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I will be creating a detailed simulation as per my schedule. Please notice simulations are important part of trading. I have created these simulations for my own personal development as a trader. The goal is to achieve consistency as a forex trader. It will be my documentation of forex journey.
Why is simulations necessary to be a forex trader?
Simulation in trading is necessary because it allows traders to test and refine their trading strategies in a risk-free environment before using real money in the market. By simulating trades, traders can evaluate the effectiveness of their strategies and make necessary adjustments without incurring any financial losses.

Simulations can also help traders gain experience and confidence in their decision-making abilities. They can practice different scenarios and market conditions, learn how to manage risk, and understand the potential consequences of their actions. This can help traders make more informed decisions when trading with real money.

Furthermore, simulations can also help traders identify flaws in their strategies and improve their skills over time. By tracking their performance in simulations, traders can analyze their results and determine areas for improvement, which can ultimately lead to more successful trading.

Overall, simulation in trading is an important tool for traders to test and refine their strategies, gain experience and confidence, and improve their skills over time.

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