Tag: Trading

Online Stock Trading and Stock Trading Tools #how #to #finance #a #business


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Scottrade Client Website for Online Trading

Scottrade received the highest numerical score in the J. D. Power 2016 Self-Directed Investor Satisfaction Study, based on 4,242 responses measuring 13 firms and the experiences and perceptions of investors who use self-directed investment firms, surveyed in January 2016. Your experiences may vary. Visit jdpower.com .

Authorized account login and access indicates customer’s consent to the Brokerage Account Agreement. Such consent is effective at all times when using this site.

Unauthorized access is prohibited.

Scottrade, Inc. and Scottrade Bank are separate but affiliated companies and are wholly owned subsidiaries of Scottrade Financial Services, Inc. Brokerage products and services offered by Scottrade, Inc. – Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC .

Brokerage products are not insured by the FDIC — are not deposits or other obligations of the bank and are not guaranteed by the bank — are subject to investment risks, including possible loss of the principal invested.

All investing involves risk. The value of your investment may fluctuate over time, and you may gain or lose money.

Online market and limit stock trades are just $7 for stocks priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund and option transactions. Detailed information on our fees can be found in the Explanation of Fees (PDF).

You must have $500 in equity in an Individual, Joint, Trust, IRA, Roth IRA, or SEP IRA account with Scottrade to be eligible for a Scottrade Bank® account. In this instance, equity is defined as Total Brokerage Account Value minus Recent Brokerage Deposits on Hold.

The performance data quoted represents past performance. Past performance does not guarantee future results. The research, tools and information provided will not include every security available to the public. Although the sources of the research tools provided on this website are believed to be reliable, Scottrade makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability or reliability of the information. Information on this website is for informational use only and should not be considered investment advice or recommendation to invest.

Scottrade does not charge setup, inactivity or annual maintenance fees. Applicable transaction fees still apply.

Scottrade does not provide tax advice. The material provided is for informational purposes only. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

Investors should consider the investment objectives, charges, expense, and unique risk profile of an exchange-traded fund (ETF) before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing.

Leveraged and inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds’ performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing. No-transaction-fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder or SEC 12b-1 fees.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade ® Options Application and Agreement. Brokerage Account Agreement. by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy by contacting Scottrade. Supporting documentation for any claims will be supplied upon request. Consult with your tax advisor for information on how taxes may affect the outcome of these strategies. Keep in mind, profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.

Market volatility, volume and system availability may impact account access and trade execution.

Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss, in a down market.

Scottrade®, the Scottrade® logo and all other trademarks, whether registered or unregistered, are the property of Scottrade, Inc. and its affiliates.

Hyperlinks to third-party websites contain information that may be of interest or use to the reader. Third-party websites, research and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

© 2016 Scottrade, Inc. All rights reserved.


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Zignals; global stock and forex trading strategies, free stock charts, stock quotes and stock

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  • Never miss a market move
  • Alerts delivered when you need them most.
  • Real-time NYSE, Nasdaq and Forex alerts,
  • Email and SMS delivery.
  • Never miss a beat with Zignals HTML5 alerts service.

  • Easy, Intuitive, Free
  • Powerful HTML5 Stock Charts
  • Just register to use the best of charts and alerts in one application.
  • Available for leading global equities, forex and select indices.
  • Leading indicators, extensive draw tools, and integrated watchlist.

  • Desktop or Mobile
  • Zignals Charts and Alerts are available whenever or wherever you need.
  • Improve your trading with Zignals Alerts.
  • View past triggers on a chart; optimize your alerts to take advantage of the next move.
  • Fast markets require easy tools: Zignals Alerts delivers.

HTML5 Charts and Alerts

Zignals is the global leader in stock alerts (No. 1 on Google), but we aren’t resting on our laurels. New look Zignals now offers comprehensive charting tools with fast alerting – all in a mobile-friendly design.

Powerful Market Alerts

With Zignals you can select from 50+ different types of alerts: covering price, volume and technical triggers. Simple one-click setup will keep you one step ahead of the market.

In-App, SMS Email Delivery

Zignals offers multiple ways to receive your alerts. In-app notifications keep you informed as you watch the market. While SMS and Email delivery alerts you while you are away.

View Alert Winners

Track alert performance on a chart or in tabulated form. Triggers can be viewed independently or in combination, showing potential gain (or loss!).

