English
Deutsch
Italiano
Français
Português
ไทย
Tiếng Việt
Polski
Türkçe
Nederlands
Español
5 Key Features You Need to Know About Historical Forex Rates
Never bothered yourself to search for historical Forex rates?
Key Features you learn will show how historical tick data can turn out to be a missing piece of the Forex puzzle
Think about this:
The day you start your way as a Forex trader, you probably try to find the most resulting ways to succeed in this demanding field.
As the next step, you perceive an understanding that a random assumptions or a lucky guess does not work in the challenging world of the Forex trading.
What is your next step?
That is the moment, when you comprehend the need of the specific knowledge to back up your decisions and plans of action at the Forex market.
You understand that you should build the strong fundament for your success by putting your strategies to the test with the help of backtesting services, based on the data of historical Forex rates.
No wonder:
It is quite a challenge to find reliable and accurate high-quality historical Forex rates on the Internet.
It is a tasking and difficult not only to find appropriate one on the Internet, but in addition, to distinguish a decent data feed among all the information that has flooded the online world of Forex trading.
However, the best part is:
We have thought about all the worriment you have to go through, that is why now you can download the needed amount of the historical data of the top quality right away with one click. Spend your precious time and money on managing the best winning Forex strategies with the help of the backtesting, stop gathering the needed information bit by bit.
Key differences between FREE Forex rates and the PAID ones and how you can benefit from this
You might think:
What is the point to go for the paid data service if there is the free one?
Read further and you definitely find the answer.
Top Facts You Need to Know About Free Historical Rates
The opportunity to download historical Forex rates free can probably attract the beginner Forex market trader.
Why?
With the basic level of the historical Forex rates service, you receive the information about the following:
- Test your strategies among the 18 symbols (we gather the most popular currency pairs, their crosses and metals)
- Try your decisions on the D1 and W1 timeframes
- The data you receive is the 1-minute and 4-digits data.
Now:
We believe this kind of Historical Forex rates is extremely useful to introduce the trader to the basic principles and rules of the Forex trading despite of the limited number of the information it provides and the lack of the daily updates.
From the other side:
Forex historical data subscription types
| Basic (Forexite free data) | Super (minute and tick data) | |
|---|---|---|
| Number of symbols | 18 | 860 |
| Historical News | USD news only | For 9 main currencies |
| AI-based Strategy Optimizer (algorithms available) | Full grid algorithm at Forexite data | Full grid algorithm + all AI-based algorithms + all the data and symbols available |
| Precise results on timeframes: | D1-W1 | M1-W1 |
| Update frequency | monthly | daily |
| 1-minute data | ✅ | ✅ |
| 4-digits data | ✅ | ✅ |
| 5-digits data | ❌ | ✅ |
| Tick data | ❌ | ✅ |
| Floating spread | ❌ | ✅ |
| Price | FREE | CHECK HERE: forextester.com/order |
Reasons to go for paid high-quality historical Forex rates
Now we are getting to the best part:
By contrast with the free historical rates, via the paid service you receive a top-quality historical Forex rates data that is absolutely relevant and applicable.
Broader range of the symbols
Why restrict yourself to trading with just a few instruments when you can have access to almost all of them? As a trader, you should be given the opportunity to choose which trading instrument to use.
We offer you the opportunity to apply your skills and talents to 860 symbols in the Forex market – instead of the 18 symbols being offered on the beginner subscription package.
Get the access to High-Quality Historical Tick Data
As you could notice with the free Forex data service, we provide traders with 1-minute data and 4-digits data. Certainly, such data feed can be useful to some extent, but at the same time it will show only 4 levels of the price changing.
What if the price has changed a bigger number of times? Therefore, if there are any changes in the current candlestick, you are supposed to notice these changes as they occur. Nevertheless, without relevant historical tick data, information about such changes will stay out of your sight.
To overcome such inconvenience for professional traders, we offer a historical tick data. For the trading at the short timeframes, you ought to follow how every tick differs during the given amount of time.
For those traders who backtest their scalping strategies, historical tick data is the main and foremost thing to have in their trading arsenal. However, the tick data can also be handy for acquiring the most accurate results, even for those who use non-scalping strategies.
Add the Floating spread into your calculations
As it turns out:
Once you forget to take into account a floating spread during the backtesting of your decisions, you may find that this can result into the tremendous fail during the live trade.
How is that possible?
You should be aware that the floating spread is also one of the components of the Forex market that is influenced by the breaking news or huge changes on the market.
One of the ways to round this problem is to learn how to get used to real market conditions from the early days of the trade learning. This can easily be done by purchasing high-qualitative historical data with the floating spread included.
Get the daily update
Daily updates are essential. That is all what should be said.
As Forex market conditions change very swiftly, it is normal that most of the traders eager to seek for the freshest data feed about all the market moderations.
With the paid services you will be given the chance to get yesterday’s market data feed today. You no longer have to wait for weeks anymore; you receive your updated daily.
What is the bottom line?
Let’s make things clear:
Without any doubt, you have noticed that our free historical Forex rates data is of medium quality. It poses a fair limitation to our clients, so a professional trader will not be satisfied with the amount of the information provided and will not hesitate to get top-quality data.
Almost everyone who is involved in the Forex market trading appreciate a good historical Forex rates as the source of an assurance that his or her backtesting results are correct.
You can have a wonderful strategy, but you will probably never know the quality of it until you try it out with the help of decent historical market data.
Check out here how our backtesting software Forex Tester with high-quality historical rates can increase the chances to succeed at Forex trading.
… if you share our opinion that professional trading needs a firm backup such as backtesting, purchase the high quality tick-by-tick data for the smallest price possible!
After taking a closer look at the price rates for historical Forex rates, you will discover it is more profitable to spend less by subscribing for several months of the historical data at the same time.
Therefore, the annual subscription turns out to be cheaper in a long run. Just like any other product, Forex data is cheaper when purchased in a larger volume.
In the case, you decide to take the Forex business seriously and you are certain you want to trade in the currency market for a long time, then purchasing 12 months of historical data should be on your checklist.
Contact us today and get the opportunity to enjoy an extent range of the advantages of the highly organized historical Forex rates.
To sum up all stated above:
A proverb says, “Knowledge is power”. You get to be more powerful (Forex-wise) for every dollar you spend in educating yourself. Learn to invest in your knowledge and skills, for greater returns. The wisest investment anyone can make in the Forex market as a trader is on the historical tick data. It is essential for your growth as a Forex trader, and to hone your trading skills.
*The subscription allows you to download Forex historical that is in the database from the very first day until the day your subscription expires. See the tutorial on how to use data service here.
Try Forex Tester Online
