It’s common for new day traders to feel uneasy trading real stocks with their money without knowing the ins and outs of the stock market. Stocks are notoriously volatile, and you can lose money quickly if you don’t know how to execute a trade.
To reach your full potential as a funded trader, you need to first train and test out different trading strategies on an advanced trading simulator before putting any real money at risk.
What is a stock market simulator?
Trading simulators, or paper trading as they are also known, are applications that allow new and inexperienced traders to simulate the stock market experience by buying stocks with fake cash.
These applications feel and look like a real trading platform. They provide market data similar to what you would generally see in a live trading account, and allow you to buy and sell stocks in real-time.
The only difference is that you trade using real money in your live trading account. So, when you lose a trade, you lose real money. But with a simulator, you make your trades using paper money or virtual money that has absolutely no value.
Benefits of using a trading simulator
Practicing on an advanced simulator is a good way to familiarize yourself with trading stocks and trying out several trading strategies without risking your real, hard-earned money.
It’s also a great starting point to learn what your profile is as a funded trader and master the necessary trading strategies.
In a simulator you can view the charts of each stock and do the necessary calculations. Simulators are used by many funded traders on a daily basis to plot new strategies on instruments they are not yet familiar with.
For example, you may have the ability to day trade penny stocks well, but have little knowledge when it comes to day trading blue-chip stocks. In this case, an advanced stock market simulator is the ideal companion for experimenting and learning.
Using virtual money to trade virtual stocks on a simulator allows you to:
- Learn how to execute trades
- Familiarize yourself with the technical aspects of trading platforms
- Access charts, trading signals, market news, and more
- Test different trading strategies without losing real money
If you want to learn how to day trade stocks and earn a funded account, look no further than the sim2trade simulator offered by trader2be. Sim2trade is an advanced trading simulator where you can train and become a funded trader .
This simulator allows both aspiring and experienced stock day traders to practice trading using paper money and sharpen their trading skills.
In order to become a funded trader with trader2b, you have to take the ToroChallenge. The challenge assesses your skills, risk management, and profitability as a trader. Once you pass the challenge, trader2b will set you up with a funded account.
Trader2b is committed to offering the best conditions and building a community of funded traders that will be rewarded for their performance.
Sim2trade allows users to experiment with new stocks, alternate day trading strategies, and other stock market mechanisms, all without risking any real money.
With the advanced features found on our simulator, you’ll learn to focus on the simple processes to determine market sentiment, direction, and daily price-to-volume action to help you arrive at success as funded trader.
We highly recommend you try out our advanced trading simulator where you can train and become a funded trader.