Try Zignals’ Alerts for Free

We offer a range of competitive monthly, quarterly and annual packages, but you can start building alerts on some of the leading equities in the market right now – for free.

Custom Watchlists

Pro Users can build custom watchlists. Watchlists support group alerts and quick view charting. Prices start at $10 a month.

Tools

Zignals


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Compare Shares and Share Dealing Accounts at MoneySuperMarket #shares #trading


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MoneySuperMarket.com

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Share dealing

Investing in stocks and shares has become increasingly popular in recent years, as low interest rates have meant that returns from most savings accounts fail to keep up with the rising cost of living.

Stocks and shares, or equities as they are otherwise known, offer the potential for higher returns, but investing in individual shares is not for the faint-hearted as stock markets can be volatile.

When you own shares, you are basically buying part of a certain company or organisation. If that company performs well, then your shares will increase in value, but if it does badly, your shares could become worthless. The fewer the number of companies you invest in, the bigger the risks.

Those who are prepared to accept the risks involved will need to sell and buy their shares through a stockbroker or share-dealing service. Costs can vary widely, so it s important to make sure you don t end up paying more than you need to.

Different share-dealing charges

Remember that the best value option will usually depend on exactly which investments you want to hold, how much you’re investing and how frequently you’ll trade.

There are usually several costs you need to be aware of. For example, there is likely to be a quarterly or monthly administration charge, as well as a flat fee of per transaction for buying shares or funds. You may be able to reduce this charge if you set up a direct debit for online monthly dealing. There may also be additional charges for dividend reinvestment, whereby you reinvest any cash dividends you receive by buying additional shares, and some share-dealing services impose dividend collection fees, which could prove expensive for dividend investors.

You may also be charged an inactivity fee , so that if you only trade very infrequently, it might cost you more. Some share-dealing services don t impose an inactivity fee but might have higher trading charges.

If you want to hold your shares in an individual savings account (ISA). where returns are free of income tax and capital gains tax, or a self-invested personal pension (SIPP) then you will need to check whether there is any charge for this. There may be different charges involved depending on whether or not you plan to hold your investments in one of these wrappers.

Additional services

Many share-dealing services also offer useful research and information to investors, with some offering broker share tips. However, often you pay more for services which offer a level of advice.

There may also be guidance as to which investments are more risky than others, so that investors can ensure that they choose shares which are appropriate for their needs, so it s worth visiting several share-dealing website to see the sorts of services on offer.

Compare trading accounts

If you re looking for a trading account for shares, it s vital to compare the different available options so you can find the best solution for you. Services vary widely depending on which provider you go to, so think carefully about your requirements and weight up the costs involved to ensure you find the best share-dealing account to suit your individual needs.

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Program Trading, Fair Value, Index Arbitrage Values, trading index funds.#Trading #index #funds


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trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Trading index funds

Index Arbitrage Program Trading Premium Values for Sept-06-2017

Trading index funds

(Premium = SEP 2017 Futures – Spot Index)

Trading index funds

Trading index funds

Our Trading Guidelines for Sept-06-2017

Trading index funds

What are Fair Value, Sell Active , Sell Threshold , Buy Threshold , and Buy Active ?

When do sell programs and buy programs occur?


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Stocks Basics: What Causes Stock Prices To Change, how to do stock trading.#How #to

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Stocks Basics: Trading Stocks and Order Types

How to do stock trading

How to do stock trading

  1. Stocks Basics: Introduction
  2. Stocks Basics: What Are Stocks?
  3. Stocks Basics: Different Types Of Stocks
  4. Stocks Basics: How Stocks Trade
  5. Stocks Basics: Trading Stocks and Order Types
  6. Stocks Basics: Bulls, Bears & Market Sentiment
  7. Stocks Basics: How to Read A Stock Table/Quote
  8. Stocks Basics: Valuing Stocks
  9. Stocks Basics: Conclusion

How to do stock trading

In this section, we discuss the practical matter of going about buying and selling shares of stock. Individuals typically buy and sell shares by using a licensed brokerage firm or broker who makes the actual trade. Historically, stockbrokers were hired only by wealthy individuals and families, but today a wide range of brokerages exist for all price ranges. So-called “full-service” brokers offer a suite of research, opinion, and expert advice and can offer a personal relationship between the broker and the client. For more budget conscious clients, discount brokerages exist that offer a much more bare-bones service offering, in some cases simply executing purchases and sales. Over the past two decades, electronic trading has grown significantly, with many online brokerages offering both research and opinion as well as trades at low prices, some asking as little as $5 or less per trade in commission. (See also: Picking Your First Broker.)

