Hello, traders! I am having a hard time choosing a quality Forex Data Feed for backtesting. Forex Tester has both free and paid options, but I am not sure which one is better for my purposes. Can anyone help me understand the differences and recommend the best option? Thank you in advance!
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Edited: Apr 24, 2025
How to Choose a Quality Forex Data Feed
How to Choose a Quality Forex Data Feed
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Choosing the right Forex Data Feed is key to successful trading. The right data allows you to accurately test strategies and make informed decisions. It is important to consider the volume of available symbols, the accuracy of the data, and the frequency of updates. Paid subscriptions usually offer a wider selection of instruments and more accurate data, which can significantly improve the efficiency of your trading.
If you are serious about trading and want to improve the accuracy of your strategies, you should consider paid subscriptions https://forextester.com/blog/forex-data-feed . The free option is limited to 18 major currency pairs and is updated once a month. Paid subscriptions offer access to 860 symbols, including exotic currencies, metals, indices, and stocks. In addition, paid subscriptions provide data with tick accuracy, which is especially important for scalpers and traders using algorithmic strategies. Daily updates and the ability to use a floating spread make this data more relevant and closer to real market conditions. If you are looking for professionalism, upgrading to a paid subscription will be a worthwhile step.