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futu |
Educating beginning futures and options traders.
Real Live Paper Trading: How it Works
Our paper trading accounts are just like real trading accounts in many ways:
- You are given an account number with a starting balance of $5,000 (fictitious).
- You can trade futures and options on any major U.S. exchange.
- You enter orders over the Internet.
- Market orders entered during the day session are filled at market prices.
- You can enter orders (eg. MOO and open STOP and LIMIT orders) in the evening to take effect the next business day.
- Limit and Stop orders are filled if triggered.
- You can check the status of pending orders over the Internet.
- Open stop and limit orders are automatically recorded and can easily be cancelled.
- You can check your account status daily over the Internet.
- You are able to expand trading to evening sessions, though we recommend you only use the day trading sessions.
- Positions are marked-to-market daily.
- Your trading gains and losses are tracked and reported.
BUT... you can't lose any money with a Real Live Paper Trading Account.
They are a great way to test your own trading abilities without risking precious capital, and all legitimized by using an independent third party to keep track of your results. And it makes the transition to real trading so much easier.
To open a Real Live Paper Trading Account, please click here.
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