The best training programs for day trading offer students more than just watching successful trades on videos. Tools such as a good day trading simulator allow beginners to not only watch live action, but safely participate without losing any real money. Learn more about why using a simulator should be a key element in your training in this post….
The safest place to get hands on training for day trading is in a simulator. These are offered by some trading platforms and/or some of the better day trading training companies. Day trading simulators allow beginner traders to learn how the market moves and also practice trading with real-time action, however using a dummy account. Since no live money is actually used, traders can practice different aspects of trading without destroying their account.
Day trading simulators are great for practicing recognizing patterns, trade entries and exits and also managing winning and losing trades. This is essential to the beginner trader to help establish initial rules and important habits that will be the basis for a successful career. For experienced traders, a simulator can also be helpful for re-establishing confidence after a red streak or practicing/perfecting a new trade plan before testing it in the live market.
At Limitless Volume, our students use one of the best day trading simulators available on the TradeStation platform we recommend. Students of our program can practice trading along side our expert instructors in our live chat room! This is one of the best ways to get hands on experience of trading live right in front of the masters. For a 7-day free trial of our live trading room so you can see the simulator at work, contact us!
