Teach your self on simulators

I would recommend the Cybertrader simulator using delayed (but actual tick) data. The feed loops continuously throughout the day.
 
open ecry is reminding me that mine is expiring, but I haven't had the time to experiment with it enough.
Maybe I'll contact cybertrader also to see what they say. I won't have trouble getting accustomed to any one platform, I just need practice actually trading, managing positions etc. Just seems like the brokers are saying "how did you like the platform, you lost 10k, great, ready to open an account"

I'm concerned about cost. Open ecry doesn't charge for the software but are already reminding me after a wk.....

thanks all..
 
dont get caught up in the simulator thing. it is false hope. everyone is the greatest simulated trader in the world. you need to get the burn in your stomach to develop you as a trader trading real money
 
I agree, I was never big on paper trading--I need the real consequesces to learn.
I wanted to have a simulator for a while if I was going to trade emini. I see a little value for active trading, but in general I agree.
 
Yes, no substitute for real pain. But its good to get your platform down and comfortable with the motions. Try to use a simulator that is the same as your cash platform.

Quote from pkny:

I agree, I was never big on paper trading--I need the real consequences to learn.
I wanted to have a simulator for a while if I was going to trade emini. I see a little value for active trading, but in general I agree.
More...
 
Papertrading while useful for working through and designing trading plans will never re-create the reality that you must master to succeed. Here's how u can make papertrading somewhat realistic.

Get $500 GENUINE one dollar bills and put in a bowl on your desk where you can see the money as you are trading. Every time you lose on a trade take 1 dollar out, light it on fire and watch it burn to ash. Every time you win take $1 out, put aside in separate bowl. At the end of each day go spend your winnings or give it away to the homeless.
 
Quote from Stardust:

Papertrading while useful for working through and designing trading plans will never re-create the reality that you must master to succeed. Here's how u can make papertrading somewhat realistic.

Get $500 GENUINE one dollar bills and put in a bowl on your desk where you can see the money as you are trading. Every time you lose on a trade take 1 dollar out, light it on fire and watch it burn to ash. Every time you win take $1 out, put aside in separate bowl. At the end of each day go spend your winnings or give it away to the homeless.
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:eek:

house%20on%20fire.jpg
 
I'm not big on papertrading either, as i prefer to trade in 1 lots instead. Think or Swim has a pretty good simulator, though, if options are your thing. The only problem is the simulator fills you at the mid point every time.
 
What are your profit objectives with one lot?

Quote from Div_Arb:

I'm not big on papertrading either, as i prefer to trade in 1 lots instead. Think or Swim has a pretty good simulator, though, if options are your thing. The only problem is the simulator fills you at the mid point every time.
More...
 
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