TradingSim Trading Simulator Features | TradingSim (2024)

  • In today’s economy, we all feel a bit squeezed. As I look around the web I see a number of trading sites and stock market investment simulators that provide really cool features and free offers; however, the one thing they all have in common is overpriced monthly platform fees and data fees. On average the data fees alone will run anywhere from $35 – $49 per month. In addition, you will have to pay some sort of hefty platform fee which will range from $80 to well north of a $100 per month. When you add it all up you will end up spending close to $1,000 per year just to practice trading. If you don’t believe me check out Ninjatrader.

    We at TradingSim provide you access to real historical tick data for over 11,000+ symbols and affordable access to our stock market investment simulator for less than $25 per month. Why would we do this? Simply put, we know how hard it is to make money in the market and we want to provide the most affordable means for you to master your craft. Odds are, before you end up at a site like ours, you have spent hundreds if not thousands on trading books, seminars, and workshops. Why should you spend another $1,000?

  • Data is the key item for any trading simulator. Without data, you pretty much are looking at a blank screen. At TradingSim, all data fees are included in our price. Other trading simulators will require you to purchase a data subscription with a third-party data provider. These costs which are monthly, add up to a pretty penny by the end of the year. All of our pricing represents the total cost of ownership, so you can keep more of your money in your pocket.

  • Let me splash a bit of cold water in your face. For every 10 of you who become a stock trader, only 1 of you will be profitable. This does not mean exceptional, I just mean profitable. The market is one of the hardest beasts to tame. It only allows a select few into the club. So, now that I have managed to offend you, please hear me out before you click away.

    TradingSim allows you to practice for free 24/7, 365 days a year before you become a stock trader and risk a dime in the market. Your risk is fixed at our annual subscription rate. These other so-called best online trading sites will dazzle you with free access, but in reality, their only mission is to have you fund an account to begin trading. Knowing that only 10% of traders are profitable, why would they do such a thing?

    Well, it comes down to self-interest; the brokerage firms want you to trade so they can make money on your trading commissions. We, at TradingSim, have elected to build our business on the foundation of helping traders discover their strengths before placing money in the market. So, trade or not, we still want your business.

  • TradingSim provides two years of historical tick, level 1, and time and sales data. You heard me correctly, TWO YEARS! Simply put, you can’t find this much intraday tick data anywhere on the web. Having this much historical intraday stock data will provide you the ability to perform extensive research prior to placing your money in the market.

  • Gain Loss History

    Want to see if you are improving over time? Simply take a look back at your investment gains and losses to spot strengths in your trading system. The more trades you place, the more traders gain loss tracking data you can accumulate, which can help you identify where you need to improve. Learn to master yourself and you will learn to master the market.

    TradingSim Trading Simulator Features | TradingSim (1)

  • Market Movers

    TradingSim Trading Simulator Features | TradingSim (2)TradingSim provides you lists of the biggest market movers, in percent and dollars, up or down, refreshed in real-time for a given trading day. Don’t worry about trying to figure out which stocks are hot for the day. All you have to do is display the market movers widget and cycle through the symbols.

    Want to see what stocks were trending at 11 am, 2 years ago? Well, you can in TradingSim!

  • Playback Controls

    Day trading is fast; however, by using the Tradingsim playback controls, active traders can pause, play and fast forward through the market action. The fast-forward mode allows traders to see if positions would have gone in their favor without sitting through every tick.

    If you would like to pause the market action to take out the trash or watch your favorite show, simply click the pause icon. When you are ready to finish trading, click on the play icon. If you want to fast forward through the action, click on the fast forward icon. There are currently 7 fast forwards speeds for you to flash through time.

  • Trading with Multiple Chart Windows

    TradingSim allows you to view multiple stock charts on a single page within the platform. This will allow you to track a stock’s performance relative to the broad market or an ETF. You can also display multiple time frames to make sure your stock is performing on all fronts.

