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Best paper trading account?

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aramz

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10 December 2008
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Hey,

I am looking for a paper trading account where i can practice short trading aswell as going long. Possibly with cfd's aswell. I tried to sign up for ck locke and partners but the program didnt open on my computer and it is only a limited 2 week trial anyway.

Any help would be great. Thanks.
 
Interactive Brokers

You have to open an account then they let you open a simulator account. Its the best I have seen for stocks trades like the real thing. IB by far have the best range of order types on the ASX well worth the effort.

BTW good to see you are talking about paper trading its one of the best things you can do if you want to be profitable shows maturity.

Ignore any talk about having to trade real money blah blah blah this is a greed thing most don't understand.

Good luck
 

Shorting ASX stocks on IB? Is that even available?

It's easy to open a trial account with IG markets. Although it lasts only 2 weeks, you can always open another one with a new hotmail address or something like.
 
skc said:
Shorting ASX stocks on IB? Is that even available?

It's easy to open a trial account with IG markets. Although it lasts only 2 weeks, you can always open another one with a new hotmail address or something like.
Click to expand...

Unfortunately I found some time ago shorting stocks is limited and unreliable on the ASX using IB.

I don't know if this has changed for the better or worse but I only short on the US exchanges (14,000 + stocks to choose from and greater liquidity) but this I guess wont suit most here at ASF.

I also around the same time stopped trading short on the ASX due to the rip off commissions charged by Oz brokers or CFD providers, limited order types and often the drop in liquidity on some stocks.

IMHO these issues add up to become a sizable risk to my account easily mitigated to some extent by trading short in the US.

Hope this helps
 

Thanks for the response... but my question was actually rhetorical . I know IB doesn't offer shorting asx at the moment. And since the OP asked for demo account to practice short trading...
 
skc said:
Thanks for the response... but my question was actually rhetorical . I know IB doesn't offer shorting asx at the moment. And since the OP asked for demo account to practice short trading...
Click to expand...

EEEEk I will need to adjust the blinkers didn't see that
 
Thanks for the replies guys.

IG markets trial account with shorting looks like the go. Especially because it web browser based.

Just a few questions regarding IG markets. How much do you have to initially deopist into the account to activate it, just curious? Also how high do you rate the software, scanning and backtesting capabilites? I know it's no amibroker but do you find that it's all you need to test a few strategies and set up alerts for certain scanning criteria?

Cheers.
 
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