Three Best Trading Simulator - What are features of trading simulator?

 

Do you ever think about purchasing the stock in a firm? Do you not have money to make a trade? Have you heard any news related to the stock price? If yes, then you can pick the most secure option that is a stock market simulator. With the help of this simulator, you can choose the securities, make the trades, look for the investments without taking any risk of money. 

Important points:

●        A stock market simulator is a great way to learn trading without taking the risk of money.

●        It operates the gamut right from basic investments to trading strategies. 

●  Numerous simulators organize the contest by which you can test your skills against your competitors. 

List of different types of trading simulators:

When you search about the stock simulators, you will get plenty of options with different perks and features. Some of them are user-friendly and provide some common basic investment choices. On the other, you have complex options that include forex trading. The tutorial videos are available too that help the investors in learning trades. 

As per your skill level and reason for trading, you can choose the best simulator. You can commence your journey of trading with the basics and then move to the complex level. 

How the market works

It is not cumbersome to commence with the working criteria of the market. All you need to do is, sign up, mention the email address, age. Further, you can either opt-in or opt-out to third-party contact. After that, make the selection regarding how much virtual cash is required initially. 

You have the opportunity of buying stocks, ETFs, and mutual funds in the U.S and Canadian markets. In addition to it, an investor can practice global trading stocks, and so on.

There are plenty of trading modes present that offer numerous features like a real-time hour that matches the stock market. If you search about “ How the market works?” then you will get various educational articles. These articles are fruitful for beginners. You also get the data of traded stocks. 

Wall Street Survivor 

The most prominent simulator is the “wall street survivor.” It provides you the virtual experience of stock trading. Once you are done with the signup, beginners can upgrade the skill with numerous education courses. These courses include “ Getting Started in the Stock market.” You can purchase a package of articles, videos, and so on. 

This site is ideal for beginners, including the social-media style design. The easy-to-understand information will display on the screen. So, all you need to do is understand the correct format, consisting of a few words or a complex chart. Even, you have the opportunity to earn the badge. 

Investopedia’s Stock Simulator 

This simulator is a blend of financial education sites and for beginner investors, including the virtual balance. It consists of a series of “how-to guides” on various topics that include buying the stocks, advanced trade types, etc. 

The main format of trading is a game that consists of creating personalized games which allow the users to configure the rules. There are several types of games available that include U.S. stocks, Canadian Stocks, and so on. Right from beginners to experienced, there are different sessions available. 

You will get various options that include margin trading, adjusting commission rates, and many more. 

Neostox Trading Simulator

Virtual trading platform for stock markets. It offers virtual money to users that can be used to trade stocks. It features Options Analyzer to display the instruments to trade, tools for calculating margins, reports for analysis, and more. It also enables to trade equities, futures & options, and more. Best tools for beginners to experts. Following are features of trading simulator

·         Equities/Futures/Options are available to trade - All equities, future, options are available in this simulator.

·         Real Time Data Feed - The market feed is Real, Here you can test your strategy in real time feed with virtual money. There is no fear of loss.

·         Analysis - You can see how many trade finished successfully and how many stoploss.

·         Auto Limit - Neostox best features is auto limit which allows you to set the target price (in percentage) and the time you want to wait.

·         AI based option trader - With AI based option trader, you just buy & sell and the rest will be done by the AI working in background.

·         Options analyzer - Options analyzer will give you real-time market movement of options of selected index/equity

·         Index and Equity Analyzer - Index/Equity Analyzer tool is designed to help you do the analysis to gain in-sights.

·         Realtime Trade Progress Monitoring - if you are making profit or loss than you will see taxes, fee and the net P/L all in real time.

·         Daywise Summary Report - You can view your current day summary in real time and also can see your report of last 180 days which helps you to analysing your performance and make it better than before.

·         Order carry over to next working day - Each and every trades initiated by you if not hit the target profit or stoplosss percentage in the same day will carried over to next day automatically.

·         Aftermarket Orders - In aftermarket orders you can set market AMO, limit AMO, set limit with target profit and many more.

 

Final Verdicts

The stock market simulator is best in offering a safe and structured environment. In this environment, investors will learn plenty of things without putting their money at risk. You will learn actual trading with the help of choosing the best simulators. Keep the one thing in your mind: when you invest your money in real-time trade, then take each step carefully. It is because one bad trading step leads to the loss of real money.