    One Chart

    TradingSim Trading Simulator Features | TradingSim (3)

    Two Charts

    Side-by-Side

    TradingSim Trading Simulator Features | TradingSim (4)

    One Over Another

    TradingSim Trading Simulator Features | TradingSim (5)

    Three Charts

    Two on Top

    TradingSim Trading Simulator Features | TradingSim (6)

    Two on Bottom

    TradingSim Trading Simulator Features | TradingSim (7)

    Four Charts

    TradingSim Trading Simulator Features | TradingSim (8)

  • Level 1

    If you plan on calling yourself a day trader, you mustinterpret supply and demand forces present inthe market. To help decipher the market action, TradingSim provides Level 1 data.

    The buy and sell orders displayed inLevel 1 are all of the orders as they occurred in real-time for a given market day. For some stocks, this represents over a million data points on a daily basis! Not only do we display this data, but it is also the engine behind our order executionprocess. So, if you plan on coming in and placing fake orders and watching them execute, please think again.

    TradingSim Trading Simulator Features | TradingSim (9)

    Bid Price

    This is the price at which buyers are willing to execute an order.

    Bid Size

    The bid size refers to the number of shares buyers arewilling to purchase.

    Ask Price

    This is the price at which sellers are willing to execute an order.

    Ask Size

    The ask size refers to the number of shares sellers are willing to sell.

  • Technical Indicators

    Technical stock indicators are the staple for any active trading career. Well, we at TradingSim have you covered with over 50 technical indicators! You can configure the time periods as well as the look and feel for each indicator. You can also adjust the height of each indicator so you can zoom in on the action.

  • Ability to Change Account Balance

    Have you ever wanted to change your account balance on the fly to see how well you would do with $250,000 or maybe even $10,000,000? Well, now you can simply update your account balance to the number of your choice.

    TradingSim Trading Simulator Features | TradingSim (10)

  • TradingSim Trading Simulator Features | TradingSim (11)When analyzing the market you will need to identify support and resistance levels, Fibonacci retracements, and Elliott Wave to name a few. TradingSim provides you with over60visual analysis tools to help you analyze the market. Below is a list of just a few of the visual analysistools provided in the TradingSim platform:

    Pitchfork, Schiff Pitchfork, Modified Schiff Pitchfork, Inside Pitch Fork, Pitchfan, Gann Box, Gann Square, Gann Fan, Fibonacci Retracement, Trend Based Fibonacci Extension, Fibonacci Speed Resistance, Fibonacci Time Zone, Trend Based Fibonacci Time, Fibonacci Circles, Fibonacci Spiral, Fibonacci Wedge, Fibonacci Channel, Trend Line, Trend Angle, Horizontal Line, Horizontal Ray, Vertical Line, Ray, Extended Line, Parallel Channel, Disjoint Angle, Flat Top/Bottom, ABCD Pattern, Triangle Pattern, Time Cycles, Elliott Impulse Wave, Arrow, Text Label – just to name a few!

  • Zoom In

    Zoom Out

  • TradingSim Trading Simulator Features | TradingSim (12)In Tradingsim you have the ability to hold as many open positions as your account can handle. Holding multiple positions at once will allow you to gauge your capacity for juggling multiple stocks.

  • TradingSim Trading Simulator Features | TradingSim (13)TradingSim Trading Simulator Features | TradingSim (14)

    For every trader that likes a solid black background, there is another one screaming white is easier on the eyes. Well let’s settle this debate once and for all; Tradingsim offers you both. Click either of the charting images to see a full-screen view of the Tradingsim platform.

  • TradingSim Trading Simulator Features | TradingSim (2024)

    FAQs

    TradingSim Trading Simulator Features | TradingSim? ›

    Key Features

    Is TradingSim worth it? ›

    TradingSim is a very good paper trading platform for practice day trading. They were created for traders by traders. Their platform allows you to practice trading and test strategies any time, day or night, and it's easy to use.

    Can I practice trading with fake money? ›

    Practice Your Skills

    Stock market simulators are online tools that allow investors to practice their stock-picking skills without investing real money. Investors log on, set up an account, and get a set amount of simulated money with which to make simulated investments.

    What are the benefits of stock simulator? ›

    Stock simulators provide an excellent platform for familiarising yourself with market volatility. You can observe real-time price movements and practice making sound investment decisions. As you gain more experience, you can gain valuable insights into the workings of the market.

