Welcome to Trading Simulator
Choose your Futures and Forex Trading Simulator
Trading Simulator's are the perfect way to begin trading futures, forex and options without the risk of losing your hard earned money. Why risk losing your money while you learn to trade. Many brokerage firms offer free trading simulator accounts. By opening a online trading simulator account allows you to perfect order entry and exits all while learning the personality of the market you are trading. I personally urge you to review all trades you have done on a daily basis and diligently keep a trading journal. Some trading simulator's like NinjaTrader have the ability to replay market data, which allows a trader to review the market's action and learn from trading mistakes that were made. The advantage of this is that you can speed up, slow down, rewind and learn.
When you have become comfortable with using a trading simulator your next step should be to fund an account and start small using real money. You will want to have a brokerage that has excellent human support in case you run into a problem trading. Remember you can make all the mistakes you want trading on a simulator but when it comes to trading with real money it can cost you! Never trade with money that you cannot afford to lose.
Utilizing a futures day trading simulator will help simulate the mechanics of day trading. A trading simulator will allow a person to enter a market order to buy or sell. A trading simulator will allow a trader to practice stop orders or limit orders. A trader can even practice less used orders like OCOs, MITs, and SCOs on a Trading Simulator. Traders can practice cancel-replacing orders on the trading simulator. The trading simulator will also allow a trader to practice how to cancel an order outright. One of the nicest features with using a demo account is one click trading to place, amend or cancel orders. most trading simulators will have a demo account feature that will allow you to track money you make or lose.
Trading Simulators have many features to assist in trading:
- Single click trading
- Trading from the charts
- Live or market replay the essence of a trading simulator
- OCO orders
- Advanced technical analysis
- Trading alerts
- Demo accounts that simulate a live trading account
- Live customer support
- Trading video's and webinars
- Mobile simulated trading accounts