Hi guys, How can one practice trading (Equity Index Futs) when the exchange is closed say for the weekend of some other holiday ? I have IB TWS and AMP Multicharts with CQG accounts for trading. Thank you
Read. Human psychology. Simple heuristics. Read. You will find out sooner or later that you are trading against yourself. That's the game.
pepperstone has a trading sim that allows you to practice ; you can adjust the speed of market replay also
I use tradingsim but I've reached the point where I am just bored of making money on it... 806 trades starting with $500 https://i.imgur.com/FK8gmgN.jpg
I have an account with tradezero so I just used their 0.005 per share calculation. They've free trades if you add liquidity but I rarely do that anyways. Realistically my fees will probably go down to about 15%.
You can use the indicators on the charts while the market is close as the charts are of brief history of the price action of the typical currency pair. You can study these charts deeply on the weekends when market is closed. History is a great teacher on the forex market!