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Sunday, 15 July 2012

Online Stock Trading Simulator

As an amateur investor in the stock market, I had to learn the hard way, how dangerous the stock market really is. However, you don't have to.. In this short article, I will explain the key advantages in using one of the Stock trading simulators.

What is it all about?

Trading simulators are the easy way to begin trading the market without the risk of losing your hard earned capital. All you need to do is to give your name and valid email address and then open a virtual account. You get virtual capital and a simulator which looks and feels exactly like the real thing.

What can you do with it?

Everything that a real online brokerage will allow doing:
  • Enter orders - market / limit, buy / sell
  • Practice stop and short orders
  • Cancel and change orders
  • Receive trading alerts
  • Get Demo account, where you can track money you gain or lose.
  • A replay market data - enables the trader to learn the stock market's behavior and learn from trading mistakes that he had made

What else do you get?
  • Access to learning resources, which will help you get a better understanding of the stock market.
  • Join a trading contest with real prizes up to $ 10,000 in cash and rewards paid out every month (real money).
  • Discussion forums.
  • Stocks analyzing tools.
  • Trading Video's.
  • Webinars.
Furthermore, if all this is not enough, many of the stock trading simulators offer you a discount in opening a real brokerage account.

See also: review of the best online free stock trading simulators available today.

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