How to Choose the Right Free Stock Trading

By. Silvia

free stock trading tutorial

When you’re looking for a free stock trading simulator, its best to do your research first. There are many different stock market simulators out there, some more realistic than others. Also, make sure that you’re not picking a free stock trading simulator based on popularity alone. For example, the most popular stock market trading simulator that comes to mind is run by CNBC with its fantasy stock challenge.

The problem with CNBC’s fantasy stock challenge game is that it is not nearly as realistic as it could be.

Any true stock trading professional knows that these two things are a critical issue when practicing trading stocks with a free stock trading simulator. Just like in the real world, a stock trading gameor simulator should closely emulate the performance that a trader would really experience if they were trading with real money. Not having the 3 things listed will cause any trading simulator to lose its realism, and hence not help the trader or investor practice live trading.

Competition has forced many online stock trading companies to keep their membership, trading, and commission prices down. If you look hard enough, you can even obtain a lot of pertinent online stock trading services without paying a single cent.

Deposit Deals

Many online stock trading companies are able to provide you at least $25 – free – just for signing up. If you are a resident of the United States, have been doing online stock trading for at least two years, and have at least $5,000 to deposit, some top trading sites are willing to give you as much as twenty free trades monthly – that’s one trade every working day.

Free Information

Many sites also allow you to download forms for free, listen to audio and video interviews with top investment professionals, read the freshest market editorials, access live chat and discussion forums, etc.

Free Promo Items

Last but not least, you can obtain free items just for signing up with an online stock trading company. Some sites require you to answer surveys and then send you freebies such as folios, baseball caps, pens, etc. If you’re lucky, you can even get free investing books, course CDs, and software. These free items come with your membership, and more often than not, they will be sent to you without your even knowing it.

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