Regardless of the type of brokerage used, the mechanics of buying or selling shares is fairly uniform. First, a stock quote is obtained. In the early days of stock exchanges, price information was transmitted via tickertape​ – a long ribbon of paper that printed basic data via telegraph wire. That is why today we still refer to stock quotes as the ticker.

A stock quote carries a lot of information including the current bid and offer (sometimes called the ask) prices as well as the last price that traded. The bid is the highest price that somebody in the market is willing to pay at a given time, while the offer is the lowest price that somebody is willing to sell. If you are interested in buying shares, you will make a bid, and if you want to sell an offer. When the price of a bid and offer coincide, a trade is effected.

In addition to this price information, data on trading volume (number of shares traded) is often included. Stock quotes obtained online are often real-time quotes that confer second-by-second details, and online quotes also often include charts and interactive tools. Stocks are quoted by their ticker symbol, represented by between one and four capital letters, which are often loosely representative of the company name. For example the ticker symbol for Microsoft Corp. is MSFT​, Caterpillar Inc. is CAT, and Apple Inc. is AAPL​.

Market Orders and Limit Orders

Next, the type of trade has to be determined. A market order is simply an order that instructs the broker (or online trading platform) to buy or sell shares at the best available price. If you wanted to buy 100 shares of AAPL at market, and the quote shows: Bid: $139.80 (100), Offer: $140.00 (50), Last: $139.95 (250). This tells us that the last trade was 250 shares at $139.50 and it indicates 50 shares are offered at $140.00. Suppose another 200 are offered at $140.05. Your market order would buy the 50 shares at $140.00 and then purchase 50 more at the next best price at $140.05.

A market order does not guarantee the price you will get, but it does guarantee that you will get the number of shares that you want, in this case 100. When an order is completed, it is said to be filled. A market order is most often used in cases where the buyer or seller is most concerned with filling the size of the order and not concerned with the price. A limit order specifies the price at which you want to trade. For example, you may specify that you want to buy AAPL for $140.00 but no more, in which case you would buy the 50 shares offered at $140.00 and then wait for some other seller to come down to your price. Until that happens, the new quote would be Bid: $140.00 (50), Offer: $140.05 (200), Last: $140.00 (50).

A limit order can also be designated all-or-none (AON), meaning that you won’t agree to buy your shares unless you can get all 100 that you want. If the original limit order in this example were AON, you would not buy the 50 that are offered until another 50 came along. Limit orders are used by those who are primarily concerned with the price they want to receive, but they are not guaranteed that the size of their order will be filled. Price versus getting filled on the size of your order are the primary trade-offs between market and limit orders.

Stop Orders

Stop orders are contingent on a certain price level being attained to activate the trade. With a stop order, your trade will be executed only when the security you want to buy or sell reaches a particular price (the stop price). Once the stock has reached this price, a stop order essentially becomes a market order and is filled. For instance, if you own stock ABC, which currently trades at $20, and you place a stop order to sell it at $15, your order will only be filled once stock ABC drops below $15. Also known as a stop-loss order, this allows you to limit your losses.

This type of order can also be used to guarantee profits. For example, assume that you bought stock XYZ at $10 per share and now the stock is trading at $20 per share. Placing a stop order at $15 will guarantee profits of approximately $5 per share, depending on how quickly the market order can be filled. Stop orders are particularly advantageous to investors who are unable to monitor their stocks for a period of time, and brokerages may even set these stop orders for no charge.

One disadvantage of the stop order is that the order is not guaranteed to be filled at the preferred price the investor states. Once the stop order has been triggered, it turns into a market order, which is filled at the best possible price. This price may be lower than the price specified by the stop order. Moreover, investors must be conscientious about where they set a stop order. It may be unfavorable if it is activated by a short-term fluctuation in the stock’s price. For example, if stock ABC is relatively volatile and fluctuates by 15% on a weekly basis, a stop-loss set at 10% below the current price may result in the order being triggered at an inopportune or premature time.

