Replaying Live Session?

I've heard people talking about replaing live trading sessions for practice. I am really interested in this.

What software / data is required?

Is there a way to do this for free or for a small-flat rate instead of monthly subscription?

I already have a real-time data feed from DTN IQFeed, I'd rather not sign up for a monthly eSignal subscription.

Being able to practice during off-hours / weekends would be really great.

Thoughts?
 
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