Trading Forex and Trading Stocks

January 16, 2008 by Trader Rich 

I’ve been trading forex for about 2 1/2 years now.  I’ve had some breaks in between but overall, it’s been a pretty steady run.  While I’ve been trading forex, I haven’t strayed outside of this market other than investing in mutual funds or index funds.  Last night I started thinking about getting more involved in other markets, specifically the stock market since I have previous experience.  I’ve traded stocks in the past turning a small profit but I never got immersed in it.  

Today I searched around for a stock market demo account but unlike forex, you’re not going to find any of your major stock brokers that offer them; at least I don’t know of any that do.  I stumbled over a bunch of "fantasy" stock market websites, some free, some that cost a fee to join individual contests.  Marketwatch has good stock coverage and offer a virtual stock exchange but I liked WallStreetSurvivor much better.  Wall Street Survivor offers prizes and though they’re not easy winning since there are thousands of contestants, I liked that the website was a dedicated stock market fantasy game and free.  They currently have a $50,000 contest that runs from January 1st until sometime in April, daily prizes, and weekly prizes.  I’m pretty excited to get into the initial preparation phase of possibly trading in the stock market.  When I traded stocks in the past, I didn’t use technical analysis, position sizing, or much of anything I use now so it will be interested to see how I can transition from trading forex.  I’m certainly not taking the focus off of forex trading, just trying to expand my horizons….

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Comments

One Response to “Trading Forex and Trading Stocks”

  1. Lonely Trader on January 28th, 2008 8:27 am

    Check out MBT — you can also run NinjaTrader off of their demo feed for free, and code your mechanical systems from there. If you own NeoTicker, you can fully automate a demo bot through Ninja and MBT, or just interface directly with Neo and MBT. (I haven’t done this myself.)

    Later

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