Simulation Software for Beginners

[Mr.Gekko 10]

Hello All

 

I have to admit I am thrilled to find a community like this online, there is so much quackery available on the internet, this place is like a breath of fresh air. I look forward to becoming an active and contributing member.

 

Here is my situation. I am just starting out, and I have been educating myself. I have a system I have concocted and I want to start simulating some trades, but I have no idea what software would be appropriate for me. My freshly refined system* is going to be based solely on price, market internals and ubiquitous use of support/resistance lines, if that information helps. And I am hoping to primarily trade in the options market.

 

So what sort of software did you guys use for paper trading when you were just starting out?

 

tl;dr

 

Good software for simulations?

 

*My old system was composed of 5 different indicators, however, after having browsed some of the threads here, I now realize what a mistake that was.:crap: So thank you all already!

[Mr.Gekko 10]

I suppose I should also add, I am primarily interested in day trading, definitely nothing long term.

 

I've just downloaded thinkorswim, at the behest of some of the posters here (in other threads), and I'm trying to get the hang of it, should be interesting, though it is somewhat intimidating.

[OptionTiger 10]

Mr Gekko..I'm glad you chose Thinkorswim, its easily the best platform out there, especially if you're going to be trading Options at some time. I have a great Thinkorswim tutorial on my Youtube channel

 

Check it out..

 

Hari

[48Boss49 10]

Thanks Option Tiger,

 

I also used think or swim paper platform to try my different simulations. I finally made a

decision to open a live account with TD Ameritrade and I can use both platforms at once if

I decide to test something first. Ideal situation.

[kevin78 10]

Hello All

 

I have to admit I am thrilled to find a community like this online, there is so much quackery available on the internet, this place is like a breath of fresh air. I look forward to becoming an active and contributing member.

 

Here is my situation. I am just starting out, and I have been educating myself. I have a system I have concocted and I want to start simulating some trades, but I have no idea what software would be appropriate for me. My freshly refined system* is going to be based solely on price, market internals and ubiquitous use of support/resistance lines, if that information helps. And I am hoping to primarily trade in the options market.

 

So what sort of software did you guys use for paper trading when you were just starting out?

 

tl;dr

 

Good software for simulations?

 

*My old system was composed of 5 different indicators, however, after having browsed some of the threads here, I now realize what a mistake that was.:crap: So thank you all already!

 

Try out TradorOptions.com, really offers cool stuff.