I just want to do some practical training/paper trade, until I'm ready to go live with a real Options account.
any ideas?
2007-04-26 06:05:38 · 2 answers · asked by Marvado 2 in Business & Finance ➔ Investing
The Chicago Board Options Exchange (CBOE.com) has a "Virtual Trade Tool" - "designed to let you test your trading knowledge and market savvy without putting any money on the line. "
http://www.cboe.com/tradtool/virtualtrade.aspx
I also agree with the first answer - some online brokerage firms also have "simulated trading". "YadaYada" mentioned OptionsExpress ( http://www.optionsxpress.com/ ) - there is also ThinkOrSwim ( http://www.thinkorswim.com/ ) with a "paper trading application" ( http://www.thinkorswim.com/tos/displayPage.tos?webpage=paperMoney ).
The advantage of using a simulation account with an online brokerage is that the paper-trading software probably looks like the real-trading software for that brokerage, and you can determine whether you like their software or not - and ease-of-use can be just as important as low commissions!
2007-04-27 07:24:49 · answer #1 · answered by "Bloodhound" 3 · 0⤊ 0⤋
Many brokerages have this ability.
I'd start w/ optionsxpress. They're a great firm and have virtual trading as well.
Hope that helps!
2007-04-26 06:48:35 · answer #2 · answered by Yada Yada Yada 7 · 0⤊ 0⤋