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Stocks, Futures, Forex, and Options trading involves risk and is not appropriate for all investors. TD Ameritrade paperMoney is a paper trading application available as a downloadable trading platform. In addition to a virtual trading account, Scottrade offers a competition called Scottrade Fantasy Portfolio Challenge where you can use $25,000 in virtual cash to trade against others. ScottradeELITE’s Virtual Trading system is a simulated trading platform that allows you to paper trade with an account balance of $100,000.

The Trademonster virtual trading account called paperTRADE is focused mainly on options but you can trade stocks as well. Hi Rob, I fully agree that all new investors should test out their trading skills on a simulated platform before risking any real funds, and these are good platforms you have highlighted, although I think most of the reputable brokers provide these now.
You get a free $25,000 virtual trading account and the ability to use optionsXpress account screens, trading tools and resources to trade stocks, options and futures. Their virtual trading platform is identical to their real platform (Trader WorkStation) and just as complex.

When you open your free practice account, you’ll receive $100,000 in paper money, access to powerful trading tools and the free learning center. However this is one of the benefits of virtual trading – you can learn the platform without fear of losing money because you can’t figure it out.

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27.11.2013 | Author: admin

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