Trading Game

[barneynels 10]

Hello

 

Sorry if this is posted in the wrong area.

 

Please can anyone recommend a good trading game for someone who is numeric but not necessarily clear on all aspects of financial market terminology? I am looking for something that will give me a flavour of trading generally and more from the perspective of a short-term trader than someone who makes long term economic decisions.

 

I would quite like to get a feel for the mechanics of trading. I have been 'trading' on sports betting exchanges and would like to see whether my skills transfer over to trading in financial markets.

 

Cheers

 

Barney

[torero 10]

there are plenty of demo accounts offered by many brokerages, "google demo account eminis or forex" should find plenty to choose from. more questions, just holler!

[chinatown 10]

I was looking for the same thing. The demos are excellent!

[TinGull 10]

Are you wanting a trading game for futures, forex or equities? If equities, check out Virtual Stock Exchange - Home .

[barneynels 10]

I think think I would prefer a foreign exchange demo.

 

I will have a look at the website you mentioned

 

Thanks

 

Barney

[MseTrap 10]

Look into 'VTTrader', They offer free software and simulated Forex accounts.

Of course its only useful during market hours. I've also looked for something similar but haven't had much luck. You can also download a free trial of "Trademaven", and for 30 days you can get tick replay of the ER2 and YM and practice outside of market hours. The software is crummy but tick replay is nice.

[wsam29 10]

Man, I don't want to rain in on anyone's parade but demo trading and real trading are two totally different things affecting your internal emotions.

 

If one does want to get started in trading, start off small!!!

 

Trading larger size is a right of passage, you have to earn it.

 

Once real money is on the line, your head thinks completely different. With play money, you do not have the stress involved of dealing with lose since the lose is only play money. Heck I did great paper trading, came the real thing, I sucked ass until I came to terms with the psychological aspect to trading.

 

Demo accounts are great for learning how to use the platform, other than that, you won't learn a damn thing (regarding handling of the stress and mental aspect of trading).