What Is the Most Realistic Day Trading Simulator?

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Finding the most realistic day trading software has to do with the type of trader and the trader’s level of advancement. When searching for the most realistic approach to finding and using day trading software it is useful to be aware what programs are available, their functions, and how they are relevant to traders' needs.

Informational

Basic rading software collects and delivers valuable information regarding current stock/futures and currency pricing from various exchanges and associated companies. It is difficult to operate as an active trader without purchasing this type of software. Though similar software is available online for free, it often delivers outdated information impractical for an avid trader.

Charting

Charting software is another type of day trading software used to track and monitor fluctuations in specific markets. The standard software includes generating easily readable graphs outlining volume and pricing. Charting software is often available in bundle packages which includes price and data feed software in a single, convenient application. This combination software can generally be upgraded to expand the trader’s ability to test strategies and increase their number of indicators as the trader evolves.

Execution

These are offered by brokers or third-party vendors which place trade actions for the trader based on their personal strategy and in accordance with market fluctuations, or by automated day trade software set up by the individual trader which afterward, requires no manual actions from the trader.

Types

The Bloomberg Terminal, CMC Markets Marketmaker, FlexTrade Systems, Inc., are popular software applications and offer real-time, stock and foreign exchange (forex) day trading software consecutively.

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