Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

vatofl88

Free Demo Account

Recommended Posts

I am interested in day trading and would like some advice on various free simulation/demo accounts that I could use to begin papertrading. Once I get comfortable in the demo account and I learn more about day trading, I would like to work with with a prop firm such as cy group and starting making real trades.

 

What I am looking for is an simulation/demo account that is going to be as close as it gets to real live trading and having a real account with prop firm/or general retail account. Meaning something that will give me access to stop/loss, p&l statements, etc.

 

I have seen a few places mentioned such as interactive brokers, infinity trading, ninja trader, etc. All I am looking for is something free that is very similar to the real thing. Thank you for the help.

Share this post


Link to post
Share on other sites
I am interested in day trading and would like some advice on various free simulation/demo accounts that I could use to begin papertrading. Once I get comfortable in the demo account and I learn more about day trading, I would like to work with with a prop firm such as cy group and starting making real trades.

 

What I am looking for is an simulation/demo account that is going to be as close as it gets to real live trading and having a real account with prop firm/or general retail account. Meaning something that will give me access to stop/loss, p&l statements, etc.

 

I have seen a few places mentioned such as interactive brokers, infinity trading, ninja trader, etc. All I am looking for is something free that is very similar to the real thing. Thank you for the help.

 

IB paper trading (not the demo!) is fine. (It's free once you create the account) . Can have multiple paper trading account.

 

Tom

Share this post


Link to post
Share on other sites

I use the IB paper trading account, that works fine and it works the same as my real account. Ofcourse you need a relevant data subscribtion and a normal IB account to have access to the papertrading account.

Share this post


Link to post
Share on other sites

What size account are you thinking of opeing?

 

If you open a decent size account (10,000+, maybe in some cases a little less) most brokers have a demo account with live feeds that are pretty realistic. NinjaTrader has an excellent simulator given a real time data feed. That will meet the requirements you stated above.

 

You mention trading with a prop shop like cy group; do you mean immediately once you get comfortable with the demo account? You might do a search on cy group to see how they are thought of; I don't personally know anything about them.

 

Scott

Share this post


Link to post
Share on other sites

I use Go Markets real and Demo for all the indicators etc I develop and use.

You can read about them on my Indicator Website.

(Moderator: Promo URL removed)

They could be just what your looking for.

Cheers

Brooky

Share this post


Link to post
Share on other sites

What products are you intending to trade?

 

I primarily trade ES emini's, have a ToS account and intend to move it. Recently demo's the BestDirect platform w/ PFGBest, it was the closest to live trading I've experienced. By that I mean one does not get an instant fill when a limit or stop price trades, but it simulates actual fills, unlike paper money w/ ToS, or other simulators I've used.

Share this post


Link to post
Share on other sites

The next challenge u will face is one of going back and looking at historical trades, any thing beside real data coming in is historical.. Depending on the time frame of ur charts and how close to the tic ur entries and exits are, u might spend ur whole career trying to figure out, why the backtrading looks so good but I lost my account real time.. The most pure historical data is tic data,, but finding enough of it in the platform u like and can afford, will be the next challenge which is really the first challenge.. Charts may change subtly everytime u reload the chart.. Also some of the providers skip tics or the volume data is inaccurate if ur trading system depends on these... The further u get away from minute bars the more ur charts may change on reloads..

 

Wish I would have known this 15yrs ago.... :2c:

Edited by gg80108

Share this post


Link to post
Share on other sites

Getting historical quotes are a challenge. I like to work with 1 minute bars, but historical quotes are generally 1 day bars. Attached is an Excel spreadsheet that downloads your stock symbol data from Yahoo to a csv formatted file. There's one csv file for each symbol. From there you can import the data into your trading platform.

 

If anyone finds free historical data with 1 minute bars, please reply and let me know how to get it.

Excel Historical Quote Downloader.zip

Share this post


Link to post
Share on other sites

if u have a data feed ,use ninja trader,,,,,every thing is real in demo.historical data is free end of day in ninja with kinetick as well.u can test your strategies and indicators as long as u want.

Share this post


Link to post
Share on other sites

The situation one runs into using data "bar data" aka: OHLC , End Of Day, Was the High price made before the Low price or versa? Can make a real difference in some systems especially minute bars that the range can be vast in one minute, when the entry and stop could be hit on the same bar..

Its one thing recognizing the various charting formations after the fact(bar data), (i'm 100%) but recognizing the patterns as they are occurring, priceless... :)

Share this post


Link to post
Share on other sites

I know that NinjaTrader as well as MetaTrader are free; however, the data sources are free depending on the brokerage company you get them from. So where did you get your download of NinjaTrader and what broker do you use as a data source? Also does your free data source include stock data? Thanks for the info.

Share this post


Link to post
Share on other sites

Opening demo account with a broker that has MT4 (Meta trader 4) platform is a good idea. It's free, some brokers require you re-open new demo after 3 months or so, some let you keep demo forever. Many brokers with MT4 are forex, but some also have futures and stocks. You can open demo and write the amount of money, and you trade these virtual money under the exact conditions you would trade real. No data delay.

 

The problem is that if you want to trade futures, better don't use "bucket shops". But as far as demo is concerned, then you have no risk.

