What is Paper Trading in Stock Market - Forex Education


Subreddit under new ownership. Paper Trading Bot in Development. Expect updates soon.


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Forex paper trading?

I am looking for an alternative to forex DOT com since their demo account only lasts for 30 days for some reason. Do they seriously think it only take a month to go from pleb to professional trader? I need to be able to use order templates and make trades directly from the DOM as I am only interested in Forex markets for scalping.
submitted by fdjdsfgndsiufgsn to Daytrading [link] [comments]

Possibly a daft question.. but here goes;

Hi all,
Currently starting out in Forex (paper trading to learn etc before going live) & the other day I saw a thread about the pips going up by 100.
Now, I know that for the major pairs (bar Yen) we look at the 4th digit from the decimal point, but if it goes up by 100, does this mean that a price starting at 1.200 & now at 1.300 has gone up by 100? (assuming 0,1,2,3,4,5,6,7,8,9,0 and going up in blocks of 10 like 1.210, 1.220, 1.230 etc) or have I got this wrong?
submitted by Hefty-Coyote to Forex [link] [comments]

Closed forex position won't disappear on paper trading account?

Hi, I closed a forex position a while ago on my paper trading account, but it won't disappear from my monitor tab. I know it usually takes a market day for a closed position to disappear, but it's been about a week and it hasn't gone away. I've also reset my paper trading account a couple times to try and get it to disappear, but that hasn't worked either. Here's a picture: https://imgur.com/ukhijpv
I know it's a little thing, but I would like to fix it if possible!
submitted by longchufan to thinkorswim [link] [comments]

Forex not working on paper trading

I got back into paper trading recently but now my Forex buying power is at N/A and won't let me trade forex. Does anyone have a similar issue or know how to fix this?
Image of issue: https://imgur.com/L65wbcU
submitted by jimjow123 to thinkorswim [link] [comments]

French paper denounces Forex trading MLMs (google translate link)

submitted by canteloupy to antiMLM [link] [comments]

How similiar is paper trading to the real deal for forex?

Using td ameritrades thinkorswim and have been playing around with the paper money side. Not comfortable enough yet to move into real money, was just trying to see how close it is to the real thing.
From what I can tell it is the same thing, just ran 20 minutes behind the actual market. Really just wondering if there is any major differences i should be aware of before putting real money in.
Second question, are the transactions instant like they are on paper? I know there is a lag with stocks.
submitted by shitcars__dullknives to Forex [link] [comments]

Is forex scalable? bad risk management #1 reason why people fail? Less than a year of paper trading?

  1. When I think of investing a lot of time into getting good at something I want it to have potential to be scaled up to the moon. When getting into commerce for example, I can open stores at many different locations. I've seen a lot of people saying that traders who know what they are doing can hope for 15-20% profit a month. With that math, good trader can turn $1000 into 700k in just 3 years and later and at the end of 4th year that number would be at $6m. Of course I don't believe it is possible. I just want to know what's the potential endgame? and how many years does it take for people to reach it? I'd assume in forex volume of trades done each minute is really damn big. What stops someone from putting in 100k, 500k or $1m on a single position and seeing fairly similar results as if he put only $1k?
  2. Next question is about risk managment. When reading various posts I've seen many people acknowledging the fact that they didn't implement proper risk managment strategy when they first started which was one, if not the biggest reason why it took them longer before they saw satisfying results. Is risk management as simple as for example always S/L @ -1% and P/T @ 1.5%? If I stick to it from the beginning and always get out at 1% loss. Can it potentially drastically improve my chances of becoming good at it faster? Are people with the right mindset who don't get tilted as easily and turn off their emotions during trading, set up, for the higher success ratio?
  3. and lastly, for how long should one paper trade? Is it doable to learn enough about forex to see positive results with real cash in 6-12 months? Not that I have anything else to do during covid. I would assume copying working strategies, learning patterns and how to analize charts shouldn't take longer than that
All best
submitted by ItsMango to Forex [link] [comments]

Trade Ideas Thread (3 - 7 March) - Submit your trade and win reddit gold!

