#firstdealofthenewyearFateema Backtesting tools allow traders to apply their trading strategies to historical data before risking real money. By simulating past market conditions, traders can evaluate the performance and robustness of their strategies. This process highlights strengths and weaknesses, enabling necessary adjustments. Backtesting provides confidence in a strategy’s potential profitability and is an indispensable tool for refining technical analysis skills and ensuring that a trading approach has a solid track record before live implementation.