Wednesday 13 August 2008

TYPES OF SIMULATORS

There are two major forms of trading simulators.
One form is the integrated, easy to- use software application that provides some basic historical analysis and simulation along with data collection and charting.
The other form is the specialized software component or class library that can be incorporated into user-written software to provide system testing and evaluation functionality.
Software components and class libraries offer open architecture, advanced features, and high levels of performance, but require programming expertise and such additional elements as graphics, report generation, and data management to be useful.
Integrated applications packages, although generally offering less powerful simulation and testing capabilities, are much more accessible to the novice.

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