Had some great trade ideas, all of them - thanks to everyone who participated!
Here are the trades, summarized, and not in order of competition ranking. Some of them I'm not sure if they were triggered, so please do update your post or add a new comment to let me know.
(Trades in brackets are still open. We'll have a vote on the next thread as to what to do with these)
Trades in italics: I'm not sure whether they were triggered or not. Let me know
Trader Day Pair Buy/Sell Entry Stop Target Result R:R P/L Comment
Wyatt2000 Wed/Thurs USD/CAD Sell 1.10799 1.12067 1.097 Win 1:0.9 +109
phatey Thurs/Fri USD/CHF Sell 0.88825 0.8915 0.88 Win 1:2.6 +80
phatey Thurs GBP/JPY Buy 171.27 (170.90) 172 Win 1:2 +73 Manually reversed short
Ormin Mon/Tues USD/CHF Sell 0.8854 0.8876 0.878 Loss 1:3.4 -30
phatey Mon/Tues GBP/JPY Sell 171.22 171.5 168.5 Loss 1:9 -10 Manually closed
Blades1 Tues/Wed NZD/USD Sell 0.8392 0.843 0.83 Loss 1:3.5 -38
NormanConquest Mon AUD/CAD Sell 0.993 1.0075 0.86 Loss 1:3.25 -145 Fuck this thing
papagoy Fri EUNZD Buy 1.634 1.615 1.65 (Win) 1:0.8 (+68)
NormanConquest Mon EUCHF Buy 1.2100 1.193 1.24 (Win) 1:2 (+77)
FXReddit Mon/Tues NZD/CAD Sell 0.93 0.94 0.9015 (Loss) 1:2.8 (-78)
FXReddit Mon USD/JPY Buy 100.75 100.4 105 Not triggered 1:14 N/A
phatey Thurs/Fri EUUSD Buy 1.3715 1.368 1.383 Not triggered? 1:4 N/A?
Aaaand the winner is:
Phatey with this beautifully simple USD/CHF short: http://i.imgur.com/HDvmumb.png
Congratulations on winning the first /forex paper trading competition! I really like this trade because it was just so obvious, clean and textbook, and in the face of all the noise out there about how USD/CHF was on its way to the moon.
There were lots of other good contenders. In second place for sure was Wyat2000's USD/CAD short. The only reason I decided that this didn't win was because phatey's trade had a much better risk/reward ratio - other than that they were both equally good, and equally well executed.
I didn't include phatey's EUUSD long, which would have been even better, but I don't believe it was triggered?
Two interesting things:
I'll leave correspondence open for bitchin' and whinin' until the end of the day, so if you have any complaints or suggestions we can pretend that this is a democracy for a bit. Otherwise the prize will be awarded this evening!
Someone suggested we make this a thing, so this is where you post your hottest trade ideas for the week. Smoke 'em if you got 'em, and let's try liven this place up a little.
*** To make it a little interesting, I will award the week's "best trade" with a month of reddit gold! ***
  1. Charts are preferable, but if you don't post a chart then please be detailed about entry level, stops and limits, means of execution, and any other conditions. Vague buy or sell calls won't be considered for the competition - you must include some reasoning behind the trade.
  2. In order to be eligible to win, you MUST adhere to Rule #1 and you MUST post an update on when and how you managed and closed your trade (including partial exits, trailing your stop, adding on, etc.) - I'm hoping these threads will be a good way for newbies to learn, and for the rest of us to pick up a few tricks.
  3. The "Best Trade" will be judged by me, but I'll take anyone's thoughts into consideration. It will be based mostly on % change in price during the time the trade was open, but there may be arbitrary style points awarded. Generally it will be on how technically "good" the trade is, and hopefully this will generate some debate.
  4. Risk management and strategic execution will also factor into it, mostly to try to exclude luck to some degree - but also to encourage and promote good trading habits.
  5. You can post trades at any time from now until Friday's close, but no trades after the fact, obviously.
  6. Trades that are still open by Friday's close will be considered as closed at that point (unless anyone has a better idea of how to handle this?)
  7. EDIT: Forgot to mention that you can post as many different trades as you like, but please do them each in a separate comment to make it easier to track.
I'll post mine as soon as TradingStation is back up tomorrow, but in the meantime, let's hear what you got!
submitted by NormanConquest to Forex [link] [comments]

Do you need live data to paper trade forex?

