Best Virtual Portfolio or Stock Simulator Program
Hey guys,
Anyone know what the best virtual portfolio software is? I want to build a simulated portfolio and run it similar to the pros by tracking an index, calculating attribution, alpha, tracking error, and etc.
Anyone have any recommendations?
Thanks
Good Virtual Investing System
Our users shared a number of suggestions below.
exceptionruled - Consulting AnalystMarketwatch Virtual Stock Exchange is free and easy to use: http://www.marketwatch.com/game/. We use it for virtual stock competitions in my school's Investing Club.
chicandtoughnessGood old thinkorswim: https://www.thinkorswim.com
User @ivedtara", an engineer, shared https://www.investfly.com/ as a suggestion.
User @sambotanman" shared Investopedia as a suggestion.
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Marketwatch Virtual Stock Exchange is free and easy to use: http://www.marketwatch.com/game/. We use it for virtual stock competitions in my school's Investing Club.
Good old thinkorswim: https://www.thinkorswim.com
thinkorswim or investopedia
Interested in this as well, this is a noob question but are there also other simulators that possibly offer securities other than stocks? Possibly like preferreds/mezzanine/secured/senior/mortgage back security? Most of these are pretty opaque but I was just wondering regardless if there was some dream simulator out there.
Find a broker through which you can get quotes for those things and then open a practice account with them.
try Investfly- http://www.investfly.com
yes you can check out myjournaldb/truetrade
You will get an idea
Virtual platform help (Originally Posted: 01/24/2010)
I trade mostly in equities and am looking to diversify into options, futures and FX, but want to practice them with a virtual portfolio first. Can anyone recommend a good trading platform that will allow me to set up virtual portfolios to practice and trade in these investment vehicles? Tried searching for existing discussions, but mostly found suggestions for real money portfolios. Thanks!
CMS Forex's virtual trader is what I use. I absolutely love the platform.
FXCM, TT, Ninja Trader, or OpenECry
thanks guys...exactly what I was looking for.
Ninja Trader (Futures) or Think or Swim.
If you're really trying to get into options, I would suggest Think or Swim as they have a great platform and it's easy to negotiate lower commissions as well.
Try out their free platforms!
Anyone have anything to say about marketcetera? I liked how they let you script your own strategies, test it, and actually use it to execute trades.
Strategydesk with TD is like that qwerty, I know a lotta guys who use some of their own code..
Haven't heard of marketcetera though.
Virtual Trading (Originally Posted: 01/24/2011)
Does anyone here do virtual or "fake" trading? If so what is your favorite/the best website to do it on?
You know what they say, practice makes perfect. And as a high school senior, I need to practice.
Edit - Also, is there such thing as virtual commodity trading?
You can virtually trade through most online brokers. Thinkorswim and Optionshouse are the best in my opinion. I trade through both of them. TOS allows for currency, futures and commodity trading. OH is best just for straight equity/index options.
Not sure if anyone allows virtual trading for commodities - check out TOS though or Interactive Brokers.
I like updown.com, I used that in school for practice trading. I haven't seen anything much better.
To trade commodity spots (gold, silver, oil, cotton, corn) use Alpari.
yea i like Alpari for forex too
I used to use FxPro for currencies. Gotta love MT4...
A great place to start is Oanda.
i just hope you understand the difference between virtual and real (in terms of market impacts etc.).
How much market impact can a high school senior have? its like saying a spreadbetter has market impact.
The thing that makes virtual so much easier is lack of slippage.
4 months into (virtual) Trading, 35% profits, where to go from here? (Originally Posted: 03/15/2016)
Hello, I'm one of the many newbyes trying to get into trading and I figured my chances would increase if I can create a credible record for myself, so I've been using stocks, futures and ETFs simulators over the internet. Fast forward 4 months of trial and mistakes, I can look at 2 portfolios with approximitately 35% profitability each.
In the meanwhile, I (unsuccessfully) interviewed with 2 hedge funds, a proprietary trading firm and and an energy trading one. Still valid learning experiences nonetheless.
I keep educating myself reading books and blogs or other resources available on the internet.
Looking down the road, I set my goal toat least double my virtual money by the end of the 12th month, then it'll be time to make a decision.
Take a loan, start small and trade on my own? Or continue looking around for graduate/entry level positions?
Any advice appreciated, including on how to expand my understanding of markets and financial instruments.
You should never take out a loan to prop trade - highly likely that emotions would get in the way of rational decision making
Valid point. Though when I trade virtual money I consider it a way to open doors and actually make money, so I give it a value, even though hard to quantify.
perhaps others in trading can confirm/deny effectiveness of trading on your own, but do NOT take out a loan to try a trading strategy (I mentioned this here: http://www.wallstreetoasis.com/forums/personal-loan-for-equities).
your likely outcomes are:
I see so much risk with you trading on borrowed money and I don't know that it will improve your chances at getting hired enough to warrant the risk of loss.
I second this. It's a stupid decision.
Keep interviewing all over the place, it's a number's game. At the same time, keep educating yourself by reading as much as you can.
What blogs/resources are you currently reading?
A number of popular blogs from investingdotcom, abnormal returns, calculated risk, zerohedge.
Grow some balls.
What hedge funds did you interview at? And what were the interviews like?
There are plenty of firms that hire interns to teach you how to crawl and walk in trading. You want to avoid those prop firms that requires capital investments unless you are already a proven trader with good strategies and outcome (years) - from my understanding of the forums.
Work, save up, try to kill your bills and once you land the internship learn learn learn.
virtual trading (Originally Posted: 03/31/2013)
Any idea on how to find energy trading firms that trade virtuals?
go to MISO and download everyone from the annual auction
Virtual vs. Real Day Trading (Originally Posted: 07/02/2012)
Are there any differences besides the extra pressure of trading real money vs. fake?
I would caution you brushing aside the extra pressure part. That is the most important part of trading, the ability to hold up under pressure and make decisions rationally and qucikly without folding. If you can temper your emotions you are at a huge advantage. In my experience, trading fake money takes all that out of the equation. You can't care as much about fake money because it is just that. Fake. Maybe you can convince yourself it is the same or even 'pretend' that it is real money but I find very few people can treat it as such.
I mean, yes, you can learn quite a bit by paper trading and at the very least you can watch the markets and understand how the different products and platforms work. You might also get access to far more products than you would in a real account depending on how much money you have, etc.
Have you ever played poker for no money?
Your execution levels are different. Paper, price trades there you got a trade. Real, not necessarily true, as you may not get fill.
Almost everyone makes mega profits with fake money, it's easy when there's no emotions
Real money is a completely different story.
Virtual Stock Portfolio (Originally Posted: 02/22/2007)
I'm participating in Barron's Challenge, which is a virtual stock portfolio competition. They give you $100,000, you have to be fully invested, and you can not invest more than $10,000 in a single stock. There is about a month left till the 4-5 month competition is over. There are 1976 people competing and I'm currently in the top 20.
Would being in the top 1% carry any weight when I am applying for S&T jobs? Should I even mention it in my ibanking resume? Would the fact that I'm not in the top 10 make this work against me? Thanks
Of course it would look great when applying for a S/T job. Did you really have to ask?
but anyone can win a competition by luck or make it up
be able to back up in your interview your investment strategy and what enabled you to succeed..dont just say i picked random stocks and got lucky
Virtual portfolios are tricky in that they usually do not account for a liquidity factor in the trades. Of course it can't hurt you to put it onto a CV - it might even generate interest. Just be very ready to discuss it in details with your interviewers, especially in terms of the major differences between virtual and actual portfolio investing.
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