Your Questions About Paper Trading

Sandy asks…

What brokers offer trading in commercial paper?

I’d like to trade commercial paper, but can’t find a broker who offers trading in the secondary market for this instrument. Does anyone know which retail brokers, if any, offer trading in this market?

John answers:

Most will, round lots are $1 million.

James asks…

What is the best free paper trading website?

It should let you buy and sell stocks, short sell, buy on margin, and buy and sell options.

John answers:

The best is:
thinkorswim.com

Robert asks…

how do i teach my kids how to do paper trading?

i want to teach my kids paper trading, i have looked online and we have found some stuff. if u know anything that would help me please tell me! =)

John answers:

Take a look at Rule #1. I read the book and was very impressed. It isn’t a gimmick so it does involve some work in researching the company and looking at numbers. But basically you are putting money on the CEO as if you wanted to buy the business yourself. You also learn how to spot when the big firms are going to be buying or selling so you can move before they do.

Http://www.philtown.com/

Here is a site for papertrading that I found. I have not used it.

Http://vse.marketwatch.com/Game/Homepage.aspx

Susan asks…

What are some good sites where I can do stock market paper trading?

Thanks. Also, if you have any sites and/or books on how to learn, please list them, it would be appreciated.

John answers:

Thinkorswim has a great paper trading platform that is free. With the platform you get access to all sorts of charting information and live data.
Investopedia is the best information to learn over technical and fundamental analysis plays in the stock market.

Steven asks…

What is the best free paper trading (stocks) website?

It should let you buy and sell stocks, short sell, buy on margin, and buy and sell options.

John answers:

Best site by far is Think or Swim offered by TD Ameritrade. It also lets you do paper trades on Forex.

Second is www.clearstation.com. But limited to stocks, but has great stock suggestions in Stock list “A”
If you are not familiar with MacD or Stochastic, look lower on the site, and read the tutorials on MacD and STocahastic. These two charts are used together to tell you when to enter and exit a trade. Great for short term or long term trading.

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