Hey everyone. I have been going through the intro, faq and babypips course on this sub but haven’t come across this info yet.
Can you paper trade forex with delayed data ?
As a Canadian I find it difficult to find a platform that has live data paper trading that is free AND real-time. Suggestions are obviously welcome. Only place I have ever paper traded was Think or Swim. Thanks!
submitted by camilthegreat to Forex [link] [comments]

Does anyone know exactly how Interactive Brokers fills forex limit orders

If the latest bid and ask are say 100 / 105 respectively, and I put a bid in at 101, will I be at the front of the queue to be matched to the next person who makes a Sell market order? Or will I have to wait until the 105 ask drops down to match my 101 bid before it is paired off?
I've just tried IB's Forex paper trading account and it seems to be using the latter method.
I'm hoping for the former method as this means I can avoid the spread costs myself if my limit orders are filled regularly enough.
submitted by mikef22 to Forex [link] [comments]

I have been trying to learn more about trading on Forex by using paper trading. Probably a stupid question but I put a limit order to buy at 1.32755 and it passed by and went to 1.32752 why did the buy order not go through?

I have been trying to learn more about trading on Forex by using paper trading. Probably a stupid question but I put a limit order to buy at 1.32755 and it passed by and went to 1.32752 why did the buy order not go through? submitted by EarlGrey171 to Forex [link] [comments]

Just downloaded the app and was curious, Is forex not supported in the paper trading portion? It says "not available" where the buy should be so idk if it's just not an option to paper trade forex or of there's something else

submitted by throwmeawayaccts to Webull [link] [comments]

What is the best place to paper trade Forex?

submitted by AutumnUlysses to Daytrading [link] [comments]

Liked on YouTube: paper trading options - forex live trading room paper trading 09-18-18

Liked on YouTube: paper trading options - forex live trading room paper trading 09-18-18 submitted by TradingStrategys to TopTradingStrategys [link] [comments]

Liked on YouTube: paper trading options - forex live trading room paper trading 10-03-18

Liked on YouTube: paper trading options - forex live trading room paper trading 10-03-18 submitted by TradingStrategys to TopTradingStrategys [link] [comments]

paper trading options - forex strategy signals paper trading demo

paper trading options - forex strategy signals paper trading demo submitted by TopVideosCasino to u/TopVideosCasino [link] [comments]

paper trading options - forex strategy signals paper trading demo

paper trading options - forex strategy signals paper trading demo submitted by TopVideosCasino to u/TopVideosCasino [link] [comments]

"I tried to be a GOOD GUY but I HAVE to get laid because I'm so RICH"

submitted by thatgroovybitch to niceguys [link] [comments]

Learning to trade

I’ve been trying to learn trading for about a month or so now, does anyone have any good online resources/courses for learning? I just feel I don’t know what specifically to learn next, also when should I start thinking about my first real money trade? Thank you!
submitted by saintsgh to Trading [link] [comments]

Looking to get into ForEx/Binary Options safely with no previous experience other than paper silver trading.

Hi everyone.
I was cruising the web and came across a video add for an app that piqued my interest in Binary Options, which reminded me that I wanted to learn about trading ForEx. This add professed an app that would do your trading for you, based on the parameters you set, with an 85% success rate. It was called the Guardian Angel Wing app. The minimum starting investment was $250, then they would gift you with another $125 and you could "start trading right away!" They use Opteck as a broker.
I did some reading and tried to find some reviews and of course I could only find feeedback from people who were unhappy with it. It still got me thinking about how I hate the 9 to 5 grind and I am looking for ways to put more irons in the fire.
Is there a way for a guy who is a blue collar joe to get into these sort of markets without taking massive losses? I'm providing for a family and don't have a lot of money to risk. That's why I was attracted to this GAW app, but I don't have the warm, fuzzy feeling I am looking for with that particular app.
I traded a paper silver account for a year with a small investment, and by the end of the year I had increase the investment by 38%. Although I have no training or experience, I had a gut feeling on the prices of PM's and I would sell on highs and buy on lows. It seemed simple enough and worked for me, but the company I was dealing with changed their policy and made their minimum account holding price a little too high for me to be able to participate anymore.
I just want something I can plink around with on my cel phone, jump in when I see a low and sell off when I see a high, and have the money stashed safely in an account when I am not actively trading.
Is there anything out there for me?
I also posted this on /trading - I am not a bot or a spammmer - Just looking for quick guidance and straight answers. Thanks in advance to anyone who offers constructive advice!
TLDR: Noob looking for an easy Android App to trade ForEx or Binary Options with, without a big buy-in price. Preferably an App that has a free demo account for me to learn on first.
submitted by StabbyMcHatchet to StockMarket [link] [comments]

If you're interested in base level FOREX trading, I came across a useful, free platform. (Offers paper trading too.)

