Practice Trading - Real Time Markets

Better Trades Real Time Markets

In addition to providing a fully functional trade preparation and execution function, Real Time Markets (RTM) provides users with the ability to practice trade. The ability to trade without using capital allows users to test out new trading strategies without the financial risk. In order to make at similar to the real thing, practice trading uses the same execution module as myTrade, RTM's trading screen. Practice to Profits, RTM's practice module is differentiated from myTrade by its white background.

All functions that can be done through myTrade can be done through Practice to Profits. Trades are executed as if they were real allowing users witness the gains and losses on their proposed trades. Specialized trades such as stop losses, GTC orders, and conditional trades can also be done though the practice module. Practice to Profits is designed to simulate the trading experience exactly so that users can become familiar with the interface and functions before executing trades with real money.

Practice to Profits provides an exceptional training ground for new traders or for traders trying to perfect a new trading strategy. Any trade that can be executed through the myTrade module can be executed through the paper trading module as well. Practice to Profits allows users to work on executing stock and option trades, as well as, advanced option combinations. The accounting module included in the practice module is equivalent to the one in myTrade. Users can witness their trade positions in real time and can see how their account balance changes with changes in market values.

It is advisable that anyone using Real Time Markets review and use the Practice for Profits model first. Since it works exactly like the trade execution model, traders can ensure that they understand all the functions and abilities of the trading platform before committing real capital. In addition it provides a perfect simulation experience for beginner traders are for those looking to find and perfect a new trading strategy.