Other Kinds of Orders

Orders may also be tagged with instructions regarding how long an order is good for. An immediate-or-cancel (IOC) order is cancelled if the order isn’t executed right away. This is typically used in conjunction with a limit order. When an IOC order is combined with an AON order, it is designated fill-or-kill (FOK). A day order is a limit or stop order that is cancelled at the end of the trading day, and will not be active the next morning. A good-til-canceled​ (GTC) order is active until the instruction is given to cancel it, and may remain active for many days at a time or longer.

Margin Trading and Short Selling

In addition to the mechanics described above, many brokerages offer margin trading, allowing their customers to borrow money to buy shares in excess of the amount of cash in their account. Margin also allows for short selling, which is where a market participant borrows shares they do not own in order to sell them with the hope of buying them back in the future at a lower price. A short seller is betting that the price of a stock will go down, rather than up.

In addition to using a brokerage, there are two less common ways to own shares: dividend reinvestment plans (DRIPs) and direct investment plans (DIPs). DIPs are plans by which individual companies, for a minimal cost, allow shareholders to purchase stock directly from the company. DRIPs are where the dividends paid by shares are automatically used to purchase more of those shares (including fractions of a share).


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Swing Trading Strategies @ Certus Trading #trading #tips, #matt #choi, #trading #trainings, #free #trading

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Trading BIG Moves
With Options

This is a monthly subscription where Matt will share his best options trade each week. Available ONLY to those who have completed the Advanced Options Strategy Blueprint program, this alert service will show you how Matt executes the 8 strategies in real time.

Advanced Options
Strategy Blueprint

This 8-weeks, 8 strategies program is for aggressive swing traders who seek high rewards with controlled risk. Matt will show you his 8 advanced options strategies that will give you a steady stream of high probability trades ALL YEAR ROUND, in ANY market condition.

Options Alert

This is a monthly subscription where Matt will share his best options trade each week. Available ONLY to those who have completed the Advanced Options Strategy Blueprint program, this alert service will show you how Matt executes the 8 strategies in real time.

Mastering Technical
Analysis

Get everything you need to know to effectively use Technical Analysis to find high-probability trading opportunities in all markets (stocks, ETFS, Commodities, Futures, FOREX); including all the trend continuation and key reversal patterns that you can use to build strategies and systems.

Profit Blueprint For
FOREX Trading

This online Forex comprehensive course is your blueprint on how to profit from swing trading the Forex market using technical analysis. With Matt’s simple and practical approach using real and timely case studies, you can apply what you learn to your own trading right away.

One-Year
Transformative
Mentorship Program

This is an advanced, all-access program designed to fast track and totally transform your trading. This is for traders who are fully committed to their trading success and want to master trading a truly diversified portfolio across all asset classes with Matt as their mentor.


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Online Stock Trading and Stock Trading Tools #business #development #jobs


#stock market websites

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Scottrade Client Website for Online Trading

Scottrade received the highest numerical score in the J. D. Power 2016 Self-Directed Investor Satisfaction Study, based on 4,242 responses measuring 13 firms and the experiences and perceptions of investors who use self-directed investment firms, surveyed in January 2016. Your experiences may vary. Visit jdpower.com .

Authorized account login and access indicates customer’s consent to the Brokerage Account Agreement. Such consent is effective at all times when using this site.

Unauthorized access is prohibited.

Scottrade, Inc. and Scottrade Bank are separate but affiliated companies and are wholly owned subsidiaries of Scottrade Financial Services, Inc. Brokerage products and services offered by Scottrade, Inc. – Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC .

Brokerage products are not insured by the FDIC — are not deposits or other obligations of the bank and are not guaranteed by the bank — are subject to investment risks, including possible loss of the principal invested.

All investing involves risk. The value of your investment may fluctuate over time, and you may gain or lose money.

Online market and limit stock trades are just $7 for stocks priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund and option transactions. Detailed information on our fees can be found in the Explanation of Fees (PDF).

You must have $500 in equity in an Individual, Joint, Trust, IRA, Roth IRA, or SEP IRA account with Scottrade to be eligible for a Scottrade Bank® account. In this instance, equity is defined as Total Brokerage Account Value minus Recent Brokerage Deposits on Hold.

The performance data quoted represents past performance. Past performance does not guarantee future results. The research, tools and information provided will not include every security available to the public. Although the sources of the research tools provided on this website are believed to be reliable, Scottrade makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability or reliability of the information. Information on this website is for informational use only and should not be considered investment advice or recommendation to invest.

Scottrade does not charge setup, inactivity or annual maintenance fees. Applicable transaction fees still apply.