So the title pretty much covers it. I came across a seemingly new platform called "Trading 212". Offers about 400 different trade-able instruments in FOREX, commodities, stocks and indices. Accounts are free, you'll get $10k in paper currency to test your strategy, then you can open an account when you're ready. Minimum entry is $150 USD, which is exceptionally low. You can set up "if, then" functions and the site offers a highly comprehensive collection of graph tools as well as true realtime price updates. This is a site for everyone here who seems to be at a loss as to how to get their foot in the door. I've seen some very insightful analysis, as well as some shocking rubbish, but lets see how you do.
submitted by 432parkavenue to investing [link] [comments]

Me after I make $50 in a paper account and think I’m a pro now

Me after I make $50 in a paper account and think I’m a pro now submitted by anon-deity to Forex [link] [comments]

TOP 3 Paper trading software and apps for FREE - YouTube How to Use Tradingview Paper Trading (Episode 7/8) - YouTube Is Forex Paper Trading Worthwhile? How to Start Paper Trading (IN THINK OR SWIM) - YouTube Forex Strategy Signals paper trading demo how to paper trade

When opening an online account, especially your first micro Forex trade account, and decide to begin trading forex, your 1st few forex trades will more often than not be simple paper trades. You will be doing foreign exchange paper trading for awhile after forex account opening because you will need time to orientate yourself and get to know the market itself and exactly how to utilize the ... For example, forex traders in Europe can access exchange-traded forex options through regulated exchanges known as Multilateral Trading Facilities (MTFs). In addition, regulated forex brokers also offer options trading in the off-exchange market. That’s why it’s crucial to only trade forex options with a regulated and trusted firm. All ... Such practice or demo forex trading accounts now effectively allow you to paper trade in a virtual account using virtual money. Practice or demo accounts consist of simulated trading accounts where no actual money is placed at risk. Also, trades can be initiated and liquidated, but no real funds are actually exchanged. Forex brokers typically offer demo accounts in the hope of attracting more ... Paper trading or demo trading is a common term in the forex and stocks trading industry. Paper Trading is a process of practicing stock trading without using real money. The phrase Paper Trade’ comes from an old stock market practice of writing down buying and selling orders of stocks on paper. A paper trade is the practice of simulated trading so that investors can practice buying and selling securities without the involvement of real money. more Automated Forex Trading Learning to trade forex solely through paper trading can be like learning to swim out of the water; sooner or later, you’ll actually have to jump in the water to find out if you’re any good at it. Summary. Article Name. What is Paper Trading in Forex. Description. A paper trade refers to simulated trading exercises where new investors can practice buying and selling currencies without ... A paper trade refers to the use of simulated trading to practice the purchasing and selling of securities without requiring real capital. New Forex traders are often advised to trade in paper before they learn simple Forex strategies , while many experienced traders, particularly when working on new ideas and approaches, use the practice from time to time. Whether you plan to trade stocks, futures, options, or forex - a paper trading account is the perfect tool in building a solid foundation for your successful career. Many advantages come with paper trading and stock market simulators. There are also some major downsides you should be aware of. In this Wallet Hacks article, I will reveal the most important facts and list the most interesting ... Paper trading is more commonly used in an institutional setting. It is what we in the Forex or CFD industry call Demo Trading. The term ‘paper trading’ comes from the stock market, where investors who wanted to practise would write their investment ideas on paper and follow the market movements, to see if their ideas panned out. There are many types of traders, including more short-term ... Using Paper Trader, you’ll get $100,000 in fake money to trade both options and equities. The platform is completely customizable, so users can change the layout to suit their preferences.

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TOP 3 Paper trading software and apps for FREE - YouTube

In this video, you'll learn how to use TradingView paper trading so you can test your trading strategy and find out whether it works, or not. 👇 SUBSCRIBE TO ... How to Paper trade in the Forex. This feature is not available right now. Please try again later. Want to get stared Paper Trading or Virtual Trading but you’re feeling unsure how to start? Just get started in a Virtual Trading Account and get started cli... I've indeed searched high and low for the best paper trading software out there and I believe I have found them! Arya Trader - Forex Live Signals & Forex Robots & Forex Trading Arya Trader 173 watching Live now Forex Daily Candles and training mindset by David - Duration: 58:39. How to TRADE using Think or Swim Paper Trading Tutorial 2019 Forex/Futures Options Part One - Duration: 12:01. Talkin' Options 10,464 views. 12:01. Secret of Demo Trading (How to Demo Trade ...