-
‣Practice. Interpreting stock price movement effectively requires practice. Develop your technical analysis trading skills using historical data before risking real money in the markets. Like many things in life, practice makes perfect.
-
‣Put Technical Analysis to the test. If you’ve read a lot about technical analysis you know that despite the numbers, it is an art. There is a dearth of statistics on its effectiveness for this reason. This tool will allow you to test if it really works and if you are effective in in applying the analysis profitably. If you can’t trade the past, then you will unlikely succeed in the future.
-
‣Quantify your trading edge. The app provides numerous ways to be certain that your trading is effective and not just the result of luck. It compares your performance to that of a random trader, to buy and hold strategies, and to market drawdowns.
-
‣Trade-A-Stock works on any computer. Use your Web-browser. No software to install. No user names or passwords either. It’s free. Works on any computer with an internet browser (even iPads and other tablet computers).
-
‣Learn to short. The application allows you to practice shorting a stock.
-
‣Trade without emotion. Having real money on the line affects each individual and clouds the objective thinking for effective trading. By practicing with Trade-A-Stock you can learn how to trade without this effect before risking large sums in the real market.
-
‣Trade a specific type of stock. Think stocks that pay dividends behave differently? What about ETFs? The application lets you randomly choose different types, or classes of stock.