Scottrade does not provide tax advice. The material provided is for informational purposes only. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

Investors should consider the investment objectives, charges, expense, and unique risk profile of an exchange-traded fund (ETF) before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing.

Leveraged and inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds’ performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing. No-transaction-fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder or SEC 12b-1 fees.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade ® Options Application and Agreement. Brokerage Account Agreement. by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy by contacting Scottrade. Supporting documentation for any claims will be supplied upon request. Consult with your tax advisor for information on how taxes may affect the outcome of these strategies. Keep in mind, profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.

Market volatility, volume and system availability may impact account access and trade execution.

Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss, in a down market.

Scottrade®, the Scottrade® logo and all other trademarks, whether registered or unregistered, are the property of Scottrade, Inc. and its affiliates.

Hyperlinks to third-party websites contain information that may be of interest or use to the reader. Third-party websites, research and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

© 2016 Scottrade, Inc. All rights reserved.


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RapidSP Day Trading Simulator – Free download and software reviews – CNET #rapidsp #day

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RapidSP Day Trading Simulator

Publisher’s Description

From Brenexa: RapidSP is a powerful yet easy to learn day trading simulator that can be used for realistic tick-by-tick paper trading of stocks, futures and currencies. Test your trading abilities with virtual money and see how much you can make by predicting the intra day price movements correctly. With day trading skills there is no limit on how much you can make even in real life. You can download more data for many stocks, currencies and futures for free at www.brenexa.com. Software features: Variable speed daytrading simulations to practice few years of daytrading in few weeks, risk free. Simulates unlimited no. of currencies, futures, commodities and stocks. Many years of data on many different instruments available to download. Offers 100+ different technical studies and oscillators. Users can add technical indicators via the menu and indicator property dialog. The technical analysis is updated at every tick. All the technical studies in RapidSP are highly regarded for their mathematical accuracy. Includes many technically difficult to implement studies such Darvas boxes and others. 10+ Line studies like Ellipse, Rectangle, Trend Line, Speed Lines, Gann Fan, Fibonacci Arcs, Fibonacci Fan, Fibonacci Retracements, Fibonacci Time Zones, Tirone Levels, Quadrant Lines, Raff Regression, and Error Channels. Supports all of the popular stock chart display styles: Candlestick, OHLCV, OHLC, and HLC, Darvas Boxes, 3D Candlesticks, Renko, Kagi, Three Line Break, Point & Figure, Candlevolume, Equivolume, ZigZag and Shaded Equivolume. Each of these chart styles is updated tick by tick, just like real-time. Simultaneous view of multiple time frames. Provision to delete pending/executed orders. Rewind/FF features. Supports all the popular order types (Market, Limit, Stop, Stop Limit, MIT, FOK, OCO). A complete set of drawing tools.

What’s new in this version:

Version 10.6.3.6 may include unspecified updates, enhancements, or bug fixes.

screenshots

0 stars Be the first to review this product

out of 13 votes

Results 1 10 of 13

Will Not Load.

2015-11-18 16:32:33 | By PlaneSite13

| Version: RapidSP Day Trading Simulator 10.6.3.2

Wouldn’t know because the program would load

The program wouldn’t load. Tried 3 times to no avail. Not worth buying if you can’t get to the trial period..

I guess this thingy taught me few things

2013-11-17 16:51:49 | By Batshwind

| Version: RapidSP Day Trading Simulator 10.5.8.4

Could use it offline, good price, comes with lots of tick data included in the price. Has lots of technical studies, is easy to use and is fast

Tick data could be offered for more instruments. I needed tick data for JCP. There is lots of other stocks/futures/currencies data listed on the site but JCP wasn’t in there. You can only trade on historic tick data, for example you can’t use your own tick feed.

Useful and learnt a lot using it.


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Best Day Trading Simulators and Demo Accounts #demo #trading #platform


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Best Day Trading Simulators and Demo Accounts

Updated March 10, 2017

Day trading doesn t just require knowledge, it requires practice. While a demo account or day trading simulator can t mimic the psychological pressures of having real money on the line, it s still a valuable tool for honing strategies, developing trading confidence, monitoring market conditions or familiarizing yourself with the software before using it with real capital.

Whether you day trade forex, stocks, ETFs, futures, or all of them, here are three solid free demo accounts you can use. Each broker offers different types of software (trading platforms), so you can see which software best suites your trading style.

