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Is There A Trading Game Online Where You Can Play The Markets?

A pretend game. One that would reflect what happens in the market, eg you are given X amount of fake money and you can invest it in stocks on, say, the FTSE – obviously not real ones, but just to see how much money you could make in a day.

Basically I want to work in a pretend investment bank for a day.

Any ideas?

Day trading


I've used investopedia for years to review some of my investment knowledge. It's a great site thats easy to use and understand. AND THE SIMULATOR IS AWESOME !! (though there's a delay of a few minutes)

http://simulator.investopedia.com/

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Should I Switch From Scottrade To Tradeking?

I don't have a lot of money invested <10k and I see that Tradeking has good reviews and a 5$ commission fee. I make a few trades a day, but want to get more into options and it seems scottrade is lacking in that department. I like Scottrade's streaming quotes interface and was wondering how tradeking's was and other pros/cons of tradeking. thanks
Day trading


No, stick with Scottrade, TradeKing is a black hole, they are slow filling their orders which ultimately lose you money and they don't know the business their in,both are bad features for a broker. You may want to try Optionsxpress, a lot of professional investors use them and they offer a lot of services. Don't be lured into low cost commissions, it is usually just a trade off for bad service.
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What Is Options Trading?

I've never heard of this until a few days ago. what is options trading btw? how can i do well?
Day trading


An option is a financial instrument you can buy or sell to generate additional income on the stocks you already own or to speculate on stock price movement.

Here's how it works:

Before you can trade options, you have to apply for options trading.

Most applications are reviewed and approved within 5 business days.

After being approved, decide whether you want to write a covered call, or trade calls or puts.

Options Strategies

* Covered Calls
Sell a covered call to generate income on a stock position you already own. This strategy is designed for conservative investors who are neutral to moderately bullish on a stock currently owned and are willing to sell the stock at a pre-determined price in exchange for receiving a premium for selling the call option.
* Trading Calls & Puts
Buy calls and puts to speculate on the price of a stock. Investors can buy long call options when they feel the price of the underlying stock will increase, or buy long put options when they feel the price will decrease.

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What Are The Steps I Should Follow To Pursue A Career In Day Trading?

I'm 19 and I already trade stocks to some degree. I'm going to school for business so I also understand how to analize a company and review their reports. What steps should I take now to someday become an effective day trader and possibly make it a career?
Day trading


First step would be to graduate from the best name school you can. Since you are already starting(university of michigan?) I would look to get straight A's , be involved with leadership activities and transfer into a top 15 university. (michigan is an elite school…but it would make your life ALOT easier if you could get into a ultra-elite). To get into the best trading shops you'll need this badge to get in the door. The best shops have the best technology and I can buy and sell a stock 50 times before someone with an on line broker can place 1 order. You can also go into I-banking(sales and trading) or a hedge fund (they both daytrade like maniacs, i have friends at both)Continue trading and YES analyzing company fundamentals is important. Don't believe the grumpy sheep that tell you all daytraders lose money. When you have a good thing going you stay quiet(why encourage more competition?) Having gone the trading route and now being independent I would steer you towards an i-bank or hedge fund. I make a very good living but you cant do this when you're 50 years old (it takes it toll) so gear for a position where you can trade and have job security. Good luck.
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