 

Plus there is a way to import historical data to MT4 and keep the platform off-line, treat it as your charting software. You would need to update data by hand thereafter, but you know, many people still keep doing this using various charting software using EOD data.

 

I did that to backtest many markets, once I had data on my excel sheet (which you need to obtain from some source, and I really think there are many possibilities to get it free of charge) you import it into MT4. That depends if you need data for floor traded session or not.

 

Anyway, i feel MT4 is worth trying, free, many indicators, you can make your own, etc.

 

One thing I wouldn't trust is MT4 strategy tester.

I always test by hand, bar-by-bar.

 

Happy New Year.

Share this post


Link to post
Share on other sites

i have a real time acount with IB(interactive brokers)charges for data are very low,,downloads for ninja is available in there support forum.almost every thing is there.or u can try bigmiketrading.com

goodluck

Share this post


Link to post
Share on other sites
There is a 20 minute delay with their paper trading, but you can try Think or Swim

 

I went through the process of tos, but they wanted me to fax forms and fund the account. I am just looking for something simple, where I can exchange some basic info, open account, and start paper trading.

Share this post


Link to post
Share on other sites

only in forex,,real time data is free for demo.if u want real time demo,u have to open an account with some stock/future broker,,,like IB,MIRUS,VELOCITY,AMP or GLOBAL FUTURES, or some like this.u can fund your account and stay in demo as long as u able to go for live trade.it depend what u like to trade

Share this post


Link to post
Share on other sites

I used Alpari's demo platform and am now trading for real on their micro account. The demo is very authentic albeit with the smaller spreads associated with their professional account which needs $20,000 to start trading with unlike the micro which needs $200 to start trading. However, I think this is no issue unless you are trading less than a 15 minute chart. However, Alpari is for Forex and some cfd's. Unlike some other organisations, there is no time limit on practicing on their demo.

Share this post


Link to post
Share on other sites

Yes this is a rubrics cube, which dominated more time and frustration which I care to admit, getting the platform/charting/order entry with the indicators, the broker is the least consideration, since they all have competitive fees now...If u venture outside of the standard indicators that every charting package has.. Think I would go for TradesStation,, cause u get what u pay for... I'm a Ninjatrader now due to the various gurus I followed over the years, but seem like most pro traders depend on TradeStation..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • This should really be very easy, but I can't find an article or video to walk me through it. I picked 20 ticker symbols where the stocks are in a tight trading range. I got them all into one list I call "Channel". I'd like to add several indicators that apply to all, such as MACD, volume, 3 moving averages. Then I'd like to scroll through the list, adding trendlines, or horizontal lines to mark the top & bottom of the price channel for each. Then set an alarm for a breakout in each direction that indicates a breakout. Could you point me to an article or video that walks me through how to do this? ...or give me the steps? Thank you, RichardV2, Experienced stock trader back before the Internet was invented.😁
    • The Economic Proscription of U.S. Farmers by China Maybe Forever   Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible.   It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever.   Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues.   The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday.   This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later.   For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins.   From the detailed analysis: “The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.”   China Receives Blames for the Pressure And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items.   Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall.   There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case.   “Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared.   Source: https://learn2.trade 
    • Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate   China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal.   The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months.   Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank.   “With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.”   China’s High Gold Appetite The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain.   Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week. Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared.   While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while.   Source: https://learn2.trade   
    • GBPJPY Reverses Its Sell-Off Around the Level at 130.75  OCTOBER 9, 2019  Azeez Mustapha  No Comments   GBPJPY Price Analysis – October 9 In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75.   Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54   GBPJPY Long term Trend: Bearish In the bigger picture, the GBPJPY consolidation structure is still forming from the technical support zone on the level at 126.54 low.   A further upward move may be recorded towards the level at 146.57 and 148.66 in an extension where its resistance is glaring before completing the structure. However, the overall trend remains bearish while displaying an intact downtrend in the medium and long-term.   GBPJPY Short term Trend: Bearish On the 4-hour time frame, its price is trading narrowly between the moving average 5 and 13 close to the key technical support level at 130.44.   As it is presently, the intraday bias in GBPJPY remains on the downside at this point where a corrective rebound from the level at 126.54 low should have completed. Meanwhile, its 4-hour RSI is bearish and pointing lower suggesting further weakness.   Source: https://learn2.trade 
    • USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908.   Key Levels   Resistance Levels: 1.0231, 1.0126, 1.0015   Support Levels: 0.9897, 0.9870, 0.9843   USDCHF Long term Trend: Ranging The price of the pair has moved back towards the moving average of 5 and 13 areas on the level at 0.9950. This area requires to be broken to give buyers more upside potential to move higher.   However, the decisive break of the level at 1.0231 is required to indicate bullish resumption. Meanwhile, the medium and longer-term may remain neutral first.   USDCHF Short term Trend: Bearish After trending downwards to about 50 pips lower after the open, the forex pair managed to reverse during the session as bulls took control and may exit the day above its opening price.   The USDCHF’s pull back from the level at 1.0015 extends lower today but stays well above the lower horizontal zone on the level at 0.9843 support. While still in a long-term uptrend, the short trends have turned bearish already.   Source: https://learn2.trade   
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.