    How to do well in a trading simulation? ›

    Use realistic trading size and focus on the trade, not the imaginary profits (or losses) you see on the screen. If you are going to trade with A $30,000 account, you shouldn't be paper trading with a $300,000 portfolio. Remember, your goal is to simulate a real trading environment.

    What app do most traders use? ›

    The best app for day trading stocks is probably thinkorswim by TD Ameritrade. It's affordable, and it has advanced trading tools and chat support from a TD Ameritrade trading specialist.

    What is the most profitable trading system? ›

    One of the ways beginners can implement the most profitable trading strategies effectively is by embracing the buy-and-hold strategy. This involves researching companies with solid fundamentals and stable earnings, then holding their stocks for a long time without being swayed by short-term market fluctuations.

    Are trading algorithms illegal? ›

    Yes, algorithmic trading is legal. There are no rules or laws that limit the use of trading algorithms. Some investors may contest that this type of trading creates an unfair trading environment that adversely impacts markets. However, there's nothing illegal about it.

    Is trading work illegal? ›

    What State and Federal Employment Laws Say. If you're interested in a work-for-trade arrangement, the practice is legal, but there are a few things to keep in mind. If you barter services as an employee, federal government employment laws require compliance with wage and hour standards.

    What is the best trading platform? ›

    Summary: Best Online Brokerage
    CompanyForbes Advisor RatingLearn More CTA text
    TD Ameritrade4.4Learn More
    Fidelity Investments4.4Learn More
    Charles Schwab4.3Learn More
    Tastytrade3.9Open Account
    1 more row
    3 days ago

    Are trading simulators free? ›

    Our free trading simulator allows you to apply indicator studies to your charts, helping you find opportunities with strong potential. Plus, you'll gain invaluable experience analyzing trends from both current and past market conditions.

    Are trading simulators accurate? ›

    A stock simulator can't always account for industry trends or economic realities that alter the price of individual stocks. As a result, investors may be practicing with prices that don't correspond to the behavior of their real-life counterparts.

    What is virtual trading simulator? ›

    Virtual trading, where you're tracking the market closely and actively trading stocks for virtual profit. These simulators typically use a broker's actual trading platform and get you comfortable with the various tools that are available.

    Is trading sim worth it? ›

    With its intuitive interface and comprehensive tools, TradingSim provides an invaluable resource for both novice and experienced traders looking to achieve success in the financial markets.

    What are the 10 best stocks to buy right now? ›

    Sign up for Kiplinger's Free E-Newsletters
    Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
    ServiceNow (NOW)1.49Strong Buy
    Assurant (AIZ)1.50Strong Buy
    Howmet Aerospace (HWM)1.50Strong Buy
    Insulet (PODD)1.50Strong Buy
    21 more rows

    Where to practice trading without money? ›

    Sensibull is a feature-rich options trading platform that provides a paper trading feature to users. It allows beginners to practice trading options without the risk of real money. Sensibull offers advanced options strategies, a real-time options chain, and a virtual portfolio to track performance.

    Are trading robots worth it? ›

    Many trading bots promise returns that are too good to be true, and they normally are, so it is good to have a healthy dose of scepticism. More people have lost money using trading bots than have profited as the high return promises also come with high risk and more accounts are blown than fortunes made.

    What is the best practice trading app? ›

    The 9 Best Stock Market Simulators to Practice Trading
    • TradingView. Overall rating: Best for: Active traders (day and swing traders) ...
    • eToro. Overall rating: Best for: New investors who want to practice placing trades on a real brokerage. ...
    • TradeStation. Overall rating: ...
    • thinkorswim. Overall rating: ...
    • Moomoo. Overall rating:
    Jan 4, 2024

    Does automated trading make money? ›

    Conclusion. Trading bots have the potential to generate profits for traders by automating the trading process and capitalizing on market opportunities.

    Can day traders really make money? ›

    Day traders' earnings vary widely based on experience, skill level, trading strategy, and market conditions. Some may earn a substantial income, while others may not be as successful. It's important to note that day trading involves significant risk and is not suitable for everyone.

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