djamal-soft
الأربعاء، 18 أبريل 2018
The financial markets such as the stock market, commodities market, or the forex market are great ways to earn money but also great ways to lose money if one does not know what to do. While one might be scared to put in real money because one is afraid to lose it, he still has to practice on the real thing in order to really learn. One of the ways that one can address this problem is to practice on a day trading simulator instead.
Now, before discussing what simulators are like, it is important to know what a real account is like. In most stocks, futures, or forex investing platforms, there will usually be a graph. The graph will show the movement of the price of the commodity and how it goes on an hourly, daily, or weekly pattern.
The graph, or more popularly known as the chart, is the main tool that one will use in order to trade. One can choose between a line chart, bar chart, or a candlestick chart. Out of the three, the most widely used is the candlestick chart since it is the chart that gives the most precise movement of the price.
Included in the graph would also be a set of indicators that one can use in order to perfect his strategy. Some of the popular indicators that one can find here would be the moving average, the RSI, the MACD, the Bollinger Bands, and more. One can choose which set of indicators he can have on his chart.
Lastly, one will find the buy and sell orders that come with the platform. Simulators also have certain buy and sell orders since simulators will copy exactly how an actual platform works. Of course, if one would think that the price will go up, then he will be making a buy order. If he believes that the price will go down, then he will be making a sell order instead.
There is also the very popular stop loss command which is a command that is used to manage risk. While there are some platforms in stocks that do not have the command, most do. If the trade of a trader goes the other direction, the stop loss prevents it from going too far down the drain.
So as one can see, whatever the actual platform has, simulators will also have. The features are pretty much exactly the same so one will have a taste of the real market. The big difference is that the money is not real.
These simulators are there for the whole purpose of practice since one does not have to risk anything. One will get a sum of fake money which will be used in the simulators. These simulators will then emulate real market conditions so that one can be able to trade like he is trading in the real market with real conditions but with fake money. Because of this, one can try out as many strategies as he can before he goes to the real thing.
Now, before discussing what simulators are like, it is important to know what a real account is like. In most stocks, futures, or forex investing platforms, there will usually be a graph. The graph will show the movement of the price of the commodity and how it goes on an hourly, daily, or weekly pattern.
The graph, or more popularly known as the chart, is the main tool that one will use in order to trade. One can choose between a line chart, bar chart, or a candlestick chart. Out of the three, the most widely used is the candlestick chart since it is the chart that gives the most precise movement of the price.
Included in the graph would also be a set of indicators that one can use in order to perfect his strategy. Some of the popular indicators that one can find here would be the moving average, the RSI, the MACD, the Bollinger Bands, and more. One can choose which set of indicators he can have on his chart.
Lastly, one will find the buy and sell orders that come with the platform. Simulators also have certain buy and sell orders since simulators will copy exactly how an actual platform works. Of course, if one would think that the price will go up, then he will be making a buy order. If he believes that the price will go down, then he will be making a sell order instead.
There is also the very popular stop loss command which is a command that is used to manage risk. While there are some platforms in stocks that do not have the command, most do. If the trade of a trader goes the other direction, the stop loss prevents it from going too far down the drain.
So as one can see, whatever the actual platform has, simulators will also have. The features are pretty much exactly the same so one will have a taste of the real market. The big difference is that the money is not real.
These simulators are there for the whole purpose of practice since one does not have to risk anything. One will get a sum of fake money which will be used in the simulators. These simulators will then emulate real market conditions so that one can be able to trade like he is trading in the real market with real conditions but with fake money. Because of this, one can try out as many strategies as he can before he goes to the real thing.
About the Author:
We hope you have found the published articles about how to use a day trading simulator helpful. If you wish to contact us, check out this source now at http://www.bearbulltraders.com/simulator.
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