trader_dante
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Most "trading Tests" usually have this as the first question:
Question 1: What's the difference between buying a Lottery Ticket and buying a Penny Stock?
Answer: One funds your community swimming pool, the other funds your brokers swimming pool.
Question 1: What's the difference between buying a Lottery Ticket and buying a Penny Stock?
Answer: One funds your community swimming pool, the other funds your brokers swimming pool.
that is so funny and yet so true!Please forgive my ignorance but what is a simulated trading test?
If you are asking for a demo platform in which you can place trades on, I would say use metatrader 4. There are a number of brokers that use metatrader 4 and offer it as a demo. I am using broco trader because they offer quite a number of instruments to trade, they do offer a demo as well.
It is all free
Jaydee
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I doubt that your examiners will be looking for you to be able to make money at such an early stage. It's more likely they will want to see how you handle your risk. I.e. Keep your stop losses at a reasonable distance from your entry point and don't put down too much size. If you show them you are a loose cannon gambler, you will be sure to fail the test.
Regarding maths and price action, maths doesn't really help raw trading. The only trading it does is the area of quant trading where you can perform trades based on statistical analysis on mean reversions, stat arbitrage, etc. To be honest, I wouldn't concern yourself with it at this point, unless you are going for a quant role. Even then, they would probably ask you standard probability and logic based questions and not stuff on Black Scholes, etc.
I really want a trading job, what shd i do man ? i am unemployed for two months and going broke soon *** !
Jaydee
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If you need money, unless the trading job pays you a salary, get a normal 9-5 job. If you are trying to become a prop trader where you only get paid by your P&L, you will need to be financially secure before you take such a step as it will take months, even years before you will turn a profit.
Also, regarding prop trading in general, there are much easier ways to make money. You may get all the riches in the world if you make it in trading, but you will have sacrificed a huge amount to get there. If you have no trading experience at all, I would recommend you think long and hard before you walk down this path. I don't wish to put you off, I just want you understand what's at stake.
Also, regarding prop trading in general, there are much easier ways to make money. You may get all the riches in the world if you make it in trading, but you will have sacrificed a huge amount to get there. If you have no trading experience at all, I would recommend you think long and hard before you walk down this path. I don't wish to put you off, I just want you understand what's at stake.
B
Black Swan
Ever thought of trolling, wasting peoples valuable time? You show promise, you've just wasted 2 minutes of mine...
I have the same question. I am using tradingsim.com right now. Ninja trader may also be another option. I will post back here if my question is answered.