What is the best stock trading software to practice with? Any way to practice with fake money?
What's the best stock trading simulator software download?
Public Comments
- I don`t know about downloads, but www.investopedia. com has an excellent simulator that simulates real time online trading. It is a great site for learning all you could about the investing community. It is the best one I`ve found, by far.
- You don't need to download software. Your best bet is using one of the following sites to "paper trade". Paper trading is practicing with fake money. http://moneycentral.msn.com/investor/home.asp Click on "Portfolio Manager" and follow the steps to open up a paper trading account. Doesn't cost you anything and should be easy for you to use. This was my first paper trading account. http://marketocracy.com This is perhaps your best choice. Marketocracy allows you to open up an account and start trading like a mutual fund. You'll learn about the mutual fund rules that professional managers need to follow (nothing complicated) and will be given $1 million in fake money. The best part of this site is that they have a forum section where you will learn a TON. Also, you can post on the forum ONLY if you are in the top 25% of performers. This weeds out all of the spam and most of the useless posts. I think I started my real trading after using marketocracy. Anyway, make sure that you read everything you can and take advice with a grain of salt. Good Luck!
- If your interested in forex currency this site has a practice account with fake money. Investors following this program are making incredible returns. You can realistically make 10 percent + a month because your money is leveraged 400:1 and its on a hedging system. Watch the product presentation video on the site below. I believe that this is the best system for trading on the Forex but of course I don’t expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to try the demo so they can experience for themselves how it works. www.demofreedomrocks.com
- reg & mock trade more on my blog
- you might want to create a "practice" portfolio at http://www.top10traders.com - it's free - each month the site ranks the best performing investors.
- Hi Scott There are several virtual trading platforms out there that will allow you to test out your trading strategies. They typically give you a set amount of "virtual money" to place pseudo trades with, using delayed stock market quotes. Scottrade.com has a virtual trading platform you can use. Go to Scottrade.com>Trading Platforms> ScottradeELITE> See the Demo, or go to this url: http://www.scottradeelite.com/register.asp. Once you've registered, they start you out with $100,000 of virtual money. (The terms and conditions can be found on that same page.) I hope this information helps. Scottrade www.scottrade.com 1-800-619-7283
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