How to Improve Your Trading with Past Chart Data (3 Options)

When you first start trading, it’s always exciting to get involved in the live markets. You want to see what’s happening in real-time and react to the twists and turns of the price movements at the same time as countless other traders around the world.

However, while you’re in your development phase, live trading is often not the best thing to be focusing on. Instead, we can achieve many of our goals much more effectively and efficiently by using historical data.

Of course, the live markets can’t be entirely replaced in your development. You will need them for experiencing the emotional, mental and physiological shifts that happen when you’re trading. Although some methods of using past price movements can replicate the challenges of trading psychology to an extent, it will never be exactly the same.

But, as you work your way through our free mini-series, you’ll come across many ways historical data will help you reach your goals. For example, it can be used for:

• Deliberate practise
• Gaining experience by dealing with more scenarios
• Building your trading system
• Back-testing your system and strategies
• Collecting more data for optimisation and calibration