A great way to learn trading is to use software that let you simulate orders.
With your real time data, you can submit buy or sell orders; but theses orders are simulated; this is a way to learn trading without loosing money.
You can do that everyday, learn how stocks are reacting to news, to market, to volume… and construct progressively your trading system.
Some people are saying that learning with theses tools is a bad idea and it’s better to start trading real money to exercise your self but with few dollars.
I don’t really agree with them because I am sure that if you are going to develop a strict trading system and you will stick strictly to its rules; then you can learn trading by the simulation; that can be the first step in learning; the second one will be trading with real money but with a small account.
If you don’t have access to real time data or don’t have time to trade during market hours because of your work or anything else, then you can use software that let you playback old stock data. Here is how it works:
- You select for example 04/01/2006 intraday data for IBM stock and you select speed of execution, and then start trading.
Ensign window software has this excellent feature.
Trading Systems
QuantShare is an advanced (multi-databases) trading software with powerful back-testing and simulation features, advanced charting and drawing capabilities, many plug-ins, a social network website and a sharing server where application users can discuss, create groups, review, vote and share trading objects with other users.
Application objects include : Trading systems, scripts, composites items, list of symbols, money management scripts, list of rules, ranking systems, neural network prediction items, genetic algorithm optimization items, download scripts...
The software is currently in a beta-testing phase. Beta testing is a special development phase that helps us track bugs, errors and improve the application before its official release.
We suggest that only experienced users take part in BETA testing.
If you are interested in testing the software just enter your email address and we will send you further information. The beta version of the software, the access to the web 2.0 website and the sharing server are FREE. |
