses on various financial assets (TradingView), while the other is solely dedicated to backtesting (FXReplay).
And I bet that all beginner or professional traders know about TradingView. I say this because when I started trading, TradingView was the first platform I came across.