The Best Options Trading Simulators in 2018
You will receive a pre-order ticket, where you only need to enter your number.
Free Option Trading?
While more experienced traders may be skeptical about the simplicity of the app and the newbies it attracts, there is no denying that it is a game changer. In , Robinhood became the first financial app of any kind to win an Apple Design Award, thanks to its quick sign-up process and easy-to-use interface. The app uses geolocation to suggest relevant stocks. It provides an innovative crowd-sourced, social approach that shares insight and trends from other Robinhood users, looking to build a following.
Latest updated versions of the app both for iOS and Android were uploaded in October and so far have been receiving positive reviews from the users. Access to Robinhood Gold will cost the users a flat fee per month, with the amount varying depending on what level of account you sign up for. For more details on the service, click here. TD Ameritrade Mobile is offering customers several applications for monitoring the market and making trades.
The reliability of this scientific method is superior to any other form of analysis. The equations are complex, which is why the man behind the math — Don Fishback — is crucial to success.
This focus on appearance provides clarity and context, making everything more understandable. The result is a better, smarter experience. Traders want a clear path so that they can find what they want in the wide world of options and can trade it in confidence. OptionApps delivers that fast and easy. But quality — there is nothing short-term about that. Our company has a year tradition of excellence. We want you to have confidence in your decision to give it a try. Since the software is available immediately, your 10 calendar day guarantee period begins when you order.
If you are new to options, these three video chapters from our best-selling What Are Options course are ideal to help you understand how to think differently, define options, and understand how to use them to generate income and wealth. This series of five powerhouse videos show you how to trade options the way casinos run gaming. When you put the odds in your favor, you are stacking your probability of profits higher and higher.
Now you can get this valuable lesson to use yourself. These recordings are invaluable because they contain the most frequently asked questions from OptionApps customers. You get 2 prior recordings to add unlimited value to your options trading.
Perfect for the do-it-yourself investor. Simple To Use, Powerful Results. Don Fishback is one of the brightest minds in the world of options trading. With 32 years of experience, he combines rigorous analysis with unmatched technology to give you OptionApps — the most helpful options software ever developed. OptionsHouse is a broker that offers the unique feature of using their platform before starting a paper trading account with them.
Their intuitive platform and functionality provide investors of all levels the tools they need to succeed. Their virtual trading feature is a great way for amateur investors to woodshed their skills and compete with the pros. Back in , OptionsHouse also expanded their chart trading feature which conveniently allows you to adjust trades onto the actual chart. Thinkorswim is arguably the best options paper trading simulator online, and for good reason. Thinkorswim also provides a blanket of educational webcasts.
A bit of a warning: Thinkorswim PaperMoney is only available for download. Thinkorswim also has a fantasy stock market game, which can be found here. Analytical reports are a great way to track your own progress as you make your way through the learning process. Graphs and charts, along with growth and loss indicators, are crucial as they should reflect actual reports and explanations explaining why certain options prices rose or fell.
Also consider their software and its features. The gaming aspect of options trading is a great way of gauging how you fair with the rest of the competition while earning real prizes and money along the way. Be sure to direct your attention to the educational materials a broker offers in addition to their simulators. Theory is just as important as practice and if you feel you need to expand your knowledge some more before getting your feet wet then be sure to find a broker that offers extensive articles, guides, and even videos that teach you about the subject matter.
For even further assistance, look for a platform that not only gives you tutorials but will interact with you in real-time. Many of these will not only give you the literature to learn more about options trading but they will also offer suggestions for trading based on current market conditions and trends.
With all this information, you are now more fully-equipped to choose a simulator that suits your needs and style of investment. These simulators are a safe place to make mistakes, so the decisions you make in these versus real world conditions may vary. Just make decisions as if you were actually spending money. With that said, I wish you luck on your newest venture in options trading. I recommend you first go ahead and sign up for an account with one of the many options trading brokerages available.
I use it as a live simulator to test out trading strategies.