Hey guys, I just wanted to make this video to help you guys out, um, for those of you who are getting into penny stock trading or want to try it out, but definitely don't want to put real money on the line before you understand hundred percent how it works and you know until you have a feel for the market. So I wanted to make this video to show you different platforms for virtual trading. Okay, because I definitely think that even for advanced trainers, you should definitely virtual trade when you can. So for example, if you're trying out a new strategy, or if you're just getting into penny stock mark, independence of trading, of course, or if you, for example, you always go long and now you want to try going short. I think you need to make sure that you start off virtual trading, okay? If you're ever at the point where you don't know what to trade or if you're going into chat rooms or forums, asking people how to trade Or what to trade or how to analyze stocks, that means you're still at the level where you need to virtual trade, okay?

Until you know exactly you own methodology and are comfortable with a certain niche strategy. I definitely think that you need to continue virtual trading and this is something that, you know, it'll get you used to the skill of trading, you know, trading is a skill, you know, watching the market, analyzing level two executing your orders, you know, handling yourself, and your emotions and your mental state while trading as well as managing all the different tools you need. So, by trading virtually, you'll still be able to keep track of all your trades, and you'll be able to understand, you know, what you're good at what you have to work on. And, you know, it'll get you to a comfortable point, so that you can start trading with real money and be profitable. So, one of the best places is, um, even though I don't recommend them As a broker and if you don't understand watch my how to choose a broker video.

Sure trader does have a good virtual account, paper trading account tool. So you just click on you go to shirt trader comm you click on education and you sign up for their paper trading account. Now the thing is they only allow you to use it for a week. But um you know, if you have another email address, just, you know, sign up for another week, you know, sign up on a Monday or a Sunday so you have the whole week that you can trade and paper trade and just test it out. The reason I love shirt trader the most and is because it allows you to paper trade real time. Okay, now I'm gonna say that again, it allows you to virtual trade real time.

And the reason that's important is because you want to simulate the most realistic you know, factors and realistic environment that you can while you're paper trading, okay? And then I'm going to go into a few more different platforms, but they're on a delayed basis. And I don't know why they do it, I guess it's cheaper for them, you know, they don't have to, you know, it's less software costs and server costs and but because you know, they're not making money off of your virtual paper trading, but in general, these are all free. By the way, all the ones that I'm going to go over are free. And the problem with delayed data is that if you're trading, you know, with chat rooms, which I definitely think you should, you're watching level two, you know, you're trading based, you know, based on live news you're basing in a real trade environment.

If your information is delayed, it's just going to skew everything. And it's not gonna really show whether or not you're a good trader or a profitable trader or not. So definitely, I think sure traders should be your first choice. Okay. Now I'm going to go into some other ones where Oh, and the other thing The best thing about the free trade one was sure trader is that they let Use the actual platform. So you can get used to, you know, using that broker.

Okay. Another one is of course, you know talk about these guys a lot TD Ameritrade, okay, I think either their thinkorswim or their, their thinkorswim, or their other web architects trade architect has a has a free tool, but you can find it here. If you just Google paper trading TD Ameritrade or paper money thinkorswim, you'll be able to use their paper monies thing. And, again, this is also another tool. It's delayed by 15 minutes, though. So keep that in mind.

But if, for example, if you run out of email addresses, or if you just wanna, you know, if you're just getting comfortable with learning how to do executions, and you're completely new to the stock market, it's okay to kind of use delayed planning platforms like thinkorswim so that you can at least get a feel for what exactly is Stock Market is because, you know, I remember when I was a newbie and you know, not involved in trading at all. And when I look at a trading screen, it would be so intimidating to me. You know, there were so many charts and graphs and numbers and different things that they were looking at. But, you know, getting exposure to these charts and monitors, through these free platforms will allow you to gain an understanding of what exactly you need to understand more sorry, get an understanding of what you need to know, and what is used in trading.

So this is one paper money by thinkorswim. And the other one that I've heard a lot of people use with relative success. Again, a delayed one is a trade monster. You know, these are all free, you just have to put in your email and you know, confirm it and then you download their software and they're all safe. And this one is also delayed, but it has a pretty decent platform. So unless you learn how to trade and you know how to use it, this one even has the most app.

So you can try trading from your mobile app. I know a lot of people do that. So yeah, those are the different virtual trading accounts. I definitely think that you guys should use that as a first step before you do any before you put your real money on the line. Make sure that your strategies are actually working for you, you know, if you want to test my strategies out, do it on virtual trading. And you'll see that if you listen to the rules, if you follow them, you know word for word, and you don't jump ahead of the gun and you follow every single factor that you should that I discussed in my videos, you'll see that you're very profitable trader, and I hope you are.

So you know, try it out. Like I said, Sure, trader comm is probably the best one, you click on the education tab, and that allows you to have a virtual account for a week, and that'll be real time so you can actually see me A real trading environment while you're doing it.