Futures Demo Account: NinjaTrader Brokerage

Trade a real-time demo account with NinjaTrader Brokerage on the NinjaTrader platform. NinjaTrader

NinjaTrader is a great low-cost (can be free) futures trading platform, and the company also provides brokerage services.

Open a free Ninja Trader demo account and get access to one of the most recommended charting and trading platforms available, as well as some the lowest trading fees in the business.

The NinjaTrader platform is a purchasable product, and can be integrated with a number of brokers. NinjaTrader is also available for free, although commissions will generally be higher with this approach (the cost of the platform is worked into the commissions). You can lease the platform for $50 per month, and this reduces the per trade commissions, or you can buy the platform outright for $995 and this results in the lowest commissions.

The great thing is that you can practice day trading futures on NinjaTrader for free. Setup a demo account, and you can practice all day and night! A replay feature allows you to download past trading days, and then trade them as if they were live. This means you can practice all day and weekend if you want, even when markets are closed. When learning to trade, the ability to practice this much is a huge benefit.

NinjaTrader also provides forex demo (and live) trading through a small group of forex brokers.

Continue to 2 of 3 below.

Forex Demo Account: Oanda with Desktop Trading Platform

There is no shortage of forex demo accounts available, but for U.S. residents, Oanda.com offers a lot of flexibility, great software and competitive spreads.

Oanda does not charge a commissions on trades (when live trading). Rather, they make money by charging a slightly higher bid/ask spread. This means traders must pay the the spread to enter/exit a trade.

One great thing about Oanda practice accounts is that they do not expire. You can practice for as long as you want, using the popular MT4 trading platform or Oanda s own Desktop Trading Platform (or mobile app).

The Desktop platform is easy to use and includes trade functionality such as being able to easily place a stop loss and target (in pips or price) at the same time a trade is taken. The program also provides advanced charting, and an autochartist feature that highlights trade setups based on statistical data (located under Technical Analysis in the Resources tab).

Signing up for an Oanda demo account can be done very quickly, here: https://www.oanda.com/forex-trading/

Oanda is not an ECN broker. ECN brokers charge a commission on each trade but typically have much tighter bid/ask spreads. An ECN account is better for day trading forex, but as of 2017 there are very few ECN brokers opening accounts for U.S. residents.

Continue to 3 of 3 below.

Stock Trading Demo Account: TradingView Paper Trading

TradingView.com is a platform that provides free real-time charting and demo trading. Free real-time stock charts are not official market data. Official data requires a payment. A full explanation of the difference between free and paid real-time stock market data is discussed in Best Free Real-Time Stock Charts for Day Traders. That said, for most people starting out in a demo account the free data will work fine.

The site is loaded with features, and allows you to make real-time simulated trades in stocks or forex. Futures demo trading is available, but data is delayed. Traders can trade a CFD on many futures contracts, though, and CFDs have real-time data.

TradingView has some of the best charting and market analysis tools available (especially considering they are free!).

After signing up for a free account, along the bottom of the screen click the Paper Trading tab. Pull up the chart you want to trade. Make a simulated trade by either right-clicking on the chart, or clicking in the DOM box.

TradingView can be synced up with a limited number of brokers if you decide to trade real money. If you don t like the brokers they offer, then you will need to use a different platform for your live trading (although you can still do free analysis on TradingView, if you wish).

Formerly, the TD Ameritrade thinkorswim Paper Money account was the recommended demo account for day trading stocks. Unfortunately, they no longer provide real-time data (now delayed 15 minutes) so it is no longer recommended. It is still a useful demo trading platform if taking longer-term trades based on the daily chart, for example.

Best Day Trading Simulators and Demo Accounts – Final Word

If you want to trade futures, then NinjaTrader Brokerage or TradingView can help you out. NinjaTrader is better for futures because of the replay feature, and quotes are live. TradingView is good for demo trading stocks, because quotes are live and there are great anaysis tools. TradingView also works well for demo trading forex (NinjaTrader can also be used to trade forex). Unfortunately, you will have limited forex broker options with NinjaTrader or TradingView. So you either like the brokers that sync up with their trading platforms, or you need to find another broker/platform to trade real money on. Oanda is a good option if you are interested in trading forex. They offer a great trading platform and competitive spreads for U.S. (and global) clients. They also offer a lot of statistical data (even if you don’t have an account with them) which can be very useful when forex trading.

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