Another important thing newbie traders usually forget about is backtesting meaning the strategy testing on historical data. Of course, we all remember that past performance does not guarantee the same performancr in the future but it is the only way to get reliable information on the perfromance of the strategy. There are several tools that could be used for such purpose, from simple built-in Tradingview tester to the specialized software like Forex Tester providing with a wide range of features. Backtesting allows trader to find out the final performance of the strategy without the infuence of psychology issues. It is faster, than demo testing, and requires less efforts.