5 Virtual Trading Accounts + 3 Trading Journals Online -- with David Moadel
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hello and welcome to looking at the markets with divid Modell I get requests
all the time for people want to know where can they get a virtual or demo or
paper trading account which just means an account where you can trade stocks
and not risk any real money it's a great way to practice I recommend testing out
any strategy any indicator with a virtual or demo account don't use real
money to test it out alright then if it really works if you've tested out a
strategy for a long time and you found that it really works overtime for you
then maybe consider putting real money into it okay so people ask me where can
I find a virtual trading account I'm gonna show you five of them today and
also sometimes people ask me about a trading journal which is where you can
keep track of and write down or type in you know all the trades that you've made
and how much money you're making or not making and just what the general trend
is in terms of your your trading I mean are you profitable what kinds of trades
are you doing better with what strategies are working better than
others those are super important to keep track of and so if you don't have a
trading journal already yes you can make one in Microsoft Excel
or something like that perhaps a you know a spreadsheet program you can do it
that way but I'm gonna show you today three websites where you can do that
instead of trying to make your own spreadsheet if you don't know how to do
that okay so let's get into it also by the way if you are looking for coaching
if you want more help with your trading or investing I offer coaching you can
email me for the coaching at David Modell at gmail.com alright so here we
go here's the good stuff five paper or virtual demo whatever you want to call
it trading accounts alright and this is not a paid or promotional video meaning
that you know I'm not being paid by any of these companies to make this video
I'm just making it because I want to I want to spread the information out there
now know to always check for and commissions before signing up with
any broker okay you know any of these might have fees or commissions and you
want to be aware of those don't just assume that everything is free because
it might not be all right so here are five five websites where at least right
now as I'm making this video you can get yourself as far as I know a virtual
account that you can practice with thinkorswim which is a TD Ameritrade so
if you go to TD Ameritrade dot-com they offer a demo trading account trade
station which is at TradeStation com we bull which is at we bull comm and that's
on your phone and that's known as a well I cannot guarantee this but I've heard
that it's Commission free possibly so that might be worth doing but again that
is more of an app that's directed toward your phone then perhaps your your laptop
or desktop computer so be aware of that Interactive Brokers which is an
interactive brokers calm and ninjatrader which is at ninja trader dot-com again I
cannot guarantee that any of these are you know free or anything like that so
you want to check those out and definitely be aware of the Commission's
or fees with any of these or any other broker for that matter okay so those
might be worth checking out definitely recommend paper trading also known as
virtual or demo trading now what about trading journals here are three of them
I did some research on on these again I'm not being compensated by any of
these companies for for this video to make this video and I cannot guarantee
anything about these companies I don't know if there are any fees or
commissions involved with these companies
alright so trading journals trader view vu e.com that's one that I found that
seemed to have some pretty good reviews stock trader comm and trade bench
dot-com all right those are all comms check them out decide for yourself check
for fees check for any hidden costs if there are any and I hope those are
helpful to you these are both things I recommend virtual trading and having a
trading journal just to keep tabs on how you're doing and what's what you're
doing well and what you're not doing so well what you need improvement with in
your trading having a using a journal is a great great idea highly recommended
all right so again if you want more help with any of these things with you know
if you want some coaching with your trading or investing my email address is
David Modell at gmail.com if you like this video please give it a thumbs up on
YouTube and if you have not subscribed to my channel yet why not do that right
now go ahead and subscribe to my youtube channel and hit that notification bell
so you can get notified whenever I put out a new video like this one thank you
so much for watching and listening I'll talk to you again as soon
I got exactly what I did
never started