Most recommended day trading simulator for practice. Trade your way to the top with the best stock market simulator app.
Best Trading Simulator for Day Traders (2021)
Paper trading, also known as simulated trading is a way for beginners to trade the market without using real capital. In this article, we’ll examine the best trading simulator you can start using today.
As a beginner trader, trading can be very complex and intimidating. That’s why it’s highly recommended that you start in a simulated environment to help you understand the basic market/trading concepts. In addition, you will be able to learn basic trading strategies, order executions, backtesting algorithms and more.
Trading Simulators in Today’s Market
Many simulators in the market today emulate real-time market conditions well but many others fail to give the best experience of a live trade.
Some of these trading simulators fail at several critical areas such as displaying the current real-time market data and the environment in an accurate manner. Also, inaccurate display of level 2 order books. Not being able to show which market orders are routed from, how much volume and at what price.
Lastly, some simulators don’t show the impact a trader would have on the price of the stock if they were to trade large quantities. Some of these include partially filled orders, slippage, and liquidity on both sides.
Also read: How to become a successful day trader
Best Trading Simulator for 2021
An ideal trading simulator should get the most accurate and reliable market data and information. New traders like you use trader2B to get started in the stock market.
trader2B is a proprietary trading firm that has been around for about 10 years. They have spent a tremendous amount of resources in developing a proper simulated trading software called the Haywood Trader Platform. This high performing software is able to emulate real-time market conditions with up to 95% accuracy.
The Haywood Platform – Trading Simulator
It’s important to get the precise virtual trading simulator with the level of competition in the market. More than just learning how a platform works, it is important to understand the key components of trading in a live market. Many trading simulators waste time teaching how their platforms work than helping traders understand the market.
Download the Haywood Trading Platform here
The Haywood Trader Platform uses smart technology to provide the most immersive and complete trading experience. It is also able to account for where traders will likely have their stops set at certain key price levels, support, resistance, high and lows of the day. This is why it is so important for new traders to use the most precise trading simulator.
Why is trader2B Different?
trader2B’s uses artificial intelligence technology that allows them to integrate routing information from various exchanges and brokers. This gives them the ability to scan and indicate market volume within milliseconds.
They also display precise Level 2 Order Book information as well as all the order execution in the Time and Sales book.
For new traders that want to get the most realistic and accurate trading environment, Trader2Bs’ Haywood Trading Platform is the only way to go.