Paper Trading Platforms

[mihaela.g 10]

Hello,

 

Can someone recommend or share an opinion regarding some paper trading platforms?

 

Thank you.

[brownsfan019 17]

Open ECry has a very nice paper trading platform if you are interested in futures.

[Dinerotrader 10]

I have been using Open ECry's demo for about 5 months or so now day in and day out and I really like it for my style of trading. You can use OEC's demo for $25/month which includes their charting and data feed. Very good deal for a beginning trader and there are lots of question and answer threads here in the OEC section of the forum which has really helped me when I couldn't figure something out. They just put out a new version of their platform last week which has some nice upgrades.

 

It is hard trying to figure out what to use when you are a beginner because there are a million different opinions out there about each platform. For me, I just wanted to get started on the real work of trading at a low cost while I wasn't earning any income from trading and OEC fit the bill. Good luck.

[mihaela.g 10]

Thank you for your replies.

 

I just realized I should have given more details of what I need from this platform of paper trading.

 

1. I am only interested in stocks.

 

2. I'd like it to have the possibility to place stop and limit orders.

 

3. Ideally, it should be as close to reality as possible. If I place an order and the market is closed, it shouldn't get filled.

 

4. I don't expect any charting capabilities, nor advice. It would be nice to give me some 20 min delayed data; it would help me with my entries and exits, but, if not possible, i could do without.

 

5. It should be free to use.

 

Thank you,

Mihaela

Edited February 21, 2010 by mihaela.g

[JEHs 10]

Interactive Brokers...

You can set up a paper trading account, though I think you need a real account first, but that just needs 2500 usd or something to start, then you can trade anything in the paper account. There are live charts there too, but not real great ones.

 

JH

[s2prasad 10]

Have you looked at Think or swim. It has a paper trading account. You don't have to pay a cent. Just open a regular account. If you have no interest in continuing just cancel your account and get all of your money back. They have stock , options & future all in one. They also have weekly chat on wed and friday.

[Nick Fosco 10]

I have been using ThinkorSwim for the past six months and love it. The best thing is that they have a daily 'Market Cast'; where a profession trader walks you through the market real time for FREE. They also have another guy lcalling out trades from the Futures pit live. Sounds like he's calling a horse race all day long.

[ipfree 10]

Turtrades is not a broker software. But it does let you paper trade and practice your trades using real historical market data. You can trade in the past and advance to next day or several day to see how you did. It is kind of like paper trading without waiting several days to see the results.

[athill 10]

I have been using Open ECry's demo for about 5 months or so now day in and day out and I really like it for my style of trading. You can use OEC's demo for $25/month which includes their charting and data feed. Very good deal for a beginning trader and there are lots of question and answer threads here in the OEC section of the forum which has really helped me when I couldn't figure something out. They just put out a new version of their platform last week which has some nice upgrades.

 

It is hard trying to figure out what to use when you are a beginner because there are a million different opinions out there about each platform. For me, I just wanted to get started on the real work of trading at a low cost while I wasn't earning any income from trading and OEC fit the bill. Good luck.

 

 

are you not able to get charts on their demo account? just tried downloading to play around with it but would like to see what their charting software looks like.

 

thanks

[mihaela.g 10]

I have been using Wall Street Survivor for the last year. It's free of charge and I have no complaints about it.

[NYCkopp 10]

I just started using TOS(Thinkorswim) being a new guy to the industry ... I'm learning a ton utilizing the paper money account.

[henryduncan12 10]

Hello,

 

Can someone recommend or share an opinion regarding some paper trading platforms?

 

Thank you.

 

Hi You can visit here avafx.com/Trading-Platform/. Hope you find it useful.

[Josh7 10]

https://papermoney.thinkorswim.com/tos/displayPage.tos?webpage=paperMoney

[lylec305 10]

Hello,

 

Can someone recommend or share an opinion regarding some paper trading platforms?

 

Thank you.

 

If you are interested in options trading, checkout CBOE | Chicago Board Options Exchange . You will find videos, paper trading and much more.

[ratmpower 10]

this platform is free: http://www.strategyard.com

[gavind 11]

Sorry ahead for bumping this up but is anyone else still using Paper Trading platform recently? I'd like to get some tips if possible please.

[gavind 11]

Hi, regarding XM, where can I find user reviews? I was just checking them and cannot find anything about it.

[divyanshisharma 2]

1. Acorns. The Acorns app is a great choice for first-time investors. ...
2. Stock Market Simulator. The Stock Market Simulator app gives you the ability to try before you buy. ...
3. SigFig. ...
4. Motif Explorer. ...
5. Yahoo! ...
6. TD Ameritrade. ...
7. Fidelity Investments. ...
8. CNBC.

[CrazyCzarina 17]

Most newbies rush to panic and make great mistakes because of excess nervousness and the lack of knowledge.

[mukti 0]

1. Acorns. The Acorns app is a great choice for first-time investors. ...
2. Stock Market Simulator. The Stock Market Simulator app gives you the ability to try before you buy. ...
3. SigFig.
4. Motif Explorer.
5. Yahoo!
6. TD Ameritrade.
7. Fidelity Investments.
8. CNBC.

[CrazyCzarina 17]

I think we should focus on our learning, to gain knowledge about the market so that we can minimize the loss ratio compare to profit.